The Social Economist Ltd
The Social Economist Ltd
Registered number: 07815012
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 October 2017
Beach Accountants Limited
Chartered Certified Accountants
13 Beach Road
South Shields
Tyne & Wear
NE33 2QA
The Social Economist Ltd
Director's Report and Unaudited Financial Statements
For The Year Ended 31 October 2017
Director's Report and Unaudited Financial Statements
Contents | |
Page | |
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Company Information | 1 |
Director's Report | 2 |
Accountant's Report | 3 |
Dormant Profit and Loss Account Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
The Social Economist Ltd
Company Information
For The Year Ended 31 October 2017
Company Information
Director |
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Company Number |
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Registered Office | Unit R9 |
Seawinnings Way | |
South Shields | |
Tyne and Wear | |
NE33 3PE | |
Accountants |
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Chartered Certified Accountants | |
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South Shields | |
Tyne & Wear | |
NE33 2QA | |
Page 1
The Social Economist Ltd
Company No. 07815012
Director's Report For The Year Ended 31 October 2017
Director's Report
The director presents her report and the financial statements for the year ended 31 October 2017 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
The Social Economist Ltd
Accountant's Report
For The Year Ended 31 October 2017
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of The Social Economist Ltd For The Year Ended 31 October 2017
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Social Economist Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of The Social Economist Ltd , as a body, in accordance with the terms of our engagement letter dated 01/08/2017. Our work has been undertaken solely to prepare for your approval the accounts of The Social Economist Ltd and state those matters that we have agreed to state to the director of The Social Economist Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Social Economist Ltd and its director as a body for our work or for this report.
It is your duty to ensure that The Social Economist Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Social Economist Ltd . You consider that The Social Economist Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Social Economist Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Certified Accountants
13 Beach Road
South Shields
Tyne & Wear
NE33 2QA
Page 3
The Social Economist Ltd
Dormant Profit and Loss Account Statement
For The Year Ended 31 October 2017
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
The Social Economist Ltd
Balance Sheet
As at
31 October 2017
Balance Sheet
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 2 |
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SHAREHOLDERS' FUNDS | 2 | 2 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on page 6 form part of these financial statements.
Page 5
The Social Economist Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
3.
General Information
The Social Economist Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07815012 . The registered office is Unit R9, Seawinnings Way, South Shields, Tyne and Wear, NE33 3PE.
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