REGISTERED NUMBER: 05520239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

STORER-SMITH EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Smith

Mrs L Smith

SECRETARY:

R S Smith

REGISTERED OFFICE:

Spath Farmhouse

Ashbourne Road

Spath

Uttoxeter

Staffordshire

ST14 5AP

REGISTERED NUMBER:

05520239 (England and Wales)

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

North Lodge

Hawkesyard

Armitage Lane

Rugeley

Staffordshire

WS15 1PS

FIXED ASSETS

Tangible assets

4

70,554

59,499

CURRENT ASSETS

Debtors

5

84,832

101,219

Cash in hand

-

40

84,832

101,259

CREDITORS

Amounts falling due within one year

6

114,513

127,235

NET CURRENT LIABILITIES

(29,681

)

(25,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,873

33,523

CREDITORS

Amounts falling due after more than one year

7

(28,558

)

(24,360

)

PROVISIONS FOR LIABILITIES

9

(9,224

)

(6,073

)

NET ASSETS

3,091

3,090

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

3,081

3,080

SHAREHOLDERS' FUNDS

3,091

3,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2018 and were signed on its behalf by:

R S Smith - Director

1.	STATUTORY INFORMATION

Storer-Smith Events 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer Equipment

-

33% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

20,058

153,839

43,144

3,326

220,367

Additions

-

18,500

-

495

18,995

At 31 March 2018

20,058

172,339

43,144

3,821

239,362

DEPRECIATION

At 1 April 2017

3,009

119,577

35,539

2,743

160,868

Charge for year

3,008

962

3,368

602

7,940

At 31 March 2018

6,017

120,539

38,907

3,345

168,808

NET BOOK VALUE

At 31 March 2018

14,041

51,800

4,237

476

70,554

At 31 March 2017

17,049

34,262

7,605

583

59,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

18,222

30,814

RSS & LF Farm Account

60,711

61,803

S419 Tax

5,899

5,899

Prepayments

-

2,703

84,832

101,219

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

18,782

12,309

Hire purchase contracts

6,083

2,683

Trade creditors

26,141

44,124

Tax

7,916

11,376

Social security and other taxes

485

51

Wages control

-

1,271

VAT

2,182

4,387

Other creditors

364

-

Directors' current accounts

51,282

47,204

Accrued expenses

1,278

3,830

114,513

127,235

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans - 1-2 years

5,019

5,019

Bank loans - 2-5 years

7,177

12,188

Hire purchase contracts

16,362

7,153

28,558

24,360

8.	SECURED DEBTS

Natwest Bank have a charge over the assets of the business.

9.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

9,224

6,073

Deferred

tax

£

Balance at 1 April 2017

6,073

Provided during year

3,151

Balance at 31 March 2018

9,224

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

10

Ordinary

1

10

10

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

Mr and Mrs Smith own the company by virtue of jointly holding the full issued share capital.

13.	WORKING CAPITAL DEFICIT

Although the company has net current liabilities it is able to meet its debts as they fall due. The director is

confident that this position will be reversed in the forthcoming year.