Select Visa Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09278961 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

SELECT VISA SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A Tomaszek

C K Braine

REGISTERED OFFICE:

Clifton Arcade

Boyce's Avenue

Bristol

BS8 4AA

REGISTERED NUMBER:

09278961 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

567

1,976

CURRENT ASSETS

Debtors

5

24,865

22,628

Cash at bank and in hand

17,932

2,203

42,797

24,831

CREDITORS

Amounts falling due within one year

6

23,509

26,166

NET CURRENT ASSETS/(LIABILITIES)

19,288

(1,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,855

641

PROVISIONS FOR LIABILITIES

108

-

NET ASSETS

19,747

641

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

8

19,735

629

SHAREHOLDERS' FUNDS

19,747

641

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 and authorised for issue on 27 July 2020 and were signed on its behalf by:

Ms A Tomaszek - Director

1.	STATUTORY INFORMATION

Select Visa Services 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.

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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2018

and 31 October 2019

1,308

5,579

6,887

DEPRECIATION

At 1 November 2018

640

4,271

4,911

Charge for year

101

1,308

1,409

At 31 October 2019

741

5,579

6,320

NET BOOK VALUE

At 31 October 2019

567

-

567

At 31 October 2018

668

1,308

1,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

24,865

22,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

4,675

8,958

Taxation and social security

17,098

10,643

Other creditors

1,736

6,565

23,509

26,166

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.19

31.10.18

£

£

Bank loans

4,675

8,958

South West Investment Group (Capital) Limited have a fixed and floating charge over the

assets of the company.

8.

RESERVES

Retained

earnings

£

At 1 November 2018

629

Profit for the year

53,106

Dividends

(34,000

)

At 31 October 2019

19,735

9.	RELATED PARTY DISCLOSURES

The Directors maintain an interest free loan to the company. At the year end the company owed

the directors £486 (2018 £3171).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.