Ian Sykes and Co Limited


1 January 2018falseTaxfiler2017.51.Web9725943business:PrivateLimitedCompanyLtd2018-01-012018-03-3197259432017-12-3197259432018-01-012018-03-319725943business:AuditExemptWithAccountantsReport2018-01-012018-03-319725943business:FullAccounts2018-01-012018-03-3197259432018-03-319725943business:Director12018-01-012018-03-319725943business:Director22018-01-012018-03-319725943business:RegisteredOffice2018-01-012018-03-3197259432017-12-319725943core:WithinOneYear2018-03-319725943core:WithinOneYear2017-12-319725943core:ShareCapital2018-03-319725943core:ShareCapital2017-12-319725943core:RetainedEarningsAccumulatedLosses2018-03-319725943core:RetainedEarningsAccumulatedLosses2017-12-319725943business:SmallEntities2018-01-012018-03-319725943countries:EnglandWales2018-01-012018-03-319725943core:IntangibleAssetsOtherThanGoodwill2017-12-319725943core:IntangibleAssetsOtherThanGoodwill2018-03-319725943core:IntangibleAssetsOtherThanGoodwill2018-01-012018-03-3197259432017-02-012017-12-31iso4217:GBPxbrli:pure
Company Registration No. 9725943 (England and Wales)
Ian Sykes and Co LimitedUnaudited accounts for the period from 1 January 2018 to 31 March 2018
Ian Sykes and Co LimitedUnaudited accounts Contents
Page
- 2 -
Ian Sykes and Co Limited Company Information for the period from 1 January 2018 to 31 March 2018
Directors
Ian SykesKaren Sykes
Company Number
9725943 (England and Wales)
Registered Office
1 Windlesham GardensShoreham by SeaWest SussexBN43 5AD
Accountants
Ian Sykes and Co Limited 1 Windlesham Gardens Shoreham by Sea West Sussex BN43 5AD
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ian Sykes and Co Limited for the period from 1 January 2018 to 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ian Sykes and Co Limited for the period from 1 January 2018 to 31 March 2018 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Ian Sykes and Co Limited Chartered Certified Accountants 1 Windlesham Gardens Shoreham by Sea West Sussex BN43 5AD 4 April 2018
- 4 -
Ian Sykes and Co Limited Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
250 
275 
Current assets
Debtors
3,746 
9,291 
Cash at bank and in hand
16,922 
11,889 
20,668 
21,180 
Creditors: amounts falling due within one year
(10,803)
(14,577)
Net current assets
9,865 
6,603 
Net assets
10,115 
6,878 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,015 
6,778 
Shareholders' funds
10,115 
6,878 
For the period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 April 2018.
Ian Sykes Director Company Registration No. 9725943
- 5 -
Ian Sykes and Co Limited Notes to the Accounts for the period from 1 January 2018 to 31 March 2018
1
Statutory information
Ian Sykes and Co Limited is a private company, limited by shares, registered in England and Wales, registration number 9725943. The registered office is 1 Windlesham Gardens, Shoreham by Sea, West Sussex, BN43 5AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Revenue
Revenue, described as turnover, is the value of work performed during the year with respect to services. Revenue is recognised on the provision of services once each individual assignment has been completed.
Intangible fixed assets
The cost of the right to use the company's trademark is amortised on a straight line basis over 5 years, this being the period of the licence.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2018
500 
At 31 March 2018
500 
Amortisation
At 1 January 2018
225 
Charge for the period
25 
At 31 March 2018
250 
Net book value
At 31 March 2018
250 
At 31 December 2017
275 
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
3,173 
8,966 
Accrued income and prepayments
523 
236 
Other debtors
50 
89 
3,746 
9,291 
- 6 -
Ian Sykes and Co Limited Notes to the Accounts for the period from 1 January 2018 to 31 March 2018
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
2,903 
1,746 
Taxes and social security
7,826 
5,741 
Other creditors
74 
- 
Loans from directors
- 
7,090 
10,803 
14,577 
7
Transactions with related parties
The loan from the directors has not been overdrawn at any time during the year. It is non interest bearing and repayable on demand.
8
Average number of employees
During the period the average number of employees was 2 (2017: 2).
- 7 -