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REGISTERED NUMBER: 05584483 (England and Wales)


















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022

FOR

SFS 2021 LIMITED

SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


SFS 2021 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022







DIRECTOR: Mr J W Toomer





REGISTERED OFFICE: Kingston House
Lydiard Fields
Swindon
Wiltshire
SN5 8UB





REGISTERED NUMBER: 05584483 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

31/3/22 30/9/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 338
Tangible assets 5 - 6,630
- 6,968

CURRENT ASSETS
Debtors - 64,864
Cash at bank - 140,906
- 205,770
CREDITORS
Amounts falling due within one year - 64,397
NET CURRENT ASSETS - 141,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

148,341

PROVISIONS FOR LIABILITIES - 1,203
NET ASSETS - 147,138

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (4 ) 147,134
- 147,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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.

SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the period ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022



The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





Mr J W Toomer - Director


SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022

1. STATUTORY INFORMATION

SFS 2021 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

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.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 period was NIL (2021 - 3 ).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021 79,585
Disposals (79,585 )
At 31 March 2022 -
AMORTISATION
At 1 October 2021 79,247
Eliminated on disposal (79,247 )
At 31 March 2022 -
NET BOOK VALUE

At 31 March 2022 -
At 30 September 2021 338

SFS 2021 LIMITED (REGISTERED NUMBER: 05584483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021 14,699
Disposals (14,699 )
At 31 March 2022 -
DEPRECIATION
At 1 October 2021 8,069
Eliminated on disposal (8,069 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 30 September 2021 6,630

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 March 2022 and 30 September 2021:

31/3/22 30/9/21
£    £   
Mr A R Wilkie
Balance outstanding at start of period 10,124 (4,349 )
Amounts advanced - 101,697
Amounts repaid (10,124 ) (87,224 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 10,124