Sea Talk Systems Limited - Accounts to registrar (filleted) - small 18.2
Sea Talk Systems Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Sea Talk Systems Limited |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Statement of Financial Position |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| 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. |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Statement of Financial Position - continued |
| 31 March 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | Statutory information |
| Sea Talk Systems Limited is a |
| Registered number: | 03398925 |
| Registered office: | 10 Bridge Street |
| Christchurch |
| Dorset |
| BH23 1EF |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents amounts receivable for the year, exclusive of Value Added Tax, in connection with the company's trade of supplying equipment to the telecommunications industry. |
| Tangible fixed assets |
| Leasehold | - |
| Plant and machinery | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Stock |
| Stock is measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures, |
| fittings |
| Plant and | and | Motor |
| Leasehold | machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 April 2019 |
| Additions |
| At 31 March 2020 |
| Depreciation |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 March 2019 |
| Sea Talk Systems Limited (Registered number: 03398925) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 5. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| Included in creditors: amounts falling due after more than one year is an amount of £190,240 (2019 - £261,580) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. |
| 8. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| Between one and five years |