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REGISTERED NUMBER: 05616534 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

SARAH MASON ACCOUNTANCY LIMITED

SARAH MASON ACCOUNTANCY LIMITED (REGISTERED NUMBER: 05616534)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SARAH MASON ACCOUNTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2018







DIRECTOR: Mrs S Mason





SECRETARY: A J Mason





REGISTERED OFFICE: Room 20 Ruby Court
1A Wesley Drive
Benton Square Industrial Estate
Newcastle upon Tyne
NE12 9UP





REGISTERED NUMBER: 05616534 (England and Wales)





ACCOUNTANTS: McCready Page Accountants
511 Durham Road
Low Fell
Gateshead
Tyne and Wear
NE9 5EY

SARAH MASON ACCOUNTANCY LIMITED (REGISTERED NUMBER: 05616534)

BALANCE SHEET
31 OCTOBER 2018

31/10/18 31/10/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,448 1,313

CURRENT ASSETS
Stocks 1,386 1,560
Debtors 5 7,618 5,255
Cash at bank 9,144 3,507
18,148 10,322
CREDITORS
Amounts falling due within one year 6 13,127 10,836
NET CURRENT ASSETS/(LIABILITIES) 5,021 (514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,469

799

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,468 798
SHAREHOLDERS' FUNDS 6,469 799

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 her 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 10 November 2018 and were signed by:





Mrs S Mason - Director


SARAH MASON ACCOUNTANCY LIMITED (REGISTERED NUMBER: 05616534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018


1. STATUTORY INFORMATION

Sarah Mason Accountancy 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.

Work in progress
Work in progress represents the amount of un-invoiced sales as at the balance sheet date.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

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

SARAH MASON ACCOUNTANCY LIMITED (REGISTERED NUMBER: 05616534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2017 3,339
Additions 630
At 31 October 2018 3,969
DEPRECIATION
At 1 November 2017 2,026
Charge for year 495
At 31 October 2018 2,521
NET BOOK VALUE
At 31 October 2018 1,448
At 31 October 2017 1,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/18 31/10/17
£    £   
Trade debtors 7,560 5,197
Other debtors 58 58
7,618 5,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/18 31/10/17
£    £   
Trade creditors 23 -
Taxation and social security 11,082 9,903
Other creditors 2,022 933
13,127 10,836