Utelly Limited - Accounts to registrar (filleted) - small 18.2
Utelly Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Utelly Limited |
| Utelly Limited (Registered number: 08466031) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| Utelly Limited (Registered number: 08466031) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Utelly Limited (Registered number: 08466031) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Utelly Limited is a |
| registered number and registered office address are as below: |
| Registered number: | 08466031 |
| Registered office: | Treviot House |
| 186-192 High Road |
| Ilford |
| Essex |
| IG1 1LR |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
| of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland" and the Companies Act 2006. |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
| Tangible fixed assets |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the |
| extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current taxation assets and liabilities are not discounted. |
| Current tax is 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Utelly Limited (Registered number: 08466031) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Utelly Limited (Registered number: 08466031) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 7. | SHARE-BASED PAYMENT TRANSACTIONS |
| The company operates an equity settled Enterprise Management Incentive (EMI) Share Option Scheme. The |
| options are granted with a fixed exercise price determined at the grant of the option. The options vest over a |
| period of up to 3 years following the date of the grant. The options are exercisable until the 10th anniversary |
| from the date of grant. Employees are not entitled to dividends until the shares are exercised. Vesting of options |
| is subject to continued employment with the company. The company had the following options granted in the |
| year. |
Share option Type | Date of Grant | Number of Shares | Exercise Price |
| Enterprise Management Incentive | 10/12/2015 | 825 | £0.0001 |
| Name of shares | EMI Scheme |
| Brought forward | 825 |
| Granted in the year | Nil |
| Exercised in the year | Nil |
| Lapsed in the year | Nil |
| Carried forward | 825 |
| Exercisable at the year end | 825 |