Sandbach Economic Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10862780 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

SANDBACH ECONOMIC CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J F V Sandbach

R A C Sandbach

Registered office:

Sakura

Upper Basildon

Reading

Berkshire

RG8 8LU

Registered number:

10862780 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Sterling House

19/23 High Street

Kidlington

Oxfordshire

OX5 2DH

Fixed assets

Tangible assets

4

990

1,552

Current assets

Debtors

5

6,480

17,320

Cash at bank and in hand

106,451

39,235

112,931

56,555

Creditors

Amounts falling due within one year

6

22,188

13,056

Net current assets

90,743

43,499

Total assets less current liabilities

91,733

45,051

Provisions for liabilities

188

295

Net assets

91,545

44,756

Capital and reserves

Called up share capital

7

8

8

Retained earnings

91,537

44,748

Shareholders' funds

91,545

44,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 10 April 2019 and were signed on its behalf by:

J F V Sandbach - Director

1.	Statutory information

The financial statements are presented in Sterling, which is the functional currency of the company, rounded

to the nearest £1.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

at varying rates on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and have

identified no material uncertainties that may cast a significant doubt on the ability of the company to continue

as a going concern for the foreseeable future.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2018

1,894

Additions

(203

)

At 31 March 2019

1,691

Depreciation

At 1 April 2018

342

Charge for year

359

At 31 March 2019

701

Net book value

At 31 March 2019

990

At 31 March 2018

1,552

5.

Debtors: amounts falling due within one year

31/3/19

31/3/18

£

£

Trade debtors

6,480

17,320

6.

Creditors: amounts falling due within one year

31/3/19

31/3/18

£

£

Taxation and social security

19,905

10,204

Other creditors

2,283

2,852

22,188

13,056

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/19

31/3/18

value:

£

£

8

Ordinary

£1

8

8