Kobic Limited - Accounts to registrar (filleted) - small 18.2

Kobic Limited - Accounts to registrar (filleted) - small 18.2

KOBIC LIMITED - Company Information

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REGISTERED NUMBER: SC081524 (Scotland)













KOBIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






KOBIC LIMITED (REGISTERED NUMBER: SC081524)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

KOBIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Dr R E Lister
Dr L A Willner





REGISTERED OFFICE: c/o Hardie Caldwell LLP
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY





REGISTERED NUMBER: SC081524 (Scotland)





ACCOUNTANTS: Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY
Page 1
KOBIC LIMITED (REGISTERED NUMBER: SC081524)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 5 1,400 1,400
Cash at bank 11,966 14,889
13,366 16,289
CREDITORS
Amounts falling due within one year 6 20,100 19,719
NET CURRENT LIABILITIES (6,734 ) (3,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(6,734
)
(3,430
)

CAPITAL AND RESERVES
Called up share capital 7 80 80
Retained earnings (6,814 ) (3,510 )
SHAREHOLDERS' FUNDS (6,734 ) (3,430 )

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 18 December 2018 and were signed on its behalf
by:





Dr R E Lister - Director


The notes form part of these financial statements

Page 2
KOBIC LIMITED (REGISTERED NUMBER: SC081524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Kobic Limited is a private company, limited by shares, registered in Scotland. The company's registered number
is SC081524 and its registered office is c/o Hardie Caldwell LLP, Citypoint 2, 25 Tyndrum Street, Glasgow, G4
0JY.

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.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from
preparing the financial statements in accordance with FRSSE 2015 to FRS 102 (1A) has had no material impact
on the financial position and the financial performance of the company.

Tangible fixed assets
Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their
estimated useful lives as follows:

Computer Equipment 33.3% reducing balance

All assets held are now fully depreciated.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Debtors
Trade debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable
amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of
maturity, being twelve months or less, from the opening of the deposit or similar account. In the balance sheet
bank overdrafts are shown within creditors.

Creditors
Other creditors are recognised where the company has a present obligation resulting from a past event and are
recognised at the settlement amount due after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
KOBIC LIMITED (REGISTERED NUMBER: SC081524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2017
and 31 March 2018 358
DEPRECIATION
At 1 April 2017
and 31 March 2018 358
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,400 1,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 20,100 19,719

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
80 Ordinary £1 80 80

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KOBIC LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Kobic Limited for the year ended 31 March 2018 which comprise the Income Statement, Other
Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kobic Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kobic Limited and state those matters that we have agreed to state to the Board of Directors of Kobic Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kobic Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kobic Limited. You consider that Kobic Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kobic Limited. 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 financial statements.






Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY


18 December 2018

This page does not form part of the statutory financial statements

Page 5