SL Comms (Solutions) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10375553 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

SL COMMS (SOLUTIONS) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Stephen William Johnson

Leonie Johnson

REGISTERED OFFICE:

3 Moorland Road

Drighlington

Bradford

West Yorkshire

BD11 1JY

REGISTERED NUMBER:

10375553 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Tangible assets

4

71,146

73,906

CURRENT ASSETS

Debtors

5

280,426

301,536

Cash at bank

356,178

72,081

636,604

373,617

CREDITORS

Amounts falling due within one year

6

278,577

216,338

NET CURRENT ASSETS

358,027

157,279

TOTAL ASSETS LESS CURRENT LIABILITIES

429,173

231,185

CREDITORS

Amounts falling due after more than one year

7

(12,889

)

(21,030

)

PROVISIONS FOR LIABILITIES

(3,916

)

(5,797

)

NET ASSETS

412,368

204,358

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

412,268

204,258

412,368

204,358

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2020 and were signed on its behalf by:

Stephen William Johnson - Director

1.	STATUTORY INFORMATION

SL Comms (Solutions) Ltd 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition

Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Hire purchase and leasing commitments

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

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 8 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2018

4,220

1,185

84,778

90,183

Additions

1,447

666

16,900

19,013

At 30 September 2019

5,667

1,851

101,678

109,196

DEPRECIATION

At 1 October 2018

767

178

15,332

16,277

Charge for year

735

251

20,787

21,773

At 30 September 2019

1,502

429

36,119

38,050

NET BOOK VALUE

At 30 September 2019

4,165

1,422

65,559

71,146

At 30 September 2018

3,453

1,007

69,446

73,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

204,699

246,935

Other debtors

75,727

54,601

280,426

301,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts (see note 8)

8,141

8,141

Trade creditors

103,329

94,867

Taxation and social security

157,778

87,821

Other creditors

9,329

25,509

278,577

216,338

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts (see note 8)

12,889

21,030

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2019

2018

£

£

Net obligations repayable:

Within one year

8,141

8,141

Between one and five years

12,889

21,030

21,030

29,171

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £6,413 (2018: £2,081).Contributions totalling £Nil (2018: £Nil) were payable to the plan at the year end and are included in creditors.

10.	RELATED PARTY DISCLOSURES

Mr Stephen Johnson has control over a majority of shares in the company, and together with his involvement in its day-to-day management, is deemed to be the controlling parties for the purposes of Financial Reporting Standard No.102.

Creditors falling due within one year includes the following directors' loans. Mr Stephen Johnson £4,329 (2018: £23,109).