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REGISTERED NUMBER:
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STEFFIAN BRADLEY LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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REGISTERED NUMBER:
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STEFFIAN BRADLEY LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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STEFFIAN BRADLEY LIMITED |
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Company Information |
for the Year Ended 31 December 2016 |
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Directors: |
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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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Chartered Certified Accountants |
Chartered Tax Advisers |
Artisans' House |
7 Queensbridge |
Northampton |
Northamptonshire |
NN4 7BF |
STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Balance Sheet |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Balance Sheet - continued |
31 December 2016 |
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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 Board of Directors on
its behalf by: |
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STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Steffian Bradley Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Turnover on long term contracts comprises the value of work executed during the accounting period |
exclusive of value added tax. |
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Operating profit comprises the results from the provision of services and the results attributable in |
the accounting period to contracts completed and long term contracts in progress where a |
profitable outcome can prudently be forseen after making provision for foreseeable losses. The |
amounts by which recorded turnover is in excess of payments on account of long term contracts are |
included in debtors as amounts recoverable on contracts. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Financial instruments |
The loan to the associated party is unsecured and interest free. There is no formal payment schedule |
but the loan is not repayable at the unconditional demand of the lender. Repayment is contingent |
upon financial performance and cash reserves of the borrower. The unconditional right to defer |
payment and the manifestly long term nature of the loan means that the loan is categorised within |
Creditors: Amounts Falling Due After More Than One Year rather than Creditors: Amounts Falling |
Due Within One Year. |
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The intercompany loan therefore falls within the definition of a basic financial instrument under FRS |
102. Strictly there should be a present value calculation of loan repayments to carry the value of the |
loan at discounted value, but since there are no fixed repayment terms it would not be possible or |
material to do so. As such it is considered that the financial statements still show a true and fair |
view, even though the loan is recognised at nominal value. |
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STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have |
been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving |
at the operating result. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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Depreciation |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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Net book value |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Other debtors due after more than one year relates to a rent deposit of £48,829. There is a legal |
charge by the landlord over the deposit. |
STEFFIAN BRADLEY LIMITED (REGISTERED NUMBER: 04179038) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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