Citysquared Limited Accounts
Citysquared Limited Accounts
Citysquared Limited FILLETED ACCOUNTS COVER |
Company No. 05038095 | |||||||||
Citysquared Limited BALANCE SHEET REGISTRAR |
at | ||||||||||
Company No. | Notes | 2018 | 2017 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 2 | |||||||||
Current assets | ||||||||||
Stocks | 3 | |||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 5 | ( | ( | |||||||
Net current assets/(liabilities) | ( | |||||||||
Total assets less current liabilities | ( | |||||||||
Creditors: Amounts falling due after more than one year | 6 | ( | ||||||||
Net assets/(liabilities) | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Share premium account | 7 | |||||||||
Profit and loss account | 7 | ( | ( | |||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 01 May 2019 | ||||||||||
And signed on its behalf by: | ||||||||||
T. Williams | ||||||||||
Director |
Citysquared Limited NOTES TO THE ACCOUNTS REGISTRAR |
for the year ended 31 October 2018 | ||||||||||||||
1 | Accounting policies | |||||||||||||
Basis of preparation | ||||||||||||||
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below. | ||||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Pensions | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
2 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 November 2017 | ||||||||||||||
Additions | ||||||||||||||
At 31 October 2018 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 November 2017 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 October 2018 | ||||||||||||||
Net book values | ||||||||||||||
At 31 October 2018 | ||||||||||||||
At 31 October 2017 | ||||||||||||||
3 | Stocks | |||||||||||||
2018 | 2017 | |||||||||||||
£ | £ | |||||||||||||
Work in progress | ||||||||||||||
Finished goods | ||||||||||||||
4 | Debtors | |||||||||||||
2018 | 2017 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
5 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2018 | 2017 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Corporation tax | ||||||||||||||
Other taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2018 | 2017 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
7 | Reserves | |||||||||||||
8 | Related party disclosures | |||||||||||||
2018 | 2017 | |||||||||||||
Transactions with related parties | £ | £ | ||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Director | |||||||||||||
Description of transaction and general amounts involved | Loan to Company | |||||||||||||
Amount due from/(to) the related party | (46,125) | (80,635) | ||||||||||||
Provision for doubtful debts due from the related party | - | - | ||||||||||||
Amounts written off in the period in respect of debts from/(to) the related party | - | - | ||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Director | |||||||||||||
Description of transaction and general amounts involved | Loan to Company | |||||||||||||
Amount due from/(to) the related party | (5,307) | (28,493) | ||||||||||||
Provision for doubtful debts due from the related party | - | - | ||||||||||||
Amounts written off in the period in respect of debts from/(to) the related party | - | - | ||||||||||||
9 | Additional information | |||||||||||||
Its registered number is: | ||||||||||||||
Its registered office is: | Its trading address is: | |||||||||||||
Unit 8 Gate 1 Bridge Estates | ||||||||||||||
Mabgate | ||||||||||||||
Leeds | ||||||||||||||
West Yorkshire | ||||||||||||||
LS9 7DZ | ||||||||||||||