Registered number
03308007
The Shadow Robot Company Limited
Filleted Accounts for the year ended
31 January 2020
The Shadow Robot Company Limited
Registered number: 03308007
Balance Sheet
as at 31 January 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 120,058 164,277
Current assets
Debtors 4 330,710 185,498
Cash at bank and in hand 1,659,436 1,008,926
1,990,146 1,194,424
Creditors: amounts falling due within one year 5 (464,817) (666,145)
Net current assets 1,525,329 528,279
Total assets less current liabilities 1,645,387 692,556
Creditors: amounts falling due after more than one year 6 (263,196) (21,956)
Net assets 1,382,191 670,600
Capital and reserves
Called up share capital 3,123 2,737
Share premium 73,000 73,000
Profit and loss account 1,306,068 594,863
Shareholders' funds 1,382,191 670,600
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 23 October 2020
The Shadow Robot Company Limited
Notes to the Accounts
for the year ended 31 January 2020
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 over 4 years
Leasehold property over 10 years
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).
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 Employees 2020 2019
Number Number
Average number of persons employed by the company 28 28
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2019 32,096 311,172 343,268
Additions - 7,907 7,907
At 31 January 2020 32,096 319,079 351,175
Depreciation
At 1 February 2019 6,419 172,572 178,991
Charge for the year 2,568 49,558 52,126
At 31 January 2020 8,987 222,130 231,117
Net book value
At 31 January 2020 23,109 96,949 120,058
At 31 January 2019 25,677 138,600 164,277
4 Debtors 2020 2019
£ £
Trade debtors 130,740 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 138,627 138,627
Other debtors 61,343 46,871
330,710 185,498
5 Creditors: amounts falling due within one year 2020 2019
£ £
Loans (see note 9 below) 903 20,527
Trade creditors 39,573 71,460
Accruals 2,200 2,200
Deferred income 319,583 340,300
Taxation and social security costs 96,180 224,671
Other creditors 6,378 6,987
464,817 666,145
6 Creditors: amounts falling due after one year 2020 2019
£ £
Other loans 241,240 -
Other creditors 21,956 21,956
263,196 21,956
7 Loans 2020 2019
£ £
Creditors include:
Instalments falling due for payment after more than five years 40,207 -
Secured other loans 241,240 -
Other loans totalling £241,240 are secured by way of fixed and floating charge over all the assets of the company.
8 Other financial commitments 2020 2019
£ £
Total future minimum payments under non-cancellable operating leases 1,520,011 574,570
9 Related party transactions
2020 2019
£ £
Hugo Elias
Shareholder
Loan made to the company 903 903
This loan is interest free with no set repayment date.
Richard Greenhill
Director and shareholder
Loan made to the company - 4,973
This loan is interest free with no set repayment date.
Nicholas Singer
Director and shareholder
Loan made to the company - 14,651
This loan is interest free with no set repayment date.
903 20,527
10 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.
11 Other information
The Shadow Robot Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 31
Spectrum House
32-34 Gordon House Road
London
NW5 1LP
The Shadow Robot Company Limited 03308007 false 2019-02-01 2020-01-31 2020-01-31 VT Final Accounts June 2020 release 2 G R Walker No description of principal activity 03308007 2018-02-01 2019-01-31 03308007 core:WithinOneYear 2019-01-31 03308007 core:AfterOneYear 2019-01-31 03308007 core:ShareCapital 2019-01-31 03308007 core:SharePremium 2019-01-31 03308007 core:RetainedEarningsAccumulatedLosses 2019-01-31 03308007 core:AllPeriods 2019-01-31 03308007 2019-02-01 2020-01-31 03308007 bus:PrivateLimitedCompanyLtd 2019-02-01 2020-01-31 03308007 bus:AuditExempt-NoAccountantsReport 2019-02-01 2020-01-31 03308007 bus:Director40 2019-02-01 2020-01-31 03308007 1 2019-02-01 2020-01-31 03308007 2 2019-02-01 2020-01-31 03308007 core:LandBuildings 2019-02-01 2020-01-31 03308007 core:PlantMachinery 2019-02-01 2020-01-31 03308007 countries:England 2019-02-01 2020-01-31 03308007 bus:FRS102 2019-02-01 2020-01-31 03308007 bus:FullAccounts 2019-02-01 2020-01-31 03308007 2020-01-31 03308007 core:WithinOneYear 2020-01-31 03308007 core:AfterOneYear 2020-01-31 03308007 core:ShareCapital 2020-01-31 03308007 core:SharePremium 2020-01-31 03308007 core:RetainedEarningsAccumulatedLosses 2020-01-31 03308007 core:LandBuildings 2020-01-31 03308007 core:PlantMachinery 2020-01-31 03308007 core:AllPeriods 2020-01-31 03308007 2019-01-31 03308007 core:LandBuildings 2019-01-31 03308007 core:PlantMachinery 2019-01-31 iso4217:GBP xbrli:pure