Registered Number
:
08720732
|
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2017
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
2016
2017
1,168
1,241
2
Property
,
plant and equipment
|
2,439
1,838
3
3,607
3,079
103,699
194,612
4
Trade and other receivables
|
9,391
61,601
5
75
Cash and cash equivalents
|
574,199
830,412
113,165
Trade and other payables
:
amounts falling due within one
|
year
|
(56,838)
(103,391)
6
56,327
727,021
Net current assets
Total assets less current liabilities
|
730,628
59,406
Trade and other payables
:
amounts falling due after more
|
than one year
|
(114,693)
(81,523)
7
649,105
Net assets/liabilities
(55,287)
1,834
1,383
1,520,094
536,069
(872,823)
(592,739)
649,105
(55,287)
Shareholders' funds
For the year ended 31 December 2017 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 2017 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 2017
Shavekit Ltd
Statement of Financial Position Continued
Bevan Thomas Harrow Director
|
These financial statements were approved and authorised for issue by the Board on 22 August 2018 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2017
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
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 2017
Shavekit Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
1,466
1,466
225
73
Charge for year
298
1,168
1,241
3
.
Property
,
plant and equipment
|
3,831
1,709
5,540
Provision for depreciation and impairment
|
1,993
Charge for year
1,108
3,101
2,439
1,838
2016
2017
194,612
103,699
4 of 5
For the year ended 31 December 2017
Shavekit Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2016
2017
22,621
-
38,980
9,391
9,391
61,601
6
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
80,065
33,274
Taxation and social security
|
9,258
5,944
14,068
17,620
103,391
56,838
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
81,523
114,693
5 of 5