Company Registration No. 06099671 (England and Wales)
Underdog Art Co Limited
Unaudited accounts
for the year ended 28 February 2018
Underdog Art Co Limited
Unaudited accounts
Contents
Underdog Art Co Limited
Company Information
for the year ended 28 February 2018
Company Number
06099671 (England and Wales)
Registered Office
ARCH 6
CRUCIFIX LANE
LONDON
SE1 3JW
ENGLAND
Underdog Art Co Limited
Statement of financial position
as at
28 February 2018
Cash at bank and in hand
4,311
7,763
Creditors: amounts falling due within one year
(8,754)
(7,431)
Net current (liabilities)/assets
(4,443)
332
Called up share capital
1
1
Profit and loss account
178
331
Shareholders' funds
179
332
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 November 2018.
Sammy Forway
Director
Company Registration No. 06099671
Underdog Art Co Limited
Notes to the Accounts
for the year ended 28 February 2018
Underdog Art Co Limited is a private company, limited by shares, registered in England and Wales, registration number 06099671. The registered office is ARCH 6, CRUCIFIX LANE, LONDON, SE1 3JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2017
7,724
-
4,300
12,024
Additions
466
6,583
-
7,049
At 28 February 2018
8,190
6,583
4,300
19,073
At 1 March 2017
7,724
-
4,300
12,024
Charge for the year
233
2,194
-
2,427
At 28 February 2018
7,957
2,194
4,300
14,451
At 28 February 2018
233
4,389
-
4,622
Underdog Art Co Limited
Notes to the Accounts
for the year ended 28 February 2018
5
Creditors: amounts falling due within one year
2018
2017
Trade creditors
1,703
501
Taxes and social security
16,970
6,930
Loans from directors
(9,919)
-
6
Share capital
2018
2017
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).