RADIANT SYSTEMS EUROPE LIMITED - Accounts

RADIANT SYSTEMS EUROPE LIMITED - Accounts

RADIANT SYSTEMS EUROPE LIMITED - Company Information

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Registered Number: 05994872
England and Wales

 

 

 

RADIANT SYSTEMS EUROPE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

RADIANT SYSTEMS EUROPE LIMITED
Contents Page
For the year ended 31 December 2019
  2019   2018
    £ £   £ £
Fixed assets   0      18 
Current assets 278,256      321,477   
Prepayments and accrued income 4,178      20,420   
Creditors: amount falling due within one year (382,290)     (419,129)  
Net current assets   (99,856)     (77,232)
Total assets less current liabilities   (99,856)     (77,214)
Creditors: amount falling due after more than one year   0      (1,043)
Provisions for liabilities   (128)     (2,205)
Net assets   (99,984)     (80,462)
 

         
Capital and reserves   (99,984)     (80,462)
 
NOTES TO THE ACCOUNTS

General Information
RADIANT SYSTEMS EUROPE LIMITED is a private company, limited by shares , registered in England and Wales , registration number 05994872 , registration address 5th Floor Hyde Park Hayes 3, 11 Millington Road, Hays, UB3 4AZ.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average No of Employees

The average number of person employed by the company during the year was 4 (2019 : 4)

3.

Director Loan

The director owed £8,826 to the company as on 31st December 2019 and it will be repaid by end of the year.

For the year ended 31 December 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 21 September 2020 and were signed by:


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Vinod Koduru
Director
1