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REGISTERED NUMBER: 05860569 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2018

for

Statutory Inspections Ltd

Statutory Inspections Ltd (Registered number: 05860569)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Statutory Inspections Ltd

Company Information
for the Year Ended 30 June 2018







DIRECTORS: Mrs J A Willis
G E Willis





SECRETARY: G E Willis





REGISTERED OFFICE: Barrowhill Farm Cottage
Top Brand
Osgatthorpe
Leicestershire
LE12 9TB





REGISTERED NUMBER: 05860569 (England and Wales)





ACCOUNTANTS: Broadway Financial Services
27 Fasson Close
Tamworth
West Midlands
B77 1GJ

Statutory Inspections Ltd (Registered number: 05860569)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,379 38,352

CURRENT ASSETS
Debtors 5 183,154 110,179
Cash at bank and in hand 122,952 106,223
306,106 216,402
CREDITORS
Amounts falling due within one year 6 99,555 153,929
NET CURRENT ASSETS 206,551 62,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,930

100,825

CREDITORS
Amounts falling due after more than one
year

7

(150,548

)

(11,111

)

PROVISIONS FOR LIABILITIES (26,292 ) -
NET ASSETS 168,090 89,714

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 168,086 89,710
SHAREHOLDERS' FUNDS 168,090 89,714

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.

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 17 September 2018 and were signed on its behalf
by:



Mrs J A Willis - Director



G E Willis - Director


Statutory Inspections Ltd (Registered number: 05860569)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Statutory Inspections 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 - 12 ) .

Statutory Inspections Ltd (Registered number: 05860569)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2017 1,964 24,899 127,565 23,009 177,437
Additions 550 - 127,965 2,722 131,237
Disposals - - (22,319 ) - (22,319 )
At 30 June 2018 2,514 24,899 233,211 25,731 286,355
DEPRECIATION
At 1 July 2017 1,076 17,302 103,081 17,626 139,085
Charge for year 582 4,977 14,693 5,128 25,380
Eliminated on disposal - - (16,489 ) - (16,489 )
At 30 June 2018 1,658 22,279 101,285 22,754 147,976
NET BOOK VALUE
At 30 June 2018 856 2,620 131,926 2,977 138,379
At 30 June 2017 888 7,597 24,484 5,383 38,352

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as
follows:
Motor
vehicles
£   
COST
Additions 123,423
At 30 June 2018 123,423
DEPRECIATION
Charge for year 2,571
At 30 June 2018 2,571
NET BOOK VALUE
At 30 June 2018 120,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade debtors 173,312 106,664
Other debtors 9,842 3,515
183,154 110,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade creditors 3,169 1,273
Taxation and social security 46,471 70,598
Other creditors 49,915 82,058
99,555 153,929

Statutory Inspections Ltd (Registered number: 05860569)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.18 30.6.17
£    £   
Hire purchase contracts and finance leases 150,548 11,111

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors were owed £43,942 by the company. (2017 : £77,828)