Convibo Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08780184 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

CONVIBO LTD

T/A

HOME RUN

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Tschurtschenthaler

P T Malavetas

C Lerke

REGISTERED OFFICE:

We.210

Westbourne Studios

242 Ackram Road

London

W10 5JJ

REGISTERED NUMBER:

08780184 (England and Wales)

FIXED ASSETS

Intangible assets

4

6,245

7,025

Tangible assets

5

18,570

18,865

24,815

25,890

CURRENT ASSETS

Debtors

30,548

31,219

Cash at bank and in hand

184,613

526,966

215,161

558,185

CREDITORS

Amounts falling due within one year

37,211

44,227

NET CURRENT ASSETS

177,950

513,958

TOTAL ASSETS LESS CURRENT LIABILITIES

202,765

539,848

CAPITAL AND RESERVES

Called up share capital

53

46

Share premium

1,608,894

1,102,142

Retained earnings

(1,406,182

)

(562,340

)

SHAREHOLDERS' FUNDS

202,765

539,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 October 2018 and were signed on its behalf by:

G Tschurtschenthaler - Director

1.	STATUTORY INFORMATION

Convibo Ltd 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 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 principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the prior year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Furniture and equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

and 30 September 2018

7,806

AMORTISATION

At 1 October 2017

781

Amortisation for year

780

At 30 September 2018

1,561

NET BOOK VALUE

At 30 September 2018

6,245

At 30 September 2017

7,025

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

27,656

Additions

10,900

Disposals

(458

)

At 30 September 2018

38,098

DEPRECIATION

At 1 October 2017

8,791

Charge for year

10,806

Eliminated on disposal

(69

)

At 30 September 2018

19,528

NET BOOK VALUE

At 30 September 2018

18,570

At 30 September 2017

18,865

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

18,307

21,610

Between one and five years

2,629

27,082

20,936

48,692

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2018 and

30 September 2017:

2018

2017

£

£

C Lerke

Balance outstanding at start of year

6,592

-

Amounts advanced

-

6,592

Amounts repaid

(6,592

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,592