Sound Footings Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10451446 (England and Wales)

Unaudited Financial Statements

for the Period

29 October 2016 to 31 October 2017

for

Sound Footings Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Miss S J Hosmer

SECRETARY:

REGISTERED OFFICE:

Smiths Accountants

Boston House

Grove Business Park

Wantage

Oxfordshire

OX12 9FF

REGISTERED NUMBER:

10451446 (England and Wales)

ACCOUNTANTS:

Smiths Chartered Accountants

Unit 114 Boston House

Grove Technology Park

Wantage

Oxfordshire

OX12 9FF

FIXED ASSETS

Tangible assets

4

6,137

CURRENT ASSETS

Debtors

5

20,123

Cash at bank

4,611

24,734

CREDITORS

Amounts falling due within one year

6

9,009

NET CURRENT ASSETS

15,725

TOTAL ASSETS LESS CURRENT LIABILITIES

21,862

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

7

21,762

SHAREHOLDERS' FUNDS

21,862

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 3 March 2018 and were signed by:

Miss S J Hosmer - Director

1.	STATUTORY INFORMATION

Sound Footings 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 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,640

At 31 October 2017

7,640

DEPRECIATION

Charge for period

1,503

At 31 October 2017

1,503

NET BOOK VALUE

At 31 October 2017

6,137

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

20,123

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

(1

)

Taxation and social security

4,416

Other creditors

4,594

9,009

7.

RESERVES

Retained

earnings

£

Profit for the period

24,462

Dividends

(2,700

)

At 31 October 2017

21,762