Registered Number
:
03529024
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Robin Hood Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Robin Hood Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
181
292
2
181
292
1,511
1,423
3
Trade and other receivables
|
2,089
69
4
493
Cash and cash equivalents
|
3,454
4,946
4,093
Trade and other payables
:
amounts falling due within one
|
year
|
(5,545)
(5,763)
5
(1,452)
(817)
Net current liabilities
Total assets less current liabilities
|
(636)
(1,160)
(636)
Net liabilities
(1,160)
100
100
(736)
(1,260)
(636)
(1,160)
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 13 December 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2017
Robin Hood Limited
Notes to the Financial Statements
Statutory Information
Robin Hood Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
03529024
.
|
Sherwood Business Centre
616A To 618A Mansfield Road
Sherwood Nottingham
Nottinghamshire
NG5 2GA
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 goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
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:Plant and machinery : 25% Reducing balanceComputer equipment 20% on cost
|
Plant and machinery
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Going Concern
The financial statments have ben prepared on the going concern basis
.
The directors consider that this basis is
|
approriate for the preparation of the company
'
s financail statements
.
The going concern basis assumes that the
|
directors
,
who are the chief creditors of the company will not withdraw their financial support from the company
.
The
|
financail statments therfore do not include the adjustments that might be rnecessiated by the withdrawl of the
|
financial support refered to abaove
.
|
2 of 4
For the year ended 31 March 2017
Robin Hood Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
8,900
3,637
5,263
5,263
3,637
8,900
Provision for depreciation and impairment
|
8,608
3,407
5,201
Charge for year
111
95
16
8,719
3,502
5,217
46
135
181
62
230
292
2016
2017
1,423
1,511
4
.
Trade and other receivables
|
2016
2017
69
-
-
2,089
2,089
69
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
7
(11)
Taxation and social security
|
199
-
5,557
5,556
5,763
5,545
3 of 4
For the year ended 31 March 2017
Robin Hood Limited
Notes to the Financial Statements Continued
6
.
Related party transactions
|
The company is controlled by the director
,
M
.
K
.
Douglas who owns the majority of the issued share capital of the
|
company
.
|
The company paid an adminstration fee of £
715
(
2016
£
187
)
to Visav Limited
.
M K Douglas is a director of Visav
|
Limited
.
|
7
.
Directors advances and guarantees
|
Mr M K Douglas
Loan
5,176
5,176
5,176
5,176
The following advances and credits to a director subsisted during the year ended
31
March
2016
|
Balance outstanding at start of period
(
5
,
176
)
|
Balance outstanding at end of period
(
5
,
176
)
|
8
.
Average number of persons employed
|
The only persons emplyed by the company in the year ended
31
March
2016
and the year ended
31
March
2017
|
were the two directors
.
|
9
.
Transition to FRS
102
|
Is the first year for which the financial statements have been prepared under FRS
102
.
The transition from preparing
|
the financial statements in accordance with FRSSE
(
208
)
to FRS
102
(
1
a
)
has had no material impact upon either the
|
financial position or the financial performance as previously reported by the company
.
|
4 of 4