PHS Space Ltd - Accounts to registrar (filleted) - small 18.2
PHS Space Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2018 |
| FOR |
| PHS SPACE LTD |
| PHS SPACE LTD (REGISTERED NUMBER: 05794582) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 March 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PHS SPACE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 March 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4th Floor |
| Radius House |
| 51 Clarendon Road |
| Watford |
| Hertfordshire |
| WD17 1HP |
| PHS SPACE LTD (REGISTERED NUMBER: 05794582) |
| ABRIDGED BALANCE SHEET |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Retained earnings | 5 |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| PHS SPACE LTD (REGISTERED NUMBER: 05794582) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| PHS Space Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Grant income |
| Upon receipt grants are initially recorded as deferred income on the balance sheet and released to the profit and |
| loss account in the period in which the work is undertaken. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 5. | RESERVES |
| Reserves - £3,971 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2018 and |
| 31 March 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| PHS SPACE LTD (REGISTERED NUMBER: 05794582) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 March 2018 |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 8. | EU GRANTS |
| Deferred Grant income brought forward was in relation to advances of £45,417 from ReDSHIFT and £33,945 |
| from TeSer for EU Horizon 2020 Research Projects. The revenue representing the proportion of the contract |
| work actually performed during the year has been recognised in the profit and loss account. The balance has |
| been carried forward as deferred income. |