S.A. Acc'y Limited
Statement of financial position
as at 31 October 2020
Tangible assets
352,002
328,884
Cash at bank and in hand
87,273
14,287
Creditors: amounts falling due within one year
(139,187)
(99,150)
Net current assets
41,920
21,069
Total assets less current liabilities
393,922
349,953
Creditors: amounts falling due after more than one year
(218,761)
(228,639)
Provisions for liabilities
Deferred tax
(7,665)
(7,173)
Net assets
167,496
114,141
Called up share capital
100
100
Profit and loss account
167,396
114,041
Shareholders' funds
167,496
114,141
For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2021 and were signed on its behalf by
G A Berry
Director
Company Registration No. 04923587
S.A. Acc'y Limited
Notes to the Accounts
for the year ended 31 October 2020
S.A. Acc'y Limited is a private company, limited by shares, registered in England and Wales, registration number 04923587. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% per annum reducing balance
Computer equipment
12.5% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2019
281,545
28,071
29,457
76,316
415,389
Additions
21,519
-
-
11,963
33,482
At 31 October 2020
303,064
28,071
29,457
88,279
448,871
At 1 November 2019
-
7,018
26,898
52,589
86,505
Charge for the year
-
5,263
640
4,461
10,364
At 31 October 2020
-
12,281
27,538
57,050
96,869
At 31 October 2020
303,064
15,790
1,919
31,229
352,002
At 31 October 2019
281,545
21,053
2,559
23,727
328,884
S.A. Acc'y Limited
Notes to the Accounts
for the year ended 31 October 2020
Trade debtors
93,834
105,932
Total debtors
93,834
105,932
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
46,080
16,080
Taxes and social security
57,319
44,683
Other creditors
24,766
12,766
Loans from directors
11,022
25,621
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
113,909
123,787
Other creditors
104,852
104,852
8
Average number of employees
During the year the average number of employees was 9 (2019: 8).
