Salvus Assoc Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02850435 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Salvus Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Goodyer

J E Goodyer

SECRETARY:

Mrs S E Goodyer

REGISTERED OFFICE:

Avalon

School Lane

Warmingham

Sandbach

Cheshire

CW11 3QN

REGISTERED NUMBER:

02850435 (England and Wales)

ACCOUNTANTS:

CJ O'Brien and Co

Bate Mill Farmhouse

Bate Mill Lane

Chelford

Macclesfield

Cheshire

SK11 9BW

FIXED ASSETS

Tangible assets

4

1,378

1,654

CURRENT ASSETS

Debtors

5

32,785

37,728

Cash at bank

16,135

29,870

48,920

67,598

CREDITORS

Amounts falling due within one year

6

22,297

21,809

NET CURRENT ASSETS

26,623

45,789

TOTAL ASSETS LESS CURRENT LIABILITIES

28,001

47,443

PROVISIONS FOR LIABILITIES

262

314

NET ASSETS

27,739

47,129

CAPITAL AND RESERVES

Called up share capital

284

284

Retained earnings

27,455

46,845

SHAREHOLDERS' FUNDS

27,739

47,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 28 July 2019 and were signed on its behalf by:

J E Goodyer - Director

1.	STATUTORY INFORMATION

Salvus Associates 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value, net of value added tax and discounts, of health and safety

consultancy work provided to customers.

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 etc

-

33% on reducing balance and 15% on reducing balance

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2017

and 31 October 2018

1,808

15,068

16,876

DEPRECIATION

At 1 November 2017

1,808

13,414

15,222

Charge for year

-

276

276

At 31 October 2018

1,808

13,690

15,498

NET BOOK VALUE

At 31 October 2018

-

1,378

1,378

At 31 October 2017

-

1,654

1,654

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

6,778

12,274

Other debtors

26,007

25,454

32,785

37,728

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Bank loans and overdrafts

30

30

Trade creditors

9,285

8,103

Taxation and social security

5,205

9,876

Other creditors

7,777

3,800

22,297

21,809

7.	RELATED PARTY DISCLOSURES

On 31 October 2018 a director of Salvus Associates Ltd owed the company £17,039 on

which interest at the official rate was charged by the company to the director. This was

repaid in full by the director to the company within nine months of the year-end.

On 31 October 2018 the company owed a director of Salvus Associates Ltd £2,442 and this

amount is repayable on demand and no interest has been charged by the director to the

company.