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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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EIS PLATFORMS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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FOR |
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EIS PLATFORMS LTD |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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EIS PLATFORMS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
5 Jardine House |
Harrovian Business Village |
Bessborough Road |
Harrow |
Middlesex |
HA1 3EX |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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BALANCE SHEET |
30 APRIL 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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(210,747 | ) | (311,732 | ) |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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1. | STATUTORY INFORMATION |
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EIS Platforms Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Going concern |
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The financial statements have been prepared on the going concern basis and the directors confirm their belief in the |
company's ability to continue as a going concern for a period of at least twelve months from the date of approval of |
these financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant & Machinery - 25% on cost |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 54,527 | 30,527 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £0.01 | 3,577 | 3,188 |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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7. | CALLED UP SHARE CAPITAL - continued |
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During the year the company issued and allotted 38,958 ordinary £0.01 shares (2018: 84 ordinary shares £1 shares |
were allotted and later sub-divided into 8,400 £0.01 ordinary shares and after the sub division a further 115,672 |
ordinary shares of £0.01 were issued and allotted. A combined total of 124,072) for a total consideration of £567,752 |
(2018: £363,128), of which £567,186 (2018: £20,808) was received in cash, including £34,940 of which was received |
in the prior financial year and brought forward in other creditors, and £566 (2018: £110,976) was in exchange for |
services provided. |
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Furthermore, the Company received cash during the year of £0 (2018: £34,940) and services of £108,466 (2018: |
£74,242). At the year end there was a total of 7,335 ordinary £0.01 shares (2018: 22,284) shares that were pending |
to be issued. The total of £182,708 (2018: £109,182) is included in other creditors in relation to the shares that are |
pending to be issued. |
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8. | DIRECTORS’ SHARE OPTIONS |
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As at 30th April 2019 D Rodwell had been granted a total of 9,710 share options over £0.01 ordinary shares, at an |
exercisable price of £2.00. These options are exercisable as follows: |
Options over 3,884 shares are exercisable on or after the date of grant, 13th October 2019; |
Options over 3,884 shares are exercisable on or after 1st April 2020; |
Options over 1,942 shares are exercisable on or after 1st September 2020. |
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None of these options have been exercised, as of the date of the approval of these financial statements. |
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9. | EMPLOYEE SHARE OPTIONS |
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The Company operates an Enterprise Management Incentive Share Option Scheme for certain staff. As at 30th April |
2019 options over 50,490 £0.01 ordinary shares had been issued. Of these options 46,606 are exercisable at £2.00 |
each on the following dates: |
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Options over 15,534 shares are exercisable on or after the date of grant, 13th October 2018; |
Options over 5,826 shares are exercisable on or after 1st November 2018; |
Options over 1,942 shares are exercisable on or after 1st May 2019; |
Options over 5,826 shares are exercisable on or after 1st October 2019; |
Options over 3,884 shares are exercisable on or after 1st November 2019; |
Options over 7,768 shares are exercisable on or after 1st April 2020; |
Options over 5,826 shares are exercisable on or after 1st September 2020. |
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In addition, the Company has also issued options over 3,884 £0.01 ordinary shares, at an exercise price of £25.10. |
These options are exercisable as follows: |
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Options over 1,942 shares are exercisable on or after 1st October 2019; |
Options over 1,942 shares are exercisable on or after 1st September 2020. |
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None of these options have been exercised, as of the date of the approval of these financial statements |