20 Sixteen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07134387 (England and Wales)

Financial Statements

for the Year Ended 31 December 2017

for

20 SIXTEEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Steinberg

Mrs A Steinberg

REGISTERED OFFICE:

Suite 404

324 Regent Street

London

W1B 3HH

REGISTERED NUMBER:

07134387 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

3,288

5,088

CURRENT ASSETS

Debtors

5

17,140

35,243

Cash at bank

46,224

25,598

63,364

60,841

CREDITORS

Amounts falling due within one year

6

28,037

27,993

NET CURRENT ASSETS

35,327

32,848

TOTAL ASSETS LESS CURRENT LIABILITIES

38,615

37,936

PROVISIONS FOR LIABILITIES

625

-

NET ASSETS

37,990

37,936

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

37,890

37,836

SHAREHOLDERS' FUNDS

37,990

37,936

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 7 September 2018 and were signed on its behalf by:

Mr J A Steinberg - Director

1.	STATUTORY INFORMATION

20 Sixteen 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 represents net invoiced sales of services, excluding value added tax.

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

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

10,209

DEPRECIATION

At 1 January 2017

5,121

Charge for year

1,800

At 31 December 2017

6,921

NET BOOK VALUE

At 31 December 2017

3,288

At 31 December 2016

5,088

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

17,140

35,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

28,037

25,476

Other creditors

-

2,517

28,037

27,993

7.

RESERVES

Retained

earnings

£

At 1 January 2017

37,836

Profit for the year

85,054

Dividends

(85,000

)

At 31 December 2017

37,890

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director, Mr J Steinberg £Nil (2016: £683).

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 were paid to the directors .