Registered number
03308007
The Shadow Robot Company Limited
Filleted Accounts
31 January 2017
The Shadow Robot Company Limited
Registered number: 03308007
Balance Sheet
as at 31 January 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 2,090 3,358
Current assets
Debtors 3 90,773 94,662
Cash at bank and in hand 137,526 17,702
228,299 112,364
Creditors: amounts falling due within one year 4 (226,623) (237,532)
Net current assets/(liabilities) 1,676 (125,168)
Total assets less current liabilities 3,766 (121,810)
Creditors: amounts falling due after more than one year 5 (29,255) (33,255)
Net liabilities (25,489) (155,065)
Capital and reserves
Called up share capital 2,737 1,177
Share premium 73,000 73,000
Profit and loss account (101,226) (229,242)
Shareholders' funds (25,489) (155,065)
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 18 October 2017
The Shadow Robot Company Limited
Notes to the Accounts
for the year ended 31 January 2017
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 2016 119,665
At 31 January 2017 119,665
Depreciation
At 1 February 2016 116,307
Charge for the year 1,268
At 31 January 2017 117,575
Net book value
At 31 January 2017 2,090
At 31 January 2016 3,358
3 Debtors 2017 2016
£ £
Trade debtors 87,463 30,285
VAT - 11,626
Other debtors 3,310 52,751
90,773 94,662
4 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 23,175 39,597
Corporation tax - 14
Other taxes and social security costs 34,637 16,509
Loans (see note 6 below) 48,582 57,832
Accruals 2,200 2,200
Deferred income 111,199 90,151
Other creditors 6,830 31,229
226,623 237,532
5 Creditors: amounts falling due after one year 2017 2016
£ £
Other creditors 29,255 33,255
6 Related party transactions 2017 2016
£ £
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. 12,974 15,974
Nicholas Singer
Director and shareholder
Loan made to the company
This loan is interest free with no set repayment date. 34,705 40,955
48,582 57,832
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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