SEARLECREST LIMITED

SEARLECREST LIMITED

SEARLECREST LIMITED - Company Information

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SEARLECREST LIMITED

Company Registration Number:
01611833 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2021

Period of accounts

Start date: 01 August 2020

End date: 31 July 2021

SEARLECREST LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2021

Balance sheet
Notes

SEARLECREST LIMITED

Balance sheet

As at 31 July 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors: 3 56,610 58,912
Cash at bank and in hand: 493 2,207
Investments:   0 0
Total current assets: 57,103 61,119
Creditors: amounts falling due within one year: 4 (6,330) (3,393)
Net current assets (liabilities): 50,773 57,726
Total assets less current liabilities: 50,773 57,726
Creditors: amounts falling due after more than one year: 5 (47,222) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 3,551 57,726
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 3,451 57,626
Shareholders funds: 3,551 57,726

The notes form part of these financial statements

SEARLECREST LIMITED

Balance sheet statements

For the year ending 31 July 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 28 April 2022
and signed on behalf of the board by:

Name: Marc Robin Howard
Status: Director

The notes form part of these financial statements

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognitionRevenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods and services is recognised when they are supplied and legal title has passed.

Other accounting policies

TaxationTaxation represents the sum of tax currently payable. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

2. Employees

2021 2020
Average number of employees during the period 2 2

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

3. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

4. Creditors: amounts falling due within one year note

Bank loan £2778Loans from directors £2639Other creditors £913

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

5. Creditors: amounts falling due after more than one year note

Bank loan £47222The bank loan outstanding at the reporting date includes instalments due after more than 5 years of £25,000.

SEARLECREST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

6. Loans to directors

Name of director receiving advance or credit: Mr M R and Mrs A Howard
Description of the loan: To fund personal expenditure
£
Balance at 01 August 2020 0
Advances or credits made: 51,969
Advances or credits repaid: 51,969
Balance at 31 July 2021 0

The loans are unsecured, repayable on demand and interest has been charged at the official rate amounting to £738.