El Roboto Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06556714 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

El Roboto Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

5

-

-

Tangible assets

6

11,983

12,568

11,983

12,568

CURRENT ASSETS

Stocks

7

100,000

100,000

Debtors

8

45,729

24,335

Cash at bank and in hand

417

335

146,146

124,670

CREDITORS

Amounts falling due within one year

9

52,520

38,021

NET CURRENT ASSETS

93,626

86,649

TOTAL ASSETS LESS CURRENT LIABILITIES

105,609

99,217

PROVISIONS FOR LIABILITIES

2,241

2,514

NET ASSETS

103,368

96,703

CAPITAL AND RESERVES

Called up share capital

303

303

Retained earnings

10

103,065

96,400

SHAREHOLDERS' FUNDS

103,368

96,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 May 2018 and were signed on its behalf by:

J H Berg - Director

M E Knight - Director

P Caisley - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 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 Income Statement, 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 balance sheet date.

Deferred tax

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

balance sheet 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.

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.

Transition to frs 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1st September 2015. Details of how FRS 102

has affected the reported financial position and financial performance is given in the notes to the financial

statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

100,000

AMORTISATION

At 1 September 2016

and 31 August 2017

100,000

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2016

3,019

31,335

34,354

Additions

-

1,362

1,362

At 31 August 2017

3,019

32,697

35,716

DEPRECIATION

At 1 September 2016

1,483

20,303

21,786

Charge for year

231

1,716

1,947

At 31 August 2017

1,714

22,019

23,733

NET BOOK VALUE

At 31 August 2017

1,305

10,678

11,983

At 31 August 2016

1,536

11,032

12,568

7.

STOCKS

31.8.17

31.8.16

£

£

Work-in-progress

100,000

100,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

44,746

21,913

Other debtors

-

1,104

Prepayments and accrued income

983

1,318

45,729

24,335

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

13,244

13,209

Trade creditors

12,116

10,045

Tax

7,164

-

Social security and other taxes

19,397

14,767

Other creditors

79

-

Directors' current accounts

520

-

52,520

38,021

10.

RESERVES

Retained

earnings

£

At 1 September 2016

96,400

Profit for the year

44,165

Dividends

(37,500

)

At 31 August 2017

103,065

11.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £14,093.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,500 (2016 - £35,303) were paid to the directors .

13.	TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The entity transitioned to FRS 102 on 1st

September 2015.

No transitional adjustments were required in equity or profit or loss for the year.