Registered Number
:
SC
380072
|
For the year ended 31 March 2020
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 31 March 2020
Stop Go Networks Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Stop Go Networks Limited
Statement of Financial Position
31/3/2019
31/3/2020
Property
,
plant and equipment
|
32,165
21,366
2
32,165
21,366
Trade and other receivables
|
294,855
263,883
3
373,087
Cash and cash equivalents
|
625,284
889,167
667,942
Trade and other payables
:
amounts falling due within one year
|
(236,190)
(549,048)
4
431,752
340,119
Net current assets
Total assets less current liabilities
|
372,284
453,118
Trade and other payables
:
amounts falling due after more than
|
one year
|
(4,085)
(4,501)
5
367,783
Net assets
449,033
300
300
367,483
448,733
367,783
449,033
Shareholders' funds
For the year ended 31 March 2020 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 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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.
|
These financial statements were approved and authorised for issue by the Board on 15 December 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
Stop Go Networks Limited
Notes to the Financial Statements
Statutory Information
Stop Go Networks Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration number
|
SC
380072
.
|
Principal place of business
:
|
44 Elliot Street Mews
Glasgow
G3 8DZ
272 Bath Street
Glasgow
G2 4JR
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 services supplied by the company.
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:
|
Land and buildings
Computer equipment
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2020
Stop Go Networks Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
93,783
85,073
8,710
-
23,631
11,744
5,964
5,923
5,923
14,674
96,817
117,414
Provision for depreciation and impairment
|
72,417
68,981
3,436
-
Charge for year
12,832
9,431
2,809
592
85,249
78,412
6,245
592
5,331
8,429
18,405
32,165
-
5,274
16,092
21,366
3
.
Trade and other receivables
|
31/3/2019
31/3/2020
252,717
288,278
11,166
6,577
294,855
263,883
4
.
Trade and other payables
:
amounts falling due within one year
|
31/3/2019
31/3/2020
509,407
174,465
Taxation and social security
|
23,037
53,146
16,604
8,579
549,048
236,190
5
.
Trade and other payables
:
amounts falling due after more than one year
|
31/3/2019
31/3/2020
4,501
4,085
3 of 4
For the year ended 31 March 2020
Stop Go Networks Limited
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Mr Andrew Hynes and Mr Martin Dixon are the Company
'
s controlling parties
.
|
7
.
Guarantees and other financial commitments
|
At
31
March
2020
the company had annual commitments under non
-
cancellable operating leases as set out below
:
|
31/3/2020
Operating leases which expire
:
|
30,000
30,000
8
.
Average number of persons employed
|
During the year the average number of employees was 12 (2019 : 12)
4 of 4