Shaler Enterprises Limited Small abridged accounts
Shaler Enterprises Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
06702335
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Abridged Financial Statements |
Year ended 31 October 2017
Contents |
Page |
Director's report |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
3 |
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Director's Report |
Year ended 31 October 2017
The director presents his report and the unaudited abridged financial statements of the company for the year ended
31 October 2017
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
19 July 2018
and signed on behalf of the board by:
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Director |
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Registered office: |
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Creditors: amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
(
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(
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Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
19 July 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06702335
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Notes to the Abridged Financial Statements |
Year ended 31 October 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office A, Derwentside Business Centre, Consett Business Park, Villa Real, Consett, Co Durham, DH8 6BP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 November 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Related party transactions
No transactions with related parties were undertaken such as are required
5.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 November 2015.
No transitional adjustments were required in equity or profit or loss for the year.