Company Registration No. 09783444 (England and Wales)
STEPHEN M.S.LAI & CO. CPA LIMITED
Unaudited accounts
for the year ended 30 September 2019
STEPHEN M.S.LAI & CO. CPA LIMITED
Unaudited accounts
Contents
STEPHEN M.S.LAI & CO. CPA LIMITED
Company Information
for the year ended 30 September 2019
Company Number
09783444 (England and Wales)
Registered Office
Titan Storage Solutions
Orchard Business Park
Forsyth Road
GU21 5SB
ENGLAND
Accountants
MMR & CO Chartered Certified Accountant
57 Cheetham Hill Road
Manchester
M4 4FS
STEPHEN M.S.LAI & CO. CPA LIMITED
Statement of financial position
as at 30 September 2019
Tangible assets
2,677
3,813
Cash at bank and in hand
395,040
238,971
Creditors: amounts falling due within one year
(305,916)
(263,418)
Net current assets/(liabilities)
98,678
(21,429)
Net assets/(liabilities)
101,355
(17,616)
Called up share capital
1
1
Profit and loss account
101,354
(17,617)
Shareholders' funds
101,355
(17,616)
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 October 2019.
Mr Man Shing Lai
Director
Company Registration No. 09783444
STEPHEN M.S.LAI & CO. CPA LIMITED
Notes to the Accounts
for the year ended 30 September 2019
STEPHEN M.S.LAI & CO. CPA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09783444. The registered office is Titan Storage Solutions, Orchard Business Park, Forsyth Road, GU21 5SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2018
2,023
2,926
4,949
At 30 September 2019
2,023
2,926
4,949
At 1 October 2018
405
731
1,136
Charge for the year
405
731
1,136
At 30 September 2019
810
1,462
2,272
At 30 September 2019
1,213
1,464
2,677
At 30 September 2018
1,618
2,195
3,813
STEPHEN M.S.LAI & CO. CPA LIMITED
Notes to the Accounts
for the year ended 30 September 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
44,969
3,643
Other creditors
2,598
2,874
Loans from directors
258,349
255,265
Loans from director represent loan from Mr Man Shing Lai of £200,000.
Mr Man Shing Lai transferred the loan amount of £200,000 on 03 November 2017.
7
Average number of employees
During the year the average number of employees was 2 (2018: 2).
