Company Registration No. 08044842 (England and Wales)
81STGENERATION LIMITED
Unaudited accounts
for the year ended 30 April 2018
81STGENERATION LIMITED
Unaudited accounts
Contents
81STGENERATION LIMITED
Company Information
for the year ended 30 April 2018
Company Number
08044842 (England and Wales)
Registered Office
24-26 Arcadia Avenue
London
N3 2JU
England
Accountants
Symonds & Co Accountants Limited
Suite 101
24-26 Arcadia Avenue
London
N3 2JU
81STGENERATION LIMITED
Statement of financial position
as at 30 April 2018
Tangible assets
4,066
4,471
Cash at bank and in hand
41,573
50,880
Creditors: amounts falling due within one year
(61,948)
(96,392)
Net current assets
78,368
64,365
Called up share capital
1
1
Profit and loss account
82,434
68,836
Shareholders' funds
82,435
68,837
For the year ending 30 April 2018 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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.
Approved by the Board on 22 October 2018.
JIMI WALTERS
Director
Company Registration No. 08044842
81STGENERATION LIMITED
Notes to the Accounts
for the year ended 30 April 2018
81STGENERATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08044842. The registered office is 24-26 Arcadia Avenue, London, N3 2JU, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% per annum reducing balance.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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.
81STGENERATION LIMITED
Notes to the Accounts
for the year ended 30 April 2018
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Finished goods
79,217
88,718
Trade debtors
15,626
17,199
81STGENERATION LIMITED
Notes to the Accounts
for the year ended 30 April 2018
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
2,017
39,823
Taxes and social security
16,710
18,884
Other creditors
1,400
1,300
Loans from directors
41,821
36,385
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 9 (2017: 7).