Sector Forensics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03729038 (England and Wales)

Abridged Financial Statements for the Year Ended 31 August 2018

for

Sector Forensics Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M S Scott

SECRETARY:

Mrs D Jones

REGISTERED OFFICE:

6 Twinyards Close

Sutton in Ashfield

Nottinghamshire

NG17 1LN

REGISTERED NUMBER:

03729038 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

59,307

68,096

CURRENT ASSETS

Debtors

37,067

44,238

Cash at bank

2,615

-

39,682

44,238

CREDITORS

Amounts falling due within one year

73,800

80,793

NET CURRENT LIABILITIES

(34,118

)

(36,555

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,189

31,541

PROVISIONS FOR LIABILITIES

10,567

12,083

NET ASSETS

14,622

19,458

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,620

19,456

SHAREHOLDERS' FUNDS

14,622

19,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 May 2019 and were signed by:

M S Scott - Director

1.	STATUTORY INFORMATION

Sector Forensics 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.

The director considers that the going concern basis of preparation to be appropriate ,on the basis that the company

has continued to obtain new contracts and has the continued support of its director.

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

-

15% on reducing balance

Fixtures and fittings

-

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

195,045

Additions

1,209

At 31 August 2018

196,254

DEPRECIATION

At 1 September 2017

126,949

Charge for year

9,998

At 31 August 2018

136,947

NET BOOK VALUE

At 31 August 2018

59,307

At 31 August 2017

68,096

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £3874 was owed by the company to the director (2017 - £1). The sum of £3,874

was the maximum amount owing to the director during the year . No interest has been paid or accrued on this sum .