Sit-Stand Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08994572 (England and Wales)

Sit-Stand Trading Limited

Unaudited Financial Statements

for the Year Ended 30 April 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G G L Bradley

REGISTERED OFFICE:

Delta 606

Delta Office Park

Welton Road

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

08994572 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Tangible assets

4

4,449

2,205

CURRENT ASSETS

Stocks

5

406,153

204,221

Debtors

6

32,883

43,400

Cash at bank

15,057

23,973

454,093

271,594

CREDITORS

Amounts falling due within one year

7

(319,468

)

(244,248

)

NET CURRENT ASSETS

134,625

27,346

TOTAL ASSETS LESS CURRENT LIABILITIES

139,074

29,551

CREDITORS

Amounts falling due after more than one year

8

(70,606

)

(17,839

)

NET ASSETS

68,468

11,712

CAPITAL AND RESERVES

Called up share capital

9

25,100

25,001

Retained earnings

43,368

(13,289

)

SHAREHOLDERS' FUNDS

68,468

11,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 2 October 2018 and were signed by:

Mr G G L Bradley - Director

1.	STATUTORY INFORMATION

Sit-Stand Trading 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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2017

339

-

3,859

4,198

Additions

2,057

466

2,081

4,604

At 30 April 2018

2,396

466

5,940

8,802

DEPRECIATION

At 1 May 2017

219

-

1,774

1,993

Charge for year

597

6

1,757

2,360

At 30 April 2018

816

6

3,531

4,353

NET BOOK VALUE

At 30 April 2018

1,580

460

2,409

4,449

At 30 April 2017

120

-

2,085

2,205

5.

STOCKS

2018

2017

£

£

Stocks

406,153

204,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

7,130

Active Working Group Ltd Loan

5,000

-

VAT

10,880

-

Prepayments and accrued income

17,003

36,270

32,883

43,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

2,194

14,093

Trade creditors

198,057

135,185

Taxation and social security

23,288

32,046

Other creditors

95,929

62,924

319,468

244,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

30,932

15,957

Other creditors

39,674

1,882

70,606

17,839

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2,500,001

Ordinary

£0.01

25,100

25,001