Sawscapes Play Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10004485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 FEBRUARY 2016 TO 31 MARCH 2017

FOR

SAWSCAPES PLAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Ward

Mrs M Ward

REGISTERED OFFICE:

26 Beavers Close

Alton

Hampshire

GU34 2EF

REGISTERED NUMBER:

10004485 (England and Wales)

ACCOUNTANTS:

Fox & Co (Accountants) Ltd

Atticus House

2 The Windmills

Turk Street

Alton

Hampshire

GU34 1EF

FIXED ASSETS

Tangible assets

4

27,386

CURRENT ASSETS

Debtors

5

73,317

Cash at bank

15,687

89,004

CREDITORS

Amounts falling due within one year

6

55,261

NET CURRENT ASSETS

33,743

TOTAL ASSETS LESS CURRENT LIABILITIES

61,129

CREDITORS

Amounts falling due after more than one year

7

6,664

NET ASSETS

54,465

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

54,365

54,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 6 November 2017 and were signed on its behalf by:

S A Ward - Director

1.	STATUTORY INFORMATION

Sawscapes Play 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.

Plant and machinery etc

-

33% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11.

Financial assets that are measured at cost and amortised cost are assessed at the end of each period for objective evidence

of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. The

company has no advanced financial instruments.

Impairment of financial asset

For financial asset carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount

and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

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 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

38,976

At 31 March 2017

38,976

DEPRECIATION

Charge for period

11,590

At 31 March 2017

11,590

NET BOOK VALUE

At 31 March 2017

27,386

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

73,317

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

6,663

Trade creditors

5,246

Taxation and social security

27,540

Other creditors

15,812

55,261

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

6,664