Platform 6 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10780316 (England and Wales)

PLATFORM 6 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 MAY 2017 TO 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M W Stevenson

REGISTERED OFFICE:

6 St Mary's Lane

Warmington

Peterborough

Northamptonshire

PE8 6UA

REGISTERED NUMBER:

10780316 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,033

CURRENT ASSETS

Debtors

5

26,724

Cash at bank

64,210

90,934

CREDITORS

Amounts falling due within one year

6

(68,183

)

NET CURRENT ASSETS

22,751

TOTAL ASSETS LESS CURRENT LIABILITIES

23,784

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

23,774

SHAREHOLDERS' FUNDS

23,784

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

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

The director acknowledges his 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 Profit and loss has not been delivered.

The financial statements were approved by the director on 28 August 2018 and were signed by:

Mr M W Stevenson - Director

1.	STATUTORY INFORMATION

Platform 6 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section

1A "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 financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. The policies adopted for the recognition of turnover are as follows:

Permanent placements

When the outcome of a permanent placement of a candidate can be estimated reliably, turnover is recognised

by reference to the stage of completion at the balance sheet date. Stage of completion is measured by

reference to the date on which the candidate commences employment.

Contract workers

When the outcome of a services undertaken by contract workers can be estimated reliably, costs and turnover

are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is

measured by reference to the time undertaken by the contract worker in that period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the period end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,502

At 31 May 2018

1,502

DEPRECIATION

Charge for period

469

At 31 May 2018

469

NET BOOK VALUE

At 31 May 2018

1,033

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

26,248

VAT

139

Prepayments and accrued income

337

26,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

24

Corporation tax

13,238

Directors' current accounts

53,446

Accruals and deferred income

1,475

68,183

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.