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Unaudited Financial Statements |
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for the Period 2 November 2017 to 30 September 2018 |
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for |
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Rescape Innovation Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 2 November 2017 to 30 September 2018 |
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for |
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Rescape Innovation Limited |
Rescape Innovation Limited (Registered number: 11044611) |
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Contents of the Financial Statements |
for the Period 2 November 2017 to 30 September 2018 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Certified Accountants' Report | 7 |
Rescape Innovation Limited |
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Company Information |
for the Period 2 November 2017 to 30 September 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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5, Willow Walk |
Cowbridge |
Vale of Glamorgan |
CF71 7EE |
Rescape Innovation Limited (Registered number: 11044611) |
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Abridged Balance Sheet |
30 September 2018 |
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Notes | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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 Sections 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. |
Rescape Innovation Limited (Registered number: 11044611) |
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Abridged Balance Sheet - continued |
30 September 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Rescape Innovation Limited (Registered number: 11044611) |
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Notes to the Financial Statements |
for the Period 2 November 2017 to 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Rescape Innovation Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis. The directors have considered the assets and |
liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with |
the financial support of the shareholders. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
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Rescape Innovation Limited (Registered number: 11044611) |
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Notes to the Financial Statements - continued |
for the Period 2 November 2017 to 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 30 September 2018 |
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AMORTISATION |
Amortisation for period |
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At 30 September 2018 |
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NET BOOK VALUE |
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At 30 September 2018 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 30 September 2018 |
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DEPRECIATION |
Charge for period |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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Rescape Innovation Limited (Registered number: 11044611) |
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Notes to the Financial Statements - continued |
for the Period 2 November 2017 to 30 September 2018 |
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5. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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£ |
Other loans |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the year, the company owed to Orchard Media & Events Group Limited £41,248, a company with common |
shareholders |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Rescape Innovation Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements |
and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Rescape Innovation Limited for the period ended 30 September 2018 which comprise the Abridged Income |
Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Rescape Innovation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rescape Innovation Limited and state those matters that we have agreed to state to the Board of Directors of Rescape Innovation Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Rescape Innovation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rescape Innovation Limited. You consider that Rescape Innovation Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Rescape Innovation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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5, Willow Walk |
Cowbridge |
Vale of Glamorgan |
CF71 7EE |
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