Urbanissta Ltd - Accounts to registrar (filleted) - small 18.2

Urbanissta Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07452729 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 NOVEMBER 2018 TO 28 NOVEMBER 2019

FOR

URBANISSTA LTD

URBANISSTA LTD (REGISTERED NUMBER: 07452729)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 30 November 2018 to 28 November 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


URBANISSTA LTD

COMPANY INFORMATION
for the Period 30 November 2018 to 28 November 2019







DIRECTOR: Miss J M Hanslip





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 07452729 (England and Wales)





ACCOUNTANTS: Hanburys Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

URBANISSTA LTD (REGISTERED NUMBER: 07452729)

BALANCE SHEET
28 November 2019

28.11.19 29.11.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,732 2,308

CURRENT ASSETS
Debtors 5 16,245 28,561
Cash at bank and in hand 268,918 294,122
285,163 322,683
CREDITORS
Amounts falling due within one year 6 39,185 41,859
NET CURRENT ASSETS 245,978 280,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,710

283,132

PROVISIONS FOR LIABILITIES 7 899 516
NET ASSETS 249,811 282,616

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 249,711 282,516
SHAREHOLDERS' FUNDS 249,811 282,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

URBANISSTA LTD (REGISTERED NUMBER: 07452729)

BALANCE SHEET - continued
28 November 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2021 and were signed by:





Miss J M Hanslip - Director


URBANISSTA LTD (REGISTERED NUMBER: 07452729)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 30 November 2018 to 28 November 2019

1. STATUTORY INFORMATION

Urbanissta Ltd 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade.
The director will continue to adopt the going concern basis of accounting despite the current economic impact as a
result of COVID-19. The director considers that their available reserves and the availability of continued financial
support will ensure the required working capital be in place for the company to continue operations for the
foreseeable future. If the company were unable to continue to trade adjustments would have to be made to reduce the
value of assets to their realisable amount, to reclassify fixed assets as current assets and to provide for any further
liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 4 years

URBANISSTA LTD (REGISTERED NUMBER: 07452729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 30 November 2018 to 28 November 2019

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method

Taxation
Taxation for the period 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.


URBANISSTA LTD (REGISTERED NUMBER: 07452729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 30 November 2018 to 28 November 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 November 2018 1,898 9,184 11,082
Additions 1,145 2,432 3,577
At 28 November 2019 3,043 11,616 14,659
DEPRECIATION
At 30 November 2018 701 8,073 8,774
Charge for period 557 596 1,153
At 28 November 2019 1,258 8,669 9,927
NET BOOK VALUE
At 28 November 2019 1,785 2,947 4,732
At 29 November 2018 1,197 1,111 2,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.19 29.11.18
£    £   
Trade debtors 10,531 28,561
Other debtors 5,714 -
16,245 28,561

URBANISSTA LTD (REGISTERED NUMBER: 07452729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 30 November 2018 to 28 November 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.19 29.11.18
£    £   
Trade creditors 3,304 2,127
Taxation 17,858 12,241
Social security and other taxes - 2,879
Value added tax 16,343 22,893
Directors' current accounts 3 42
Accruals 1,677 1,677
39,185 41,859

7. PROVISIONS FOR LIABILITIES
28.11.19 29.11.18
£    £   
Deferred tax
Accelerated capital allowances 899 516

Deferred
tax
£   
Balance at 30 November 2018 516
Charge to Statement of Income and Retained Earnings during period 383
Balance at 28 November 2019 899

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.11.19 29.11.18
value: £    £   
100 Ordinary £1 100 100