East Sussex Assignments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10048819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8 MARCH 2016 TO 31 MARCH 2017

FOR

EAST SUSSEX ASSIGNMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C Humbert

Mr A J Meredith

SECRETARY:

Mr A J Meredith

REGISTERED OFFICE:

Ockham Works Dagg Lane

Ewhurst Green

Robertsbridge

East Sussex

TN32 5RD

REGISTERED NUMBER:

10048819 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Uckfield) LLP

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

CURRENT ASSETS

Debtors

3

10,502

Cash at bank

30,215

40,717

CREDITORS

Amounts falling due within one year

4

37,250

NET CURRENT ASSETS

3,467

TOTAL ASSETS LESS CURRENT LIABILITIES

3,467

CAPITAL AND RESERVES

Called up share capital

5

10

Retained earnings

6

3,457

SHAREHOLDERS' FUNDS

3,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 December 2017 and were signed on its behalf by:

Mr A J Meredith - Director

1.	STATUTORY INFORMATION

East Sussex Assignments 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 presentation currency of the financial statements is Sterling (£), rounded to the nearest whole Pound.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of training apprentice butchers.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain

critical accounting estimates. lt also requires management to exercise judgement in applying the company's

accounting policies.

The following principal accounting policies have been applied.

ACCOUNTING ESTIMATES AND JUDGEMENTS

In preparing the financial statements, the directors are required to make estimates and judgements about the

carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis

and are based on historical experience and other factors that are considered by the directors to be relevant.

Revision to accounting estimates are recognised in the period in which the estimate is revised.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

FINANCIAL INSTRUMENT

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when

there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net

basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction

price including transaction costs and are subsequently carried at amortised cost using the effective interest

method unless the arrangement constitutes a financing transaction, where the transaction is measured at the

present value of the future receipts discounted at a market rate of interest. Financial assets classified as

receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets

of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are initially

recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt

instrument is measured at the present value of the future payment is discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year

or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at

transaction price and subsequently measured at amortised cost using the effective interest method.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,447

Prepayments and accrued income

55

10,502

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

6,455

Tax

3,364

Other creditors

2,747

Directors' current accounts

23,724

Accrued expenses

960

37,250

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

ordinary

£1

10

6.

RESERVES

Retained

earnings

£

Profit for the period

13,457

Dividends

(10,000

)

At 31 March 2017

3,457

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £10,000 were paid to the directors .

At the balance sheet date company owed £23,724 to its directors.

8.	CONTROLLING PARTY

The company is jointly controlled by Ms C Humbert and Mr A J Meredith by virtue of their equal shareholding

of 50% each.