Sandbach Economic Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10862780 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

SANDBACH ECONOMIC CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J F V Sandbach

R A C Sandbach

Registered office:

Sakura

Upper Basildon

Reading

Berkshire

RG8 8LU

Registered number:

10862780 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Sterling House

19/23 High Street

Kidlington

Oxfordshire

OX5 2DH

Fixed assets

Tangible assets

4

291

627

Current assets

Debtors

5

2,890

13,861

Cash at bank

218,980

143,239

221,870

157,100

Creditors

Amounts falling due within one year

6

26,772

18,274

Net current assets

195,098

138,826

Total assets less current liabilities

195,389

139,453

Provisions for liabilities

55

119

Net assets

195,334

139,334

Capital and reserves

Called up share capital

7

8

8

Retained earnings

195,326

139,326

Shareholders' funds

195,334

139,334

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 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 27 July 2021 and were signed on its behalf by:

J F V Sandbach - Director

1.	Statutory information

Sandbach Economic Consulting 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.

The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

at varying rates on cost

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.

Pension costs and other post-retirement benefits

Employer's contributions payable to the employee's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2020

and 31 March 2021

1,691

Depreciation

At 1 April 2020

1,064

Charge for year

336

At 31 March 2021

1,400

Net book value

At 31 March 2021

291

At 31 March 2020

627

5.

Debtors: amounts falling due within one year

31/3/21

31/3/20

£

£

Trade debtors

-

13,861

Other debtors

2,890

-

2,890

13,861

6.

Creditors: amounts falling due within one year

31/3/21

31/3/20

£

£

Taxation and social security

24,772

16,274

Other creditors

2,000

2,000

26,772

18,274

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/21

31/3/20

value:

£

£

8

Ordinary

£1

8

8