Engine13 Limited - Period Ending 2020-12-29

Engine13 Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Engine13 Limited

(Registration number: 08564805)
Statement of Financial Position as at 29 December 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	283	1,306
Current assets
Debtors	5	96,173	94,223
Cash at bank and in hand		21,877	42,350
		118,050	136,573
Creditors: Amounts falling due within one year	6	(8,958)	(24,243)
Net current assets		109,092	112,330
Net assets		109,375	113,636
Capital and reserves
Called up share capital		100	100
Profit and loss account		109,275	113,536
Shareholder Funds		109,375	113,636

For the financial period ending 29 December 2020 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 period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 28 September 2021
 

.........................................

Mr J D Leeming
Director

Engine13 Limited

Notes to the Unaudited Financial Statements for the Period from 30 June 2019 to 29 December 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St George's House
215 - 219 Chester Road
Manchester
Lancashire
M15 4JE
United Kingdom

These financial statements were authorised for issue by the director on 28 September 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements for the year ended 30 December 2020 comply with FRS 102 Section 1A for small entities.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Engine13 Limited

Notes to the Unaudited Financial Statements for the Period from 30 June 2019 to 29 December 2020

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% Straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2019 - 2).

Engine13 Limited

Notes to the Unaudited Financial Statements for the Period from 30 June 2019 to 29 December 2020

4	Tangible assets

	Computer equipment £	Total £
Cost or valuation
At 30 June 2019	4,703	4,703
At 29 December 2020	4,703	4,703
Depreciation
At 30 June 2019	3,397	3,397
Charge for the year	1,023	1,023
At 29 December 2020	4,420	4,420
Carrying amount
At 29 December 2020	283	283
At 29 June 2019	1,306	1,306

5

Debtors

	2020 £	2019 £
Trade debtors	-	3,717
Other debtors	96,173	90,506
	96,173	94,223

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Taxation and social security	-	10,118
Other creditors	8,958	14,125
	8,958	24,243

Engine13 Limited

Notes to the Unaudited Financial Statements for the Period from 30 June 2019 to 29 December 2020

7	Related party transactions

Transactions with directors

2020	At 30 June 2019 £	Advances to directors £	Repayments by director £	At 29 December 2020 £
Mr J D Leeming
Net advances	66,393	13,827	(14,640)	65,580
Interest charged	2,837	1,721	-	4,558
	69,230	15,548	(14,640)	70,138

2019	At 30 June 2018 £	Advances to directors £	At 29 June 2019 £
Mr J D Leeming
Net advances	55,999	10,394	66,393
Interest charged	1,275	1,562	2,837
	57,274	11,956	69,230