El Roboto Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06556714 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

El Roboto Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J H Berg

M E Knight

P Caisley

Miss V Markham

SECRETARY:

M E Knight

REGISTERED OFFICE:

4th Floor

Sunco House

5 Carliol Square

Newcastle upon Tyne

Tyne and Wear

NE1 6UF

REGISTERED NUMBER:

06556714 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

10,185

11,983

10,185

11,983

CURRENT ASSETS

Stocks

7

60,000

100,000

Debtors

8

29,824

45,729

Cash at bank and in hand

294

417

90,118

146,146

CREDITORS

Amounts falling due within one year

9

58,709

52,520

NET CURRENT ASSETS

31,409

93,626

TOTAL ASSETS LESS CURRENT LIABILITIES

41,594

105,609

PROVISIONS FOR LIABILITIES

1,933

2,241

NET ASSETS

39,661

103,368

CAPITAL AND RESERVES

Called up share capital

304

303

Retained earnings

39,357

103,065

SHAREHOLDERS' FUNDS

39,661

103,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

Miss V Markham - Director

M E Knight - Director

P Caisley - Director

1.	STATUTORY INFORMATION

El Roboto 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that

there is a right to consideration. It is measured at the fair value of the consideration due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

100,000

AMORTISATION

At 1 September 2017

and 31 August 2018

100,000

NET BOOK VALUE

At 31 August 2018

-

At 31 August 2017

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

3,019

32,697

35,716

DEPRECIATION

At 1 September 2017

1,714

22,019

23,733

Charge for year

196

1,602

1,798

At 31 August 2018

1,910

23,621

25,531

NET BOOK VALUE

At 31 August 2018

1,109

9,076

10,185

At 31 August 2017

1,305

10,678

11,983

7.

STOCKS

31.8.18

31.8.17

£

£

Work-in-progress

60,000

100,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

23,974

44,746

Other debtors

5,850

983

29,824

45,729

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

28,530

13,244

Trade creditors

13,383

12,116

Taxation and social security

16,277

26,561

Other creditors

519

599

58,709

52,520

10.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £9,046.