8fifty4 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08922984 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

8fifty4 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S McMullen

Mr L D McMullen

REGISTERED OFFICE:

21 Greywethers Avenue

Swindon

Wiltshire

SN3 1QG

REGISTERED NUMBER:

08922984 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Tangible assets

4

6,122

5,361

CURRENT ASSETS

Debtors

5

35,551

58,911

Cash at bank and in hand

37,326

36,038

72,877

94,949

CREDITORS

Amounts falling due within one year

6

58,032

86,021

NET CURRENT ASSETS

14,845

8,928

TOTAL ASSETS LESS CURRENT LIABILITIES

20,967

14,289

PROVISIONS FOR LIABILITIES

7

1,163

1,019

NET ASSETS

19,804

13,270

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

19,704

13,170

SHAREHOLDERS' FUNDS

19,804

13,270

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 14 December 2018 and were signed on its behalf by:

Mr L D McMullen - Director

1.	STATUTORY INFORMATION

8fifty4 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

8,239

Additions

2,623

At 31 March 2018

10,862

DEPRECIATION

At 1 April 2017

2,878

Charge for year

1,862

At 31 March 2018

4,740

NET BOOK VALUE

At 31 March 2018

6,122

At 31 March 2017

5,361

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

35,551

58,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Corporation tax

6,512

789

Social security and other taxes

-

1,901

VAT

3,938

4,924

Other creditors

-

6,816

Directors' current accounts

47,107

71,141

Accrued expenses

475

450

58,032

86,021

7.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

1,163

1,019

Deferred

tax

£

Balance at 1 April 2017

1,019

Charge to Income Statement during year

144

Balance at 31 March 2018

1,163

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2017

13,170

Profit for the year

41,534

Dividends

(35,000

)

At 31 March 2018

19,704

10.	RELATED PARTY DISCLOSURES

The company is under the control of its directors and shareholders and has no ultimate controlling party.