Drinkfinger Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10894208 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2017 TO 31 AUGUST 2018

FOR

DRINKFINGER LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W M Ings

M Ings

C J Elsden

O J Elsden

REGISTERED OFFICE:

1 Bramley Business Centre

Station Road

Bramley

Surrey

GU5 0AZ

REGISTERED NUMBER:

10894208 (England and Wales)

FIXED ASSETS

Intangible assets

4

19,782

CURRENT ASSETS

Debtors

3,779

Cash at bank

98

3,877

CREDITORS

Amounts falling due within one year

8,971

NET CURRENT LIABILITIES

(5,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,688

CAPITAL AND RESERVES

Called up share capital

100

Share premium

24,975

Retained earnings

(10,387

)

SHAREHOLDERS' FUNDS

14,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:

W M Ings - Director

1.	STATUTORY INFORMATION

Drinkfinger Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities''

of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of

Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

The financial statements have been prepared on a going concern basis, which the directors consider to be

appropriate, as they have agreed not to withdraw their loan accounts and to provide the necessary finance to

enable the company to meet its liabilities as they fall due.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised evenly over the following estimated useful life.

Trademarks

-

10 years

Design rights

-

5 years

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and

liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial

instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which

have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax

rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

22,376

At 31 August 2018

22,376

AMORTISATION

Amortisation for period

2,594

At 31 August 2018

2,594

NET BOOK VALUE

At 31 August 2018

19,782

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

£

100

Ordinary

£1

100

During the period ended 31 August 2018, 75 Ordinary shares of £1 each were allotted as fully paid and 25

Ordinary shares of £1 each were allotted as fully paid at a premium of £999 per share.