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

REGISTERED NUMBER: 06555935 (England and Wales)

Financial Statements for the Year Ended 30 April 2018

for

Disrepublic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L C E Paul

M Paul

REGISTERED OFFICE:

18 Glasshouse Studios

Fryern Court Road

Fordingbridge

Hampshire

SP6 1QX

REGISTERED NUMBER:

06555935 (England and Wales)

ACCOUNTANTS:

Saltrick & Saltrick Ltd

18 The Glasshouse Studios

Fryern Court Road

Fordingbridge

Hampshire

SP6 1QX

FIXED ASSETS

Tangible assets

4

12,187

16,736

CURRENT ASSETS

Debtors

5

47,515

17,991

Cash at bank and in hand

117,227

77,895

164,742

95,886

CREDITORS

Amounts falling due within one year

6

144,546

78,492

NET CURRENT ASSETS

20,196

17,394

TOTAL ASSETS LESS CURRENT LIABILITIES

32,383

34,130

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

32,381

34,128

SHAREHOLDERS' FUNDS

32,383

34,130

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 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 22 January 2019 and were signed on its behalf by:

L C E Paul - Director

1.	STATUTORY INFORMATION

Disrepublic 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.

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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 May 2017

39,388

1,154

40,542

Additions

742

631

1,373

At 30 April 2018

40,130

1,785

41,915

DEPRECIATION

At 1 May 2017

23,517

289

23,806

Charge for year

5,476

446

5,922

At 30 April 2018

28,993

735

29,728

NET BOOK VALUE

At 30 April 2018

11,137

1,050

12,187

At 30 April 2017

15,871

865

16,736

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

45,416

16,018

Other debtors

2,099

1,973

47,515

17,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

7,220

13,280

Amounts owed to group undertakings

40,010

40,010

Taxation and social security

25,455

7,529

Other creditors

71,861

17,673

144,546

78,492

7.	RELATED PARTY DISCLOSURES

The company made rental payments of £40,260 (2017 - £40,260) at open market rate to the directors.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.