Service Level Management Limited - Accounts to registrar (filleted) - small 18.2

Service Level Management Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02909019 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Service Level Management Limited

Service Level Management Limited (Registered number: 02909019)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Service Level Management Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr A N Percival
Mr J M Sykes





SECRETARY: Mr A Percival





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 02909019 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Service Level Management Limited (Registered number: 02909019)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,491 20,381

CURRENT ASSETS
Stocks 5 64,094 68,126
Debtors 6 343,620 379,604
Cash at bank 246,207 214,054
653,921 661,784
CREDITORS
Amounts falling due within one year 7 353,215 349,335
NET CURRENT ASSETS 300,706 312,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,197

332,830

CAPITAL AND RESERVES
Called up share capital 900 1,000
Capital redemption reserve 100 -
Retained earnings 321,197 331,830
322,197 332,830

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

The members have not required the company to obtain an audit of its financial statements for the year 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 7 December 2018 and were signed on its behalf
by:





Mr A N Percival - Director


Service Level Management Limited (Registered number: 02909019)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Service Level Management 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Service Level Management Limited (Registered number: 02909019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 22,754 47,820 43,935 114,509
Additions - - 9,037 9,037
Disposals - (47,820 ) - (47,820 )
At 31 March 2018 22,754 - 52,972 75,726
DEPRECIATION
At 1 April 2017 22,675 47,057 24,396 94,128
Charge for year 20 - 7,144 7,164
Eliminated on disposal - (47,057 ) - (47,057 )
At 31 March 2018 22,695 - 31,540 54,235
NET BOOK VALUE
At 31 March 2018 59 - 21,432 21,491
At 31 March 2017 79 763 19,539 20,381

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as
follows:
Motor
vehicles
£   
COST
At 1 April 2017 47,820
Disposals (47,820 )
At 31 March 2018 -
DEPRECIATION
At 1 April 2017 43,961
Eliminated on disposal (43,961 )
At 31 March 2018 -
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 3,859

Service Level Management Limited (Registered number: 02909019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. STOCKS
31.3.18 31.3.17
£    £   
Work-in-progress 64,094 68,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 282,320 242,159
Inter Company Loan 61,300 86,300
Directors' current accounts - 51,145
343,620 379,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 20,576 5,494
Deferred income 139,771 182,386
Tax 13,821 37,875
Social security and other taxes 73,415 13,113
VAT 78,358 84,554
Directors' current accounts 4,400 3,888
Accruals & deferred income 22,874 22,025
353,215 349,335