Registered Number
:
08720732
|
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2019
Shavekit Ltd
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
Shavekit Ltd
Statement of Financial Position
2018
2019
1,021
1,095
2
Property
,
plant and equipment
|
2,587
2,176
3
3,608
3,271
117,024
135,146
4
Trade and other receivables
|
2,500
13,093
5
407,990
Cash and cash equivalents
|
228,351
376,590
527,514
Trade and other payables
:
amounts falling due within one
|
year
|
(208,533)
(217,027)
6
318,981
159,563
Net current assets
Total assets less current liabilities
|
163,171
322,252
Trade and other payables
:
amounts falling due after more
|
than one year
|
(17,956)
-
7
163,171
Net assets
304,296
2,056
1,953
1,743,089
1,639,789
(1,581,974)
(1,337,446)
163,171
304,296
Shareholders' funds
For the year ended 31 December 2019 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 of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 December 2019
Shavekit Ltd
Statement of Financial Position Continued
Bevan Thomas Harrow Director
|
These financial statements were approved and authorised for issue by the Board on 28 April 2020 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2019
Shavekit Ltd
Notes to the Financial Statements
Statutory Information
Shavekit Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
08720732
.
|
SBC House
Restmor Way
Wallington
Surrey
SM6 7AH
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Office equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 31 December 2019
Shavekit Ltd
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2
.
Intangible fixed assets
|
1,466
1,466
371
74
Charge for year
445
1,021
1,095
3
.
Property
,
plant and equipment
|
6,460
6,077
383
1,188
1,034
154
537
7,111
7,648
Provision for depreciation and impairment
|
4,284
4,271
13
Charge for year
777
693
84
5,061
4,964
97
440
2,147
2,587
370
1,806
2,176
2018
2019
135,146
117,024
4 of 5
For the year ended 31 December 2019
Shavekit Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
13,093
2,500
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
167,319
149,584
Taxation and social security
|
27,107
35,982
22,601
22,967
217,027
208,533
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
-
17,956
8
.
Average number of persons employed
|
During the year the average number of employees was 7 (2018 : 6)
5 of 5