Company Registration No. 6995838 (England and Wales)
S L SERVICES (SOUTHERN) LTD
Unaudited accounts
for the year ended 31 December 2017
S L SERVICES (SOUTHERN) LTD
Unaudited accounts
Contents
S L SERVICES (SOUTHERN) LTD
Company Information
for the year ended 31 December 2017
Company Number
6995838 (England and Wales)
Registered Office
25 ST. LEONARDS ROAD
HORSHAM
WEST SUSSEX
RH13 6EH
Accountants
Allan Willmott
Bramley
Farthings Hill
Horsham
West Sussex
RH12 1TS
S L SERVICES (SOUTHERN) LTD
Statement of financial position
as at 31 December 2017
Tangible assets
40,993
6,697
Cash at bank and in hand
23,426
19,545
Creditors: amounts falling due within one year
(87,363)
(44,792)
Net current assets
402
11,745
Total assets less current liabilities
41,395
18,442
Creditors: amounts falling due after more than one year
(36,112)
(12,330)
Called up share capital
1
1
Profit and loss account
5,282
6,111
Shareholders' funds
5,283
6,112
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 September 2018.
Stuart Laughton
Director
Company Registration No. 6995838
S L SERVICES (SOUTHERN) LTD
Notes to the Accounts
for the year ended 31 December 2017
S L SERVICES (SOUTHERN) LTD is a private company, limited by shares, registered in England and Wales, registration number 6995838. The registered office is 25 ST. LEONARDS ROAD, HORSHAM, WEST SUSSEX, RH13 6EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax of a material amount is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
S L SERVICES (SOUTHERN) LTD
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2017
-
-
9,745
9,745
Additions
34,151
805
5,000
39,956
Disposals
-
-
(4,250)
(4,250)
At 31 December 2017
34,151
805
10,495
45,451
At 1 January 2017
-
-
3,048
3,048
Charge for the year
-
161
2,099
2,260
On disposals
-
-
(850)
(850)
At 31 December 2017
-
161
4,297
4,458
At 31 December 2017
34,151
644
6,198
40,993
At 31 December 2016
-
-
6,697
6,697
Trade debtors
59,316
12,523
Accrued income and prepayments
4,523
4,546
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
11,551
4,447
Trade creditors
44,059
32,662
Taxes and social security
8,548
2,435
Other creditors
(672)
(672)
Loans from directors
22,317
4,520
8
Creditors: amounts falling due after more than one year
2017
2016
S L SERVICES (SOUTHERN) LTD
Notes to the Accounts
for the year ended 31 December 2017
9
Transactions with related parties
Stuart Laughton, the sole director and shareholder, received Dividends of £36,000 (2016 £20,000) during the course of the year.
10
Average number of employees
During the year the average number of employees was 1 (2016: 1).
