El Roboto Limited - Limited company - abbreviated

REGISTERED NUMBER: 06556714 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

El Roboto Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J H Berg

M E Knight

P Caisley

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

2

13,333

33,333

Tangible assets

3

15,435

16,054

28,768

49,387

CURRENT ASSETS

Stocks

100,000

Debtors

63,538

65,867

Cash at bank and in hand

286

17,135

163,824

183,002

CREDITORS

Amounts falling due within one year

87,862

130,154

NET CURRENT ASSETS

75,962

52,848

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,730

102,235

PROVISIONS FOR LIABILITIES

3,087

3,211

NET ASSETS

101,643

99,024

CAPITAL AND RESERVES

Called up share capital

4

300

Profit and loss account

101,343

98,724

SHAREHOLDERS' FUNDS

101,643

99,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 April 2015 and were signed on its behalf by:

J H Berg - Director

M E Knight - Director

P Caisley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

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.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

100,000

AMORTISATION

At 1 September 2013

66,667

Amortisation for year

20,000

At 31 August 2014

86,667

NET BOOK VALUE

At 31 August 2014

13,333

At 31 August 2013

33,333

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

30,642

Additions

2,082

At 31 August 2014

32,724

DEPRECIATION

At 1 September 2013

14,588

Charge for year

2,701

At 31 August 2014

17,289

NET BOOK VALUE

At 31 August 2014

15,435

At 31 August 2013

16,054

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

100

A Ordinary

£1

100

B Ordinary

£1

100

C Ordinary

£1

100

300

The A Ordinary, B Ordinary and C Ordinary shares all have equal voting rights and have varying rights to dividends.

El Roboto Limited - Limited company - abbreviated - 11.6

El Roboto Limited - Limited company - abbreviated - 11.6