Company Registration No. 05988785 (England and Wales)
Fairfield Company Secretaries Limited
Unaudited accounts
for the year ended 31 December 2019
Fairfield Company Secretaries Limited
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
150,435
231,949
Creditors: amounts falling due within one year
(78,702)
(112,574)
Net current assets
179,965
156,903
Net assets
179,965
156,903
Called up share capital
1
1
Profit and loss account
179,964
156,902
Shareholders' funds
179,965
156,903
For the year ending 31 December 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 her 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.
The financial statements were approved by the Board and authorised for issue on 18 September 2020 and were signed on its behalf by
Mrs L Austin
Director
Company Registration No. 05988785
Fairfield Company Secretaries Limited
Notes to the Accounts
for the year ended 31 December 2019
Fairfield Company Secretaries Limited is a private company, limited by shares, registered in England and Wales, registration number 05988785. The registered office is The Maltings, Hyde Hall Farm, Sandon, Herts, SG9 0RU.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Trade debtors
88,232
37,528
Fairfield Company Secretaries Limited
Notes to the Accounts
for the year ended 31 December 2019
5
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
78,702
81,921
6
Average number of employees
During the year the average number of employees was 10 (2018: 10).
