Sophia Looney Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10587864 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Sophia Looney Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S E Looney

REGISTERED OFFICE:

2 The Birkdales

Ware Street

Weavering

MAIDSTONE

Kent

ME14 5LA

REGISTERED NUMBER:

10587864 (England and Wales)

ACCOUNTANTS:

Zenon Tax Limited

51 The Stream

Ditton

Aylesford

Kent

ME20 6AG

CURRENT ASSETS

Debtors

4

42,387

12,486

Cash at bank and in hand

102,590

81,515

144,977

94,001

CREDITORS

Amounts falling due within one year

5

60,047

29,932

NET CURRENT ASSETS

84,930

64,069

TOTAL ASSETS LESS CURRENT LIABILITIES

84,930

64,069

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

84,830

63,969

84,930

64,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 29 July 2019 and were signed by:

Ms S E Looney - Director

1.	STATUTORY INFORMATION

Sophia Looney Associates 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, excluding discounts, rebates, value

added tax and other sales taxes.

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.

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 year was 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

42,387

12,486

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

119

1,377

Taxation and social security

19,814

27,355

Other creditors

40,114

1,200

60,047

29,932

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms S E Looney.

The ultimate controlling party is Ms S E Looney.