Registration number:
Sarah Thompson Accountancy Limited
for the Period from 19 October 2016 to 31 October 2017
Sarah Thompson Accountancy Limited
Contents
Statement of financial position |
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Notes to the Financial Statements |
Sarah Thompson Accountancy Limited
(Registration number: 10436561)
Statement of financial position as at 31 October 2017
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2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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For the financial period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.
Approved and authorised by the
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Mrs S Thompson
Director
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Sarah Thompson Accountancy Limited
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements for the year ended 31 October 2017 comply with FRS 102 Section 1A for small entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its expected useful life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
20% Straight line |
Financial instruments
Classification
Page 2 |
Sarah Thompson Accountancy Limited
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 31 October 2017 |
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Depreciation |
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Charge for the |
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At 31 October 2017 |
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Carrying amount |
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At 31 October 2017 |
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Debtors |
2017 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2017 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Page 3 |
Sarah Thompson Accountancy Limited
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
Related party transactions |
Transactions with directors |
2017 |
Advances to directors |
At 31 October 2017 |
Mrs S Thompson |
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Advances to Director |
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