false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2016-01-01
Sage Accounts Production Advanced 2017 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
07026895
2016-01-01
2016-12-31
07026895
2016-12-31
07026895
2015-12-31
07026895
2015-01-01
2015-12-31
07026895
2015-12-31
07026895
bus:Director1
2016-01-01
2016-12-31
07026895
core:ShareCapital
2015-01-01
2015-12-31
07026895
core:RetainedEarningsAccumulatedLosses
2015-01-01
2015-12-31
07026895
core:RetainedEarningsAccumulatedLosses
2016-01-01
2016-12-31
07026895
core:WithinOneYear
2016-12-31
07026895
core:WithinOneYear
2015-12-31
07026895
core:ShareCapital
2016-12-31
07026895
core:ShareCapital
2015-12-31
07026895
core:RetainedEarningsAccumulatedLosses
2016-12-31
07026895
core:RetainedEarningsAccumulatedLosses
2015-12-31
07026895
core:ShareCapital
2014-12-31
07026895
core:RetainedEarningsAccumulatedLosses
2014-12-31
07026895
core:RestatedAmount
2014-12-31
07026895
core:RestatedAmount
2015-12-31
07026895
bus:FRS102
2016-01-01
2016-12-31
07026895
bus:AuditExempt-NoAccountantsReport
2016-01-01
2016-12-31
07026895
bus:AbridgedAccounts
2016-01-01
2016-12-31
07026895
bus:SmallCompaniesRegimeForAccounts
2016-01-01
2016-12-31
07026895
bus:PrivateLimitedCompanyLtd
2016-01-01
2016-12-31
07026895
core:OfficeEquipment
2016-01-01
2016-12-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
|
|
All of the members of 22 Point Six (Technology) Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
07026895
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
|
|
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 DECEMBER 2016
Abridged statement of financial position
|
1
|
|
|
Statement of changes in equity
|
3
|
|
|
Notes to the abridged financial statements
|
4
|
|
|
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION
|
|
31 December 2016
Fixed assets
Tangible assets
|
5
|
|
450
|
|
899
|
|
|
|
|
|
|
Current assets
Debtors
|
26,112
|
|
17,020
|
|
Cash at bank and in hand
|
9,555
|
|
6,572
|
|
|
---------
|
|
---------
|
|
|
35,667
|
|
23,592
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
(
211,420)
|
|
(
133,939)
|
|
|
----------
|
|
----------
|
|
Net current liabilities
|
|
(
175,753)
|
|
(
110,347)
|
|
|
----------
|
|
----------
|
Total assets less current liabilities
|
|
(
175,303)
|
|
(
109,448)
|
|
|
----------
|
|
----------
|
Net liabilities
|
|
(
175,303)
|
|
(
109,448)
|
|
|
----------
|
|
----------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
125
|
|
125
|
Profit and loss account
|
|
(
175,428)
|
|
(
109,573)
|
|
|
----------
|
|
----------
|
Members deficit
|
|
(
175,303)
|
|
(
109,448)
|
|
|
----------
|
|
----------
|
|
|
|
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the year ending 31 December 2016 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 abridged 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 abridged financial statements
.
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 December 2016
These abridged financial statements were approved by the
board of directors
and authorised for issue on
18 August 2017
, and are signed on behalf of the board by:
Company registration number:
07026895
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
STATEMENT OF CHANGES IN EQUITY
|
|
YEAR ENDED 31 DECEMBER 2016
|
Called up share capital
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
At 1 January 2015
|
100
|
(
7,780)
|
(
7,680)
|
|
|
|
|
Loss for the year
|
|
(
101,793)
|
(
101,793)
|
|
----
|
----------
|
----------
|
Total comprehensive income for the year
|
–
|
(
101,793)
|
(
101,793)
|
|
|
|
|
Issue of shares
|
25
|
–
|
25
|
|
----
|
----------
|
----------
|
Total investments by and distributions to owners
|
25
|
–
|
25
|
|
|
|
|
At 31 December 2015
|
125
|
(
109,573)
|
(
109,448)
|
|
|
|
|
Loss for the year
|
|
(
65,855)
|
(
65,855)
|
|
----
|
----------
|
----------
|
Total comprehensive income for the year
|
–
|
(
65,855)
|
(
65,855)
|
|
|
|
|
|
----
|
----------
|
----------
|
At 31 December 2016
|
125
|
(
175,428)
|
(
175,303)
|
|
----
|
----------
|
----------
|
|
|
|
|
22 POINT SIX (TECHNOLOGY) LIMITED
|
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 DECEMBER 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Greenacre, Station Road, Burgess Hill, West Sussex, RH15 9DS.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
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. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
|
25% Straight Line
|
-
|
25% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to Nil
(2015:
6
).
5.
Tangible assets
|
£
|
Cost
|
|
At 1 January 2016 and 31 December 2016
|
1,599
|
|
-------
|
Depreciation
|
|
At 1 January 2016
|
700
|
Charge for the year
|
449
|
|
-------
|
At 31 December 2016
|
1,149
|
|
-------
|
Carrying amount
|
|
At 31 December 2016
|
450
|
|
-------
|
At 31 December 2015
|
899
|
|
-------
|
|
|
6.
Directors' advances, credits and guarantees
No transactions with directors were undertaken such as are required to be disclosed under FRS102 section 1A
7.
Related party transactions
The company is a 80% subsidiary of Business Development & Marketing Limited, a company registered in England and Wales. Business Development and Marketing Limited is the company's ultimate parent company and is controlled by M J Surridge by virtue of his 100% shareholder. The company has an interest free loan account with Business Development & Marketing Limited, its parent company. At the year end, the company owed £50,837 (2015: £50,837) to Business Development & Marketing Limited. The Company has an interest free loan account with BDM Voice Limited, a subsidiary company of Business Development & Marketing Limited. At the year end, the company owed £141,245 (2015: £60,857) to BDM Voice Limited.
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.