Company Registration No. 08859328 (England and Wales)
Sideways 6 Ltd
Unaudited accounts
for the year ended 31 December 2019
Sideways 6 Ltd
Unaudited accounts
Contents
Sideways 6 Ltd
Company Information
for the year ended 31 December 2019
Company Number
08859328 (England and Wales)
Registered Office
UNIT 2
27 CORSHAM STREET
LONDON
N1 6DR
ENGLAND
Accountants
Thriveworks Ltd
Albert House
256-260 Old Street
London
EC1V 9DD
Sideways 6 Ltd
Statement of financial position
as at
31 December 2019
Tangible assets
12,937
9,550
Cash at bank and in hand
243,209
413,375
Creditors: amounts falling due within one year
(830,552)
(791,842)
Net current liabilities
(349,546)
(50,974)
Total assets less current liabilities
(336,609)
(41,424)
Creditors: amounts falling due after more than one year
(195,000)
-
Net liabilities
(531,609)
(41,424)
Called up share capital
284
284
Share premium
649,861
649,861
Profit and loss account
(1,181,754)
(691,569)
Shareholders' funds
(531,609)
(41,424)
For the year ending 31 December 2019 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.
Approved by the Board on 16 April 2020.
William Read
Director
Company Registration No. 08859328
Sideways 6 Ltd
Notes to the Accounts
for the year ended 31 December 2019
Sideways 6 Ltd is a private company, limited by shares, registered in England and Wales, registration number 08859328. The registered office is UNIT 2, 27 CORSHAM STREET, LONDON, N1 6DR, ENGLAND.
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.
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:
Plant & machinery
5 years
Computer equipment
3 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Sideways 6 Ltd
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
295
14,452
14,747
Additions
265
9,148
9,413
At 31 December 2019
560
23,600
24,160
At 1 January 2019
-
5,197
5,197
Charge for the year
77
5,949
6,026
At 31 December 2019
77
11,146
11,223
At 31 December 2019
483
12,454
12,937
At 31 December 2018
295
9,255
9,550
Trade debtors
193,279
279,764
Accrued income and prepayments
23,077
7,134
Other debtors
21,441
40,595
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
40,291
35,301
Taxes and social security
61,332
123,441
Other creditors
4,510
4,072
Loans from directors
44,504
-
Deferred income
679,915
628,773
7
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
195,000
-
8
Average number of employees
During the year the average number of employees was 17 (2018: 15).