SETSUNAEPIC LTD - Accounts

SETSUNAEPIC LTD - Accounts

SETSUNAEPIC LTD - Company Information

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Registered Number: 13029156


 

 

 

SETSUNAEPIC LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 18 November 2020

End date: 30 November 2021

SETSUNAEPIC LTD
Contents Page
For the period ended 30 November 2021
Director Duy Tuong Do
Registered Number 13029156
Registered Office WESTLINK HOUSE 137D
981 GREAT WEST ROAD BRENTFORD
TW8 9DN
Accountants Circle Cloud Accountants & Consultants LLP
Westlink House
981 Great West Road
London
TW8 9DN
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 November 2021.
Principal activities
The principal activity of the company during the financial period was of retail sale of games and toys in specialised stores, other software publishing, information technology consultancy activities and other information technology service activities.
Director
The director who served the company throughout the period was as follows:
Duy Tuong Do
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Duy Tuong Do
Director

Date approved: 14 July 2022
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 November 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Circle Cloud Accountants & Consultants LLP
Westlink House
981 Great West Road
London
TW8 9DN
14 July 2022
3
 
 		 Notes
 		 2021
£
Current assets    
Cash at bank and in hand 42,526 
Creditors: amount falling due within one year 3 (9,293)
Net current assets 33,233 
 
Total assets less current liabilities 33,233 
Net assets 33,233 
 

Capital and reserves 		   
Called up share capital 4 10,000 
Profit and loss account 23,233 
Shareholder's funds 33,233 
 


For the period ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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 financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 14 July 2022 and were signed by:


--------------------------------
Duy Tuong Do
Director
4
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 18 November 2020 10,000  10,000 
Profit for the period 23,233  23,233 
Total comprehensive income for the period -  -  -  23,233  23,233 
Total investments by and distributions to owners -  -  -  -  - 
At 30 November 2021 10,000  23,233  33,233 
5
General Information
SETSUNAEPIC LTD is a private company, limited by shares, registered in , registration number 13029156, registration address WESTLINK HOUSE 137D, 981 GREAT WEST ROAD BRENTFORD, , TW8 9DN

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred. During the year, the company has spent and invest a lot of money and resources in developing and improving its game product to the highest standard. Therefore, the company has claimed some expenses in relation to this field.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in the previous tax year. The current corporation tax for the period is 5,450
2.

Average number of employees


Average number of employees during the period was 0.
3.

Creditors: amount falling due within one year

2021
£
Corporation Tax 5,450 
Accrued Expenses 2,400 
VAT 1,443 
9,293 

4.

Share Capital

Allotted, called up and fully paid
2021
£
10,000 Class A shares of £1.00 each 10,000 
10,000 

6