Sergio Construct Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 11067519 (England and Wales)

Unaudited Financial Statements

for the Period 16 November 2017 to 30 November 2018

for

Sergio Construct Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Spoiala

REGISTERED OFFICE:

181a Kenton Road

Harrow

Middlesex

HA3 0EY

BUSINESS ADDRESS:

38 Dale Aveneue

Edgware

Middlesex

HA8 6AE

REGISTERED NUMBER:

11067519 (England and Wales)

ACCOUNTANTS:

Avi Group Accountants

181A Kenton Lane

Harrow

Middlesex

HA3 0EY

CURRENT ASSETS

Debtors

4

9,545

Cash at bank and in hand

1,500

11,045

CREDITORS

Amounts falling due within one year

5

4,650

NET CURRENT ASSETS

6,395

TOTAL ASSETS LESS CURRENT LIABILITIES

6,395

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

6,295

SHAREHOLDERS' FUNDS

8

6,395

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

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

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.

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 director on 2 April 2019 and were signed by:

S Spoiala - Director

1.	STATUTORY INFORMATION

Sergio Construct Ltd 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.

Taxation

Taxation for the period 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

period 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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction

price, unless the arrangement constitutes a financing transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method, less

any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial

institutions, and other short-term highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known amounts of cash

with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans

from related parties, are initially recognised at transaction price, unless the arrangement

constitutes a financing transaction, where the debt instrument is measured at the present value

of the future payments discounted at a market rate of interest. Such instruments are

subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

9,545

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

3,822

Directors' current accounts

378

Accrued expenses

450

4,650

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1.00

100

7.

RESERVES

Retained

earnings

£

Profit for the period

16,295

Dividends

(10,000

)

At 30 November 2018

6,295

8.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

£

Profit for the financial period

16,295

Dividends

(10,000

)

6,295

Opening share capital

100

Net addition to shareholders' funds

6,395

Opening shareholders' funds

-

Closing shareholders' funds

6,395

Equity interests

6,395