Company Registration No. 09560997 (England and Wales)
Finance Uncovered Limited
Unaudited accounts
for the period from 1 May 2018 to 31 December 2018
Finance Uncovered Limited
Unaudited accounts
Contents
Finance Uncovered Limited
Company Information
for the period from 1 May 2018 to 31 December 2018
Directors
Nick Mathiason
Eugene McConville
Simon Bowers
Deborah Doane
Peter A Jeory
Company Number
09560997 (England and Wales)
Registered Office
Suite 220, The Pill Box
115 Coventry Road
London
E2 6GG
Accountants
Mawney Accountancy
1 Beech Street
Romford
Essex
RM7 7LA
Finance Uncovered Limited
Statement of financial position
as at
31 December 2018
Tangible assets
1,512
2,418
Cash at bank and in hand
287,174
178,586
Creditors: amounts falling due within one year
(261,526)
(163,005)
Net current assets
30,058
31,021
Profit and loss account
31,570
33,439
Members' funds
31,570
33,439
For the period ending 31 December 2018 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 19 September 2019.
Nick Mathiason
Director
Company Registration No. 09560997
Finance Uncovered Limited
Notes to the Accounts
for the period from 1 May 2018 to 31 December 2018
Finance Uncovered Limited is a private company, limited by guarantee, registered in England and Wales, registration number 09560997. The registered office is Suite 220, The Pill Box, 115 Coventry Road, London, E2 6GG.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
The Directors have agreed a de minimis limit of £500, any items costing less than this are expensed.
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
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2018
1,314
3,296
4,610
At 31 December 2018
1,314
3,296
4,610
At 1 May 2018
430
1,762
2,192
Charge for the period
175
731
906
At 31 December 2018
605
2,493
3,098
At 31 December 2018
709
803
1,512
At 30 April 2018
884
1,534
2,418
Finance Uncovered Limited
Notes to the Accounts
for the period from 1 May 2018 to 31 December 2018
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Debtors
31/12/2018
30/04/2018
Accrued income and prepayments
4,410
4,410
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Creditors: amounts falling due within one year
31/12/2018
30/04/2018
Trade creditors
1,580
2,413
Taxes and social security
14,367
11,145
Deferred income
244,557
145,080
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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 period the average number of employees was 4 (30/04/2018: 3).