Company Registration No. 06871193 (England and Wales)
Foresight Cyber Ltd
Unaudited accounts
for the year ended 5 April 2020
Foresight Cyber Ltd
Unaudited accounts
Contents
Foresight Cyber Ltd
Company Information
for the year ended 5 April 2020
Directors
Vladimir Jirasek
Eva Jirasek
Lukas Macura
Company Number
06871193 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 24 HOLBORN VIADUCT
CITY OF LONDON
LONDON
EC1A 2BN
ENGLAND
Accountants
Clare Lichfield Bookkeeping and Accountancy Services
Foresight Cyber Ltd
Accountants' report
Accountants' report to the board of directors of Foresight Cyber Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 5 April 2020.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 5 April 2020. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Clare Lichfield Bookkeeping and Accountancy Services
24 July 2020
Foresight Cyber Ltd
Statement of financial position
as at
5 April 2020
Tangible assets
51,663
54,137
Investments
32,523
32,523
Cash at bank and in hand
96,403
151,237
Creditors: amounts falling due within one year
(65,269)
(72,866)
Net current assets
93,009
102,328
Net assets
177,195
188,988
Called up share capital
2,613
2,613
Profit and loss account
174,582
186,375
Shareholders' funds
177,195
188,988
For the year ending 5 April 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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2020 and were signed on its behalf by
Vladimir Jirasek
Director
Company Registration No. 06871193
Foresight Cyber Ltd
Notes to the Accounts
for the year ended 5 April 2020
Foresight Cyber Ltd is a private company, limited by shares, registered in England and Wales, registration number 06871193. The registered office is INTERNATIONAL HOUSE 24 HOLBORN VIADUCT, CITY OF LONDON, LONDON, EC1A 2BN, ENGLAND.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
25% Reducing Balance
Computer equipment
33% Reducing Balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foresight Cyber Ltd
Notes to the Accounts
for the year ended 5 April 2020
4
Tangible fixed assets
Total
Charge for the year
8,761
5
Transactions with related parties
The company has taken advantage of the exemption under section 33.1A of FRS 102 Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
6
Average number of employees
During the year the average number of employees was 2 (2019: 2).