Eximia Limited Filleted accounts for Companies House (small and micro)

Eximia Limited Filleted accounts for Companies House (small and micro)

EXIMIA LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08289899
Eximia Limited
Filleted Unaudited Financial Statements
30 June 2019
Eximia Limited
Statement of Financial Position
30 June 2019
2019
2018
Note
£
£
Fixed assets
Tangible assets
5
1,744
2,902
Current assets
Debtors
6
55,419
70,477
Cash at bank and in hand
239,805
136,131
----------
----------
295,224
206,608
Creditors: amounts falling due within one year
7
51,446
49,855
----------
----------
Net current assets
243,778
156,753
----------
----------
Total assets less current liabilities
245,522
159,655
----------
----------
Net assets
245,522
159,655
----------
----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
245,521
159,654
----------
----------
Shareholders funds
245,522
159,655
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eximia Limited
Statement of Financial Position (continued)
30 June 2019
These financial statements were approved by the board of directors and authorised for issue on 18 November 2019 , and are signed on behalf of the board by:
C Davis
Director
Company registration number: 08289899
Eximia Limited
Notes to the Financial Statements
year ended 30th June 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The principal trading address of the company is Malvern House, 200 Pentonville Road, London N1 9JP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1st July 2018
4,217
4,217
Additions
331
331
-------
-------
At 30th June 2019
4,548
4,548
-------
-------
Depreciation
At 1st July 2018
1,315
1,315
Charge for the year
1,489
1,489
-------
-------
At 30th June 2019
2,804
2,804
-------
-------
Carrying amount
At 30th June 2019
1,744
1,744
-------
-------
At 30th June 2018
2,902
2,902
-------
-------
6. Debtors
2019
2018
£
£
Trade debtors
48,758
69,708
Other debtors
6,661
769
--------
--------
55,419
70,477
--------
--------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
6,100
16,872
Corporation tax
27,426
25,628
Social security and other taxes
11,005
2,183
Other creditors
6,915
5,172
--------
--------
51,446
49,855
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
C Davis
( 3,852)
27,057
( 28,800)
( 5,595)
-------
--------
--------
-------
2018
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
C Davis
( 24,975)
46,023
( 24,900)
( 3,852)
--------
--------
--------
-------