Slater Sedimentology Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10512554 (England and Wales)

SLATER SEDIMENTOLOGY LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T H A Slater Esq

Mrs P Alexander

SECRETARY:

Mrs P Alexander

REGISTERED OFFICE:

First Floor Suite

23 Trinity Square

LLANDUDNO

Conwy

LL30 2RH

REGISTERED NUMBER:

10512554 (England and Wales)

ACCOUNTANTS:

Hawley and Company

Chartered Accountants & Chartered Tax Advisers

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

FIXED ASSETS

Tangible assets

4

728

307

CURRENT ASSETS

Debtors

5

487

2,762

Cash at bank and in hand

20,234

34,297

20,721

37,059

CREDITORS

Amounts falling due within one year

6

14,703

24,850

NET CURRENT ASSETS

6,018

12,209

TOTAL ASSETS LESS CURRENT LIABILITIES

6,746

12,516

PROVISIONS FOR LIABILITIES

7

138

58

NET ASSETS

6,608

12,458

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

6,607

12,457

SHAREHOLDERS' FUNDS

6,608

12,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors and authorised for issue on 7 November 2020 and were signed on its behalf by:

T H A Slater Esq - Director

1.	STATUTORY INFORMATION

Slater Sedimentology 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.

Revenue recognition

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.

Computer equipment

-

33% 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.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost

using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of

discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad

and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term

highly liquid investments with original maturities of three months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised

cost using the effective interest method unless the effect of discounting would be immaterial, in which case they

are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

713

Additions

779

At 31 December 2019

1,492

DEPRECIATION

At 1 January 2019

406

Charge for year

358

At 31 December 2019

764

NET BOOK VALUE

At 31 December 2019

728

At 31 December 2018

307

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

2,762

Other debtors

487

-

487

2,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

-

5,608

Directors' current accounts

13,623

18,342

Accruals

1,080

900

14,703

24,850

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

138

58

Deferred

tax

£

Balance at 1 January 2019

58

Accelerated capital allowances

80

Balance at 31 December 2019

138

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1p

1

1