| Cydaf Technologies Limited |
| Registered number: |
08167010 |
| Balance Sheet |
| as at 31 August 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
106,869 |
|
|
99,472 |
|
| Current assets |
| Cash at bank and in hand |
|
|
- |
|
|
9 |
|
| Creditors: amounts falling due within one year |
3 |
|
(108,385) |
|
|
(100,769) |
|
| Net current liabilities |
|
|
|
(108,385) |
|
|
(100,760) |
|
| Net liabilities |
|
|
|
(1,516) |
|
|
(1,288) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(1,616) |
|
|
(1,388) |
|
| Shareholders' funds |
|
|
|
(1,516) |
|
|
(1,288) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R G Paxton |
| Director |
| Approved by the board on 11 December 2019 |
|
| Cydaf Technologies Limited |
| Notes to the Accounts |
| for the year ended 31 August 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Patent costs |
|
Patent costs are amortised on a straight line basis over their useful economic life. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Going concern |
|
These financial statements have been prepared under the going concern convention, which relies on the continued support of the company's directors. |
|
|
|
| 2 |
Patent costs |
£ |
|
|
|
Cost |
|
At 1 September 2018 |
99,472 |
|
Additions |
7,397 |
|
At 31 August 2019 |
106,869 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 August 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2019 |
106,869 |
|
At 31 August 2018 |
99,472 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
6 |
|
- |
|
Other creditors |
108,379 |
|
100,769 |
|
|
|
|
|
|
108,385 |
|
100,769 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
Cydaf Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
8 Little Aston Lane |
|
Little Aston |
|
Sutton Coldfield |
|
Staffordshire |
|
B74 3UF |
