Streetmap.EU Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05471060 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

Streetmap.EU Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Bamborough

K Sutton

SECRETARY:

P Bamborough

REGISTERED OFFICE:

80 Vernier Crescent

Medbourne

Milton Keynes

Buckinghamshire

MK5 6FE

REGISTERED NUMBER:

05471060 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors LTD

Chartered Certified Accountants

The Stable Yard

Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

26,974

31,349

CURRENT ASSETS

Debtors

5

2,691,292

3,077,792

Cash at bank

23,590

609

2,714,882

3,078,401

CREDITORS

Amounts falling due within one year

6

2,737,325

3,118,793

NET CURRENT LIABILITIES

(22,443

)

(40,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,531

(9,043

)

PROVISIONS FOR LIABILITIES

4,431

-

NET ASSETS/(LIABILITIES)

100

(9,043

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

(9,143

)

SHAREHOLDERS' FUNDS

100

(9,043

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf by:

P Bamborough - Director

1.	STATUTORY INFORMATION

Streetmap.EU Ltd 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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

24,065

224,981

249,046

Additions

-

6,498

6,498

At 31 March 2018

24,065

231,479

255,544

DEPRECIATION

At 1 April 2017

23,111

194,586

217,697

Charge for year

954

9,919

10,873

At 31 March 2018

24,065

204,505

228,570

NET BOOK VALUE

At 31 March 2018

-

26,974

26,974

At 31 March 2017

954

30,395

31,349

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

15,076

10,468

Other debtors

2,676,216

3,067,324

2,691,292

3,077,792

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,719,067

3,117,018

Taxation and social security

16,454

-

Other creditors

1,804

1,775

2,737,325

3,118,793

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and 31 March 2017:

2018

2017

£

£

K Sutton

Balance outstanding at start of year

3,600

(664

)

Amounts advanced

13,161

21,264

Amounts repaid

(2,745

)

(17,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,016

3,600

P Bamborough

Balance outstanding at start of year

3,483

(68,476

)

Amounts advanced

13,220

71,959

Amounts repaid

(15,737

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

966

3,483