REGISTRAR
Company registration number:
07479709
Sch 5 Management Limited
Unaudited filleted financial statements
26 March 2022
Sch 5 Management Limited
Contents
Statement of financial position
Notes to the financial statements
Sch 5 Management Limited
Statement of financial position
26 March 2022
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26/03/22
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27/03/21
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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4
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9,105
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9,105
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Cash at bank and in hand
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145
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145
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_______
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_______
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9,250
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9,250
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Creditors: amounts falling due
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within one year
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5
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(
3,812)
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(
3,812)
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_______
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_______
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Net current assets
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5,438
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5,438
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_______
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_______
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Total assets less current liabilities
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5,438
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5,438
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_______
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_______
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Net assets
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5,438
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5,438
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_______
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_______
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Capital and reserves
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Called up share capital
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6
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1
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1
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Profit and loss account
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5,437
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5,437
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_______
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_______
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Shareholders funds
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5,438
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5,438
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_______
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_______
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For the period ending 26 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 March 2023
, and are signed on behalf of the board by:
A N Hutchison
Director
Company registration number:
07479709
Sch 5 Management Limited
Notes to the financial statements
Period ended 26 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Highland House, Highlands Road, Shirley, Solihull, England, B90 4ND.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current period or prior period.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Debtors
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26/03/22
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27/03/21
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£
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£
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Other debtors
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9,105
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9,105
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_______
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_______
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5.
Creditors: amounts falling due within one year
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26/03/22
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27/03/21
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£
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£
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Bank loans and overdrafts
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646
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646
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Corporation tax
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1,584
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1,584
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Social security and other taxes
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632
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632
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Other creditors
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950
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950
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_______
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_______
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3,812
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3,812
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_______
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_______
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6.
Called up share capital
Issued, called up and fully paid
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26/03/22
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27/03/21
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No
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£
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No
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£
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Ordinary shares
shares of £
1.00 each
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1
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1
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1
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1
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_______
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_______
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_______
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_______
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7.
Directors advances, credits and guarantees
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During the period the director entered into the following advances and credits with the company:
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Period ended 26/03/22
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Balance brought forward
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Amounts repaid
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Balance o/standing
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£
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£
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£
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A N Hutchison
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7,561
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-
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7,561
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_______
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_______
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_______
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Period ended 27/03/21
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Balance brought forward
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Amounts repaid
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Balance o/standing
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£
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£
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£
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A N Hutchison
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10,957
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(
3,396)
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7,561
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_______
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_______
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_______
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