Sector Forensics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03729038 (England and Wales)

Abridged Financial Statements for the Year Ended 31 August 2021

for

Sector Forensics Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M S Scott

SECRETARY:

Mrs D Jones

REGISTERED OFFICE:

137 The Old Bank House

Anerley Road

Anerley

London

SE20 8EF

REGISTERED NUMBER:

03729038 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

45,580

51,768

CURRENT ASSETS

Debtors

13,949

3,171

Cash at bank

18

11,982

13,967

15,153

CREDITORS

Amounts falling due within one year

50,836

33,833

NET CURRENT LIABILITIES

(36,869

)

(18,680

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,711

33,088

PROVISIONS FOR LIABILITIES

8,274

9,365

NET ASSETS

437

23,723

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

435

23,721

SHAREHOLDERS' FUNDS

437

23,723

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 January 2022 and were signed by:

M S Scott - Director

1.	STATUTORY INFORMATION

Sector Forensics 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.

The director considers that the going concern basis of preparation to be appropriate ,on the basis that the company has continued to obtain new contracts and has the continued support of its director.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

205,879

Additions

1,541

At 31 August 2021

207,420

DEPRECIATION

At 1 September 2020

154,111

Charge for year

7,729

At 31 August 2021

161,840

NET BOOK VALUE

At 31 August 2021

45,580

At 31 August 2020

51,768

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £6,894 was owed to the company by the director (2020 - £15 owed by the company to the director). The sum of £6,894 was the maximum amount owing by the director during the year . No interest has been paid or accrued on this sum . The sum has been fully repaid post year end.