Roadvert Limited - Accounts to registrar (filleted) - small 18.2
Roadvert Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2019 |
| for |
| Roadvert Limited |
| Roadvert Limited (Registered number: SC166891) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Roadvert Limited |
| Company Information |
| for the Year Ended 31 July 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Sandyford Place |
| Glasgow |
| G3 7NG |
| Roadvert Limited (Registered number: SC166891) |
| Balance Sheet |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stock |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Revaluation reserve | 9 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Roadvert Limited (Registered number: SC166891) |
| Balance Sheet - continued |
| 31 July 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on and were signed on its behalf by: |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2019 |
| 1. | STATUTORY INFORMATION |
| Roadvert Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared on the going concern basis of accounting which assumes the continuing |
| support of its related company and of its directors. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Patents |
| Patents are stated at Directors' valuation. |
| Software development |
| Software Development is included at Directors valuation. |
| Tangible fixed assets |
| Fittings and equipment | - |
| Computer equipment | - |
| Stocks |
| Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
| and slow moving items. |
| Financial instruments |
| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable |
| or payable within one year, are recorded at transaction price. Any losses arising from impairment are |
| recognised in the profit and loss account in administrative expenses. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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. |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Computer |
| licences | software | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2018 |
| Additions |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| Cost or valuation at 31 July 2019 is represented by: |
| Patents |
| and | Computer |
| licences | software | Totals |
| £ | £ | £ |
| Valuation in 2016 |
| Cost |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Fittings |
| Plant and | and | Computer |
| machinery | equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2018 |
| Additions |
| At 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £0.00 | 1 |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 9. | RESERVES |
| Retained | Share | Revaluation |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 August 2018 | ( |
) |
| Profit for the year |
| At 31 July 2019 | ( |
) |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Thomas Lawrence Craig. |