|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
FOR |
|
EDI GLOBAL (UK) LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
FOR |
|
EDI GLOBAL (UK) LIMITED |
EDI GLOBAL (UK) LIMITED (REGISTERED NUMBER: 06314477) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
EDI GLOBAL (UK) LIMITED |
|
COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
2-4 Packhorse Road |
Gerrards Cross |
Buckinghamshire |
SL9 7QE |
EDI GLOBAL (UK) LIMITED (REGISTERED NUMBER: 06314477) |
|
BALANCE SHEET |
30 SEPTEMBER 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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
by: |
|
|
|
|
|
|
EDI GLOBAL (UK) LIMITED (REGISTERED NUMBER: 06314477) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
|
1. | STATUTORY INFORMATION |
|
EDI Global (UK) Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover, which excludes VAT, represents income receivable on the provision of services. The income is |
recognised when the company is contractually entitled to it. |
|
Intangible fixed assets |
The costs of development of the software, known as Surveybe, have been capitalised in the balance sheet at |
cost and amortised over 8 years. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Investments in associates |
Investments in associate undertakings are recognised at cost. |
|
Taxation |
Taxation for the period 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 period 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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
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. |
EDI GLOBAL (UK) LIMITED (REGISTERED NUMBER: 06314477) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
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 period was
|
|
4. | INTANGIBLE FIXED ASSETS |
Computer |
software |
£ |
COST |
At 1 January 2018 |
|
Additions |
|
At 30 September 2018 |
|
AMORTISATION |
At 1 January 2018 |
|
Amortisation for period |
|
At 30 September 2018 |
|
NET BOOK VALUE |
At 30 September 2018 |
|
At 31 December 2017 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2018 |
|
|
|
Additions |
|
|
|
At 30 September 2018 |
|
|
|
DEPRECIATION |
At 1 January 2018 |
|
|
|
Charge for period |
|
|
|
At 30 September 2018 |
|
|
|
NET BOOK VALUE |
At 30 September 2018 |
|
|
|
At 31 December 2017 |
|
|
|
EDI GLOBAL (UK) LIMITED (REGISTERED NUMBER: 06314477) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2018 TO 30 SEPTEMBER 2018 |
|
|
6. | FIXED ASSET INVESTMENTS |
Interest in |
associate |
£ |
COST |
At 1 January 2018 |
and 30 September 2018 |
|
NET BOOK VALUE |
At 30 September 2018 |
|
At 31 December 2017 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Amounts owed by associates |
|
|
Other debtors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to associates | 12,629 | - |
Taxation and social security |
|
( |
) |
Other creditors |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
|
|
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2018 | 2017 |
£ | £ |
Bank overdrafts |
|
|
|
The shareholders have given a personal guarantee of £25,000 each on the overdraft facility. |
|
11. | OTHER FINANCIAL COMMITMENTS |
|
At the year end the company had total commitments under operating lease of £Nil (2017: £2,901). |
|
12. | POST BALANCE SHEET EVENTS |
|
On the 5 October 2018 all of the company's shares were purchased by Mathematica Global Holding Ltd. |
Ultimate control of the company changed from L J Broadbent and J De Weerdt to Mathematica Global Holding |
Ltd on that day. |
|
The company therefore decided to shorten the accounting period to provide a clear cut-off to reflect the change |
in ownership. |