Company Registration No. 10447949 (England and Wales)
Urbsa Limited
Unaudited accounts
for the year ended 31 October 2018
Urbsa Limited
Unaudited accounts
Contents
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
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
Urbsa Limited
Statement of financial position
as at 31 October 2018
Cash at bank and in hand
38,062
22,884
Creditors: amounts falling due within one year
(28,433)
(24,277)
Net current assets/(liabilities)
10,339
(1,393)
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
Urbsa Limited
Notes to the Accounts
for the year ended 31 October 2018
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.
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.
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 costs of fixed assets over their estimated useful lives less any residual value:
Plant & machinery
50% on Cost
4
Tangible fixed assets
Plant & machinery
Urbsa Limited
Notes to the Accounts
for the year ended 31 October 2018
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
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).