Assured Financial Resources Ltd - Accounts to registrar (filleted) - small 18.2

ASSURED FINANCIAL RESOURCES LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K A Whittington

SECRETARY:

Mrs T Whittington

REGISTERED OFFICE:

338 Hook Road

Chessington

Surrey

KT9 1NU

REGISTERED NUMBER:

05692216 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

4

569

103

CURRENT ASSETS

Debtors

5

2,235

-

Cash at bank and in hand

79,666

45,382

81,901

45,382

CREDITORS

Amounts falling due within one year

6

16,923

11,342

NET CURRENT ASSETS

64,978

34,040

TOTAL ASSETS LESS CURRENT LIABILITIES

65,547

34,143

PROVISIONS FOR LIABILITIES

108

20

NET ASSETS

65,439

34,123

CAPITAL AND RESERVES

Called up share capital

7

8

8

Retained earnings

8

65,431

34,115

SHAREHOLDERS' FUNDS

65,439

34,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th November 2021 and were signed by:

K A Whittington - Director

1.	STATUTORY INFORMATION

Assured Financial Resources 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 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

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.

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st February 2020

2,838

-

2,838

Additions

-

649

649

At 31st January 2021

2,838

649

3,487

DEPRECIATION

At 1st February 2020

2,735

-

2,735

Charge for year

21

162

183

At 31st January 2021

2,756

162

2,918

NET BOOK VALUE

At 31st January 2021

82

487

569

At 31st January 2020

103

-

103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade debtors

2,235

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Tax

14,054

7,586

Other creditors

1,142

1,117

Directors' current accounts

527

1,439

Accrued expenses

1,200

1,200

16,923

11,342

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

8

Ordinary

1.00

8

8

8.

RESERVES

Retained

earnings

£

At 1st February 2020

34,115

Profit for the year

60,316

Dividends

(29,000

)

At 31st January 2021

65,431

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £527 (2020 - £1439) to K Whittington, the director and shareholder of the company .The amount is interest free and repayable on demand.