Sarmatia Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10850129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 JULY 2017 TO 31 JULY 2018

FOR

SARMATIA CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Sexton

Mrs A S Sexton

REGISTERED OFFICE:

Maltravers House

Petters Way

Yeovil

Somerset

BA20 1SH

REGISTERED NUMBER:

10850129 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co

Chartered Accountants

St Margarets

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Tangible assets

4

2,295

CURRENT ASSETS

Cash at bank

58,594

CREDITORS

Amounts falling due within one year

5

58,653

NET CURRENT LIABILITIES

(59

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,236

PROVISIONS FOR LIABILITIES

440

NET ASSETS

1,796

CAPITAL AND RESERVES

Called up share capital

6

4

Retained earnings

7

1,792

SHAREHOLDERS' FUNDS

1,796

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 3 April 2019 and were signed on its behalf by:

A W Sexton - Director

1.	STATUTORY INFORMATION

Sarmatia Consulting 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 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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

80

2,979

3,059

At 31 July 2018

80

2,979

3,059

DEPRECIATION

Charge for period

20

744

764

At 31 July 2018

20

744

764

NET BOOK VALUE

At 31 July 2018

60

2,235

2,295

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Corporation tax

4,855

Directors loan

41,878

Other creditors

10,000

Accruals and deferred income

1,920

58,653

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2

A Ordinary

£1

2

4

7.

RESERVES

Retained

earnings

£

Profit for the period

20,792

Dividends

(19,000

)

At 31 July 2018

1,792

8.	RELATED PARTY DISCLOSURES

During the period, total dividends of £9,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.