London School of Insurance (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08907316 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

London School of Insurance (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Udai R Patel

Mrs Vinita Lotlikar

Ms F S Walz

SECRETARY:

Mrs Vinita Lotlikar

REGISTERED OFFICE:

Third Floor

16 St Clare Street

London

EC3N 1LQ

REGISTERED NUMBER:

08907316 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

FIXED ASSETS

Intangible assets

3

8,980

11,973

CURRENT ASSETS

Debtors

4

3,317

30,208

Cash at bank

35,233

22,308

38,550

52,516

CREDITORS

Amounts falling due within one year

5

7,200

7,027

NET CURRENT ASSETS

31,350

45,489

TOTAL ASSETS LESS CURRENT LIABILITIES

40,330

57,462

CAPITAL AND RESERVES

Called up share capital

6

15,000

15,000

Retained earnings

7

25,330

42,462

SHAREHOLDERS' FUNDS

40,330

57,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 May 2019 and were signed on its behalf by:

Mrs Vinita Lotlikar - Director

1.	STATUTORY INFORMATION

London School of Insurance (UK) Ltd 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 includes revenue earned from the rendering of services.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2018

and 28 February 2019

21,285

AMORTISATION

At 1 March 2018

9,312

Charge for year

2,993

At 28 February 2019

12,305

NET BOOK VALUE

At 28 February 2019

8,980

At 28 February 2018

11,973

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other debtors

3,317

30,208

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

5,880

-

Taxation and social security

-

5,707

Other creditors

1,320

1,320

7,200

7,027

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

28.2.18

value:

£

£

15,000

Ordinary

£1

15,000

15,000

7.

RESERVES

Retained

earnings

£

At 1 March 2018

42,462

Deficit for the year

(17,132

)

At 28 February 2019

25,330