Grubklub Limited

Grubklub Limited

GRUBKLUB LIMITED - Company Information

Print Friendly Version

1 November 2016 false No description of principal activity Taxfiler 2018.3.Web 08238061business:PrivateLimitedCompanyLtd2016-11-012017-10-31 082380612016-10-31 082380612016-11-012017-10-31 08238061business:AuditExempt-NoAccountantsReport2016-11-012017-10-31 08238061business:FullAccounts2016-11-012017-10-31 082380612017-10-31 08238061business:Director12016-11-012017-10-31 08238061business:RegisteredOffice2016-11-012017-10-31 082380612016-10-31 08238061core:WithinOneYear2017-10-31 08238061core:WithinOneYear2016-10-31 08238061core:ShareCapital2017-10-31 08238061core:ShareCapital2016-10-31 08238061core:SharePremium2017-10-31 08238061core:SharePremium2016-10-31 08238061core:RetainedEarningsAccumulatedLosses2017-10-31 08238061core:RetainedEarningsAccumulatedLosses2016-10-31 08238061business:SmallEntities2016-11-012017-10-31 08238061countries:EnglandWales2016-11-012017-10-31 08238061core:ComputerEquipment2016-11-012017-10-31 08238061core:IntangibleAssetsOtherThanGoodwill2016-10-31 08238061core:IntangibleAssetsOtherThanGoodwill2017-10-31 08238061core:IntangibleAssetsOtherThanGoodwill2016-11-012017-10-31 08238061core:ComputerEquipment2016-10-31 08238061core:ComputerEquipment2017-10-31 082380612015-11-012016-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08238061 (England and Wales)
Grubklub Limited Unaudited accounts for the year ended 31 October 2017
Grubklub Limited Unaudited accounts Contents
Page
- 2 -
Grubklub Limited Company Information for the year ended 31 October 2017
Director
Siddharth Vijayakumar
Company Number
08238061 (England and Wales)
Registered Office
WE WORK CORSHAM STREET LONDON N1 6DR ENGLAND
Accountants
Thriveworks Ltd The City Arc 89 Worship Street London EC2A 2BF
- 3 -
Grubklub Limited Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
36,489 
42,400 
Tangible assets
5
1,497 
948 
37,986 
43,348 
Current assets
Debtors
6
25,439 
19,115 
Cash at bank and in hand
27,212 
47,760 
52,651 
66,875 
Creditors: amounts falling due within one year
7
(162,543)
(120,574)
Net current liabilities
(109,892)
(53,699)
Total assets less current liabilities
(71,906)
(10,351)
Provisions for liabilities
Deferred tax
(95)
(190)
Net liabilities
(72,001)
(10,541)
Capital and reserves
Called up share capital
19 
18 
Share premium
731,284 
549,807 
Profit and loss account
(803,304)
(560,366)
Shareholders' funds
(72,001)
(10,541)
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 April 2018.
Siddharth Vijayakumar Director Company Registration No. 08238061
- 4 -
Grubklub Limited Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
Grubklub Limited is a private company, limited by shares, registered in England and Wales, registration number 08238061. The registered office is WE WORK, CORSHAM STREET, LONDON, N1 6DR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2016
59,114 
At 31 October 2017
59,114 
Amortisation
At 1 November 2016
16,714 
Charge for the year
5,911 
At 31 October 2017
22,625 
Net book value
At 31 October 2017
36,489 
At 31 October 2016
42,400 
- 5 -
Grubklub Limited Notes to the Accounts for the year ended 31 October 2017
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2016
1,163 
Additions
1,314 
At 31 October 2017
2,477 
Depreciation
At 1 November 2016
215 
Charge for the year
765 
At 31 October 2017
980 
Net book value
At 31 October 2017
1,497 
At 31 October 2016
948 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
9,149 
2,018 
Accrued income and prepayments
- 
113 
Other debtors
16,290 
16,984 
25,439 
19,115 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
18,464 
13,231 
Taxes and social security
1,617 
3,675 
Other creditors
25,242 
3,050 
Loans from directors
31,704 
32,998 
Accruals
85,516 
- 
Deferred income
- 
67,620 
162,543 
120,574 
8
Average number of employees
During the year the average number of employees was 7 (2016: 7).
- 6 -