REGISTERED NUMBER: 05298471

Unaudited Financial Statements for the Year Ended 31 October 2018

for

A. C. SAYLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Sayle

SECRETARY:

Mrs M Sayle

REGISTERED OFFICE:

Unit 3

Denmark Street

Maidenhead

Berkshire

SL6 7BN

REGISTERED NUMBER:

05298471

ACCOUNTANTS:

Barnes Mayer Ltd

Unit 3

Denmark Street

Maidenhead

Berkshire

SL6 7BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,150

24,200

18,150

24,200

CURRENT ASSETS

Debtors

6

11,155

17,654

Cash at bank

33,220

13,212

44,375

30,866

CREDITORS

Amounts falling due within one year

7

61,777

56,044

NET CURRENT LIABILITIES

(17,402

)

(25,178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

748

(978

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

648

(1,078

)

SHAREHOLDERS' FUNDS

748

(978

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 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 director on 23 April 2019 and were signed by:

Mr A Sayle - Director

1.	STATUTORY INFORMATION

A. C. SAYLE LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

and 31 October 2018

3,000

AMORTISATION

At 1 November 2017

and 31 October 2018

3,000

NET BOOK VALUE

At 31 October 2018

-

At 31 October 2017

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2017

and 31 October 2018

31,667

800

32,467

DEPRECIATION

At 1 November 2017

7,917

350

8,267

Charge for year

5,937

113

6,050

At 31 October 2018

13,854

463

14,317

NET BOOK VALUE

At 31 October 2018

17,813

337

18,150

At 31 October 2017

23,750

450

24,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

10,890

17,389

Prepayments and accrued income

265

265

11,155

17,654

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

9,495

3,020

Social security and other taxes

1,616

-

VAT

3,083

2,314

Other creditors

41,077

41,877

Directors' loan accounts

5,390

7,067

Accruals and deferred income

1,116

1,766

61,777

56,044