100% Open Limited - Accounts to registrar (filleted) - small 18.2

100% Open Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07024145 (England and Wales)












100% OPEN LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2018






100% OPEN LIMITED (REGISTERED NUMBER: 07024145)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


100% OPEN LIMITED

Company Information
for the Year Ended 30 September 2018







Director: D K Simoes-Brown





Registered office: HKT Shoreditch
Alphabeta Building
18 Finsbury Square
London
EC2A 1AH





Registered number: 07024145 (England and Wales)





Accountants: The MPA Group Limited
Mercers Manor Barns
Sherington
Buckinghamshire
MK16 9PU

100% OPEN LIMITED (REGISTERED NUMBER: 07024145)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,069 9,011

Current assets
Debtors 5 384,438 327,024
Cash at bank 101,484 12,865
485,922 339,889
Creditors
Amounts falling due within one year 6 210,493 155,878
Net current assets 275,429 184,011
Total assets less current liabilities 281,498 193,022

Provisions for liabilities - 728
Net assets 281,498 192,294

Capital and reserves
Called up share capital 100 100
Retained earnings 281,398 192,194
Shareholders' funds 281,498 192,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 December 2018 and were signed by:





D K Simoes-Brown - Director


100% OPEN LIMITED (REGISTERED NUMBER: 07024145)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. Statutory information

100% Open 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 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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery etc - 25% on cost

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.

3. Employees and directors

The average number of employees during the year was 8 (2017 - 10 ) .

100% OPEN LIMITED (REGISTERED NUMBER: 07024145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 October 2017
and 30 September 2018 41,743
Depreciation
At 1 October 2017 32,732
Charge for year 2,942
At 30 September 2018 35,674
Net book value
At 30 September 2018 6,069
At 30 September 2017 9,011

5. Debtors: amounts falling due within one year
30.9.18 30.9.17
£    £   
Trade debtors 290,066 292,885
Amounts owed by joint ventures - 16,753
Other debtors 94,372 17,386
384,438 327,024

6. Creditors: amounts falling due within one year
30.9.18 30.9.17
£    £   
Trade creditors 67,424 7,994
Taxation and social security 117,205 84,860
Other creditors 25,864 63,024
210,493 155,878