Postnova Analytics UK Ltd
Postnova Analytics UK Ltd
Registered number: 9829304
Unaudited Financial Statements
For The Year Ended 31 December 2018
Greendawn Accounting Ltd
Chartered Management Accountant
1A The Homend
Ledbury
Herefordshire
HR8 1BN
Postnova Analytics UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Postnova Analytics UK Ltd
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
9829304
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (360,648) | (329,142) | |||
Page 1
Postnova Analytics UK Ltd
Balance Sheet (continued)
As at
31 December 2018
Directors' responsibilities:
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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. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Postnova Analytics UK Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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| Office and administration |
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| Sales, marketing and distribution |
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Page 3
Postnova Analytics UK Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
3.
Tangible Assets
| Land & Property | |||||
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| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
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| Depreciation | |||||
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| Net Book Value | |||||
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4.
Stocks
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| Stock - finished goods |
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5.
Debtors
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| £ | £ | ||
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| Trade debtors |
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| Prepayments and accrued income |
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| VAT |
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| Due after more than one year | |||
| Other debtors |
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Page 4
Postnova Analytics UK Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
6.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| Trade creditors |
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| Other taxes and social security |
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| Net wages | 12 | - | |
| Other creditors |
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| Accruals and deferred income |
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| Amounts owed to parent undertaking |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| Amounts owed to parent undertaking |
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9.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Postnova Analytics GmbH . Postnova Analytics GmbH is incorporated in Germany. Address; 14 Max-Planck Str., Landsberg Am Lech, Bavaria, D-86899 . The ultimate controlling party is Postnova Analytics GmbH who controls 100% of the shares of Postnova Analytics UK Ltd .
10.
General Information
Postnova Analytics UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9829304 . The registered office is Unit 64, Malvern Hills Science Park, Malvern, Worcestershire, WR14 3SZ.
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