GETUM LIMITED

GETUM LIMITED

GETUM LIMITED - Company Information

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Acorah Software Products - Accounts Production 6.1.031 false No description of principal activity 1 April 2016 31 March 2017 31 March 2017 07200561 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07200561 2016-03-31 07200561 2017-03-31 07200561 2016-04-01 2017-03-31 07200561 frs-core:CurrentFinancialInstruments 2017-03-31 07200561 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 07200561 frs-core:Non-currentFinancialInstruments 2017-03-31 07200561 frs-core:Non-currentFinancialInstruments 2016-04-01 2017-03-31 07200561 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 07200561 frs-core:CurrentFinancialInstruments 2017-03-31 07200561 frs-core:AfterOneYear 2016-04-01 2017-03-31 07200561 frs-core:BetweenOneFiveYears 2016-04-01 2017-03-31 07200561 frs-core:BetweenOneFiveYears 2017-03-31 07200561 frs-core:ComputerEquipment 2017-03-31 07200561 frs-core:ComputerEquipment 2016-04-01 2017-03-31 07200561 frs-core:ComputerEquipment 2016-03-31 07200561 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Registered number: 07200561
GETUM LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2017
Halls Chartered Accountants

Chartered Institute of Management Accountants

30 Chandler Drive
Kingswinford
West Midlands
DY6 7LQ
GETUM LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
GETUM LIMITED
Balance Sheet
As at 31 March 2017
Balance Sheet
Registered number: 07200561
2017 2016
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 5,392 5,392
Tangible Assets 6 3,814 5,085
9,206 10,477
CURRENT ASSETS
Cash at bank and in hand 7,916 3,954
7,916 3,954
Creditors: Amounts Falling Due Within One Year 7 (90,447 ) (70,147 )
NET CURRENT ASSETS (LIABILITIES) (82,531 ) (66,193 )
TOTAL ASSETS LESS CURRENT LIABILITIES (73,325 ) (55,716 )
Creditors: Amounts Falling Due After More Than One Year 8 (57,325 ) (57,325 )
NET ASSETS (130,650 ) (113,041 )
CAPITAL AND RESERVES
Called up share capital 9 9,179 179
Share premium account 149,976 149,976
Profit and loss account (289,805 ) (263,196 )
SHAREHOLDERS' FUNDS (130,650) (113,041)
Page 1
GETUM LIMITED
Balance Sheet (continued)
As at 31 March 2017
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
Mr Ian Seddon
30/12/2017

The notes on pages 4 to 5 form part of these financial statements.
Page 2
GETUM LIMITED
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
Share Capital Share Premium Profit & Loss Account Total
£ £ £ £
As at 1 April 2015 179 149,976 (231,309 ) (81,154)
Loss for the year and total comprehensive income - - (31,887 ) (31,887)
As at 31 March 2016 and 1 April 2016 179 149,976 (263,196 ) (113,041)
Loss for the year and total comprehensive income - - (26,609 ) (26,609)
As at 31 March 2017 9,179 149,976 (289,805 ) (130,650)
Page 3
GETUM LIMITED
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Intangible fixed assets and amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
1.4. 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:
Computer Equipment 25% reducing balance
1.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average number of employees
Average number of employees, including directors, during the year was as follows:
5. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2016 5,392
As at 31 March 2017 5,392
Net Book Value
As at 31 March 2017 5,392
As at 1 April 2016 5,392
Page 4
GETUM LIMITED
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
6. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2016 9,040
As at 31 March 2017 9,040
Depreciation
As at 1 April 2016 3,955
Provided during the period 1,271
As at 31 March 2017 5,226
Net Book Value
As at 31 March 2017 3,814
As at 1 April 2016 5,085
7. Creditors: Amounts Falling Due Within One Year
2017 2016
£ £
Accruals and deferred income 3,208 3,208
Directors' loan accounts 87,239 66,939
90,447 70,147
8. Creditors: Amounts Falling Due After More Than One Year
2017 2016
£ £
Amounts owed to other participating interests 30,000 30,000
Amounts owed to related parties 27,325 27,325
57,325 57,325
9. Share Capital
Value Number 2017 2016
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 9179 9,179 179
10. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
11. General Information
GETUM LIMITED Registered number 07200561 is a limited by shares company incorporated in England & Wales. The Registered Office is Dale House, Ennerdale Road, Shrewsbury, Shropshire, SY1 3LD.
Page 5