Liz Roberts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07638139 (England and Wales)

LIZ ROBERTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2018

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 2018 which comprise the Income

Statement, 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

24 May 2018

FIXED ASSETS

Tangible assets

4

251

502

CURRENT ASSETS

Debtors

5

13,799

600

Cash at bank

6,568

13,779

20,367

14,379

CREDITORS

Amounts falling due within one year

6

20,217

13,084

NET CURRENT ASSETS

150

1,295

TOTAL ASSETS LESS CURRENT LIABILITIES

401

1,797

PROVISIONS FOR LIABILITIES

7

48

100

NET ASSETS

353

1,697

CAPITAL AND RESERVES

Called up share capital

8

14

14

Retained earnings

9

339

1,683

SHAREHOLDERS' FUNDS

353

1,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 24 May 2018 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.

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.

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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

489

2,365

2,854

DEPRECIATION

At 1 April 2017

489

1,863

2,352

Charge for year

-

251

251

At 31 March 2018

489

2,114

2,603

NET BOOK VALUE

At 31 March 2018

-

251

251

At 31 March 2017

-

502

502

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Directors' current accounts

9,499

-

Accrued income

4,300

600

13,799

600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

189

-

Tax

15,773

8,324

Social security and other taxes

-

305

VAT

3,474

2,194

Directors' current accounts

-

1,760

Accrued expenses

781

501

20,217

13,084

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

48

100

Deferred

tax

£

Balance at 1 April 2017

100

Provided during year

(52

)

Balance at 31 March 2018

48

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary Shares

1

10

10

2

Ordinary A

1

2

2

2

Ordinary B

1

2

2

14

14

9.

RESERVES

Retained

earnings

£

At 1 April 2017

1,683

Profit for the year

66,456

Dividends

(67,800

)

At 31 March 2018

339

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2018, the director owed £9,499 by way of a directors loan account.