Sectordub Ltd - Accounts to registrar (filleted) - small 18.2
Sectordub Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| FOR |
| SECTORDUB LTD |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 September 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SECTORDUB LTD |
| COMPANY INFORMATION |
| for the year ended 30 September 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| BALANCE SHEET |
| 30 September 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 September 2018 |
| 1. | STATUTORY INFORMATION |
| Sectordub Limited is a private company, limited by shares, registered in England and Wales. The company's |
| registered number, registered office address and business address can be found on the Company Information |
| page. |
| The presentational currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| Preparation of the financial statements requires management to make significant judgements and estimates and |
| these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates |
| are recognised in the period in which the estimate is revised if the revision affects only that period, or in the |
| period of the revision and future periods if the revision affects both current and future periods. |
| The items in the financial statements where these judgements and estimates have been made include the useful |
| economic life of tangible fixed assets, the depreciation of these assets, provisions and recoverability of debtors. |
| Turnover |
| Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. |
| Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on |
| account in excess of the relevant amount of revenue are included in creditors. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and |
| accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating |
| as intended by management. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life: |
| Fixtures and fittings | - | 25% on reducing balance |
| Computer equipment | - | 33% on cost |
| Impairment policy |
| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is |
| any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable |
| amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not |
| possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the |
| cash-generating unit to which the asset belongs. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
| the entity after deducting all of its financial liabilities. |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 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. |
| Going concern |
| The director has a reasonable expectation that the company has adequate resources to continue in existence for |
| the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its |
| financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2017 |
| Additions |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 728 | 926 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2017 |
| Accelerated capital allowances | (198 | ) |
| Balance at 30 September 2018 |
| SECTORDUB LTD (REGISTERED NUMBER: 10377622) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2018 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 10 | 10 |