Company Registration No. 09031820 (England and Wales)
Geek Designs Limited
Unaudited accounts
for the year ended 31 May 2019
Geek Designs Limited
Unaudited accounts
Contents
Geek Designs Limited
Company Information
for the year ended 31 May 2019
Directors
I Bridgestock
A Clementson Walker
Company Number
09031820 (England and Wales)
Registered Office
90 Papyrus Road
Peterborough
Cambridgeshire
PE4 5BH
Accountants
Prospect Accountancy Limited
Pinnacle House
Newark Road
Peterborough
Cambs
PE1 5YD
Geek Designs Limited
Statement of financial position
as at 31 May 2019
Tangible assets
5,093
3,003
Cash at bank and in hand
2,224
2,773
Creditors: amounts falling due within one year
(2,832)
(2,634)
Net current assets
3,643
4,800
Called up share capital
100
100
Profit and loss account
8,636
7,703
Shareholders' funds
8,736
7,803
For the year ending 31 May 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 10 February 2020.
A Clementson Walker
Director
Company Registration No. 09031820
Geek Designs Limited
Notes to the Accounts
for the year ended 31 May 2019
Geek Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 09031820. The registered office is 90 Papyrus Road, Peterborough, Cambridgeshire, PE4 5BH.
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.
These financial statements for the year ended 31 May 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Geek Designs Limited
Notes to the Accounts
for the year ended 31 May 2019
4
Tangible fixed assets
Plant & machinery
Accrued income and prepayments
1,751
1,661
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
2,697
2,499
7
Average number of employees
During the year the average number of employees was 6 (2018: 3).
