Company Registration No. 09560997 (England and Wales)
Finance Uncovered Limited
Unaudited accounts
for the year ended 30 April 2017
Finance Uncovered Limited
Unaudited accounts
Contents
Finance Uncovered Limited
Company Information
for the year ended 30 April 2017
Directors
Nick Mathiason
George Turner
Khadija Sharife
Eugene McConville
Simon Bowers
Umar Cheema
Deborah Doane
Peter A Jeory
Company Number
09560997 (England and Wales)
Registered Office
Oxford House
Derbyshire Street
Bethnal Green
London
E2 6HG
Accountants
Ms Kim Lee
1 Beech Street
Romford
Essex
RM7 7LA
Finance Uncovered Limited
Statement of financial position
as at
30 April 2017
Cash at bank and in hand
119,446
2,645
Creditors: amounts falling due within one year
(118,068)
(529)
Net current assets
1,651
2,116
Profit and loss account
2,973
2,116
Members' funds
2,973
2,116
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 January 2018.
Nick Mathiason
Director
Company Registration No. 09560997
Finance Uncovered Limited
Notes to the Accounts
for the year ended 30 April 2017
Finance Uncovered Limited is a private company, limited by guarantee, registered in England and Wales, registration number 09560997. The registered office is Oxford House, Derbyshire Street, Bethnal Green, London , E2 6HG.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 25 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight-line basis
Computer equipment
33% straight-line basis
Grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 April 2017
834
978
1,812
Charge for the year
167
323
490
At 30 April 2017
167
323
490
At 30 April 2017
667
655
1,322
Finance Uncovered Limited
Notes to the Accounts
for the year ended 30 April 2017
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
1,269
529
Deferred income
115,815
-
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Average number of employees
During the year the average number of employees was 2 (2016: 1).