Liz Roberts Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07638139 (England and Wales)

LIZ ROBERTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

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 Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

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 2017 which comprise the Statement of

Comprehensive Income, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

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 the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company 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 Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

27 November 2017

FIXED ASSETS

Tangible assets

4

502

867

CURRENT ASSETS

Debtors

5

600

15,793

Cash at bank

13,779

107

14,379

15,900

CREDITORS

Amounts falling due within one year

6

13,084

1,414

NET CURRENT ASSETS

1,295

14,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,797

15,353

PROVISIONS FOR LIABILITIES

7

100

173

NET ASSETS

1,697

15,180

CAPITAL AND RESERVES

Called up share capital

8

14

14

Retained earnings

9

1,683

15,166

SHAREHOLDERS' FUNDS

1,697

15,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 27 November 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

489

2,365

2,854

DEPRECIATION

At 1 April 2016

490

1,497

1,987

Charge for year

(1

)

366

365

At 31 March 2017

489

1,863

2,352

NET BOOK VALUE

At 31 March 2017

-

502

502

At 31 March 2016

(1

)

868

867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

321

Accrued income

-

7,145

Directors' current accounts

-

7,389

VAT

-

938

Accrued income

600

-

600

15,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

8,324

486

Social security and other taxes

305

428

VAT

2,194

-

Directors' current accounts

1,760

-

Accrued expenses

501

500

13,084

1,414

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

100

173

Deferred

tax

£

Balance at 1 April 2016

173

Provided during year

(73

)

Balance at 31 March 2017

100

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

14

Ordinary Shares

1

14

14

9.

RESERVES

Retained

earnings

£

At 1 April 2016

15,166

Profit for the year

32,810

Dividends

(46,293

)

At 31 March 2017

1,683

10.	RELATED PARTY DISCLOSURES

During the period dividends of £41,293 (2016 £15,000) were paid to Mrs E Roberts in relation to her

shareholdings in the company and £5,000 paid to Mr R Roberts.

The director charged £2,961 for home office costs in the year.

11.	ULTIMATE CONTROLLING PARTY

12.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st

January 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.