IRIS Accounts Production v18.3.1.65 04893556 Board of Directors Board of Directors 1.9.17 31.8.18 31.8.18 false true false false false true false 62495 43945 44805 41450 40000 60000 57690 62495 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure048935562017-08-31048935562018-08-31048935562017-09-012018-08-31048935562016-08-31048935562016-09-012017-08-31048935562017-08-3104893556ns15:EnglandWales2017-09-012018-08-3104893556ns14:PoundSterling2017-09-012018-08-3104893556ns10:Director12017-09-012018-08-3104893556ns10:Director22017-09-012018-08-3104893556ns10:PrivateLimitedCompanyLtd2017-09-012018-08-3104893556ns10:SmallEntities2017-09-012018-08-3104893556ns10:AuditExempt-NoAccountantsReport2017-09-012018-08-3104893556ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-3104893556ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-3104893556ns10:FullAccounts2017-09-012018-08-310489355612017-09-012018-08-3104893556ns10:Director2422017-08-3104893556ns10:Director2422016-08-3104893556ns10:Director2422017-09-012018-08-3104893556ns10:Director2422016-09-012017-08-3104893556ns10:Director2422018-08-3104893556ns10:Director2422017-08-3104893556ns10:RegisteredOffice2017-09-012018-08-3104893556ns5:CurrentFinancialInstruments2018-08-3104893556ns5:CurrentFinancialInstruments2017-08-3104893556ns5:Non-currentFinancialInstruments2018-08-3104893556ns5:Non-currentFinancialInstruments2017-08-3104893556ns5:ShareCapital2018-08-3104893556ns5:ShareCapital2017-08-3104893556ns5:RetainedEarningsAccumulatedLosses2018-08-3104893556ns5:RetainedEarningsAccumulatedLosses2017-08-3104893556ns5:NetGoodwill2017-09-012018-08-3104893556ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-09-012018-08-3104893556ns5:LeaseholdImprovements2017-09-012018-08-3104893556ns5:PlantMachinery2017-09-012018-08-3104893556ns5:FurnitureFittings2017-09-012018-08-3104893556ns5:MotorVehicles2017-09-012018-08-3104893556ns5:ComputerEquipment2017-09-012018-08-3104893556ns5:NetGoodwill2017-08-3104893556ns5:IntangibleAssetsOtherThanGoodwill2017-08-3104893556ns5:IntangibleAssetsOtherThanGoodwill2017-09-012018-08-3104893556ns5:NetGoodwill2018-08-3104893556ns5:IntangibleAssetsOtherThanGoodwill2018-08-3104893556ns5:NetGoodwill2017-08-3104893556ns5:IntangibleAssetsOtherThanGoodwill2017-08-3104893556ns5:PlantMachinery2017-08-3104893556ns5:PlantMachinery2018-08-3104893556ns5:PlantMachinery2017-08-3104893556ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-3104893556ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-3104893556ns5:Secured2018-08-3104893556ns5:Secured2017-08-3104893556ns10:Director112017-08-3104893556ns10:Director112016-08-3104893556ns10:Director112017-09-012018-08-3104893556ns10:Director112016-09-012017-08-3104893556ns10:Director112018-08-3104893556ns10:Director112017-08-31


REGISTERED NUMBER: 04893556 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

A & P SEDMAN LIMITED

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & P SEDMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2018







DIRECTORS: Mr A Sedman
Mrs S A Sedman





REGISTERED OFFICE: 13 Yorkersgate
Malton
North Yorkshire
YO17 7AA





BUSINESS ADDRESS: Unit 4
Showfield Lane
Malton
North Yorkshire
YO17 6BT





REGISTERED NUMBER: 04893556 (England and Wales)





ACCOUNTANTS: Townsend Harrison Limited
13 Yorkersgate
Malton
North Yorkshire
YO17 7AA

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 39,393 47,245
Tangible assets 6 5,551 6,475
44,944 53,720

CURRENT ASSETS
Stocks 11,750 11,750
Debtors 7 62,515 59,834
Cash at bank 20,684 18,934
94,949 90,518
CREDITORS
Amounts falling due within one year 8 102,429 85,091
NET CURRENT (LIABILITIES)/ASSETS (7,480 ) 5,427
TOTAL ASSETS LESS CURRENT LIABILITIES 37,464 59,147

CREDITORS
Amounts falling due after more than one year 9 (25,000 ) (45,000 )

PROVISIONS FOR LIABILITIES (1,055 ) (1,230 )
NET ASSETS 11,409 12,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,309 12,817
SHAREHOLDERS' FUNDS 11,409 12,917

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 January 2019 and were signed on its behalf by:




Mr A Sedman - Director



Mrs S A Sedman - Director


A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018

1. STATUTORY INFORMATION

A & P Sedman Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Company's personalised vehicle number plate
The company's personalised vehicle number plate has been capitalised and is being amortised evenly over its estimated
useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 30% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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.

Revenue recognition
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in
exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to
consideration, which represents amounts chargeable to customers.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 6 ) .

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2018

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2017
and 31 August 2018 156,793 250 157,043
AMORTISATION
At 1 September 2017 109,760 38 109,798
Charge for year 7,840 12 7,852
At 31 August 2018 117,600 50 117,650
NET BOOK VALUE
At 31 August 2018 39,193 200 39,393
At 31 August 2017 47,033 212 47,245

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2017 69,780
Additions 862
At 31 August 2018 70,642
DEPRECIATION
At 1 September 2017 63,305
Charge for year 1,786
At 31 August 2018 65,091
NET BOOK VALUE
At 31 August 2018 5,551
At 31 August 2017 6,475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 56,542 53,990
Other debtors 5,973 5,844
62,515 59,834

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 7,622 3,859
Trade creditors 33,155 40,468
Taxation and social security 25,566 19,047
Other creditors 36,086 21,717
102,429 85,091

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 25,000 45,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 7,622 3,859

The company's bankers have fixed and floating charges over the undertaking and all assets present and future.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2018 and 31 August 2017:

2018 2017
£    £   
Mr A Sedman and Mrs S A Sedman
Balance outstanding at start of year (62,495 ) (43,945 )
Amounts advanced 44,805 41,450
Amounts repaid (40,000 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57,690 ) (62,495 )

The above loan is unsecured and the directors have agreed that £25,000 (2017: £45,000) of the loan will not be
requested for repayment within the next twelve months.

The above loan incurs interest at 4% per annum on a daily basis whilst it is overdrawn. The loan is interest free whilst in
credit.

During this year and the previous year the loan was never overdrawn.

A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2018

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2017 - £60,000) were paid to the directors .