SOUNDFROMABOVE VENTURES LTD,Ltd - AccountsLtd - Accounts

SOUNDFROMABOVE VENTURES LTD,Ltd - AccountsLtd - Accounts

SOUNDFROMABOVE VENTURES LTD - Company Information

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2018-02-01 SC354210 2019-01-31 SC354210 2018-02-01 2019-01-31 SC354210 2018-01-31 SC354210 2017-02-01 2018-01-31 SC354210 uk-core:WithinOneYear 2018-01-31 SC354210 uk-core:WithinOneYear 2019-01-31 SC354210 uk-core:ShareCapital 2019-01-31 SC354210 uk-core:ShareCapital 2018-01-31 SC354210 uk-core:RetainedEarningsAccumulatedLosses 2019-01-31 SC354210 uk-core:RetainedEarningsAccumulatedLosses 2018-01-31 SC354210 uk-bus:Director1 2018-02-01 2019-01-31 SC354210 uk-core:AfterOneYear 2019-01-31 SC354210 uk-core:AfterOneYear 2018-01-31 SC354210 uk-core:AfterOneYear 2018-02-01 2019-01-31 iso4217:GBP SC354210 uk-bus:AuditExemptWithAccountantsReport 2018-02-01 2019-01-31 SC354210 uk-bus:FRS102 2018-02-01 2019-01-31 SC354210 uk-bus:FullAccounts 2018-02-01 2019-01-31 SC354210 uk-bus:PrivateLimitedCompanyLtd 2018-02-01 2019-01-31
SOUNDFROMABOVE VENTURES LTD
Registered Number:SC354210
For the year ended 31 January 2019
Scotland
Unaudited Financial Statements
2
For the year ended 31 January 2019
SOUNDFROMABOVE VENTURES LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 January 2019
SOUNDFROMABOVE VENTURES LTD
Statement of Financial Position
Registered Number :
SC354210
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
257
385
2
257
385
Current assets
Trade and other receivables
934
834
3
508
Cash and cash equivalents
407
1,241
1,442
Trade and other payables: amounts falling due within one
year
(2,425)
(2,245)
4
(983)
(1,004)
Net current liabilities
Total assets less current liabilities
(747)
(598)
(747)
Net liabilities
(598)
Capital and reserves
Called up share capital
2
2
Retained earnings
(749)
(600)
(747)
(598)
Shareholders' funds
For the year ended 31 January 2019 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 of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Chukwuemeka David Emele Director
These financial statements were approved and authorised for issue by the Board on 08 June 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 January 2019
SOUNDFROMABOVE VENTURES LTD
Notes to the Financial Statements
Statutory Information
SOUNDFROMABOVE VENTURES LTD is a private limited company, limited by shares, domiciled in Scotland,
registration number SC354210.
Registered address:
29 PALMERSTON ROAD
ABERDEEN
Aberdeenshire
AB11 5QP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 February 2018
62,902
At 31 January 2019
62,902
Provision for depreciation and impairment
At 01 February 2018
62,517
Charge for year
128
At 31 January 2019
62,645
At 31 January 2019
Net book value
257
At 31 January 2018
385
2 of 3
5
For the year ended 31 January 2019
SOUNDFROMABOVE VENTURES LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2018
2019
£
£
Trade debtors
834
934
The debtors above include the following amounts falling due after more than one year:
Trade debtors
834
-
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
793
1,693
Taxation and social security
12
12
Other creditors
1,440
720
2,245
2,425
5. Trade and other payables: amounts falling due after more than one year
Amounts falling due after more than one year represent investment made by the directors
3 of 3