Sure Communication (sur.co.uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04189399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

SURE COMMUNICATION (SUR.CO.UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David P. Morgan

Mr Andrew J. Speed

Mrs Louisa Morgan

Mr Alexander J. Colburn

SECRETARY:

Mrs Louisa Morgan

REGISTERED OFFICE:

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

REGISTERED NUMBER:

04189399 (England and Wales)

ACCOUNTANTS:

Malcolm J. Greer FCCA, ATT

Chartered Certified Accountant

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,695

4,816

4,695

4,816

CURRENT ASSETS

Debtors

6

45,836

23,803

Cash at bank and in hand

61,848

58,477

107,684

82,280

CREDITORS

Amounts falling due within one year

7

67,951

47,581

NET CURRENT ASSETS

39,733

34,699

TOTAL ASSETS LESS CURRENT LIABILITIES

44,428

39,515

PROVISIONS FOR LIABILITIES

9

790

790

NET ASSETS

43,638

38,725

CAPITAL AND RESERVES

Called up share capital

10

105

105

Retained earnings

43,533

38,620

SHAREHOLDERS' FUNDS

43,638

38,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 May 2019 and were signed on its behalf by:

Mr David P. Morgan - Director

1.	STATUTORY INFORMATION

Sure Communication (sur.co.uk) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

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.

Office furniture & equipment

-

33% on cost

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 statement of financial position date.

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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. At the year end, a

claim for enhanced relief against the Company's Corporation Tax liability was made in respect of research and

development costs incurred on the ongoing Customer Relationship Management (CRM) project during the year

ended 31st March 2019. These costs totalled £10,665 before enhancement and are included within the

Company's overheads, although they are not detailed separately on the face of the Profit and Loss Account.

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 5 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

32,000

AMORTISATION

At 1 April 2018

and 31 March 2019

32,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Office

furniture

& equipment

£

COST

At 1 April 2018

27,708

Additions

2,872

At 31 March 2019

30,580

DEPRECIATION

At 1 April 2018

22,892

Charge for year

2,993

At 31 March 2019

25,885

NET BOOK VALUE

At 31 March 2019

4,695

At 31 March 2018

4,816

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

45,021

21,954

Net wages debtor

105

105

Directors' current accounts

-

1,219

Prepayments and accrued income

710

525

45,836

23,803

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

12,152

7,004

Corporation tax

18,839

20,169

PAYE and social security

1,336

1,323

VAT

12,680

8,322

Directors' current accounts

21,644

9,463

Accruals and deferred income

1,300

1,300

67,951

47,581

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.19

31.3.18

£

£

Within one year

287

960

Between one and five years

-

287

287

1,247

9.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax - Accelerated Capital Allowances

790

790

Deferred

tax

£

Balance at 1 April 2018

790

Balance at 31 March 2019

790

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

105

Ordinary shares classes A - D

£1

105

105

The total share capital of the Company is sub divided into ten separate classes of ordinary share labelled A to J

inclusive, each class containing an authorised share capital of 100,000 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting,

share classes F to J inclusive shall not be entitled to vote at any general meeting of the Company and as regards

income. shares classes A to J inclusive shall be entitled to payments of varying amounts of dividends at the

discretion of the directors, as declared by the Company from time to time.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

Mr David P. Morgan

Balance outstanding at start of year

1,219

-

Amounts advanced

14,200

1,219

Amounts repaid

(20,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,581

)

1,219

Mrs Louisa Morgan

Balance outstanding at start of year

-

-

Amounts advanced

10,000

-

Amounts repaid

(20,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,000

)

-

All advances made to Directors in the financial year were repaid within the financial year.

The advances were provided interest free.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,480 (2018 - £82,169) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr David P. Morgan.