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FLIPPINIMAGE LIMITED - Company Information

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2017-04-01 06704795 2018-03-31 06704795 2017-04-01 2018-03-31 06704795 2017-03-31 06704795 2015-10-01 2017-03-31 06704795 uk-core:WithinOneYear 2017-03-31 06704795 uk-core:WithinOneYear 2018-03-31 06704795 uk-core:AfterOneYear 2017-03-31 06704795 uk-core:AfterOneYear 2018-03-31 06704795 uk-core:ShareCapital 2018-03-31 06704795 uk-core:ShareCapital 2017-03-31 06704795 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 06704795 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 06704795 uk-bus:Director1 2017-04-01 2018-03-31 06704795 uk-core:ComputerEquipment 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure 06704795 uk-bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 06704795 uk-bus:FRS102 2017-04-01 2018-03-31 06704795 uk-bus:FullAccounts 2017-04-01 2018-03-31 06704795 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
flippinimage limited
Registered Number:06704795
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
flippinimage limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
flippinimage limited
Statement of Financial Position
Registered Number :
06704795
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
3,264
6,874
2
3,264
6,874
Current assets
Trade and other receivables
12,132
20,816
3
981
Cash and cash equivalents
1,107
21,923
13,113
Trade and other payables: amounts falling due within one
year
(16,242)
(25,086)
4
(3,129)
(3,163)
Net current liabilities
Total assets less current liabilities
101
3,745
Trade and other payables: amounts falling due after more
than one year
(3,231)
-
5
101
Net assets
514
Capital and reserves
Called up share capital
1
1
Retained earnings
100
513
101
514
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P E Hawthorne Director
These financial statements were approved and authorised for issue by the Board on 14 November 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
flippinimage limited
Notes to the Financial Statements
Statutory Information
flippinimage limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06704795.
Principal place of business:
Sample Oak Lane
Chilworth
Guildford
Surrey
GU4 8QW
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer Equipment
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 3
5
For the year ended 31 March 2018
flippinimage limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 April 2017
18,051
At 31 March 2018
18,051
Provision for depreciation and impairment
At 01 April 2017
11,177
Charge for year
3,610
At 31 March 2018
14,787
At 31 March 2018
Net book value
3,264
At 31 March 2017
6,874
3. Trade and other receivables
2017
2018
£
£
Trade debtors
24,428
10,889
Other debtors
(3,612)
1,243
12,132
20,816
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
11,976
7,013
Taxation and social security
3,505
2,725
Other creditors
9,605
6,504
25,086
16,242
5. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
-
3,231
6. Average number of persons employed
During the year the average number of employees was 0
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