Sullivans Associates Ltd - Accounts to registrar (filleted) - small 18.2

Sullivans Associates Ltd - Accounts to registrar (filleted) - small 18.2

SULLIVANS ASSOCIATES LTD - Company Information

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REGISTERED NUMBER: 03295874 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

SULLIVANS ASSOCIATES LTD
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SULLIVANS ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTORS: Mr D J John
Mrs P M H Teng
Mr N P Mahoney





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 03295874 (England and Wales)





Page 1
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

BALANCE SHEET
31 JULY 2019

31/7/19 31/7/18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,838 4,846
2,838 4,846

CURRENT ASSETS
Debtors 6 253,263 218,470
Cash at bank and in hand 134,655 98,572
387,918 317,042
CREDITORS
Amounts falling due within one year 7 159,237 163,192
NET CURRENT ASSETS 228,681 153,850
TOTAL ASSETS LESS CURRENT
LIABILITIES
231,519
158,696

CAPITAL AND RESERVES
Called up share capital 8 1,980 1,980
Capital redemption reserve 1,020 1,020
Retained earnings 228,519 155,696
SHAREHOLDERS' FUNDS 231,519 158,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 notes form part of these financial statements

Page 2 continued...
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

BALANCE SHEET - continued
31 JULY 2019


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 16 April 2020 and were signed on its behalf by:





Mr D J John - Director


The notes form part of these financial statements

Page 3
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019

1. STATUTORY INFORMATION

Sullivans Associates 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on reducing balance, 33% on cost and 20% 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 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 17 (2018 - 15 ) .

Page 4 continued...
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2018
and 31 July 2019 700,000
AMORTISATION
At 1 August 2018
and 31 July 2019 700,000
NET BOOK VALUE
At 31 July 2019 -
At 31 July 2018 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2018 63,459
Additions 2,107
At 31 July 2019 65,566
DEPRECIATION
At 1 August 2018 58,613
Charge for year 4,115
At 31 July 2019 62,728
NET BOOK VALUE
At 31 July 2019 2,838
At 31 July 2018 4,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/19 31/7/18
£    £   
Trade debtors 111,512 108,033
Amounts recoverable on contract 65,903 58,296
Other debtors 75,848 52,141
253,263 218,470

Page 5 continued...
SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/19 31/7/18
£    £   
Trade creditors 8,425 5,604
Taxation and social security 130,545 105,674
Other creditors 20,267 51,914
159,237 163,192

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal value per share 31/7/19 31/7/18
£ £

600 Ordinary A shares £1 600 600
600 Ordinary B shares £1 600 600
600 Ordinary C shares £1 600 600
180 Ordinary D shares £1 180 180

1980 1980

All 1980 shares ranked parri passu with each other in respect to voting rights ,dividend participation unless
otherwise agreed and participation in any distribution arising from any future winding up of the company.

Page 6