E Sinclair Performance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07248855 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

E Sinclair Performance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E Sinclair

SECRETARY:

REGISTERED OFFICE:

Sunny Nook

Barhatch Road

Cranleigh

Surrey

GU6 7DJ

REGISTERED NUMBER:

07248855 (England and Wales)

ACCOUNTANTS:

Richard Symonds FCA FCCA

Symonds & Co Chartered Accountants

Sunny Nook

Barhatch Road

Cranleigh

Surrey

GU6 7DJ

FIXED ASSETS

Tangible assets

4

648

864

CURRENT ASSETS

Debtors

5

6,542

287

Cash at bank

64,597

33,524

71,139

33,811

CREDITORS

Amounts falling due within one year

6

39,016

20,181

NET CURRENT ASSETS

32,123

13,630

TOTAL ASSETS LESS CURRENT LIABILITIES

32,771

14,494

CREDITORS

Amounts falling due after more than one year

7

21,000

-

NET ASSETS

11,771

14,494

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,671

14,394

SHAREHOLDERS' FUNDS

11,771

14,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 July 2021 and were signed by:

E Sinclair - Director

1.	STATUTORY INFORMATION

E Sinclair Performance 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.

Turnover

Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit and loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2020

and 31 March 2021

4,944

DEPRECIATION

At 1 April 2020

4,080

Charge for year

216

At 31 March 2021

4,296

NET BOOK VALUE

At 31 March 2021

648

At 31 March 2020

864

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

6,542

287

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

50

28

Tax

8,858

10,150

Social security and other taxes

-

(271

)

Other creditors

964

88

Directors' loan accounts

29,144

1,186

Accruals and deferred income

-

9,000

39,016

20,181

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 1-2 years

4,200

-

Bank loans - 2-5 years

16,800

-

21,000

-

8.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the director £29,144 (2020 £1,186). This amount has been included within creditors on the balance sheet.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is E Sinclair.