ROOM 307 LIMITED

Company Registration Number:
08855404 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

ROOM 307 LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

ROOM 307 LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 10,882 6,091
Tangible assets: 3 14,826 21,777
Total fixed assets: 25,708 27,868
Current assets
Debtors:   462,710 253,688
Cash at bank and in hand: 43,667 53,891
Total current assets: 506,377 307,579
Creditors: amounts falling due within one year:   (259,061) (183,019)
Net current assets (liabilities): 247,316 124,560
Total assets less current liabilities: 273,024 152,428
Total net assets (liabilities): 273,024 152,428
Capital and reserves
Called up share capital: 16,000 16,000
Profit and loss account: 257,024 136,428
Shareholders funds: 273,024 152,428

The notes form part of these financial statements

ROOM 307 LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2019
and signed on behalf of the board by:

Name: Sharon Young
Status: Director

The notes form part of these financial statements

ROOM 307 LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the fair value of consideration received or receivable, net of Value Added Tax, of goods sold and services provided to customers after deducting discounts. Turnover is recognised when significant risks and rewards of ownership are transferred.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at historical cost less depreciation and any recognised impairment loss. The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is provided on property, plant and equipment at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life.

Other accounting policies

The financial statements have been prepared on a going concern basis. Given the risk analysis carried out by the Director's and after reviewing the Company’s budget for the 12 months from the approval date of the financial statements, other longer term plans and financial resources, the Board is satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.

ROOM 307 LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Intangible Assets

Total
Cost £
At 01 July 2017 7,300
Additions 6,085
At 30 June 2018 13,385
Amortisation
At 01 July 2017 1,209
Charge for year 1,294
At 30 June 2018 2,503
Net book value
At 30 June 2018 10,882
At 30 June 2017 6,091

ROOM 307 LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 43,892
Additions 3,735
At 30 June 2018 47,627
Depreciation
At 01 July 2017 22,115
Charge for year 10,686
At 30 June 2018 32,801
Net book value
At 30 June 2018 14,826
At 30 June 2017 21,777