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

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

SFAM LIMITED - Company Information

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REGISTERED NUMBER: 08430525 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2018

for

SFAM Limited
SFAM Limited (Registered number: 08430525)






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


SFAM Limited

Company Information
for the Year Ended 30 September 2018







DIRECTORS: J Stewart
D Arman
K Arman





REGISTERED OFFICE: 18 Church Lane
Northaw
Potters Bar
Herts
EN6 4NX





REGISTERED NUMBER: 08430525 (England and Wales)





ACCOUNTANTS: Hans Accounting Ltd
Chartered Certified Accountants
Buckingham House East
Buckingham Parade
Stanmore
Middlesex
HA7 4EB
Page 1
SFAM Limited (Registered number: 08430525)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 350,000 1,050,000
Tangible assets 5 2,720 2,538
352,720 1,052,538

CURRENT ASSETS
Debtors 6 39,388 206,318
Cash at bank 270,857 243,074
310,245 449,392
CREDITORS
Amounts falling due within one year 7 64,626 353,955
NET CURRENT ASSETS 245,619 95,437
TOTAL ASSETS LESS CURRENT
LIABILITIES
598,339
1,147,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 598,239 1,147,875
SHAREHOLDERS' FUNDS 598,339 1,147,975

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

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

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.

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 Board of Directors on 18 March 2019 and were signed on its behalf by:





J Stewart - Director


The notes form part of these financial statements

Page 2
SFAM Limited (Registered number: 08430525)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

SFAM 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 Straight line over 21 months

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

Page 3 continued...
SFAM Limited (Registered number: 08430525)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2017
and 30 September 2018 3,500,000
AMORTISATION
At 1 October 2017 2,450,000
Charge for year 700,000
At 30 September 2018 3,150,000
NET BOOK VALUE
At 30 September 2018 350,000
At 30 September 2017 1,050,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017 10,307
Additions 3,405
Disposals (1,600 )
At 30 September 2018 12,112
DEPRECIATION
At 1 October 2017 7,769
Charge for year 2,816
Eliminated on disposal (1,193 )
At 30 September 2018 9,392
NET BOOK VALUE
At 30 September 2018 2,720
At 30 September 2017 2,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Other debtors 39,388 206,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Taxation and social security 29,552 20,119
Other creditors 35,074 333,836
64,626 353,955

Page 4 continued...
SFAM Limited (Registered number: 08430525)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £105,000 were paid to the directors .

During the year the company received £363,000 (2017:£380,501) from Kaupthing Singer & Friedlander Limited,
a company in which Mr J Stewart is a director.

During the year the company received £120,000 (2017:£30,000) from 21NS Investments Limited, a company in
which Mr J Stewart and Mr D Arman are directors.

Page 5