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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
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S I E T LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
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FOR |
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S I E T LIMITED |
S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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S I E T LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 January 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Aruna House |
2 Kings Road |
Haslemere |
Surrey |
GU27 2QA |
S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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BALANCE SHEET |
31 January 2018 |
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31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 7 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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BALANCE SHEET - continued |
31 January 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2018 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible assets |
Tangible assets are written down over their useful lives. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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3. | TANGIBLE FIXED ASSETS |
Office, |
Garage | Motor | Office |
and Store | vehicles | Equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 February 2017 |
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Disposals |
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Revaluations |
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At 31 January 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Eliminated on disposal |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 31 January 2017 |
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Cost or valuation at 31 January 2018 is represented by: |
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Office, |
Garage | Office |
and Store | Equipment | Totals |
£ | £ | £ |
Valuation in 2017 | 40,077 | - | 40,077 |
Valuation in 2018 | 12,800 | - | 12,800 |
Cost | 119,923 | 33,427 | 153,350 |
172,800 | 33,427 | 206,227 |
S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2018 |
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3. | TANGIBLE FIXED ASSETS - continued |
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If the office, garage and store had not been revalued it would have been included at the following historical cost: |
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31.1.18 | 31.1.17 |
£ | £ |
Cost | 119,923 | 119,923 |
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The office, garage and store was valued on an open market basis on 31 January 2018 by the director . |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Tax |
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VAT | 56,597 | 53,374 |
Mortgage on office, garage & store (under
12 months) |
4,073 |
9,527 |
Directors' current accounts | 25,205 | 21,693 |
Accrued expenses |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Mortgage on office, garage & store (over 12
months) |
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7. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 February 2017 |
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358,814 |
Profit for the year |
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Dividends | ( |
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Reserve transfer | (10,368 | ) | 10,368 | - |
At 31 January 2018 |
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342,775 |
S I E T LIMITED (REGISTERED NUMBER: 03305345) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2018 |
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8. | RELATED PARTIES |
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The property shown in the Accounts, Office, Garage, and Store, had to be registered, for various reasons, in the |
director's name. There has been no charge on the company for the use of this property by the director, and he had |
no beneficial interests in it; it is held in his name for the benefit of the company. |
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In addition, the director has given a personal guarantee against the mortgage on the Office, Garage and Store. |
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9. | PROPERTIES |
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The cost of the Office, Garage and Store is the cost of purchasing the Leasehold of a small building, close to the |
consulting rooms at St John Street, Manchester, for business purposes. This has been purchased with the help of |
a mortgage from the Royal Bank of Scotland, which is repayable over 20 years. Its current value is |
approximately £172,800 which is reflected in the accounts. There is currently a legal charge held at Companies |
House in favour of The Royal Bank of Scotland. |
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See note on Related Parties. |