Sable Leigh Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07007876 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Sable Leigh Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ian George Walters

REGISTERED OFFICE:

5th Floor

21 Bennetts Hill

Birmingham

West Midlands

B2 5QP

REGISTERED NUMBER:

07007876 (England and Wales)

ACCOUNTANTS:

Sterling Financial Accountancy and Tax Limited

The Old Bank Chambers

27 Lincoln Croft

Shenstone

Staffordshire

WS14 0ND

FIXED ASSETS

Tangible assets

2

13,639

7,692

CURRENT ASSETS

Debtors

324,852

114,050

Prepayments and accrued income

17,244

16,454

Cash at bank and in hand

25,885

81,463

367,981

211,967

CREDITORS

Amounts falling due within one year

269,228

156,941

NET CURRENT ASSETS

98,753

55,026

TOTAL ASSETS LESS CURRENT LIABILITIES

112,392

62,718

CREDITORS

Amounts falling due after more than one year

-

(1,244

)

ACCRUALS AND DEFERRED INCOME

(2,427

)

(9,234

)

NET ASSETS

109,965

52,240

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

109,865

52,140

SHAREHOLDERS' FUNDS

109,965

52,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 January 2015 and were signed by:

Ian George Walters - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Employer financed retirement benefit schemes (efrbs)

During the preceding year the Company resolved to establish an employer financed retirement benefit scheme for

the benefit of its officers, employees and their wider families, The Sable Leigh Consultancy Limited 2012

EFRBS ("the Scheme").

The Directors considered that a constructive obligation existed as at 30 September 2012 as a result of the

resolution made at a meeting of the Directors. It was therefore considered that an accrual should be recognised

in the preceding accounts of £150,000.00 on the basis that as at 30 September 2012 the Company had a present

constructive obligation as a result of a past event, that the Directors believed that a transfer of economic benefits

would be required to settle the obligation, and that an accurate estimate could be made of the amount of the

obligation. On 22 November 2012 the Company established the Scheme.

During the current accounts period, the Company made contributions of £150,200.00 in total under the Scheme.

By virtue of the accrual made in the preceding accounting period, the charge to the profit and loss account is the

sum of £200 being the total contribution in excess of the accrual made in the current accounting period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

9,200

Additions

12,534

Disposals

(4,529

)

At 30 September 2014

17,205

DEPRECIATION

At 1 October 2013

1,508

Charge for year

2,366

Eliminated on disposal

(308

)

At 30 September 2014

3,566

NET BOOK VALUE

At 30 September 2014

13,639

At 30 September 2013

7,692

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

ORDINARY

£1

100

100