S & S CONSULTANCY SERVICES LIMITED Filleted accounts for Companies House (small and micro)

S & S CONSULTANCY SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03958866

S & S CONSULTANCY SERVICES LIMITED

Filleted Unaudited Financial Statements

31 March 2018

S & S CONSULTANCY SERVICES LIMITED

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	6		231,974	232,195

Current assets

Debtors	7	3,814	3,763
Cash at bank and in hand		10,516	6,273
		--------	--------
		14,330	10,036

Creditors: amounts falling due within one year	8	136,924		137,304
		---------		---------
Net current liabilities			122,594	127,268
			---------	---------
Total assets less current liabilities			109,380	104,927

Creditors: amounts falling due after more than one year	9	146,434	146,407
		---------	---------
Net liabilities		( 37,054)	( 41,480)
		---------	---------

S & S CONSULTANCY SERVICES LIMITED

Statement of Financial Position (continued)

31 March 2018

	2018		2017
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 37,154)	( 41,580)
	--------	--------
Shareholders deficit	( 37,054)	( 41,480)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 December 2018 , and are signed on behalf of the board by:

MR N VITHLANI
Director

Company registration number: 03958866

S & S CONSULTANCY SERVICES LIMITED

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 SUFFOLK ROAD, NORTH HARROW, MIDDLESEX, HA2 7QF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is dependant for its ability to continue as a going concern on the continuing support of its director . The director is confident that the business condition will improve and consider that it is appropriate for the financial statements to be prepared on a going concern basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Loss from fixed asset investment

2018 2017

£ £

Loss Carried forward from fixed asset investment (141,370) (141,370)

5. Employee numbers

The average number of persons employed by the company during the year amounted to ( 1 ) (2017: 1 ).

6. Tangible assets

	Land and buildings	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 April 2017	230,405	10,142	992	241,539
Additions	–	–	116	116
	---------	--------	-------	---------
At 31 March 2018	230,405	10,142	1,108	241,655
	---------	--------	-------	---------
Depreciation
At 1 April 2017	–	8,759	585	9,344
Charge for the year	–	207	130	337
	---------	--------	-------	---------
At 31 March 2018	–	8,966	715	9,681
	---------	--------	-------	---------
Carrying amount
At 31 March 2018	230,405	1,176	393	231,974
	---------	--------	-------	---------
At 31 March 2017	230,405	1,383	407	232,195
	---------	--------	-------	---------

7. Debtors

	2018	2017
	£	£
Other debtors	3,814	3,763
	-------	-------

8. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	124	144
TDW Account	450	450
Other creditors	136,350	136,710
	---------	---------
	136,924	137,304
	---------	---------

9. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Bank loans and overdrafts	146,434	146,407
	---------	---------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
MR N VITHLANI	136,710	( 360)	136,350
	---------	----	---------

	2017
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
MR N VITHLANI	142,870	( 6,160)	136,710
	---------	-------	---------

11. Related party transactions

The company was under the control of Mr Nilip Vithlani throughout the current and previous year. Mr Nilip Vithlani is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.