L & S Educational Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06185119 (England and Wales)

L & S Educational Services Limited

Unaudited financial statements

For the year ended

31st March 2019

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

S M Hall

L J Griffiths

Secretary:

L J Griffiths

Registered office:

The Edge Unit 3 Cheapside

Deritend

Birmingham

B12 0QH

Registered number:

06185119 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Bridge House

16 Bridge Street

Thetford

Norfolk

IP24 3AA

Fixed assets

Tangible assets

4

1,449

717

Current assets

Debtors

5

8,664

15,329

Cash at bank and in hand

7,956

3,174

16,620

18,503

Creditors

Amounts falling due within one year

6

8,874

6,923

Net current assets

7,746

11,580

Total assets less current liabilities

9,195

12,297

Provisions for liabilities

136

136

Net assets

9,059

12,161

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8,959

12,061

Shareholders' funds

9,059

12,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Board of Directors on 20th December 2019 and were signed on its behalf by:

S M Hall - Director

1.	Statutory information

L & S Educational Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts receivable in respect of work done excluding VAT.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1st April 2018

266

3,950

4,216

Additions

-

1,009

1,009

At 31st March 2019

266

4,959

5,225

Depreciation

At 1st April 2018

218

3,281

3,499

Charge for year

7

270

277

At 31st March 2019

225

3,551

3,776

Net book value

At 31st March 2019

41

1,408

1,449

At 31st March 2018

48

669

717

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

8,664

15,087

Other debtors

-

242

8,664

15,329

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

1,152

326

Taxation and social security

498

846

Other creditors

7,224

5,751

8,874

6,923

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

100

100

8.	Directors' advances, credits and guarantees

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

31st March 2018:

2019

2018

£

£

L J Griffiths

Balance outstanding at start of year

242

-

Amounts advanced

-

242

Amounts repaid

(242

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

242