ACCOUNTS - Final Accounts

6TRIBES LTD - Company Information

Print Friendly Version

Registered number: 09275364

6TRIBES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2019

6TRIBES LTD

REGISTERED NUMBER: 09275364

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019		2018
Note		£		£


Current assets
Cash at bank and in hand	4	164		170
		164		170
Creditors: amounts falling due within one year	5	(10,132)		(7,584)
Net current liabilities			(9,968)		(7,414)
Total assets less current liabilities			(9,968)		(7,414)

Net liabilities			(9,968)		(7,414)

Capital and reserves
Called up share capital	138	138
Share premium account	1,160,094	1,160,094
Profit and loss account	(1,170,200)	(1,167,646)
	(9,968)	(7,414)

Page 1

6TRIBES LTD

REGISTERED NUMBER: 09275364

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2019

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2019.

A M Rose

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

6TRIBES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

6Tribes Ltd is a private company limited by shares, incorporated in England and Wales. The registered office address is 23 Sir John Lyon House, 8 High Timber Street, Blackfriars, London, EC4V 3PA.
The functional currency used in the preparation of the financial statements is Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months.

As at 31 March 2019, the company had net liabilities of £9,968. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

2.3

Interest income

Interest income is recognised in the Income Statement using the effective interest method.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).

Page 3

6TRIBES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

4.	Cash and cash equivalents
		2019	2018
		£	£

Cash at bank and in hand	164	168
	164	168

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Other creditors	7,632	5,084
Accruals and deferred income	2,500	2,500
	10,132	7,584

Page 4