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

REGISTERED NUMBER: 07241565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

SUPADU LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Blackley

Mr M D Harris

Mrs M Harvie-Watt

Mr M L Harvie-Watt

Ms S F H Arbuthnot

REGISTERED OFFICE:

c/o WeWork

30 Stamford Street

London

SE1 9LQ

REGISTERED NUMBER:

07241565 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Intangible assets

4

120,000

140,000

Property, plant and equipment

5

2,303

598

122,303

140,598

CURRENT ASSETS

Debtors

6

186,646

188,938

Cash at bank

225,267

173,261

411,913

362,199

CREDITORS

Amounts falling due within one year

7

(30,939

)

(77,315

)

NET CURRENT ASSETS

380,974

284,884

TOTAL ASSETS LESS CURRENT LIABILITIES

503,277

425,482

CAPITAL AND RESERVES

Called up share capital

925

925

Share premium

8

241,420

241,420

Retained earnings

8

260,932

183,137

503,277

425,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 November 2020 and were signed on its behalf by:

Mrs M Harvie-Watt - Director

Mr N Blackley - Director

1.	STATUTORY INFORMATION

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Due to the adoption of FRS 102, Goodwill has been amortised over a period of 10 years as no definite useful life can be estimated reliably.

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

-

25% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2019 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

200,000

AMORTISATION

At 1 April 2019

60,000

Charge for year

20,000

At 31 March 2020

80,000

NET BOOK VALUE

At 31 March 2020

120,000

At 31 March 2019

140,000

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

418

21,674

22,092

Additions

-

2,443

2,443

At 31 March 2020

418

24,117

24,535

DEPRECIATION

At 1 April 2019

348

21,146

21,494

Charge for year

70

668

738

At 31 March 2020

418

21,814

22,232

NET BOOK VALUE

At 31 March 2020

-

2,303

2,303

At 31 March 2019

70

528

598

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

163,477

166,796

Other debtors

23,169

22,142

186,646

188,938

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

9,745

6,897

Taxation and social security

(55,954

)

(9,793

)

Other creditors

77,148

80,211

30,939

77,315

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2019

183,137

241,420

424,557

Profit for the year

77,795

77,795

At 31 March 2020

260,932

241,420

502,352

9.	RELATED PARTY DISCLOSURES

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.

The balance owing to Mr M Harvie-Watt was NIL (2019:NIL).