PAUL LEGGETT (LIFE & PENSIONS) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06670286 (England and Wales)

Financial Statements

for the Year Ended 31st August 2019

for

PAUL LEGGETT (LIFE & PENSIONS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Leggett

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

06670286 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

BANKERS:

National Westminster Bank

26-28 Queensway

Stevenage

Hertfordshire

SG1 1DH

FIXED ASSETS

Tangible assets

4

768

1,024

CURRENT ASSETS

Debtors

5

3,994

4,015

Cash at bank

1,548

6,008

5,542

10,023

CREDITORS

Amounts falling due within one year

6

4,617

8,524

NET CURRENT ASSETS

925

1,499

TOTAL ASSETS LESS CURRENT LIABILITIES

1,693

2,523

PROVISIONS FOR LIABILITIES

146

174

NET ASSETS

1,547

2,349

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,447

2,249

SHAREHOLDERS' FUNDS

1,547

2,349

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27th January 2020 and were signed by:

P Leggett - Director

1.	STATUTORY INFORMATION

PAUL LEGGETT (LIFE & PENSIONS) 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.

The accounts have been prepared on a going concern basis which assumes continuity of the company's activities

for the foreseeable future. However, at the balance sheet date total liabilities exceeded total assets and current

liabilities exceeded current assets. The company is anticipating a further rise in revenue levels in the subsequent

period and the director who offers his continued support is confident about the company's future.

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.

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st September 2018

and 31st August 2019

3,797

DEPRECIATION

At 1st September 2018

2,773

Charge for year

256

At 31st August 2019

3,029

NET BOOK VALUE

At 31st August 2019

768

At 31st August 2018

1,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/19

31/8/18

£

£

Other debtors

2,843

2,843

Prepayments

1,151

1,172

3,994

4,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/19

31/8/18

£

£

Tax

2,328

3,571

Other creditors

-

2,496

Pension

118

470

Directors' current accounts

221

127

Accrued expenses

1,950

1,860

4,617

8,524

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/19

31/8/18

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P Leggett.

The ultimate controlling party is P Leggett.