Steven R. Hackett Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08055806 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Steven R. Hackett Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S R Hackett

Mrs S R Hackett

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

08055806 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Tangible assets

4

3,540

4,619

CURRENT ASSETS

Debtors

5

17,006

1,889

Cash at bank

10,434

14,167

27,440

16,056

CREDITORS

Amounts falling due within one year

6

19,582

17,942

NET CURRENT ASSETS/(LIABILITIES)

7,858

(1,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,398

2,733

PROVISIONS FOR LIABILITIES

7

708

923

NET ASSETS

10,690

1,810

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,688

1,808

SHAREHOLDERS' FUNDS

10,690

1,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2018 and were signed on its behalf by:

Mr S R Hackett - Director

1.	STATUTORY INFORMATION

Steven R. Hackett Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

11,464

Additions

436

At 31 May 2017

11,900

DEPRECIATION

At 1 June 2016

6,845

Charge for year

1,515

At 31 May 2017

8,360

NET BOOK VALUE

At 31 May 2017

3,540

At 31 May 2016

4,619

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

2,137

1,889

Other debtors

14,869

-

17,006

1,889

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Taxation and social security

19,011

13,568

Other creditors

571

4,374

19,582

17,942

7.	PROVISIONS FOR LIABILITIES

31.5.17

31.5.16

£

£

Deferred tax

708

923

Deferred

tax

£

Balance at 1 June 2016

923

Decelerated capital allowance

(215

)

Balance at 31 May 2017

708

8.	RELATED PARTY DISCLOSURES

The company operates a current account with the director and the activity during the year was as follows:

31.5.17

31.5.16

Mr S R & Mrs S R Hackett

£

£

Amount owed from director at end of year

(14,869

)

3,753

Amount owed to director at start of year

3,753

2,892

The amount owed to the director is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S R Hackett and Mrs S R Hackett who are the directors and own 100% of the

share capital.