SHCL Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05828900 (England and Wales)

SHCL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Sarah Helena Christina Laville

Registered office:

16 St. Catherines Close

Bath

BA2 6BS

Registered number:

05828900 (England and Wales)

Current assets

Debtors

4

2,942

6,420

Cash at bank

6,560

18,074

9,502

24,494

Creditors

Amounts falling due within one year

5

9,501

24,493

Net current assets

1

Total assets less current liabilities

1

Capital and reserves

Called up share capital

6

1

Shareholders' funds

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 6 July 2018 and were signed by:

Sarah Helena Christina Laville - Director

1.	Statutory information

SHCL 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 represents amounts receivable for services net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 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.

Pension costs and other post-retirement benefits

The company contributes to individual employees' personal pension plans held separately from the company.

Contributions payable are charged to the profit and loss account in the year they are payable.

Critical accounting judgements and estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can

have a significant effect upon the financial statements. However due to the straight forward nature of the

Company's business, management does not believe that there are any judgements that have a significant risk of

causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will,

by definition, seldom equal the related actual results. However due to the straight forward nature of the

Company's business, management does not believe that there are any estimates and assumptions that have a

significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next

financial year.

Going concern

The director has a reasonable expectation that the Company has adequate resources to continue in operational

existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts

upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going

concern basis of accounting in preparing these financial statements.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, and cash and bank balances, are initially

recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from

suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If

not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year

or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is

discharged, cancelled or expires.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.

Debtors: amounts falling due within one year

2018

2017

£

Trade debtors

2,942

1,800

Other debtors

-

4,620

2,942

6,420

5.

Creditors: amounts falling due within one year

2018

2017

£

Trade creditors

1

-

Tax

155

15,955

VAT

1,538

8,058

Other creditors

7,327

-

Accrued expenses

480

9,501

24,493

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

1

Ordinary shares

£1

1

7.

Reserves

Retained

earnings

£

Profit for the year

792

Dividends

(792

)

At 31 May 2018

-

8.	Ultimate controlling party

The controlling party is Sarah Helena Christina Laville.

SHCL Limited - Accounts to registrar (filleted) - small 18.2

SHCL Limited - Accounts to registrar (filleted) - small 18.2