Service Partitions Limited - Accounts to registrar (filleted) - small 18.2

Service Partitions Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv18.2.1.6200976836Board of DirectorsBoard of Directors1.8.1731.7.1831.7.18falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009768362017-07-31009768362018-07-31009768362017-08-012018-07-31009768362016-07-31009768362016-08-012017-07-31009768362017-07-3100976836ns15:EnglandWales2017-08-012018-07-3100976836ns14:PoundSterling2017-08-012018-07-3100976836ns10:Director12017-08-012018-07-3100976836ns10:Director22017-08-012018-07-3100976836ns10:PrivateLimitedCompanyLtd2017-08-012018-07-3100976836ns10:SmallEntities2017-08-012018-07-3100976836ns10:AuditExempt-NoAccountantsReport2017-08-012018-07-3100976836ns10:SmallCompaniesRegimeForDirectorsReport2017-08-012018-07-3100976836ns10:SmallCompaniesRegimeForAccounts2017-08-012018-07-3100976836ns10:FullAccounts2017-08-012018-07-3100976836ns10:RegisteredOffice2017-08-012018-07-3100976836ns5:CurrentFinancialInstruments2018-07-3100976836ns5:CurrentFinancialInstruments2017-07-3100976836ns5:ShareCapital2018-07-3100976836ns5:ShareCapital2017-07-3100976836ns5:RetainedEarningsAccumulatedLosses2018-07-3100976836ns5:RetainedEarningsAccumulatedLosses2017-07-3100976836ns5:FurnitureFittings2017-08-012018-07-3100976836ns5:MotorVehicles2017-08-012018-07-3100976836ns5:FurnitureFittings2017-07-3100976836ns5:MotorVehicles2017-07-3100976836ns5:FurnitureFittings2018-07-3100976836ns5:MotorVehicles2018-07-3100976836ns5:FurnitureFittings2017-07-3100976836ns5:MotorVehicles2017-07-3100976836ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-07-3100976836ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-07-3100976836ns10:Director112017-07-3100976836ns10:Director112016-07-3100976836ns10:Director112017-08-012018-07-3100976836ns10:Director112016-08-012017-07-3100976836ns10:Director112018-07-3100976836ns10:Director112017-07-3100976836ns10:Director222017-07-3100976836ns10:Director222016-07-3100976836ns10:Director222017-08-012018-07-3100976836ns10:Director222016-08-012017-07-3100976836ns10:Director222018-07-3100976836ns10:Director222017-07-31


REGISTERED NUMBER: 00976836(England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2018

for

Service Partitions Limited

Service Partitions Limited (Registered number: 00976836)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Service Partitions Limited

Company Information
for the Year Ended 31 July 2018







DIRECTORS: W Kirkham
D Phillips





REGISTERED OFFICE: Unit 5
Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 00976836(England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

Service Partitions Limited (Registered number: 00976836)

Balance Sheet
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,903 24,785

CURRENT ASSETS
Inventories 508 767
Debtors 5 41,188 144,257
Cash at bank and in hand 480,561 211,503
522,257 356,527
CREDITORS
Amounts falling due within one year 6 112,531 115,887
NET CURRENT ASSETS 409,726 240,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,629

265,425

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 409,629 245,425
429,629 265,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

Service Partitions Limited (Registered number: 00976836)

Balance Sheet - continued
31 July 2018


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 17 September 2018and were signed on its behalf
by:




W Kirkham- Director



D Phillips- Director


Service Partitions Limited (Registered number: 00976836)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Service Partitions Limited 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
Revenue 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.
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5(2017 - 5) .

Service Partitions Limited (Registered number: 00976836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2017 44,913 39,416 84,329
Additions 2,107 - 2,107
Disposals (8,516 ) - (8,516 )
At 31 July 2018 38,504 39,416 77,920
DEPRECIATION
At 1 August 2017 42,299 17,245 59,544
Charge for year 948 5,543 6,491
Eliminated on disposal (8,018 ) - (8,018 )
At 31 July 2018 35,229 22,788 58,017
NET BOOK VALUE
At 31 July 2018 3,275 16,628 19,903
At 31 July 2017 2,614 22,171 24,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade debtors 36,902 140,792
Other debtors 69 -
Prepayments 4,217 3,465
41,188 144,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade creditors 1,996 48,866
Tax 54,570 37,685
Social security and other taxes 672 489
VAT 46,495 19,187
Directors' current accounts 8,353 9,660
Accrued expenses 445 -
112,531 115,887

Service Partitions Limited (Registered number: 00976836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2018 and 31 July 2017:

31.7.18 31.7.17
£    £   
W Kirkham
Balance outstanding at start of year (4,830 ) -
Amounts advanced 654 -
Amounts repaid - (4,830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,176 ) (4,830 )

D Phillips
Balance outstanding at start of year (4,830 ) -
Amounts advanced 654 -
Amounts repaid - (4,830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,176 ) (4,830 )