Talbot and Muir Limited - Accounts to registrar (filleted) - small 18.1
Talbot and Muir Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
| FOR |
| TALBOT AND MUIR LIMITED |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TALBOT AND MUIR LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 340 Melton Road |
| Leicester |
| LE4 7SL |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| BALANCE SHEET |
| 31 December 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| BALANCE SHEET - continued |
| 31 December 2017 |
| 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 |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| Talbot and Muir Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Time related fees are accounted for in the year to which they relate. Other fees are recognised on invoices which |
| are raised on the completion of the work. Commissions are recognised on an accruals basis. Management |
| charges are recognised on a monthly basis. |
| Goodwill |
| Goodwill arising on the acquisition of the Talbot and Muir SIPP LLP is being amortised over its estimated useful |
| economic life of 10 years. |
| Other goodwill is being amortised over its estimated useful economic life of three years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 |
| ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there |
| is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis |
| or to realise the asset and settle the liability simultaneously. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2017 |
| Additions |
| Transfer |
| At 31 December 2017 |
| AMORTISATION |
| At 1 January 2017 |
| Amortisation for year |
| Transfer |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | and | Computer |
| improvements | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| Reclassification/transfer |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| Reclassification/transfer |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2017 |
| and 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 150,882 | 46,780 |
| Other creditors |
| Directors' current accounts | 264,332 | - |
| Accruals and deferred income |
| TALBOT AND MUIR LIMITED (REGISTERED NUMBER: 02869547) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2017 |
| 9. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES |
| Operating lease commitments not included in the balance sheet amount to £45,833 ( 2016 - £100,833 ). |