Salespage Technologies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03408350 (England and Wales)

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2021 TO 30 NOVEMBER 2021

FOR

SALESPAGE TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

PJ Olohan

S Olohan

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

REGISTERED NUMBER:

03408350 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

CURRENT ASSETS

Debtors

6

600

1,122

Cash at bank

-

55,961

600

57,083

CREDITORS

Amounts falling due within one year

7

-

8,585

NET CURRENT ASSETS

600

48,498

TOTAL ASSETS LESS CURRENT LIABILITIES

600

48,498

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

-

47,898

SHAREHOLDERS' FUNDS

600

48,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2021 and were signed on its behalf by:

PJ Olohan - Director

S Olohan - Director

1.	STATUTORY INFORMATION

Salespage Technologies Limited 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.

In the light of the COVID-19 pandemic, the directors have concluded that the company is and remains a going concern based on the current and expected business forecast.

Turnover

Under the Company's standard maintenance agreements no right of refund is available to the customer in the event of termination. Turnover is therefore recognised on support and maintenance contracts at the commencement of the contract.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Covid-19 related government support

Where the company has received grants or other Government support in connection with COVID-19, these have been accounted as follows :

Government Assistance loans are recognised and accounted as other commercial loans. Where material, grants paid by Government to lenders for fees or first years interest are recognised as other income along with the related costs.

Government or Local Authority grants are recognised in the period in which they are received.

Coronavirus Job Retention Scheme Grants are recognised in the period to which they relate.

Rent or Rates holidays are accounted in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

28,010

Disposals

(28,010

)

At 30 November 2021

-

AMORTISATION

At 1 January 2021

28,010

Eliminated on disposal

(28,010

)

At 30 November 2021

-

NET BOOK VALUE

At 30 November 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2021

86,681

41,199

127,880

Disposals

(127,880

)

-

(127,880

)

At 30 November 2021

(41,199

)

41,199

-

DEPRECIATION

At 1 January 2021

86,681

41,199

127,880

Eliminated on disposal

(127,880

)

-

(127,880

)

At 30 November 2021

(41,199

)

41,199

-

NET BOOK VALUE

At 30 November 2021

-

-

-

At 31 December 2020

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

600

1,122

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

6,529

Other creditors

-

2,056

-

8,585

8.	RELATED PARTY DISCLOSURES

During the year the company paid rent for its premises of £4,500 (2020: £0) each to Mr P Olohan and Mrs S Olohan.

9.	CONTROLLING PARTY

The controlling party is Mr P J Olohan and Mrs S Olohan.