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REGISTERED NUMBER: 03744873 (England and Wales)















Financial Statements for the Year Ended 31 October 2019

for

School Supplies Service Ltd

School Supplies Service Ltd (Registered number: 03744873)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


School Supplies Service Ltd

Company Information
for the Year Ended 31 October 2019







DIRECTOR: G L Bottomley



SECRETARY: G L Bottomley



REGISTERED OFFICE: Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB



BUSINESS ADDRESS: The Mount
Racecourse Road
Oswestry
Shropshire
SY10 7PH



REGISTERED NUMBER: 03744873 (England and Wales)



ACCOUNTANTS: Hamiltons Group Limited
Chartered Certified Accountants
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB



BANKERS: Lloyds Bank Plc
City Office Branch
PO Box 72
Bailey Drive
Gillingham Business Park
Kent
ME8 0LS

School Supplies Service Ltd (Registered number: 03744873)

Statement of Financial Position
31 October 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,583 2,876

CURRENT ASSETS
Debtors 5 88,433 32,193
Cash at bank and in hand 18,974 34,990
107,407 67,183
CREDITORS
Amounts falling due within one year 6 127,119 68,907
NET CURRENT LIABILITIES (19,712 ) (1,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,129

)

1,152

PROVISIONS FOR LIABILITIES 7 375 405
NET (LIABILITIES)/ASSETS (17,504 ) 747

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (18,504 ) (253 )
SHAREHOLDERS' FUNDS (17,504 ) 747

School Supplies Service Ltd (Registered number: 03744873)

Statement of Financial Position - continued
31 October 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 21 February 2020 and were signed by:





G L Bottomley - Director


School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

School Supplies Service 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in pound sterling which is the functional currency of the company and
rounded to the nearest £.

Turnover
Revenue 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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any
accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the
asset to the location and condition necessary for it to be capable of operating in the manner intended by
management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item
when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the
Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to
profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful
lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 25% reducing balance
Office and computer equipment - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if
appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are
recognised in the Income Statement.

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 statement of financial position date.


School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Going concern
The financial statements have been prepared on the going concern basis following assurances from related
parties of continued financial support for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2018 - 20 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures Office &
and computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2018 7,640 44,792 52,432
Additions 488 - 488
At 31 October 2019 8,128 44,792 52,920
DEPRECIATION
At 1 November 2018 7,384 42,172 49,556
Charge for year 126 655 781
At 31 October 2019 7,510 42,827 50,337
NET BOOK VALUE
At 31 October 2019 618 1,965 2,583
At 31 October 2018 256 2,620 2,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 40,535 17,992
Amounts owed by related parties 40,500 -
Other debtors 3,824 10,752
Prepayments 3,574 3,449
88,433 32,193

School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed by related parties do not bear any interest, are unsecured and are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 3,512 3,980
Amounts owed to related parties 67,735 7,202
Corporation tax - 5,899
Social security and other taxes 43,518 40,474
Other creditors 9,204 6,798
Accruals and deferred income 3,150 4,554
127,119 68,907

Amounts owed to related parties do not bear any interest, are unsecured and are repayable on demand.

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 375 405

Deferred
tax
£   
Balance at 1 November 2018 405
Movement (30 )
Balance at 31 October 2019 375

A deferred tax provision has arisen as a result of accelerated capital allowances.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
1,000 Ordinary £1 1,000 1,000