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No description of principal activity
2017-05-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
1,198
752
446
446
xbrli:pure
xbrli:shares
iso4217:GBP
06774268
2017-05-01
2018-04-30
06774268
2018-04-30
06774268
2017-04-30
06774268
core:PlantMachinery
2017-05-01
2018-04-30
06774268
bus:RegisteredOffice
2017-05-01
2018-04-30
06774268
bus:Director1
2017-05-01
2018-04-30
06774268
core:PlantMachinery
2018-04-30
06774268
core:WithinOneYear
2018-04-30
06774268
core:WithinOneYear
2017-04-30
06774268
core:ShareCapital
2018-04-30
06774268
core:ShareCapital
2017-04-30
06774268
core:RetainedEarningsAccumulatedLosses
2018-04-30
06774268
core:RetainedEarningsAccumulatedLosses
2017-04-30
06774268
core:PlantMachinery
2017-04-30
06774268
bus:SmallEntities
2017-05-01
2018-04-30
06774268
bus:AuditExempt-NoAccountantsReport
2017-05-01
2018-04-30
06774268
bus:FullAccounts
2017-05-01
2018-04-30
06774268
bus:SmallCompaniesRegimeForAccounts
2017-05-01
2018-04-30
06774268
bus:PrivateLimitedCompanyLtd
2017-05-01
2018-04-30
COMPANY REGISTRATION NUMBER:
06774268
UNAUDITED FINANCIAL STATEMENTS
|
|
YEAR ENDED 30 APRIL 2018
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
YEAR ENDED 30 APRIL 2018
The director presents her report and the unaudited financial statements of the company for the year ended
30 April 2018
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
21 January 2019
and signed on behalf of the board by:
Registered office:
|
7 Windmill Street
|
Brighton
|
East Sussex
|
BN2 0GN
|
|
STATEMENT OF FINANCIAL POSITION
|
|
30 April 2018
Fixed assets
Tangible assets
|
4
|
|
446
|
446
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
5
|
2,705
|
|
2,705
|
|
-------
|
|
-------
|
Net current liabilities
|
|
2,705
|
2,705
|
|
|
-------
|
-------
|
Total assets less current liabilities
|
|
(
2,259)
|
(
2,259)
|
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
89
|
89
|
|
|
-------
|
-------
|
Net liabilities
|
|
(
2,348)
|
(
2,348)
|
|
|
-------
|
-------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
1,000
|
1,000
|
Profit and loss account
|
|
(
3,348)
|
(
3,348)
|
|
|
-------
|
-------
|
Shareholders deficit
|
|
(
2,348)
|
(
2,348)
|
|
|
-------
|
-------
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
STATEMENT OF FINANCIAL POSITION (continued)
|
|
30 April 2018
These financial statements were approved by the
board of directors
and authorised for issue on
21 January 2019
, and are signed on behalf of the board by:
Company registration number:
06774268
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 30 APRIL 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Windmill Street, Brighton, East Sussex, BN2 0GN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Plant and machinery
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 May 2017 and 30 April 2018
|
1,198
|
1,198
|
|
-------
|
-------
|
Depreciation
|
|
|
At 1 May 2017 and 30 April 2018
|
752
|
752
|
|
-------
|
-------
|
Carrying amount
|
|
|
At 30 April 2018
|
446
|
446
|
|
-------
|
-------
|
At 30 April 2017
|
446
|
446
|
|
-------
|
-------
|
|
|
|
5.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Other creditors
|
2,705
|
2,705
|
|
-------
|
-------
|
|
|
|
6.
Director's advances, credits and guarantees
The company owed the director £2,705 at the year end. (2017 - £2,705).
7.
Related party transactions
The company was under the control of the director
Mrs C Maddalena
throughout the current year.