Informetis Europe Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09318672 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Informetis Europe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Y Abe

Y Honda

T Tadano

SECRETARY:

REGISTERED OFFICE:

Future Business Centre

Kings Hedges Road

Cambridge

CB4 2HY

REGISTERED NUMBER:

09318672 (England and Wales)

ACCOUNTANTS:

Watermill Accounting Limited

Future Business Centre

Kings Hedges Road

Cambridge

Cambridgeshire

CB4 2HY

FIXED ASSETS

Tangible assets

4

5,144

1,216

CURRENT ASSETS

Debtors

5

61,120

31,900

Cash at bank

89,775

112,833

150,895

144,733

CREDITORS

Amounts falling due within one year

6

(17,970

)

(28,117

)

NET CURRENT ASSETS

132,925

116,616

TOTAL ASSETS LESS CURRENT LIABILITIES

138,069

117,832

CAPITAL AND RESERVES

Called up share capital

130,000

130,000

Retained earnings

8,069

(12,168

)

138,069

117,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 August 2018 and were signed on its behalf by:

Y Abe - Director

1.	STATUTORY INFORMATION

Informetis Europe Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company is that of research and experimental development of smart sensors and

artificial intelligence.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical

accounting estimates. The directors do not consider there to be any key sources of estimation and uncertainty

when applying the accounting policies.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and

the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also

be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provide in

accordance with the stage of completion of the contract when all the following conditions are satisfied:

- the amount of turnover can be measure reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the

asset to the location and condition necessary for it to be capable of operating in the manner intended by

management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful

lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment - 30%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting.

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the

dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items

measured at historical cost are translated using the exchange rate at the date of transaction and non-monetary

items measured at fair value are measured using the exchange rate when fair value was determined.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,698

Additions

5,146

At 31 March 2018

6,844

DEPRECIATION

At 1 April 2017

482

Charge for year

1,218

At 31 March 2018

1,700

NET BOOK VALUE

At 31 March 2018

5,144

At 31 March 2017

1,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

as restated

£

£

Trade debtors

49,140

20,632

Other debtors

11,980

11,268

61,120

31,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

as restated

£

£

Trade creditors

12,573

3,228

Taxation and social security

5,205

830

Other creditors

192

24,059

17,970

28,117