Sarah Horne Botanicals Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10618707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 FEBRUARY 2017 TO 31 MARCH 2018

FOR

SARAH HORNE BOTANICALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Horne

Ms E L Perry

Mr S W Richards

SECRETARY:

Mrs S L Horne

REGISTERED OFFICE:

Jennifer House

86 Warwick Street

Leamington Spa

CV32 4QG

REGISTERED NUMBER:

10618707 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

7,616

Tangible assets

5

1,600

9,216

CURRENT ASSETS

Stocks

18,034

Debtors

6

7,439

Cash at bank

2,910

28,383

CREDITORS

Amounts falling due within one year

7

4,408

NET CURRENT ASSETS

23,975

TOTAL ASSETS LESS CURRENT LIABILITIES

33,191

CAPITAL AND RESERVES

Called up share capital

1,198

Share premium

49,802

Retained earnings

(17,809

)

SHAREHOLDERS' FUNDS

33,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 November 2018 and were signed on its behalf by:

Mrs S L Horne - Director

1.	STATUTORY INFORMATION

Sarah Horne Botanicals Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

8,462

At 31 March 2018

8,462

AMORTISATION

Charge for period

846

At 31 March 2018

846

NET BOOK VALUE

At 31 March 2018

7,616

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,000

At 31 March 2018

2,000

DEPRECIATION

Charge for period

400

At 31 March 2018

400

NET BOOK VALUE

At 31 March 2018

1,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,427

Other debtors

5,012

7,439

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

3,052

Other creditors

1,356

4,408

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S L Horne.