IRIS Accounts Production v18.2.0.360 03744873 Board of Directors 1.11.16 31.10.17 31.10.17 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 03744873 2016-10-31 03744873 2017-10-31 03744873 2016-11-01 2017-10-31 03744873 2015-10-31 03744873 2015-11-01 2016-10-31 03744873 2016-10-31 03744873 ns15:EnglandWales 2016-11-01 2017-10-31 03744873 ns14:PoundSterling 2016-11-01 2017-10-31 03744873 ns10:Director1 2016-11-01 2017-10-31 03744873 ns10:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31 03744873 ns10:SmallEntities 2016-11-01 2017-10-31 03744873 ns10:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 03744873 ns10:SmallCompaniesRegimeForDirectorsReport 2016-11-01 2017-10-31 03744873 ns10:SmallCompaniesRegimeForAccounts 2016-11-01 2017-10-31 03744873 ns10:FullAccounts 2016-11-01 2017-10-31 03744873 ns10:OrdinaryShareClass1 2016-11-01 2017-10-31 03744873 ns10:Director2 2016-11-01 2017-10-31 03744873 ns10:CompanySecretary1 2016-11-01 2017-10-31 03744873 ns10:RegisteredOffice 2016-11-01 2017-10-31 03744873 ns5:CurrentFinancialInstruments 2017-10-31 03744873 ns5:CurrentFinancialInstruments 2016-10-31 03744873 ns5:ShareCapital 2017-10-31 03744873 ns5:ShareCapital 2016-10-31 03744873 ns5:RetainedEarningsAccumulatedLosses 2017-10-31 03744873 ns5:RetainedEarningsAccumulatedLosses 2016-10-31 03744873 ns5:FurnitureFittings 2016-11-01 2017-10-31 03744873 ns5:ComputerEquipment 2016-11-01 2017-10-31 03744873 ns5:FurnitureFittings 2016-10-31 03744873 ns5:ComputerEquipment 2016-10-31 03744873 ns5:FurnitureFittings 2017-10-31 03744873 ns5:ComputerEquipment 2017-10-31 03744873 ns5:FurnitureFittings 2016-10-31 03744873 ns5:ComputerEquipment 2016-10-31 03744873 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-10-31 03744873 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2016-10-31 03744873 ns10:OrdinaryShareClass1 2017-10-31


REGISTERED NUMBER: 03744873 (England and Wales)















Financial Statements for the Year Ended 31 October 2017

for

School Supplies Service Ltd

School Supplies Service Ltd (Registered number: 03744873)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


School Supplies Service Ltd

Company Information
for the Year Ended 31 October 2017







DIRECTORS: G L Bottomley
S Meredith



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

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
School Supplies Service Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of School Supplies Service Ltd for the year ended 31 October 2017 which comprise the Income
Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of School Supplies Service Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of School Supplies Service Ltd and state those matters that we have agreed to state to the Board of Directors of School Supplies Service Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that School Supplies Service Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of School Supplies Service Ltd. You consider that School Supplies Service Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of School Supplies Service Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


16 April 2018

School Supplies Service Ltd (Registered number: 03744873)

Statement of Financial Position
31 October 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,118 2,732

CURRENT ASSETS
Debtors 5 28,186 33,730
Cash in hand 25 25
28,211 33,755
CREDITORS
Amounts falling due within one year 6 41,291 35,310
NET CURRENT LIABILITIES (13,080 ) (1,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,962

)

1,177

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (11,962 ) 177
SHAREHOLDERS' FUNDS (10,962 ) 1,177

School Supplies Service Ltd (Registered number: 03744873)

Statement of Financial Position - continued
31 October 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 16 April 2018 and were signed on its behalf by:





G L Bottomley - Director


School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements
for the Year Ended 31 October 2017

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 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.

The company has adopted FRS 102 (Section 1A) for the first time in the year ended 31 October 2017.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office & Computer equipmt - 25% on reducing balance

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.

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.

School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures Office &
and Computer
fittings equipmt Totals
£    £    £   
COST
At 1 November 2016 7,640 43,398 51,038
Additions - 80 80
At 31 October 2017 7,640 43,478 51,118
DEPRECIATION
At 1 November 2016 7,186 41,120 48,306
Charge for year 113 581 694
At 31 October 2017 7,299 41,701 49,000
NET BOOK VALUE
At 31 October 2017 341 1,777 2,118
At 31 October 2016 454 2,278 2,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 15,584 7,594
Amounts owed by related parties 3,813 22,122
Other debtors 5,348 -
Prepayments 3,441 4,014
28,186 33,730

Amounts owed by related parties are unsecured and are repayable on demand.

School Supplies Service Ltd (Registered number: 03744873)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 2,594 1,937
Trade creditors 2,378 2,070
Corporation tax - 3,582
Social security and other taxes 26,873 20,483
Other creditors 4,892 2,684
Accruals and deferred income 4,554 4,554
41,291 35,310

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. TRANSITION TO FRS

This is the first year that the company has presented its results under FRS 102 (Section 1A). The last financial
statements under the UK GAAP were for the year ended 31 October 2016. The date of transition to FRS 102
(Section 1A) was 1 November 2015.