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Company Registration No. 10447949 (England and Wales)
Urbsa Limited Unaudited accounts for the year ended 31 October 2018
Urbsa Limited Unaudited accounts Contents
Page
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Urbsa Limited Company Information for the year ended 31 October 2018
Director
Mr. Jens Schaumann
Company Number
10447949 (England and Wales)
Registered Office
FLAT 24 HEXTON COURT 6 BROWNSWOOD ROAD LONDON N4 2XX UNITED KINGDOM
Accountants
Best Option Konsult Limited 5 Fountain House Fountain Close Woolwich London SE18 6XG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Urbsa Limited for the year ended 31 October 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Urbsa Limited for the year ended 31 October 2018 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Urbsa Limited, as a body, in accordance with the terms of our engagement letter dated 16 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of Urbsa Limited and state those matters that we have agreed to state to the Board of Directors of Urbsa Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Urbsa Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Urbsa 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 profit of Urbsa Limited. You consider that Urbsa 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 Urbsa 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.
Best Option Konsult Limited Chartered Management Accountants 5 Fountain House Fountain Close Woolwich London SE18 6XG 13 November 2018
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Urbsa Limited Statement of financial position as at 31 October 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
250 
2,750 
Current assets
Debtors
710 
- 
Cash at bank and in hand
38,062 
22,884 
38,772 
22,884 
Creditors: amounts falling due within one year
(28,433)
(24,277)
Net current assets/(liabilities)
10,339 
(1,393)
Net assets
10,589 
1,357 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
9,589 
357 
Shareholders' funds
10,589 
1,357 
For the year ending 31 October 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 13 November 2018.
Mr. Jens Schaumann Director Company Registration No. 10447949
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Urbsa Limited Notes to the Accounts for the year ended 31 October 2018
1
Statutory information
Urbsa Limited is a private company, limited by shares, registered in England and Wales, registration number 10447949. The registered office is FLAT 24 HEXTON COURT, 6 BROWNSWOOD ROAD, LONDON, N4 2XX, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 31 October 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 costs of fixed assets over their estimated useful lives less any residual value:
Plant & machinery
50% on Cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2017
5,250 
At 31 October 2018
5,250 
Depreciation
At 1 November 2017
2,500 
Charge for the year
2,500 
At 31 October 2018
5,000 
Net book value
At 31 October 2018
250 
At 31 October 2017
2,750 
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Urbsa Limited Notes to the Accounts for the year ended 31 October 2018
5
Debtors
2018 
2017 
£ 
£ 
Other debtors
710 
- 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Taxes and social security
15,185 
10,271 
Loans from directors
13,248 
14,006 
28,433 
24,277 
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).
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