SDS O&M Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08949510

SDS O&M Limited

Filleted Unaudited Financial Statements

30 September 2018

SDS O&M Limited

Financial Statements

Year ended 30 September 2018

Contents	Page

Balance sheet	1

Notes to the financial statements	2

SDS O&M Limited

Balance Sheet

30 September 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	5	22,877	19,949
Cash at bank and in hand		1,043	77
		--------	--------
		23,920	20,026

Creditors: amounts falling due within one year	6	20,963		18,550
		--------		--------
Net current assets			2,957	1,476
			-------	-------
Total assets less current liabilities			2,957	1,476
			-------	-------
Net assets			2,957	1,476
			-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	2,956	1,475
	-------	-------
Shareholders funds	2,957	1,476
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 June 2019 , and are signed on behalf of the board by:

Mr M Coleman
Director

Company registration number: 08949510

SDS O&M Limited

Notes to the Financial Statements

Year ended 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Staff numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Debtors

	2018	2017
	£	£
Trade debtors	6,768	2,446
Other debtors	16,109	17,503
	--------	--------
	22,877	19,949
	--------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	1,050	1,050
Corporation tax	371	357
Social security and other taxes	13,383	11,047
Other creditors	6,159	6,096
	--------	--------
	20,963	18,550
	--------	--------

7. Related party transactions

Information about related party transactions and outstanding balances is outlined below: Other related parties: - due to common directorships

	2018	2017
	£	£
Sales to related companies	4,721	1,878
	-------	-------
Purchases from related companies	6,110	156
	-------	----