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 Period 1 August 2020 to 31 December 2020 |
| for |
| Roadvert Limited |
| Roadvert Limited (Registered number: SC166891) |
| Contents of the Financial Statements |
| for the Period 1 August 2020 to 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Roadvert Limited |
| Company Information |
| for the Period 1 August 2020 to 31 December 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Sandyford Place |
| Glasgow |
| G3 7NG |
| Roadvert Limited (Registered number: SC166891) |
| Balance Sheet |
| 31 December 2020 |
| 31.12.20 | 31.7.20 |
| 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 |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| Roadvert Limited (Registered number: SC166891) |
| Balance Sheet - continued |
| 31 December 2020 |
| 31.12.20 | 31.7.20 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Revaluation reserve | 10 |
| Retained earnings | 10 | (814,693 | ) | (777,655 | ) |
| 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. |
| 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 |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements |
| for the Period 1 August 2020 to 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Roadvert Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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 |
| Plant and machinery | - |
| 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. |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Period 1 August 2020 to 31 December 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| Grant income |
| Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Computer |
| licences | software | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2020 |
| and 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 July 2020 |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Period 1 August 2020 to 31 December 2020 |
| 4. | INTANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 December 2020 is represented by: |
| Patents |
| and | Computer |
| licences | software | Totals |
| £ | £ | £ |
| Valuation in 2016 | - | 252,225 | 252,225 |
| Cost | 135,115 | 26,775 | 161,890 |
| 135,115 | 279,000 | 414,115 |
| 5. | TANGIBLE FIXED ASSETS |
| Fittings |
| Plant and | and | Computer |
| machinery | equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2020 |
| and 31 December 2020 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for period |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 July 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.20 | 31.7.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Roadvert Limited (Registered number: SC166891) |
| Notes to the Financial Statements - continued |
| for the Period 1 August 2020 to 31 December 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.20 | 31.7.20 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.20 | 31.7.20 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years | 4,167 | 16,667 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.20 | 31.7.20 |
| value: | £ | £ |
| Ordinary | £0.00 | 1 | 259 | 259 |
| 10. | RESERVES |
| Retained | Share | Revaluation |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 August 2020 | (777,655 | ) | 298,293 |
| Deficit for the period | ( |
) | ( |
) |
| At 31 December 2020 | ( |
) | 261,255 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr T L Craig. |