Sinfiltrate Limited Filleted accounts for Companies House (small and micro)

SINFILTRATE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07188349

SINFILTRATE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2018

SINFILTRATE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2018

CONTENTS	PAGES

Statement of financial position	1

Notes to the financial statements	2 to 4

SINFILTRATE LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2018

	2018	2017
Note	£	£

Current assets

Stocks	17,494	17,494
Cash at bank and in hand	207	152
	--------	--------
	17,701	17,646

Creditors: amounts falling due within one year	5	( 34,764)	( 33,624)
		--------	--------
Net current liabilities		( 17,063)	( 15,978)
		--------	--------
Total assets less current liabilities		( 17,063)	( 15,978)
		--------	--------
Net liabilities		( 17,063)	( 15,978)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 17,163)	( 16,078)
	--------	--------
Shareholders deficit	( 17,063)	( 15,978)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 December 2018 , and are signed on behalf of the board by:

A Smith

Director

Company registration number: 07188349

SINFILTRATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Frogmore Paper Mill, Fourdrinier Way, Hemel Hempstead, Herts, HP3 9RY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31st March 2018 the shareholders funds show a deficit of £17,063, however the financial statements are prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continuing support financially and otherwise of the ultimate parent company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (a) Stock provision The stock held by the company is a demonstration machine, the machine has been impaired to the net realisable value as agreed by the directors.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Website development	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Tangible assets

	Website development costs
	£
Cost
At 1 April 2017 and 31 March 2018	1,184
	-------
Depreciation
At 1 April 2017 and 31 March 2018	1,184
	-------
Carrying amount
At 31 March 2018	–
	-------
At 31 March 2017	–
	-------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	30,000	30,000
Social security and other taxes	2,674	2,674
Other creditors	2,090	950
	--------	--------
	34,764	33,624
	--------	--------

6. Related party transactions

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

7. Ultimate parent undertaking

Natural Resources (2000) Limited is the company's ultimate parent undertaking. The parent undertaking's registered office is Frogmore Paper Mill, Fourdrinier Way, Apsley, Hemel Hempstead, Hertfordshire, HP3 9RY. The address of the principal place of business is Frogmore Paper Mill, Fourdrinier Way, Apsley, Hemel Hempstead, Hertfordshire, HP3 9RY.