Salespage Technologies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03408350 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SALESPAGE TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

PJ Olohan

S Olohan

SECRETARY:

Craig Associates Ltd

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

REGISTERED NUMBER:

03408350 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,062

2,469

1,062

2,469

CURRENT ASSETS

Debtors

6

1,926

4,163

Cash at bank

199,308

367,100

201,234

371,263

CREDITORS

Amounts falling due within one year

7

4,481

21,562

NET CURRENT ASSETS

196,753

349,701

TOTAL ASSETS LESS CURRENT LIABILITIES

197,815

352,170

PROVISIONS FOR LIABILITIES

280

377

NET ASSETS

197,535

351,793

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

196,935

351,193

SHAREHOLDERS' FUNDS

197,535

351,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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 17 September 2019 and were signed on its behalf by:

PJ Olohan - Director

S Olohan - Director

1.	STATUTORY INFORMATION

Salespage Technologies 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.

Turnover

Under the Company's standard maintenance agreements no right of refund is available to the customer in the

event of termination. Turnover is therefore recognised on support and maintenance contracts at the

commencement of the contract.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

and 31 December 2018

28,010

AMORTISATION

At 1 January 2018

and 31 December 2018

28,010

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2018

83,148

41,199

124,347

Additions

1,328

-

1,328

At 31 December 2018

84,476

41,199

125,675

DEPRECIATION

At 1 January 2018

81,098

40,780

121,878

Charge for year

2,316

419

2,735

At 31 December 2018

83,414

41,199

124,613

NET BOOK VALUE

At 31 December 2018

1,062

-

1,062

At 31 December 2017

2,050

419

2,469

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,926

4,163

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,187

1,998

Taxation and social security

205

17,826

Other creditors

2,089

1,738

4,481

21,562

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the directors .

During the year the company paid rent for its premises of £6,000 (2017: £6,000) each to Mr P Olohan and Mrs

S Olohan.

9.	CONTROLLING PARTY

The controlling party is Mr P J Olohan and Mrs S Olohan.