SL Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10875416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2020

for

SL Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Cotterill

S J Cotterill

REGISTERED OFFICE:

19 Warren Park Way

Enderby

Leicester

LE19 4SA

REGISTERED NUMBER:

10875416 (England and Wales)

ACCOUNTANTS:

Carter & Co

19 Warren Park Way

Enderby

Leicester

LE19 4SA

FIXED ASSETS

Tangible assets

4

1,122

1,929

CURRENT ASSETS

Debtors

5

15,191

59,231

Cash at bank

25,704

14,983

40,895

74,214

CREDITORS

Amounts falling due within one year

6

23,923

27,059

NET CURRENT ASSETS

16,972

47,155

TOTAL ASSETS LESS CURRENT LIABILITIES

18,094

49,084

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

17,994

48,984

SHAREHOLDERS' FUNDS

18,094

49,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 11 October 2021 and were signed on its behalf by:

S J Cotterill - Director

Mrs L Cotterill - Director

1.	STATUTORY INFORMATION

SL Consultancy 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

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.

Plant and machinery etc

-

33% on cost

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.

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 year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2019

and 31 July 2020

3,082

DEPRECIATION

At 1 August 2019

1,153

Charge for year

807

At 31 July 2020

1,960

NET BOOK VALUE

At 31 July 2020

1,122

At 31 July 2019

1,929

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade debtors

-

45,256

Other debtors

15,175

13,975

Prepayments

16

-

15,191

59,231

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade creditors

90

1,447

Tax

18,569

13,530

Social security and other taxes

85

37

VAT

1,008

7,996

Directors' current accounts

3,421

2,149

Accrued expenses

750

1,900

23,923

27,059

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

100

Ordinary

£1.00

100

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £49,000 (2019 - £25,000) were paid to the directors .