Company Registration No. 09560997 (England and Wales)
Finance Uncovered Limited
Unaudited accounts
for the year ended 30 April 2018
Finance Uncovered Limited
Unaudited accounts
Contents
Finance Uncovered Limited
Company Information
for the year ended 30 April 2018
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
The Pill Box Third Floor
115 Coventry Street
London
E2 6GG
United Kingdom
Accountants
Mawney Accountancy
1 Beech Street
Romford
Essex
RM7 7LA
Finance Uncovered Limited
Statement of financial position
as at
30 April 2018
Tangible assets
2,418
1,322
Cash at bank and in hand
178,586
119,446
Creditors: amounts falling due within one year
(163,005)
(118,068)
Net current assets
31,021
1,651
Profit and loss account
33,439
2,973
Shareholders' funds
33,439
2,973
For the year ending 30 April 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 18 December 2018.
Nick Mathiason
Director
Company Registration No. 09560997
Finance Uncovered Limited
Notes to the Accounts
for the year ended 30 April 2018
Finance Uncovered Limited is a private company, limited by shares, registered in England and Wales, registration number 09560997. The registered office is The Pill Box Third Floor, 115 Coventry Street, London, E2 6GG, United Kingdom.
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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 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2016.
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
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2017
834
978
1,812
Additions
480
2,318
2,798
At 30 April 2018
1,314
3,296
4,610
At 1 May 2017
167
323
490
Charge for the year
263
1,439
1,702
At 30 April 2018
430
1,762
2,192
At 30 April 2018
884
1,534
2,418
At 30 April 2017
667
655
1,322
Finance Uncovered Limited
Notes to the Accounts
for the year ended 30 April 2018
Accrued income and prepayments
4,410
-
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
2,413
968
Taxes and social security
11,145
1,269
Deferred income
145,080
115,815
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Average number of employees
During the year the average number of employees was 3 (2017: 2).