STEERFORTH LIMITED

STEERFORTH LIMITED

STEERFORTH LIMITED - Company Information

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STEERFORTH LIMITED

Company Registration Number:
07531104 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2018

Period of accounts

Start date: 01 May 2017

End date: 30 April 2018

STEERFORTH LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

STEERFORTH LIMITED

Balance sheet

As at 30 April 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 1,897 1,847
Total fixed assets: 1,897 1,847
Current assets
Debtors:   33,480 40,000
Cash at bank and in hand: 468,214 438,135
Total current assets: 501,694 478,135
Creditors: amounts falling due within one year:   (101,942) (102,162)
Net current assets (liabilities): 399,752 375,973
Total assets less current liabilities: 401,649 377,820
Total net assets (liabilities): 401,649 377,820
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 401,549 377,720
Shareholders funds: 401,649 377,820

The notes form part of these financial statements

STEERFORTH LIMITED

Balance sheet statements

For the year ending 30 April 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2019
and signed on behalf of the board by:

Name: Robert Millar
Status: Director

The notes form part of these financial statements

STEERFORTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover is recognised upon invoicing.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation and impairment. The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows:-Fixtures and fittings 25% Straight lineThe assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within ‘administrative expenses’ in the profit and loss account.

Intangible fixed assets and amortisation policy

Purchased goodwill arising is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is five years. Provision is made for any impairment.

STEERFORTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

STEERFORTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Tangible Assets

Total
Cost £
At 01 May 2017 3,323
Additions 1,041
At 30 April 2018 4,364
Depreciation
At 01 May 2017 1,476
Charge for year 991
At 30 April 2018 2,467
Net book value
At 30 April 2018 1,897
At 30 April 2017 1,847

STEERFORTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Financial commitments

There were no commitments, guarantees or contingencies as at 30 April 2018 (2017: None).

STEERFORTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

5. Related party transactions

Name of the related party: Robert Millar
Relationship:
Director
Description of the Transaction: Company expenses paid by directors and dividends less withdrawals
£
Balance at 01 May 2017 54,761
Balance at 30 April 2018 29,409