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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 05806657) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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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 |
Registered Auditors |
2 Villiers Court |
40 Upper Mulgrave Road |
Cheam |
Surrey |
SM2 7AJ |
SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 05806657) |
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BALANCE SHEET |
31ST OCTOBER 2017 |
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31.10.17 | 31.10.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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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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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Capital redemption reserve | 7 |
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Retained earnings | 7 |
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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 |
(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. |
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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
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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 05806657) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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1. | STATUTORY INFORMATION |
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Surrey And Sussex Consultant Partnership Limited is a
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England and Wales. 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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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 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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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. |
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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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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Trade debtors |
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SURREY AND SUSSEX CONSULTANT PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 05806657) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Trade creditors |
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Tax | ( |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.17 | 31.10.16 |
value: | £ | £ |
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Ordinary | £1 | 14 | 96,000 |
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Ordinary Non Voting | £1 | 14 | 16 |
28 | 96,016 |
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During the year, the company repurchased and cancelled 95,986 ordinary shares and 2 ordinary non voting |
shares to leave issued share capital of 14 ordinary shares and 14 ordinary non voting shares. This was because in |
the opinion of the directors, the company was overcapitalised and it was necessary to facilitate the exit of certain |
shareholders.The transactions were carried out at par value. |
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7. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
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At 1st November 2016 |
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63,053 |
Deficit for the year | ( |
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Purchase of own shares | (55,561 | ) | 55,561 | - |
At 31st October 2017 |
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55,561 |
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8. | RELATED PARTY DISCLOSURES |
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As part of the share capital reduction, and in the same way as any other shareholder of the same class, the |
directors had their Ordinary shares repurchased and cancelled to leave them with one remaining share. The |
shares were repurchased at par value. |
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9. | FIRST YEAR ADOPTION |
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There have been no significant changes in accounting policies for the company as the result of transition to |
FRS102. |