Company Registration No. 08859328 (England and Wales)
Sideways 6 Ltd
Unaudited accounts
for the year ended 31 December 2018
Sideways 6 Ltd
Unaudited accounts
Contents
Sideways 6 Ltd
Company Information
for the year ended 31 December 2018
Company Number
08859328 (England and Wales)
Registered Office
UNIT 2
27 CORSHAM STREET
LONDON
N1 6DR
ENGLAND
Accountants
Thriveworks Ltd
The City Arc
89 Worship Street
London
EC2A 2BF
Sideways 6 Ltd
Statement of financial position
as at
31 December 2018
Tangible assets
9,550
4,605
Cash at bank and in hand
413,375
337,610
Creditors: amounts falling due within one year
(791,842)
(428,363)
Net current (liabilities)/assets
(50,974)
123,927
Net (liabilities)/assets
(41,424)
128,532
Called up share capital
284
268
Share premium
649,861
449,877
Profit and loss account
(691,569)
(321,613)
Shareholders' funds
(41,424)
128,532
For the year ending 31 December 2018 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 15 April 2019.
William Read
Director
Company Registration No. 08859328
Sideways 6 Ltd
Notes to the Accounts
for the year ended 31 December 2018
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 2018
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
-
7,857
7,857
Additions
295
6,595
6,890
At 31 December 2018
295
14,452
14,747
At 1 January 2018
-
3,252
3,252
Charge for the year
-
1,945
1,945
At 31 December 2018
-
5,197
5,197
At 31 December 2018
295
9,255
9,550
At 31 December 2017
-
4,605
4,605
Trade debtors
279,764
193,541
Accrued income and prepayments
7,134
12,615
Other debtors
40,595
8,524
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
35,301
16,574
Taxes and social security
123,441
59,027
Other creditors
4,072
1,915
Deferred income
628,773
350,847
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Average number of employees
During the year the average number of employees was 15 (2017: 9).