St Georges Pest Control Limited
Registered number: 06453039
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 125,582 135,210
Investments 3 18,440 18,440
144,022 153,650
Current assets
Stocks 6,425 5,920
Debtors 4 66,520 62,076
Cash at bank and in hand 108,203 68,530
181,148 136,526
Creditors: amounts falling due within one year 5 (88,454) (71,986)
Net current assets 92,694 64,540
Total assets less current liabilities 236,716 218,190
Creditors: amounts falling due after more than one year 6 (24,377) (30,818)
Provisions for liabilities (7,040) (8,964)
Net assets 205,299 178,408
Capital and reserves
Called up share capital 150 150
Share premium 17,166 17,166
Profit and loss account 187,983 161,092
Shareholder's funds 205,299 178,408
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
George Ketley
Director
Approved by the board on 13 April 2017
St Georges Pest Control Limited
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2016 104,550 22,813 88,164 215,527
Additions - 1,277 12,595 13,872
Disposals - - (4,028) (4,028)
At 31 December 2016 104,550 24,090 96,731 225,371
Depreciation
At 1 January 2016 10,455 15,492 54,370 80,317
Charge for the year 2,091 2,029 18,943 23,063
On disposals - - (3,591) (3,591)
At 31 December 2016 12,546 17,521 69,722 99,789
Net book value
At 31 December 2016 92,004 6,569 27,009 125,582
At 31 December 2015 94,095 7,321 33,794 135,210
3 Investments
Other
investments
£
Cost
At 1 January 2016 18,440
At 31 December 2016 18,440
4 Debtors 2016 2015
£ £
Trade debtors 63,251 59,331
Other debtors 3,269 2,745
66,520 62,076
5 Creditors: amounts falling due within one year 2016 2015
£ £
Bank loans and overdrafts 5,113 4,313
Trade creditors 3,531 2,507
Corporation tax 20,416 11,111
Other taxes and social security costs 35,368 31,469
Other creditors 24,026 22,586
88,454 71,986
6 Creditors: amounts falling due after one year 2016 2015
£ £
Bank loans 24,377 30,818
7 Controlling party
During the year, the company was under the control of its director by virtue of his shareholding.
8 Other information
St Georges Pest Control Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 24 East Hanningfield Industrial Estate
Old Church Road
East Hanningfield
Essex
CM3 8AB
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