Signal Project Limited,Ltd - AccountsLtd - Accounts

Signal Project Limited,Ltd - AccountsLtd - Accounts

SIGNAL PROJECT LIMITED - Company Information

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2017-11-01 04456991 2018-10-31 04456991 2017-11-01 2018-10-31 04456991 2017-10-31 04456991 2016-11-01 2017-10-31 04456991 uk-core:WithinOneYear 2017-10-31 04456991 uk-core:WithinOneYear 2018-10-31 04456991 uk-core:ShareCapital 2018-10-31 04456991 uk-core:ShareCapital 2017-10-31 04456991 uk-core:RetainedEarningsAccumulatedLosses 2018-10-31 04456991 uk-core:RetainedEarningsAccumulatedLosses 2017-10-31 04456991 uk-bus:Director1 2017-11-01 2018-10-31 04456991 uk-core:ComputerEquipment 2017-11-01 2018-10-31 04456991 uk-core:ToolsEquipment 2017-11-01 2018-10-31 04456991 uk-core:ComputerEquipment 2017-10-31 04456991 uk-core:ToolsEquipment 2017-10-31 04456991 uk-core:ToolsEquipment 2018-10-31 04456991 uk-core:ComputerEquipment 2018-10-31 iso4217:GBP xbrli:pure 04456991 uk-bus:AuditExemptWithAccountantsReport 2017-11-01 2018-10-31 04456991 uk-bus:FRS102 2017-11-01 2018-10-31 04456991 uk-bus:FullAccounts 2017-11-01 2018-10-31 04456991 uk-bus:PrivateLimitedCompanyLtd 2017-11-01 2018-10-31
Signal Project Limited
Registered Number:04456991
For the year ended 31 October 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2018
Signal Project Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 October 2018
Signal Project Limited
Statement of Financial Position
Registered Number :
04456991
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
1,828
3,285
2
1,828
3,285
Current assets
Inventories
14,950
12,950
3
Trade and other receivables
6,000
1,543
4
3,894
Cash and cash equivalents
464
14,957
24,844
Trade and other payables: amounts falling due within one
year
(15,763)
(18,817)
5
9,081
(3,860)
Net current liabilities
Total assets less current liabilities
(2,032)
12,366
(2,032)
Net assets/liabilities
12,366
Capital and reserves
Called up share capital
2
2
Retained earnings
(2,034)
12,364
(2,032)
12,366
Shareholders' funds
For the year ended 31 October 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 October 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.
S Blair Director
These financial statements were approved and authorised for issue by the Board on 01 October 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2018
Signal Project Limited
Notes to the Financial Statements
Statutory Information
Signal Project Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04456991.
Registered address:
169 Peckham Rye
London
SE15 3HZ
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Property, plant and equipment
Tangible fixed assets, 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:
25% Straight line
Website
25% Straight line
Equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Website
Equipment
£
£
£
Cost or
valuation
At 01 November 2017
5,824
5,142
682
At 31 October 2018
682
5,142
5,824
Provision for depreciation and impairment
At 01 November 2017
2,539
2,369
170
Charge for year
1,457
1,286
171
At 31 October 2018
3,996
3,655
341
At 31 October 2018
Net book value
341
1,487
1,828
At 31 October 2017
512
2,773
3,285
2 of 3
5
For the year ended 31 October 2018
Signal Project Limited
Notes to the Financial Statements Continued
3. Inventories
2017
2018
£
£
Stocks
12,950
14,950
4. Trade and other receivables
2017
2018
£
£
Other debtors
1,543
6,000
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
4,953
11,771
Other creditors
13,864
3,992
18,817
15,763
6. Average number of persons employed
During the year the average number of employees was 1 (2017 : 2)
3 of 3