Margaret Sheehy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05388281 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MARGARET SHEEHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr M Sheehy

REGISTERED OFFICE:

12 Croft Road

Hastings

East Sussex

TN34 3HJ

REGISTERED NUMBER:

05388281 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

3

1,304

1,629

CURRENT ASSETS

Debtors

4

8,890

7,630

Cash in hand

-

450

8,890

8,080

CREDITORS

Amounts falling due within one year

5

41,053

36,099

NET CURRENT LIABILITIES

(32,163

)

(28,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,859

)

(26,390

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(30,861

)

(26,392

)

SHAREHOLDERS' FUNDS

(30,859

)

(26,390

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 13 December 2019 and were signed by:

Dr M Sheehy - Director

1.	STATUTORY INFORMATION

Margaret Sheehy 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2018

and 31 March 2019

8,582

Depreciation

At 1 April 2018

6,953

Charge for year

325

At 31 March 2019

7,278

Net book value

At 31 March 2019

1,304

At 31 March 2018

1,629

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,523

Other debtors

8,890

6,107

8,890

7,630

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

23,892

18,984

Trade creditors

-

1,552

Amounts owed to associates

1,094

-

Directors' current accounts

15,275

14,783

Accruals and deferred income

792

780

41,053

36,099

6.	ULTIMATE CONTROLLING PARTY

The director has ultimate control of the company.