false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2018-10-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
95,000
41,562
53,438
95,000
53,438
xbrli:pure
xbrli:shares
iso4217:GBP
07636223
2018-10-01
2019-09-30
07636223
2019-09-30
07636223
2018-09-30
07636223
2017-10-01
2018-09-30
07636223
2018-09-30
07636223
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2018-10-01
2019-09-30
07636223
core:FurnitureFittings
2018-10-01
2019-09-30
07636223
bus:Director4
2018-10-01
2019-09-30
07636223
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2018-09-30
07636223
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2019-09-30
07636223
core:FurnitureFittings
2018-09-30
07636223
core:FurnitureFittings
2019-09-30
07636223
core:WithinOneYear
2019-09-30
07636223
core:WithinOneYear
2018-09-30
07636223
core:ShareCapital
2019-09-30
07636223
core:ShareCapital
2018-09-30
07636223
core:RetainedEarningsAccumulatedLosses
2019-09-30
07636223
core:RetainedEarningsAccumulatedLosses
2018-09-30
07636223
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2018-09-30
07636223
core:FurnitureFittings
2018-09-30
07636223
bus:SmallEntities
2018-10-01
2019-09-30
07636223
bus:AuditExemptWithAccountantsReport
2018-10-01
2019-09-30
07636223
bus:FullAccounts
2018-10-01
2019-09-30
07636223
bus:SmallCompaniesRegimeForAccounts
2018-10-01
2019-09-30
07636223
bus:PrivateLimitedCompanyLtd
2018-10-01
2019-09-30
07636223
core:ComputerEquipment
2018-10-01
2019-09-30
07636223
core:ComputerEquipment
2018-09-30
07636223
core:ComputerEquipment
2019-09-30
COMPANY REGISTRATION NUMBER:
07636223
Filleted Unaudited Financial Statements
|
|
Statement of Financial Position
|
|
30 September 2019
Fixed Assets
Intangible assets
|
5
|
|
–
|
53,438
|
Tangible assets
|
6
|
|
4,230
|
4,352
|
|
|
-------
|
--------
|
|
|
4,230
|
57,790
|
|
|
|
|
|
Current Assets
Work in Progress
|
20,000
|
|
20,000
|
Debtors
|
7
|
98,379
|
|
73,413
|
Cash at bank and in hand
|
279,664
|
|
1,041,310
|
|
---------
|
|
------------
|
|
398,043
|
|
1,134,723
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
323,655
|
|
1,109,294
|
|
---------
|
|
------------
|
Net Current Assets
|
|
74,388
|
25,429
|
|
|
--------
|
--------
|
Total Assets Less Current Liabilities
|
|
78,618
|
83,219
|
|
|
--------
|
--------
|
Net Assets
|
|
78,618
|
83,219
|
|
|
--------
|
--------
|
|
|
|
|
|
Capital and Reserves
Called up share capital
|
|
200
|
2
|
Profit and loss account
|
|
78,418
|
83,217
|
|
|
--------
|
--------
|
Shareholders Funds
|
|
78,618
|
83,219
|
|
|
--------
|
--------
|
|
|
|
|
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 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 comprehensive income has not been delivered.
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
30 September 2019
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2020
, and are signed on behalf of the board by:
Ms S.A. Sinclair
|
Director
|
|
Company registration number:
07636223
Notes to the Financial Statements
|
|
Year Ended 30 September 2019
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hawthorn House, 14 Manchester Road, Wilmslow, Cheshire, SK9 1BG.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue Recognition
Turnover represents the total invoice value, excluding value added tax, of fees raised during the year. Disbursements incurred on behalf of clients are normally invoiced at the same time as the corresponding fee work done is invoiced. Fees receivable are recognised when a right to consideration is earned in exchange for performance of a contractual obligation to provide professional services. Income is measured at the fair value of the right to consideration which is based on time spent, skills and expertise provided and expenses incurred after deducting allowances for uncertainties relating to amounts capable of being billed.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible Assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Franchise
|
-
|
25% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings
|
-
|
20% reducing balance
|
|
Equipment
|
-
|
20% straight line
|
|
|
|
|
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Work in Progress
Work in progress consisting of unbilled fees, where the ability to recover fees on a matter is non contingent, is recognised on the basis of time spent and valued at the amount expected to be billed in respect of that time.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
6
(2018:
5
).
5.
Intangible Assets
|
Franchise
|
|
£
|
Cost
|
|
At 1 October 2018 and 30 September 2019
|
95,000
|
|
--------
|
Amortisation
|
|
At 1 October 2018
|
41,562
|
Charge for the year
|
53,438
|
|
--------
|
At 30 September 2019
|
95,000
|
|
--------
|
Carrying amount
|
|
At 30 September 2019
|
–
|
|
--------
|
At 30 September 2018
|
53,438
|
|
--------
|
|
|
6.
Tangible Assets
|
Fixtures and fittings
|
Computer equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 October 2018
|
10,105
|
2,470
|
12,575
|
Additions
|
164
|
999
|
1,163
|
|
--------
|
-------
|
--------
|
At 30 September 2019
|
10,269
|
3,469
|
13,738
|
|
--------
|
-------
|
--------
|
Depreciation
|
|
|
|
At 1 October 2018
|
7,313
|
910
|
8,223
|
Charge for the year
|
591
|
694
|
1,285
|
|
--------
|
-------
|
--------
|
At 30 September 2019
|
7,904
|
1,604
|
9,508
|
|
--------
|
-------
|
--------
|
Carrying amount
|
|
|
|
At 30 September 2019
|
2,365
|
1,865
|
4,230
|
|
--------
|
-------
|
--------
|
At 30 September 2018
|
2,792
|
1,560
|
4,352
|
|
--------
|
-------
|
--------
|
|
|
|
|
7.
Debtors
|
2019
|
2018
|
|
£
|
£
|
Trade debtors
|
78,898
|
71,008
|
Other debtors
|
19,481
|
2,405
|
|
--------
|
--------
|
|
98,379
|
73,413
|
|
--------
|
--------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2019
|
2018
|
|
£
|
£
|
Trade creditors
|
3,100
|
2,600
|
Corporation tax
|
18,628
|
15,527
|
Social security and other taxes
|
46,022
|
34,759
|
Other creditors
|
255,905
|
1,056,408
|
|
---------
|
------------
|
|
323,655
|
1,109,294
|
|
---------
|
------------
|
|
|
|