SugarBugClub Ltd
SugarBugClub Ltd
Registered number: 10286935
Unaudited Financial Statements
For the Period 19 July 2016 to 31 July 2017
Taylor Roberts
Unit 9b
Upper Wingbury Farm
Wingrave
Aylesbury
HP22 4LW
SugarBugClub Ltd
Unaudited Financial Statements
For the Period 19 July 2016 to 31 July 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
SugarBugClub Ltd
Balance Sheet
As at
31 July 2017
Balance Sheet
Registered number:
10286935
For the period ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 July 2017 | |||
|---|---|---|---|
| Notes | £ | £ | |
| Creditors: Amounts Falling Due Within One Year | 3 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 4 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (32,972) | ||
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 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 section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
SugarBugClub Ltd
Balance Sheet (continued)
As at
31 July 2017
The notes on pages 3 to 4 form part of these financial statements.
Page 2
SugarBugClub Ltd
Notes to the Unaudited Accounts
For the Period 19 July 2016 to 31 July 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.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover represents net invoiced sales of educational materials, excluding value added tax.
1.4.
Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year, and loans from directors who are also shareholders), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, and loans from directors who are also shareholders, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| Period to 31 July 2017 | |
|---|---|
| Employees |
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3.
Creditors: Amounts Falling Due Within One Year
| Period to 31 July 2017 | |
|---|---|
| £ | |
| Accruals and deferred income |
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| Directors' loan accounts |
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Page 3
SugarBugClub Ltd
Notes to the Unaudited Accounts (continued)
For the Period 19 July 2016 to 31 July 2017
5.
General Information
SugarBugClub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10286935 . The registered office is Fairmile House, 2 Waterford Close, Cobham, Surrey, KT11 1BF.
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