SESCA Limited - Accounts to registrar (filleted) - small 18.2
SESCA Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 December 2020 |
| for |
| SESCA Limited |
| Previously known as |
| SESCA Enterprises Limited |
| SESCA Limited (Registered number: 03930836) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SESCA Limited |
| Company Information |
| for the Year Ended 31 December 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 82 High Street |
| Tenterten |
| Kent |
| TN30 6JG |
| SESCA Limited (Registered number: 03930836) |
| Balance Sheet |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on were signed on its behalf by: |
| SESCA Limited (Registered number: 03930836) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| SESCA Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover and income recognition |
| Turnover represents the net invoiced value, excluding value added tax, of services provided during the |
| year. |
| Income for deferred flexi tickets is taken to the profit and loss account when a delegate attends a booked |
| course or receives course notes in lieu of attendance. Any flexi ticket unused at its expiry date is taken to |
| the profit and loss account at that point. Flexi ticket bookings for a future accounting period are treated as |
| deferred income in note 8. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Hire purchase and 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. |
| Rental income from operating leases is recognised when receivable. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to profit or loss in the period to which they relate. |
| Expense recognition |
| The costs of the brochures and their distribution are charged to the profit and loss account in the year in |
| which the courses are held. |
| SESCA Limited (Registered number: 03930836) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| Going concern |
| The directors consider the going concern basis of accounting is appropriate because there are no material |
| uncertainties related to events or conditions that may cast significant doubt about the ability of the |
| company to continue as a going concern. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| SESCA Limited (Registered number: 03930836) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Other creditors includes deferred income of £153,406 (2019 - £177,023). This relates to flexi ticket |
| bookings for a future accounting period. |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The company has future lease commitments totalling £183,750 (2019 : £20,625) under non-cancellable |
| five year operating leases relating to the company's offices.The annual rent commitment is £40,000 from |
| 1 October 2020 but due to covid -19 the landlord held the first three quarters rent at £6,875. |
| The company has future commitments in 2021 totalling £NIL for venue hire and £235,833 for lecturer |
| fees. |
| SESCA Limited (Registered number: 03930836) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 10. | RELATED PARTY DISCLOSURES |
| South Eastern Society of Chartered Accountants Limited |
| Parent company |
| Payment of £5,000 (2019 - £5,000) relating to management charges during the year. At 31 December |
| 2020 the company owed its holding company £10,000 in respect of these fees. |
| Telford Financial Training Limited |
| A company where W Telford is the director |
| Payment of £NIL (2019 - £20,919) during the year for presenting lectures. |
| Aspiring Training Limited |
| A company where Mrs A Durrant is a director |
| Payment of £13,280 (2019 - £15,226) during the year for presenting lectures and course administration |
| support. |
| Alexandra Durrant Limited (previously Alexandra Durrant Chartered Accountants) |
| A company where Mrs A Durrant is a director |
| Payment of £1,000 (2019 - £1,000) for assistance with preparing the financial statements. |