El Roboto Limited - Accounts to registrar (filleted) - small 22.3

El Roboto Limited - Accounts to registrar (filleted) - small 22.3

EL ROBOTO LIMITED - Company Information

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REGISTERED NUMBER: 06556714 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2022

for

El Roboto Limited
El Roboto Limited (Registered number: 06556714)






Contents of the Financial Statements
for the Year Ended 31 August 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


El Roboto Limited

Company Information
for the Year Ended 31 August 2022







DIRECTORS: M E Knight
Miss V Markham





REGISTERED OFFICE: 6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU





REGISTERED NUMBER: 06556714 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU
Page 1
El Roboto Limited (Registered number: 06556714)

Statement of Financial Position
31 August 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,004 3,939
3,004 3,939

CURRENT ASSETS
Stocks 7 20,000 20,000
Debtors 8 11,041 12,837
Cash at bank and in hand 11,093 10,399
42,134 43,236
CREDITORS
Amounts falling due within one year 9 25,246 28,689
NET CURRENT ASSETS 16,888 14,547
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,892
18,486

PROVISIONS FOR LIABILITIES 571 806
NET ASSETS 19,321 17,680

The notes form part of these financial statements

Page 2 continued...
El Roboto Limited (Registered number: 06556714)

Statement of Financial Position - continued
31 August 2022

31.8.22 31.8.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 304 304
Retained earnings 19,017 17,376
SHAREHOLDERS' FUNDS 19,321 17,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by:




Miss V Markham - Director



M E Knight - Director


The notes form part of these financial statements

Page 3
El Roboto Limited (Registered number: 06556714)

Notes to the Financial Statements
for the Year Ended 31 August 2022

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.
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 Statement of Income and Retained Earnings, 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.

Page 4 continued...
El Roboto Limited (Registered number: 06556714)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

3. ACCOUNTING POLICIES - continued

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.

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 4 (2021 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2021
and 31 August 2022 100,000
AMORTISATION
At 1 September 2021
and 31 August 2022 100,000
NET BOOK VALUE
At 31 August 2022 -
At 31 August 2021 -

Page 5 continued...
El Roboto Limited (Registered number: 06556714)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2021 26,838
Disposals (1,325 )
At 31 August 2022 25,513
DEPRECIATION
At 1 September 2021 22,899
Charge for year 543
Eliminated on disposal (933 )
At 31 August 2022 22,509
NET BOOK VALUE
At 31 August 2022 3,004
At 31 August 2021 3,939

7. STOCKS
31.8.22 31.8.21
£    £   
Work-in-progress 20,000 20,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade debtors 11,041 12,837

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade creditors 1,656 7,160
Taxation and social security 15,505 16,468
Other creditors 8,085 5,061
25,246 28,689

Page 6