S J Edney Limited Filleted accounts for Companies House (small and micro)

false false false false false false false false false true false false true false false true true No description of principal activity 2017-07-01 Sage Accounts Production Advanced 2018 - FRS 16,819 2,130 18,949 8,434 3,253 11,687 7,262 8,385 xbrli:pure xbrli:shares iso4217:GBP 07622328 2017-07-01 2018-06-30 07622328 2018-06-30 07622328 2017-06-30 07622328 2016-07-01 2017-06-30 07622328 2017-06-30 07622328 core:FurnitureFittings 2017-07-01 2018-06-30 07622328 bus:Director1 2017-07-01 2018-06-30 07622328 core:FurnitureFittings 2017-06-30 07622328 core:FurnitureFittings 2018-06-30 07622328 core:WithinOneYear 2018-06-30 07622328 core:WithinOneYear 2017-06-30 07622328 core:ShareCapital 2018-06-30 07622328 core:ShareCapital 2017-06-30 07622328 core:RetainedEarningsAccumulatedLosses 2018-06-30 07622328 core:RetainedEarningsAccumulatedLosses 2017-06-30 07622328 core:FurnitureFittings 2017-06-30 07622328 bus:SmallEntities 2017-07-01 2018-06-30 07622328 bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 07622328 bus:FullAccounts 2017-07-01 2018-06-30 07622328 bus:SmallCompaniesRegimeForAccounts 2017-07-01 2018-06-30 07622328 bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30

COMPANY REGISTRATION NUMBER: 07622328

S J Edney Limited

Filleted Unaudited Financial Statements

30 June 2018

S J Edney Limited

Statement of Financial Position

30 June 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		7,262	8,385

Current assets

Debtors	6	307,945	311,204
Cash at bank and in hand		789,178	709,372
		------------	------------
		1,097,123	1,020,576

Creditors: amounts falling due within one year	7	108,203		164,522
		------------		------------
Net current assets			988,920	856,054
			---------	---------
Total assets less current liabilities			996,182	864,439
			---------	---------
Net assets			996,182	864,439
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	996,082	864,339
	---------	---------
Shareholders funds	996,182	864,439
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

S J Edney Limited

Statement of Financial Position (continued)

30 June 2018

These financial statements were approved by the board of directors and authorised for issue on 1 November 2018 , and are signed on behalf of the board by:

Mr. S.J. Edney
Director

Company registration number: 07622328

S J Edney Limited

Notes to the Financial Statements

Year ended 30 June 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Park House, Church Place, Swindon, Wiltshire, SN1 5ED.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2017: 6 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 July 2017	16,819	16,819
Additions	2,130	2,130
	--------	--------
At 30 June 2018	18,949	18,949
	--------	--------
Depreciation
At 1 July 2017	8,434	8,434
Charge for the year	3,253	3,253
	--------	--------
At 30 June 2018	11,687	11,687
	--------	--------
Carrying amount
At 30 June 2018	7,262	7,262
	--------	--------
At 30 June 2017	8,385	8,385
	--------	--------

6. Debtors

	2018	2017
	£	£
Trade debtors	241,789	235,754
Other debtors	66,156	75,450
	---------	---------
	307,945	311,204
	---------	---------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	48,730	97,587
Social security and other taxes	30,059	59,335
Other creditors	29,414	7,600
	---------	---------
	108,203	164,522
	---------	---------

8. Director's advances, credits and guarantees

The company acquired the assets of S J Edney Solicitors on 1 July 2011 from Mr. S.J. Edney at book value for a total consideration of £179,287.

9. Related party transactions

The company was under the control of Mr. S.J. Edney throughout the current year and is the managing director and sole shareholder.