Sulphate Solutions (2003) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04939565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Sulphate Solutions (2003) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J S Hewett

Mrs. D J Hewett

REGISTERED OFFICE:

Balmer Cottage, Balmer

Welshampton

Ellesmere

Shropshire

SY12 0PP

REGISTERED NUMBER:

04939565 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

CURRENT ASSETS

Debtors

4

269,043

208,963

Cash at bank

14,457

19,904

283,500

228,867

CREDITORS

Amounts falling due within one year

5

72,578

66,609

NET CURRENT ASSETS

210,922

162,258

TOTAL ASSETS LESS CURRENT LIABILITIES

210,922

162,258

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6

210,920

162,256

210,922

162,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 August 2019 and were signed on its behalf by:

J S Hewett - Director

1.	STATUTORY INFORMATION

Sulphate Solutions (2003) 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 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

Revenue 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

18,000

917

Other debtors

251,043

208,046

269,043

208,963

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

54,838

42,109

Taxation and social security

12,735

17,810

Other creditors

5,005

6,690

72,578

66,609

6.

RESERVES

Retained

earnings

£

At 1 December 2017

162,256

Profit for the year

48,664

At 30 November 2018

210,920

7.	RELATED PARTY DISCLOSURES

During the year the company sold goods and services to Sulphate Solutions LLP, a company under

common control to the value of £Nil (2017 - £Nil). At the balance sheet date there was a balance due

from Sulphate Solutions LLP of £38,584 (2017 - £38,584).

During the year the company also loaned money to Sulphate Solutions LLP of £15,000 (2017 - £35,000).

At the balance sheet date the amount owing by Sulphate Solutions LLP was £211,166 (2017 - £165,335).

No interest is payable on this loan.