Saxelbye Finance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05608625 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Saxelbye Finance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Webb

Mrs K Webb

REGISTERED OFFICE:

The Old Rectory

Saxelbye

Melton Mowbray

Leicestershire

LE14 3PA

REGISTERED NUMBER:

05608625 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

FIXED ASSETS

Tangible assets

4

412

487

CURRENT ASSETS

Debtors

5

154,469

113,432

Cash at bank and in hand

112

369

154,581

113,801

CREDITORS

Amounts falling due within one year

6

155,696

120,269

NET CURRENT LIABILITIES

(1,115

)

(6,468

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(703

)

(5,981

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(704

)

(5,982

)

SHAREHOLDERS' FUNDS

(703

)

(5,981

)

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 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 30 September 2019 and were signed on its behalf by:

J K Webb - Director

1.	STATUTORY INFORMATION

Saxelbye Finance 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

Turnover represents trading income accrued during the period shown by these financial

statements.

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

-

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 balance sheet date.

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

1,300

DEPRECIATION

At 1 January 2018

813

Charge for year

75

At 31 December 2018

888

NET BOOK VALUE

At 31 December 2018

412

At 31 December 2017

487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

113,222

107,232

Other debtors

41,247

6,200

154,469

113,432

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

4,867

-

Trade creditors

6,100

4,808

Taxation and social security

138,575

109,174

Other creditors

6,154

6,287

155,696

120,269

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2018 and 31 December 2017:

2018

2017

£

£

J K Webb

Balance outstanding at start of year

(215

)

-

Amounts advanced

141,898

-

Amounts repaid

(115,305

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,378

(215

)