REGISTERED NUMBER: 04466136 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

A & P Starkey Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P B Starkey

A D Starkey

SECRETARY:

P B Starkey

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

04466136 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Chartered Certified Accountants

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

4

30,000

37,500

Tangible assets

5

309,291

308,531

339,291

346,031

CURRENT ASSETS

Stocks

4,268

5,367

Debtors

-

3,846

Cash at bank and in hand

49,323

4,721

53,591

13,934

CREDITORS

Amounts falling due within one year

336,508

284,320

NET CURRENT LIABILITIES

(282,917

)

(270,386

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,374

75,645

PROVISIONS FOR LIABILITIES

6,065

10,731

NET ASSETS

50,309

64,914

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,307

64,912

SHAREHOLDERS' FUNDS

50,309

64,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 March 2019 and were signed on its behalf by:

P B Starkey - Director

A D Starkey - Director

1.	STATUTORY INFORMATION

A & P Starkey Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 10% on reducing balance and not provided

Stocks

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

moving items.

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 14 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

and 30 June 2018

150,000

AMORTISATION

At 1 July 2017

112,500

Amortisation for year

7,500

At 30 June 2018

120,000

NET BOOK VALUE

At 30 June 2018

30,000

At 30 June 2017

37,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

363,255

Additions

6,967

At 30 June 2018

370,222

DEPRECIATION

At 1 July 2017

54,724

Charge for year

6,207

At 30 June 2018

60,931

NET BOOK VALUE

At 30 June 2018

309,291

At 30 June 2017

308,531