Undergreen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07230919 (England and Wales)

UNDERGREEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R W B Cowling

REGISTERED OFFICE:

Crown Lodge

Cantelupe Road

East Grinstead

West Sussex

RH19 3BJ

REGISTERED NUMBER:

07230919 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

CURRENT ASSETS

Debtors

3

7,200

4,700

Cash at bank

1,380

65

8,580

4,765

CREDITORS

Amounts falling due within one year

4

8,425

4,665

NET CURRENT ASSETS

155

100

TOTAL ASSETS LESS CURRENT LIABILITIES

155

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55

-

SHAREHOLDERS' FUNDS

155

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:

R W B Cowling - Director

1.	STATUTORY INFORMATION

Undergreen Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its

performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates

and VAT. The following criteria must be also be met before revenue is recognised:

Consultancy

Revenue from consultancy is recognised as the company becomes entitled to consideration for the services

supplied. Therefore income includes the element of work completed but not yet invoiced.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Other debtors

7,200

4,700

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Taxation and social security

4,602

1,791

Other creditors

3,823

2,874

8,425

4,665

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2019 and

30 April 2018:

30.4.19

30.4.18

£

£

R W B Cowling

Balance outstanding at start of year

1,900

-

Amounts advanced

4,700

1,900

Amounts repaid

(1,900

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,700

1,900

6.	RELATED PARTY DISCLOSURES

The company is controlled by the director R W B Cowling by virtue of his shareholding.