SUGARWISE

SUGARWISE

SUGARWISE - Company Information

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1 April 2018 false No description of principal activity Taxfiler 2019.11.Web 10700520business:CompanyLimitedByGuarantee2018-04-012019-03-31 107005202018-03-31 107005202018-04-012019-03-31 10700520business:AuditExemptWithAccountantsReport2018-04-012019-03-31 10700520business:FullAccounts2018-04-012019-03-31 107005202019-03-31 10700520business:Director12018-04-012019-03-31 10700520business:Director22018-04-012019-03-31 10700520business:Director32018-04-012019-03-31 10700520business:Director42018-04-012019-03-31 10700520business:RegisteredOffice2018-04-012019-03-31 107005202018-03-31 10700520core:WithinOneYear2019-03-31 10700520core:WithinOneYear2018-03-31 10700520core:RetainedEarningsAccumulatedLosses2019-03-31 10700520core:RetainedEarningsAccumulatedLosses2018-03-31 10700520business:SmallEntities2018-04-012019-03-31 10700520countries:EnglandWales2018-04-012019-03-31 107005202017-03-302018-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10700520 (England and Wales)
SUGARWISE Financial Statement for the year ended 31 March 2019
SUGARWISE Financial Statement Contents
Page
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SUGARWISE Company Information for the year ended 31 March 2019
Directors
Sara Platings Rasik Kotecha Dr. Giles Yeo Stephen Richard Pugh
Company Number
10700520 (England and Wales)
Registered Office
5 SIGNET COURT SWANN ROAD CAMBRIDGE CB5 8LA UNITED KINGDOM
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SUGARWISE Accountants' report
Accountants' report to the board of directors of SUGARWISE on the preparation of the unaudited statutory accounts for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SUGARWISE for the year ended 31 March 2019 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SUGARWISE, as a body, in accordance with the terms of our engagement letter dated 18 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of SUGARWISE and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SUGARWISE and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SUGARWISE has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SUGARWISE. You consider that SUGARWISE is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SUGARWISE. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
20 December 2019
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SUGARWISE Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Current assets
Debtors
4
- 
220 
Cash at bank and in hand
10,650 
9,150 
10,650 
9,370 
Creditors: amounts falling due within one year
5
(70,969)
(63,839)
Net current liabilities
(60,319)
(54,469)
Net liabilities
(60,319)
(54,469)
Reserves
6
Profit and loss account
(60,319)
(54,469)
Members' funds
(60,319)
(54,469)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 December 2019.
Sara Platings Director Company Registration No. 10700520
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SUGARWISE Notes to the Accounts for the year ended 31 March 2019
1
Statutory information
SUGARWISE is a private company, limited by guarantee, registered in England and Wales, registration number 10700520. The registered office is 5 SIGNET COURT, SWANN ROAD, CAMBRIDGE, CB5 8LA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2019 
2018 
£ 
£ 
Other debtors
- 
220 
5
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Loans from directors
63,839 
63,839 
Accruals
7,130 
- 
70,969 
63,839 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Transactions with related parties
During the financial year company paid remuneration to its director Ms Platings and office rent to Mr. Rasik Kotecha .
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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