Infield 3D Advertising Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06339857 (England and Wales)

AUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

INFIELD 3D ADVERTISING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Sondergaard

REGISTERED OFFICE:

C/o Onside Law Limited

642a Kings Road

London

SW6 2DU

REGISTERED NUMBER:

06339857 (England and Wales)

SENIOR STATUTORY AUDITOR:

Lee Daley ACA FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

FIXED ASSETS

Intangible assets

4

-

55,885

CURRENT ASSETS

Debtors

5

900

61,078

Cash at bank

-

29,210

900

90,288

CREDITORS

Amounts falling due within one year

6

-

93,436

NET CURRENT ASSETS/(LIABILITIES)

900

(3,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

900

52,737

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

-

51,837

SHAREHOLDERS' FUNDS

900

52,737

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 director on 17 November 2018 and were signed by:

C J Sondergaard - Director

1.	STATUTORY INFORMATION

Infield 3D Advertising 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 company ceased to trade at the end of the year and will

remain as a dormant company. Accordingly the accounts are prepared on a break-up basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount

receivable for goods and services supplied, net of returns, discounts and value added taxes.

Revenue is recognised when goods and services are delivered to the customer, such that the risks and

rewards of ownership have passed to them.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of a business in 2012, is being amortised

evenly over its estimated useful life of 6 years, subject to an annual impairment review.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

277,500

Disposals

(277,500

)

At 30 June 2018

-

AMORTISATION

At 1 July 2017

221,615

Amortisation for year

46,250

Eliminated on disposal

(277,500

)

Impairments

9,635

At 30 June 2018

-

NET BOOK VALUE

At 30 June 2018

-

At 30 June 2017

55,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

33,630

Amounts owed by participating interests

900

18,448

Other debtors

-

9,000

900

61,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

25,283

Amounts owed to participating interests

-

40,750

Taxation and social security

-

10,403

Other creditors

-

17,000

-

93,436

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley ACA FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

8.	CONTROLLING PARTIES

The immediate parent undertaking is Amayse Ltd, a company registered in England and Wales. The registered

address is C/o Onside Law Limited, 642a Kings Road, London, SW6 2DU.

The ultimate controlling party is considered to be Erhvervsinvest, a Danish Investment company, who have

control of Amayse Investment A/S in Denmark.