EIS Platforms Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08018312 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

EIS PLATFORMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D M Rodwell

REGISTERED OFFICE:

4th Floor, Candlewick House

120 Cannon Street

London

EC4N 6AS

REGISTERED NUMBER:

08018312 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

CURRENT ASSETS

Debtors

5

59,267

28,169

Cash at bank and in hand

30,431

36,359

89,698

64,528

CREDITORS

Amounts falling due within one year

6

401,430

292,739

NET CURRENT LIABILITIES

(311,732

)

(228,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(311,732

)

(228,211

)

CAPITAL AND RESERVES

Called up share capital

7

3,188

1,974

Share premium

758,628

417,522

Retained earnings

(1,073,548

)

(647,707

)

SHAREHOLDERS' FUNDS

(311,732

)

(228,211

)

(311,732

)

(228,211

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 28 January 2019 and were signed by:

D M Rodwell - Director

1.	STATUTORY INFORMATION

EIS Platforms Ltd 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

Going concern

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.

The financial statements have been prepared on the going concern basis and the directors confirm their belief in

the company's ability to continue as a going concern for a period of at least twelve months from the date of

approval of these financial statements.

Turnover

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

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

575

DEPRECIATION

At 1 May 2017

and 30 April 2018

575

NET BOOK VALUE

At 30 April 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

55,113

19,143

Other debtors

4,154

9,026

59,267

28,169

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

183,876

80,650

Taxation and social security

16,390

8,446

Other creditors

201,164

203,643

401,430

292,739

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

318,772

Ordinary

£0.01

3,188

1,974

During the year the company issued and allotted 57 ordinary £1 shares (2017: 84 ordinary £1 shares) for a total

consideration of £131,784 (2017: £215,016), of which £20,808 (2017: £123,062) was received in cash and

£110,976 (2017: £91,954) was in exchange for services provided.

During the year the company sub-divided each ordinary £1 share into 100 £0.01 Ordinary shares.

After the sub division of the £1.00 ordinary shares the company issued 115,672 Ordinary £0.01 shares (2017:0)

for a total consideration of £231,344 (2017:£0).

Furthermore, the Company received cash during the year of £34,940 and services of £74,242 that resulted in a

further 22,284 Ordinary £0.01 shares being issued after the year end. The total of £109,182 is included in other

creditors.

8.	RELATED PARTY DISCLOSURES

During the year the company was charged £60,000 (2017:£60,000) for the Consultancy fees by Rodwell Trading

Limited, company in which the director has common control.