SRI FORENSICS LTD - Filleted accounts

Registered number

05273371

SRI FORENSICS LTD

Filleted Accounts

31 October 2017

SRI FORENSICS LTD
Registered number:		05273371
Balance Sheet
as at 31 October 2017

Notes			2017			2016
£				£
Fixed assets
Intangible assets	2		700			1,500

Current assets
Debtors	4	-			16,676
Cash at bank and in hand		21,757			8,292
		21,757			24,968

Creditors: amounts falling due within one year	5	(13,389)			(17,603)

Net current assets			8,368			7,365

Net assets			9,068			8,865

Capital and reserves
Called up share capital			102			102
Profit and loss account			8,966			8,763

Shareholders' funds			9,068			8,865

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Evans
Director
Approved by the board on 24 December 2018

SRI FORENSICS LTD
Notes to the Accounts
for the year ended 31 October 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 November 2016				34,000
	At 31 October 2017				34,000

	Amortisation
	At 1 November 2016				32,500
	Provided during the year				800
	At 31 October 2017				33,300

	Net book value
	At 31 October 2017				700
	At 31 October 2016				1,500

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2016				44,022
	At 31 October 2017				44,022

	Depreciation
	At 1 November 2016				44,022
	At 31 October 2017				44,022

	Net book value
	At 31 October 2017				-


4	Debtors		2017		2016
£				£

	Trade debtors		-		13,038
	Other debtors		-		3,638
			-		16,676


5	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		1,047		6,129
	Taxation and social security costs		3,226		29
	Other creditors		9,116		11,445
			13,389		17,603


6	Other information

	SRI FORENSICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	651a Mauldeth Road West
	Chorlton
	Manchester
	M21 7SA

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