Sydney Hart Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03665323 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2017 to 31 March 2018

for

Sydney Hart Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D S C Hart

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

03665323 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

3,620

Tangible assets

4

477

CURRENT ASSETS

51,503

Stocks

-

586,263

Debtors

5

192,317

86,727

Cash at bank

124,054

724,493

316,371

CREDITORS

522,330

Amounts falling due within one year

6

133,158

202,163

NET CURRENT ASSETS

183,213

205,783

TOTAL ASSETS LESS CURRENT LIABILITIES

183,690

553

PROVISIONS FOR LIABILITIES

91

205,230

NET ASSETS

183,599

CAPITAL AND RESERVES

1,002

Called up share capital

1,002

204,228

Retained earnings

182,597

205,230

183,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 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 director on 5 April 2018 and were signed by:

D S C Hart - Director

1.	STATUTORY INFORMATION

Sydney Hart 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 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.

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

-

50% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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 period was 2 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

102,642

Disposals

(63,609

)

At 31 March 2018

39,033

DEPRECIATION

At 1 January 2017

99,022

Charge for period

3,143

Eliminated on disposal

(63,609

)

At 31 March 2018

38,556

NET BOOK VALUE

At 31 March 2018

477

At 31 December 2016

3,620

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.12.16

£

£

Trade debtors

-

363,468

Amounts owed by group undertakings

190,758

210,502

Other debtors

1,559

12,293

192,317

586,263

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.12.16

£

£

Trade creditors

3,229

347,638

Taxation and social security

68

4,694

Other creditors

129,861

169,998

133,158

522,330

7.	POST BALANCE SHEET EVENTS

During the period the company ceased to trade. At the present time the director is planning to wind up the

company in the coming year.