Registered number
03308007
The Shadow Robot Company Limited
Filleted Accounts for the year ended
31 January 2018
The Shadow Robot Company Limited
Registered number: 03308007
Balance Sheet
as at 31 January 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 19,940 2,090
Current assets
Debtors 3 133,405 90,773
Cash at bank and in hand 183,622 137,526
317,027 228,299
Creditors: amounts falling due within one year 4 (301,098) (226,623)
Net current assets 15,929 1,676
Total assets less current liabilities 35,869 3,766
Creditors: amounts falling due after more than one year 5 (25,255) (29,255)
Net assets/(liabilities) 10,614 (25,489)
Capital and reserves
Called up share capital 2,737 2,737
Share premium 73,000 73,000
Profit and loss account (65,123) (101,226)
Shareholders' funds 10,614 (25,489)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G R Walker
Director
Approved by the board on 30 April 2018
The Shadow Robot Company Limited
Notes to the Accounts
for the year ended 31 January 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2017 119,665
Additions 24,150
At 31 January 2018 143,815
Depreciation
At 1 February 2017 117,575
Charge for the year 6,300
At 31 January 2018 123,875
Net book value
At 31 January 2018 19,940
At 31 January 2017 2,090
3 Debtors 2018 2017
£ £
Trade debtors 99,418 87,463
Amounts owed by group undertakings and undertakings in which the company has a participating interest 31,213 -
Other debtors 2,774 3,310
133,405 90,773
4 Creditors: amounts falling due within one year 2018 2017
£ £
Loans (see note 6 below) 26,832 48,582
Trade creditors 90,219 23,175
Taxation and social security costs 39,498 34,637
Accruals 2,200 2,200
Deferred income 136,300 111,199
Other creditors 6,049 6,830
301,098 226,623
5 Creditors: amounts falling due after one year 2018 2017
£ £
Other creditors 25,255 29,255
6 Related party transactions 2018 2017
£ £
Hugo Elias
Shareholder
Loan made to the company
This loan is interest free with no set repayment date. 903 903
Richard Greenhill
Director and shareholder
Loan made to the company
This loan is interest free with no set repayment date. 7,974 12,974
Nicholas Singer
Director and shareholder
Loan made to the company
This loan is interest free with no set repayment date. 17,955 34,705
26,832 48,582
7 Controlling party
The company was under the control of R Greenhill throughout the current and previous period by virtue of majority ownership of the issued share capital.
8 Other information
The Shadow Robot Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
251 Liverpool Road
London
N1 1LX
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