Sooner Advisory Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11702104 (England and Wales)

Unaudited Financial Statements

for the Period 28 November 2018 to 30 November 2019

for

Sooner Advisory Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Birkett

SECRETARY:

N Birkett

REGISTERED OFFICE:

15 Pownall Avenue

Bramhall

Stockport

SK7 2HE

REGISTERED NUMBER:

11702104 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

4

41,412

CURRENT ASSETS

Debtors

5

159,310

Cash at bank

2,794

162,104

CREDITORS

Amounts falling due within one year

6

128,388

NET CURRENT ASSETS

33,716

TOTAL ASSETS LESS CURRENT LIABILITIES

75,128

PROVISIONS FOR LIABILITIES

7,868

NET ASSETS

67,260

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

67,259

SHAREHOLDERS' FUNDS

67,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2020 and were signed by:

N Birkett - Director

1.	STATUTORY INFORMATION

Sooner Advisory 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.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 period 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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

840

48,690

2,235

51,765

At 30 November 2019

840

48,690

2,235

51,765

DEPRECIATION

Charge for period

168

9,738

447

10,353

At 30 November 2019

168

9,738

447

10,353

NET BOOK VALUE

At 30 November 2019

672

38,952

1,788

41,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

15,840

Other debtors

143,470

159,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

7,909

Directors' current accounts

119,999

Accrued expenses

480

128,388

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.