|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
SLCC ENTERPRISES LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
SLCC ENTERPRISES LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
|
|
|
|
SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
SLCC ENTERPRISES LIMITED |
|
COMPANY INFORMATION |
for the Year Ended 31 DECEMBER 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
College House |
St. Leonards Close |
Bridgnorth |
Shropshire |
WV16 4EJ |
SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481) |
|
BALANCE SHEET |
31 DECEMBER 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings |
|
|
SHAREHOLDER FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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 Board of Directors on
behalf by: |
|
|
|
|
|
|
|
SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2018 |
|
1. | STATUTORY INFORMATION |
|
SLCC Enterprises Limited is a
|
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 |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable on the sale of goods |
and provision of services, excluding discounts, rebates, value added tax and other sales taxes. |
|
For the sale of of goods, revenue is recognised when all the following conditions are satisfied: |
- |
the entity has transferred to the buyer the significant risks and rewards of ownership of the
goods; |
- |
the entity retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold; |
- | the amount of revenue can be measured reliably; |
- | it is probable that the economic benefits associated with the transaction will flow to the entity; and |
- | the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
|
For the provision of services, revenue is recognised when all the following conditions are satisfied: |
- | the amount of revenue can be measured reliably; |
- | it is probable that the economic benefits associated with the transaction will flow to the entity; |
- |
the stage of completion of the transaction at the end of the reporting period can be measured
reliably; and |
- |
the costs incurred for the transaction and the costs to complete the transaction can be measured
reliably. |
|
Tangible fixed assets |
|
Conference equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after |
making due allowance for obsolete and slowing moving items. Cost is determined using First In First |
Out methodology. |
|
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. |
|
SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2018 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Conference |
equipment |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
|
DEPRECIATION |
At 1 January 2018 |
|
Charge for year |
|
At 31 December 2018 |
|
NET BOOK VALUE |
At 31 December 2018 |
|
At 31 December 2017 |
|
|
5. | STOCKS |
2018 | 2017 |
£ | £ |
Conference consumables |
|
|
Publications stock |
|
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
Tax |
|
|
VAT |
|
|
Prepayments |
|
|
|
|
SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2018 |
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Corporation tax |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
8. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
Ordinary share capital | £1 | 10,000 | 10,000 |
|
10. | RELATED PARTY DISCLOSURES |
|
During the year the company was recharged administrative expenses of £209,901 (2017: £198,186) |
by its parent undertaking. At the year end, the company was owed £45,357 to (2017: owed £34,805 |
by) its parent undertaking. |
|
During the year, the company awarded a grant of £30,000 (2017: £45,000) to an entity which is a |
counterpart to a common service and grant agreement. At the year end, the company owed £30,000 |
(2017: £45,000) to an entity which is a counterpart to a common service and grant agreement. |