Sure Communication (sur.co.uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04189399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SURE COMMUNICATION (SUR.CO.UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David P. Morgan

Mr Andrew J. Speed

Mrs Louisa Morgan

Mr Alexander J. Colburn

SECRETARY:

Mrs Louisa Morgan

REGISTERED OFFICE:

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

REGISTERED NUMBER:

04189399 (England and Wales)

ACCOUNTANTS:

Malcolm J. Greer FCCA, ATT

Chartered Certified Accountant

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,816

3,925

Investments

6

-

10,000

4,816

13,925

CURRENT ASSETS

Debtors

7

23,803

28,415

Cash at bank and in hand

58,477

44,988

82,280

73,403

CREDITORS

Amounts falling due within one year

8

47,581

51,385

NET CURRENT ASSETS

34,699

22,018

TOTAL ASSETS LESS CURRENT LIABILITIES

39,515

35,943

PROVISIONS FOR LIABILITIES

9

790

625

NET ASSETS

38,725

35,318

CAPITAL AND RESERVES

Called up share capital

10

105

105

Retained earnings

11

38,620

35,213

SHAREHOLDERS' FUNDS

38,725

35,318

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 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 12 December 2018 and were signed on its behalf by:

Mr David P. Morgan - Director

1.	STATUTORY INFORMATION

Sure Communication (sur.co.uk) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office furniture & equipment

-

33% 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 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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. At the year end, a

claim for enhanced relief against the Company's Corporation Tax liability was made in respect of research and

development costs incurred on the ongoing Customer Relationship Management (CRM) project during the year

ended 31st March 2018. These costs totalled £10,350 before enhancement and are included within the

Company's overheads, although they are not detailed separately on the face of the Profit and Loss Account.

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 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

32,000

AMORTISATION

At 1 April 2017

and 31 March 2018

32,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Office

furniture

& equipment

£

COST

At 1 April 2017

24,700

Additions

3,008

At 31 March 2018

27,708

DEPRECIATION

At 1 April 2017

20,775

Charge for year

2,117

At 31 March 2018

22,892

NET BOOK VALUE

At 31 March 2018

4,816

At 31 March 2017

3,925

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2017

10,000

Impairments

(10,000

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

10,000

The Company in which the investment had been made was dissolved on the 29th September 2018. Accordingly,

it is considered appropriate to include a 100% impairment to the valuation of the investment as at the 31st March

2018. No capital distribution was received from the Company in which the investment had been held between the

1st April 2018 and the dissolution date of the 29th September 2018.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

21,954

27,781

Net wages debtor

105

105

Directors' current accounts

1,219

-

Prepayments and accrued income

525

529

23,803

28,415

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

7,004

6,097

Corporation tax

20,169

21,379

PAYE and social security

1,323

1,283

VAT

8,322

7,001

Directors' current accounts

9,463

14,325

Accruals and deferred income

1,300

1,300

47,581

51,385

9.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax - Accelerated Capital Allowances

790

625

Deferred

tax

£

Balance at 1 April 2017

625

Provided during year

165

Balance at 31 March 2018

790

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

105

Ordinary shares classes A - D

£1

105

105

The total share capital of the Company is sub divided into ten separate classes of ordinary share labelled A to J

inclusive, each class containing an authorised share capital of 100,000 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting,

share classes F to J inclusive shall not be entitled to vote at any general meeting of the Company and as regards

income. shares classes A to J inclusive shall be entitled to payments of varying amounts of dividends at the

discretion of the directors, as declared by the Company from time to time.

11.

RESERVES

Retained

earnings

£

At 1 April 2017

35,213

Profit for the year

85,576

Dividends

(82,169

)

At 31 March 2018

38,620

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

£

Mr David P. Morgan

Balance outstanding at start of year

-

-

Amounts advanced

1,219

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,219

-

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £82,169 (2017 - £80,947) were paid to the directors .

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr David P. Morgan.