Schmööze (Newcastle) Ltd. - Period Ending 2018-04-30
Schmööze (Newcastle) Ltd. - Period Ending 2018-04-30
Registration number:
Schmööze (Newcastle) Ltd.
for the Period from 21 April 2017 to 30 April 2018
15 Riverside Studios
Amethyst Road
Newcastle upon Tyne
Tyne & Wear
NE4 7YL
Schmööze (Newcastle) Ltd.
Contents
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Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Schmööze (Newcastle) Ltd.
Company Information
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Director |
Mr Mark Thomas Hawkins |
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Registered office |
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Accountants |
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Page 1 |
Schmööze (Newcastle) Ltd.
(Registration number: 10734171)
Abridged Balance Sheet as at 30 April 2018
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Note |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
( |
For the financial period ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Director
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Page 2 |
Schmööze (Newcastle) Ltd.
Notes to the Abridged Financial Statements for the Period from 21 April 2017 to 30 April 2018
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures & Fittings |
10% Straight Line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 3 |
Schmööze (Newcastle) Ltd.
Notes to the Abridged Financial Statements for the Period from 21 April 2017 to 30 April 2018
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 April 2018 |
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Depreciation |
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Charge for the period |
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At 30 April 2018 |
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Carrying amount |
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At 30 April 2018 |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
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No. |
£ |
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1 |
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Page 4 |