Cyberoid Ltd - Period Ending 2018-02-28
Cyberoid Ltd - Period Ending 2018-02-28
Registration number:
Cyberoid Ltd
for the Period from 21 February 2017 to 28 February 2018
Globe Square
Dukinfield
Manchester
SK16 4RF
Cyberoid Ltd
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Cyberoid Ltd
Company Information
Director |
Mr Marios Papadimitri |
Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cyberoid Ltd
for the Period Ended 28 February 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cyberoid Ltd for the period ended 28 February 2018 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Cyberoid Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cyberoid Ltd and state those matters that we have agreed to state to the Board of Directors of Cyberoid Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cyberoid Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cyberoid Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cyberoid Ltd. You consider that Cyberoid Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Cyberoid Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Dukinfield
Manchester
SK16 4RF
Page 2 |
Cyberoid Ltd
(Registration number: 10630424)
Abridged Balance Sheet as at 28 February 2018
Note |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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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 |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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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 accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 3 |
Cyberoid Ltd
(Registration number: 10630424)
Abridged Balance Sheet as at 28 February 2018
Approved and authorised by the
.........................................
Mr Marios Papadimitri
Director
Page 4 |
Cyberoid Ltd
Notes to the Abridged Financial Statements for the Period from 21 February 2017 to 28 February 2018
General information |
The company is a private company limited by share capital incorporated in UK.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
50% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 5 |
Cyberoid Ltd
Notes to the Abridged Financial Statements for the Period from 21 February 2017 to 28 February 2018
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 28 February 2018 |
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Depreciation |
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Charge for the |
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At 28 February 2018 |
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Carrying amount |
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At 28 February 2018 |
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Transition to FRS 102 |
The transition to FRS102 Section 1A for Small Entities has not resulted in any changes to
accounting policies to those used previously.
Page 6 |