Resinio Ltd
Registered number: 07794151
Abbreviated accounts
For the Period 1 November 2014 to 31 December 2015
Hollywater Ltd
Chartered Certified Accountants
Antrobus House
College Street
Petersfield
Hampshire
GU31 4AD
Resinio Ltd
Company No. 07794151
Abbreviated Balance Sheet
31 December 2015
Abbreviated Balance Sheet
| Period to 31 December 2015 | 31 October 2014 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| Investments | 3 |
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| 1,940 | 594 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Resinio Ltd
Company No. 07794151
Abbreviated Balance Sheet (continued)
31 December 2015
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
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Resinio Ltd
Notes to the Abbreviated Accounts
For the Period 1 November 2014 to 31 December 2015
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern Disclosure
Although the balance sheet is negative, the directors have indicated their intention to support the company for the foreseeable future, a period not expected to be less than one year.
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 on research and development is written off in the year it is incurred.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Office Equipment |
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| Computer Equipment |
|
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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Resinio Ltd
Notes to the Abbreviated Accounts (continued)
For the Period 1 November 2014 to 31 December 2015
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Provision | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Investments in subsidiaries
Resin Ltd holds 100% of the common stock of Resin Inc, a company incorporated in the USA. Resin Inc is involved in the development of information systems and software.
The Aggregate capial & reserves of Resin inc are (£23,084) at the balance sheet date (£1 in FY 2014)
The loss for the year to 31.12.15 is £349,514, (loss of £23,085 in 2014)
The group qualifies as small in accordance with s.383 CA 2006, the parent company also qualifies as small and is not required to prepare group accounts and the individual company accounts of the parent and subsidiaries are exempt from audit under s.479.
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Resinio Ltd
Notes to the Abbreviated Accounts (continued)
For the Period 1 November 2014 to 31 December 2015
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