SX Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02969520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

SX CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Hodgson

SECRETARY:

Mrs S Hodgson

REGISTERED OFFICE:

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

02969520 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

481

643

CURRENT ASSETS

Debtors

5

310

403

Cash at bank

-

334

310

737

CREDITORS

Amounts falling due within one year

6

3,273

1,959

NET CURRENT LIABILITIES

(2,963

)

(1,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,482

)

(579

)

PROVISIONS FOR LIABILITIES

-

120

NET LIABILITIES

(2,482

)

(699

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(2,582

)

(799

)

SHAREHOLDERS' FUNDS

(2,482

)

(699

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue on 23 June 2020 and were signed by:

K Hodgson - Director

1.	STATUTORY INFORMATION

SX Consultancy 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

The company's turnover represents the value, excluding Value Added Tax, of services supplied to customers during

the year.

Tangible fixed assets

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

Fixtures and fittings

-

25% per annum on reducing balance

Computer equipment

-

25% per annum 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange

ruling at the date of transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange

ruling at the balance sheet date.

Consolidation

The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken

advantage of the exemption provided by the Companies Act 2006 not to prepare group financial accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2018

and 30 September 2019

3,224

500

3,724

DEPRECIATION

At 1 October 2018

3,071

10

3,081

Charge for year

39

123

162

At 30 September 2019

3,110

133

3,243

NET BOOK VALUE

At 30 September 2019

114

367

481

At 30 September 2018

153

490

643

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

310

403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

1,413

-

Trade creditors

-

98

Amounts owed to group undertakings

221

221

Other creditors

1,639

1,640

3,273

1,959

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 October 2018

(799

)

Deficit for the year

(1,783

)

At 30 September 2019

(2,582

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Mr K Hodgson £640 (2018 £640).

10.	PARENT UNDERTAKINGS

11.	GOING CONCERN

These accounts have been prepared on a going concern basis.

The company has the full financial support of the director.