Signal Project Limited,Ltd - AccountsLtd - Accounts

Signal Project Limited,Ltd - AccountsLtd - Accounts

SIGNAL PROJECT LIMITED - Company Information

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2016-11-01 04456991 2017-10-31 04456991 2016-11-01 2017-10-31 04456991 2016-10-31 04456991 2015-11-01 2016-10-31 04456991 uk-core:WithinOneYear 2016-10-31 04456991 uk-core:WithinOneYear 2017-10-31 04456991 uk-core:ShareCapital 2017-10-31 04456991 uk-core:ShareCapital 2016-10-31 04456991 uk-core:RetainedEarningsAccumulatedLosses 2017-10-31 04456991 uk-core:RetainedEarningsAccumulatedLosses 2016-10-31 04456991 uk-bus:Director1 2016-11-01 2017-10-31 04456991 uk-core:ComputerEquipment 2016-11-01 2017-10-31 04456991 uk-core:ToolsEquipment 2016-11-01 2017-10-31 04456991 uk-core:ComputerEquipment 2016-10-31 04456991 uk-core:ToolsEquipment 2016-10-31 04456991 uk-core:ToolsEquipment 2017-10-31 04456991 uk-core:ComputerEquipment 2017-10-31 iso4217:GBP 04456991 uk-bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 04456991 uk-bus:FRS102 2016-11-01 2017-10-31 04456991 uk-bus:FullAccounts 2016-11-01 2017-10-31 04456991 uk-bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31
Signal Project Limited
Registered Number:04456991
For the year ended 31 October 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2017
Signal Project Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 October 2017
Signal Project Limited
Statement of Financial Position
Registered Number :
04456991
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
3,285
3,250
2
3,285
3,250
Current assets
Inventories
5,400
14,950
3
Trade and other receivables
13,930
6,000
4
649
Cash and cash equivalents
3,894
24,844
19,979
Trade and other payables: amounts falling due within one
year
(30,318)
(15,763)
5
(10,339)
9,081
Net current assets
Total assets less current liabilities
12,366
(7,089)
12,366
Net assets/liabilities
(7,089)
Capital and reserves
Called up share capital
2
2
Retained earnings
12,364
(7,091)
12,366
(7,089)
Shareholders' funds
For the year ended 31 October 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
S Blair Director
These financial statements were approved and authorised for issue by the Board on 27 June 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2017
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:
Unit E, 6
Asylum Road
London
SE15 2SB
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 2016
4,333
4,333
-
1,491
809
682
Additions
At 31 October 2017
682
5,142
5,824
Provision for depreciation and impairment
At 01 November 2016
1,083
1,083
-
Charge for year
1,456
1,286
170
At 31 October 2017
2,539
2,369
170
At 31 October 2017
Net book value
512
2,773
3,285
At 31 October 2016
-
3,250
3,250
2 of 3
5
For the year ended 31 October 2017
Signal Project Limited
Notes to the Financial Statements Continued
3. Inventories
2016
2017
£
£
Stocks
14,950
5,400
4. Trade and other receivables
2016
2017
£
£
Other debtors
6,000
13,930
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
11,771
12,970
Other creditors
3,992
17,348
15,763
30,318
6. Average number of persons employed
During the year the average number of employees was 2 (2016 : 1)
3 of 3