Exposure 4 Limited Small abridged accounts
Exposure 4 Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
04457636
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Abridged Financial Statements |
Year ended 30 June 2017
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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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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-------- |
-------- |
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Net current liabilities |
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-------- |
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Total assets less current liabilities |
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Abridged Statement of Financial Position (continued) |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 October 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04457636
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Notes to the Abridged Financial Statements |
Year ended 30 June 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Impairment of fixed assets
Stocks
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
1
(2016:
1
).
5.
Tangible assets
£ |
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Cost |
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At 1 July 2016 and 30 June 2017 |
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Depreciation |
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At 1 July 2016 |
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Charge for the year |
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--------- |
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At 30 June 2017 |
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Carrying amount |
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At 30 June 2017 |
24,648 |
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At 30 June 2016 |
30,048 |
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6.
Related party transactions
The company was under the control of its parent company throughout the current and previous year. Advantage Management Group Limited is a related party of the company because both companies are 100% subsidiaries of Meeting Minds Holdings Limited (see note 10). At the year end, the company is due £230 (2016: £348) from the ultimate parent company.
7.
Controlling party
The company's holding company is Meeting Minds Holdings Limited, a company registered in England and Wales.
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.
No transitional adjustments were required in equity or profit or loss for the year.