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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
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ST&R LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
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FOR |
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ST&R LIMITED |
ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 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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ST&R LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2018 |
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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 Accountants |
120-124 Towngate |
Leyland |
Lancashire |
PR25 2LQ |
ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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BALANCE SHEET |
31 JULY 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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PENSION LIABILITY |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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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. |
ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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BALANCE SHEET - continued |
31 JULY 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 Board of Directors on
its behalf by: |
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ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
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1. | STATUTORY INFORMATION |
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ST&R Limited is a
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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 represents commissions receivable after deducting the expected future clawbacks, when |
the company obtains the right to consideration. |
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INTANGIBLE ASSETS |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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TANGIBLE FIXED ASSETS |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the |
defined obligation at that date. The defined benefit obligation is calculated on an annual basis by |
independent actuaries. |
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Actuarial gains and losses are recognised in full in the period in which they occur and are shown in |
Other Comprehensive Income. |
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Current and past service costs, along with settlements or curtailments, are charged to the Income |
Statement. Interest on pension plan liabilities are recognised within finance expense. |
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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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TRUST |
The Company has created a trust whose beneficiaries will include employees of the Company and |
their dependents. Assets held under this trust will be controlled by trustees who will be acting |
independently and entirely at their own discretion. |
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Where assets are held in the trust and these are considered by the Company to be in respect of |
services already provided by employees to the Company, the Company will account for these as |
assets of the trust when payment is made to the trust. The value transferred will be charged in the |
Company's profit and loss account for the year to which it relates. |
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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. | INTANGIBLE FIXED ASSETS |
Branding |
costs | Website | Totals |
£ | £ | £ |
COST |
At 1 August 2017 |
and 31 July 2018 |
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AMORTISATION |
At 1 August 2017 |
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Amortisation for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2017 |
and 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Directors' current accounts | 677,168 | 498,974 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other loans |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other loans - 1-2 years |
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9. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 3,871 | 5,958 |
ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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9. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 August 2017 |
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Credit to Income Statement during year | ( |
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Balance at 31 July 2018 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary A shares | £1 | 51 | 51 |
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Ordinary B shares | £1 | 25 | 25 |
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Ordinary C shares | £1 | 49 | 49 |
125 | 125 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 August 2017 |
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Profit for the year |
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Dividends | ( |
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Actuarial gain/(loss) | (39,000 | ) |
At 31 July 2018 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - INTEREST FREE |
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The following advances and credits to directors subsisted during the years ended 31 July 2018 and |
31 July 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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ST&R LIMITED (REGISTERED NUMBER: 07967035) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - INTEREST FREE - continued |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Personal guarantees have been given by Mr J Slater to L&G, Prudential, Aviva and Ageas for claw |
backs if the company is wound up. |
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A personal guarantee of £50,000 has been provided by Mr J Slater in respect of the overdraft facility |
with Barclays Bank Plc. |
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13. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £174,255 were paid to the directors . |
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During the year, the following shareholder directors agreed to take on the Company¡¦s pension |
obligations as follows: |
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- James Slater in respect of Natasha Slater for £170,000 |
- Natasha Slater in respect of James Slater for £257,000. |
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The Company agreed to pay the respective individuals amounts equivalent to the actuarial valuations |
of the pension obligations at transfer. |
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14. | ULTIMATE CONTROLLING PARTY |
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The controlling party is JST Group Ltd. |
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The ultimate controlling party is
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15. | PENSION COSTS |
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Employer Pension Obligations |
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2018 | 2017 |
£ | £ |
Present value of defined benefit obligations | - | 411,000 |
Fair value of scheme assets | - | - |
Liability recognised in the balance sheet | - | 411,000 |
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2018 |
£ |
At the beginning of the year | 411,000 |
Current Service Cost | - |
Interest cost | 11,000 |
Actuarial loss | 5,000 |
Settlement | (427,000 | ) |
At the end of the year | - |