Company Registration No. 06550714 (England and Wales)
ATTOMARKER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
ATTOMARKER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ATTOMARKER LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
3
1,089
27,161
Cash at bank and in hand
-
10,044
1,089
37,205
Creditors: amounts falling due within one year
4
(40,608)
(21,843)
Net current (liabilities)/assets
(39,519)
15,362
Capital and reserves
Called up share capital
5
39
39
Share premium account
94,065
94,065
Profit and loss reserves
(133,623)
(78,742)
Total equity
(39,519)
15,362
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2017 and are signed on its behalf by:
Dr A M Shaw
Director
Company Registration No. 06550714
ATTOMARKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Attomarker Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Innovation Centre, University of Exeter, Rennes Drive, Exeter, Devon, EX4 4RN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has received loans and support from the directors. There is currently no intention that the loans are to be repaid in the next twelve months. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of these loans.
In addition, the company received an investment post year end of £500,000 from third party interests. Please refer to note 6 in these accounts.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
100% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
ATTOMARKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 3 -
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2016 and 31 December 2016
5,425
Depreciation and impairment
At 1 January 2016 and 31 December 2016
5,425
Carrying amount
At 31 December 2016
-
At 31 December 2015
-
3
Debtors
2016
2015
Amounts falling due within one year:
£
£
Other debtors
1,089
27,161
4
Creditors: amounts falling due within one year
2016
2015
£
£
Bank loans and overdrafts
6,968
-
Trade creditors
12,240
16,486
Other taxation and social security
-
1,558
Other creditors
21,400
3,799
40,608
21,843
ATTOMARKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 4 -
5
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
3,900 Ordinary shares of 1p each
39
39
39
39
6
Events after the reporting date
After the year end the company received £500,000 of investment, in return for share capital, from third party interests.