Liz Roberts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07638139 (England and Wales)

LIZ ROBERTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

E Roberts

REGISTERED OFFICE:

South Cottage

Chevening Road

Sundridge

Sevenoaks

Kent

TN14 6AB

REGISTERED NUMBER:

07638139 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Liz Roberts Limited for the year ended 31 March 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Liz Roberts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liz Roberts Limited and state those matters that we have agreed to state to the director of Liz Roberts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liz Roberts Limited and its director for our work or for this report.

It is your duty to ensure that Liz Roberts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Liz Roberts Limited. You consider that Liz Roberts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Liz Roberts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

15 December 2019

FIXED ASSETS

Tangible assets

4

2,061

251

CURRENT ASSETS

Debtors

5

4,352

13,799

Cash at bank

36,396

6,568

40,748

20,367

CREDITORS

Amounts falling due within one year

6

(33,405

)

(20,217

)

NET CURRENT ASSETS

7,343

150

TOTAL ASSETS LESS CURRENT LIABILITIES

9,404

401

PROVISIONS FOR LIABILITIES

7

(350

)

(48

)

NET ASSETS

9,054

353

CAPITAL AND RESERVES

Called up share capital

14

14

Retained earnings

9,040

339

SHAREHOLDERS' FUNDS

9,054

353

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 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 applicable to companies subject to the small companies regime.

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 15 December 2019 and were signed by:

E Roberts - Director

1.	STATUTORY INFORMATION

Liz Roberts 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost and 25% 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 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.

Going concern

The financial statements have been prepared on a going concern basis and no material uncertainties exist that

impact on the company's ability to trade.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

489

2,365

2,854

Additions

1,317

1,610

2,927

Disposals

(489

)

(419

)

(908

)

At 31 March 2019

1,317

3,556

4,873

DEPRECIATION

At 1 April 2018

489

2,114

2,603

Charge for year

329

788

1,117

Eliminated on disposal

(489

)

(419

)

(908

)

At 31 March 2019

329

2,483

2,812

NET BOOK VALUE

At 31 March 2019

988

1,073

2,061

At 31 March 2018

-

251

251

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Directors' current accounts

3,948

9,499

Accrued income

404

4,300

4,352

13,799

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

95

189

Tax

25,460

15,773

VAT

7,121

3,474

Accrued expenses

729

781

33,405

20,217

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

350

48

Deferred

tax

£

Balance at 1 April 2018

48

Provided during year

302

Balance at 31 March 2019

350

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31 March 2018:

2019

2018

£

£

E Roberts

Balance outstanding at start of year

9,499

(1,760

)

Amounts advanced

3,948

11,259

Amounts repaid

(9,499

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,948

9,499