Listening 2 U Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07925832 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Listening 2 U Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Gresham

Mrs K L Gresham

SECRETARY:

REGISTERED OFFICE:

Po Box Nf6

Greetwell Place

Lime Kiln Way

Lincoln

LN2 4US

REGISTERED NUMBER:

07925832 (England and Wales)

ACCOUNTANTS:

Peter Wilson Chartered Accountants

Rockfield House

512 Darwen Road

Bromley Cross

Bolton

Lancashire

BL7 9DX

FIXED ASSETS

Intangible assets

4

5,019

-

Tangible assets

5

24,937

2,120

29,956

2,120

CURRENT ASSETS

Debtors

6

10,261

10,791

Cash at bank

902

590

11,163

11,381

CREDITORS

Amounts falling due within one year

7

7,901

1,778

NET CURRENT ASSETS

3,262

9,603

TOTAL ASSETS LESS CURRENT LIABILITIES

33,218

11,723

CREDITORS

Amounts falling due after more than one year

8

26,490

-

NET ASSETS

6,728

11,723

RESERVES

Share premium

100

100

Retained earnings

6,628

11,623

6,728

11,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 applicable to companies subject to the small companies regime.

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 31 October 2019 and were signed on its behalf by:

Mrs K L Gresham - Director

1.	STATUTORY INFORMATION

Listening 2 U 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

5,019

At 31 January 2019

5,019

NET BOOK VALUE

At 31 January 2019

5,019

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

3,337

Additions

44,958

Disposals

(17,032

)

At 31 January 2019

31,263

DEPRECIATION

At 1 February 2018

1,217

Charge for year

5,109

At 31 January 2019

6,326

NET BOOK VALUE

At 31 January 2019

24,937

At 31 January 2018

2,120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

1,214

1,154

Other debtors

9,047

9,637

10,261

10,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

267

405

Taxation and social security

-

483

Other creditors

7,634

890

7,901

1,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Finance leases

26,490

-