S.A. Acc'y Limited
Statement of financial position
as at 31 October 2017
Tangible assets
312,399
238,666
Cash at bank and in hand
-
9,159
Creditors: amounts falling due within one year
(67,539)
(67,606)
Net current liabilities
(17,230)
(4,268)
Total assets less current liabilities
295,169
234,398
Creditors: amounts falling due after more than one year
(231,068)
(163,773)
Provisions for liabilities
Deferred tax
(5,008)
(3,988)
Called up share capital
100
100
Profit and loss account
58,993
66,537
Shareholders' funds
59,093
66,637
For the year ending 31 October 2017 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.
Approved by the Board on 12 July 2018.
G A Berry
Director
Company Registration No. 04923587
S.A. Acc'y Limited
Notes to the Accounts
for the year ended 31 October 2017
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, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
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.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 2016
199,045
19,821
29,167
69,258
317,291
Additions
82,500
-
290
2,489
85,279
Disposals
-
(19,821)
-
-
(19,821)
At 31 October 2017
281,545
-
29,457
71,747
382,749
At 1 November 2016
-
13,550
23,391
41,684
78,625
Charge for the year
-
-
1,517
3,758
5,275
On disposals
-
(13,550)
-
-
(13,550)
At 31 October 2017
-
-
24,908
45,442
70,350
At 31 October 2017
281,545
-
4,549
26,305
312,399
At 31 October 2016
199,045
6,271
5,776
27,574
238,666
S.A. Acc'y Limited
Notes to the Accounts
for the year ended 31 October 2017
Trade debtors
50,210
52,219
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
30,863
11,651
Trade creditors
10,241
8,112
Taxes and social security
11,701
27,503
Other creditors
7,946
20,340
Loans from directors
6,788
-
7
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
88,990
88,990
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
