Safecert Awards Limited
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Notes to the Accounts |
for the year ended 31 December 2017
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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2 |
Debtors |
2017 |
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2016 |
£ |
£ |
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Trade debtors |
4,219 |
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1,085 |
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3 |
Creditors: amounts falling due within one year |
2017 |
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2016 |
£ |
£ |
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Trade creditors |
71 |
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- |
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Corporation tax |
2,075 |
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2,284 |
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Other creditors |
1,797 |
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467 |
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3,943 |
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2,751 |
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4 |
Related party transactions |
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Mr P Hosrburgh is the sole director and shareholder. During the year ended 31 December 2017, the director incurred expenses of £1,330 on behalf of the company. The amount owed to the director at the year-end was £1,797. This is disclosed at "other creditors" at note 3.
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5 |
Controlling party |
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Mr P Hosrburgh is the ultimate controlling party by virtue of his position as sole director and shareholder.
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6 |
Other information |
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Safecert Awards Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: |
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38 Main Street |
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Gortin |
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Omagh |
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Tyrone |
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BT79 8PH |