Professor Lesley Regan Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07577291 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Professor Lesley Regan Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Professor L Regan

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07577291 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Tangible assets

4

2,495

2,492

CURRENT ASSETS

Debtors

5

21,741

13,250

Cash at bank

181,628

171,774

203,369

185,024

CREDITORS

Amounts falling due within one year

6

21,264

12,157

NET CURRENT ASSETS

182,105

172,867

TOTAL ASSETS LESS CURRENT LIABILITIES

184,600

175,359

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

184,500

175,259

184,600

175,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 27 January 2021 and were signed by:

Professor L Regan - Director

1.	STATUTORY INFORMATION

Professor Lesley Regan Ltd 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 represents trading income accrued during the period shown by these financial statements.

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 etc

-

33% Straight Line

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.

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

7,500

Additions

2,478

At 31 March 2020

9,978

DEPRECIATION

At 1 April 2019

5,008

Charge for year

2,475

At 31 March 2020

7,483

NET BOOK VALUE

At 31 March 2020

2,495

At 31 March 2019

2,492

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

18,555

10,064

Other debtors

3,186

3,186

21,741

13,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

13,655

12,548

Other creditors

7,609

(391

)

21,264

12,157