SUSSEX EMPOWERED LIVING LTD.

SUSSEX EMPOWERED LIVING LTD. - Company Information

2019-04-012020-03-312020-03-31false08964756SUSSEX EMPOWERED LIVING 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Registered Number
08964756
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2020

SUSSEX EMPOWERED LIVING LTD.

Company Information
for the year from 1 April 2019 to 31 March 2020


Directors	HANCOCK, Nicolas


Registered Address	72 High Street
	Brighton
	BN2 1RP


Registered Number	08964756 (England and Wales)

SUSSEX EMPOWERED LIVING LTD.

Statement of Financial Position
31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets	4	5,062	4,232
Current assets
Debtors		74,330	27,304
Cash at bank and on hand		437,626	166,453
Creditors amounts falling due within one year		(89,791)	(39,120)
Net current assets (liabilities)		422,165	154,637
Total assets less current liabilities		427,227	158,869
Creditors amounts falling due after one year			(5,093)
Net assets		427,227	153,776
Capital and reserves
Called up share capital		100	2
Profit and loss account		427,127	153,774
Shareholders' funds		427,227	153,776

The company was entitled to exemption from audit for this reporting period 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2020, and are signed on its behalf by:

HANCOCK, Nicolas
Director
Registered Company No. 08964756

SUSSEX EMPOWERED LIVING LTD.

Notes to the financial statements
for the year ended 31 March 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

3.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	19		13

4.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 19	7,341
	Additions	2,185
	At 31 March 20	9,526
	Depreciation and impairment
	At 01 April 19	3,109
	Charge for year	1,355
	At 31 March 20	4,464
	Net book value
	At 31 March 20	5,062
	At 31 March 19	4,232