Company Registration No. 08388252 (England and Wales)
Phonomeme Limited
Unaudited accounts
for the year ended 29 February 2020
Phonomeme Limited
Unaudited accounts
Contents
Phonomeme Limited
Company Information
for the year ended 29 February 2020
Company Number
08388252 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Simple Tax Returns LTD
103 High Street
Waltham Cross
Herts
EN87AN
Phonomeme Limited
Accountants' report
Accountants' report to the director of Phonomeme Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Phonomeme Limited for the year ended
29 February 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Phonomeme Limited, as a body, in accordance with the terms of our engagement letter dated 12 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Phonomeme Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phonomeme Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Phonomeme Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Phonomeme Limited. You consider that Phonomeme Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Phonomeme Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Simple Tax Returns LTD
103 High Street
Waltham Cross
Herts
EN87AN
12 June 2020
Phonomeme Limited
Statement of financial position
as at
29 February 2020
Cash at bank and in hand
2,539
6,127
Creditors: amounts falling due within one year
(17,564)
(13,065)
Net current liabilities
(15,025)
(6,938)
Net liabilities
(13,698)
(6,938)
Called up share capital
1
1
Profit and loss account
(13,699)
(6,939)
Shareholders' funds
(13,698)
(6,938)
For the year ending 29 February 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2020 and were signed on its behalf by
P. J. B. Lamond
Director
Company Registration No. 08388252
Phonomeme Limited
Notes to the Accounts
for the year ended 29 February 2020
Phonomeme Limited is a private company, limited by shares, registered in England and Wales, registration number 08388252. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33.3% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2019
7,970
1,558
9,528
At 29 February 2020
7,970
3,538
11,508
At 1 March 2019
7,970
1,558
9,528
Charge for the year
-
653
653
At 29 February 2020
7,970
2,211
10,181
At 29 February 2020
-
1,327
1,327
5
Creditors: amounts falling due within one year
2020
2019
Loans from directors
17,564
13,065
Phonomeme Limited
Notes to the Accounts
for the year ended 29 February 2020
6
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
The company was under the control of P. J. B. Lamond throughout the current year. P. J. B. Lamond is personally interested in 100% of the company's share capital.
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).