Company Registration No. 07737587 (England and Wales)
Sabal Health and Pharma Ltd
Unaudited accounts
for the year ended 31 December 2019
Sabal Health and Pharma Ltd
Unaudited accounts
Contents
Sabal Health and Pharma Ltd
Company Information
for the year ended 31 December 2019
Directors
T W Goodey
J R Heslin
S R Williams
Company Number
07737587 (England and Wales)
Registered Office
Spa House
69 Southend Road
Hockley
Essex
SS5 4PZ
England
Sabal Health and Pharma Ltd
Statement of financial position
as at 31 December 2019
Tangible assets
1,707
1,190
Inventories
437,446
333,272
Debtors
1,015,411
1,219,800
Cash at bank and in hand
447,068
422,476
Creditors: amounts falling due within one year
(1,174,981)
(1,351,152)
Net current assets
724,944
624,396
Net assets
726,651
625,586
Called up share capital
20,000
20,000
Profit and loss account
706,651
605,586
Shareholders' funds
726,651
625,586
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 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 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 of Directors and authorised for issue on 30 September 2020 and were signed on its behalf by
T W Goodey
Director
Company Registration No. 07737587
Sabal Health and Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2019
Sabal Health and Pharma Ltd is a private company, limited by shares, registered in England and Wales, registration number 07737587. The registered office is Spa House, 69 Southend Road, Hockley, Essex, SS5 4PZ, England.
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 represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets policy
Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life:
Plant & machinery
33% on Cost
Stocks and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Hire Purchase & Leasing Commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Sabal Health and Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2019
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Finished goods
437,446
333,272
Trade debtors
923,200
1,211,238
Accrued income and prepayments
6,067
6,437
Sabal Health and Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2019
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
971,087
1,112,005
Taxes and social security
41,899
75,060
Other creditors
142,537
151,716
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000
20,000
10
Operating lease commitments
2019
2018
At 31 December 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
-
13,011
At the balance sheet date the company owed A J Williams £34,000 in respect of his directors loan account. Interest ispayable at 5% per annum on the outstanding balance.
The company is controlled by S Williams by virtue of her shareholding.
13
Average number of employees
During the year the average number of employees was 7 (2018: 7).
