COMPANY REGISTRATION NUMBER:
13434461
Minerva Solutions and Consultancy Limited
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Filleted Unaudited Financial Statements
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Minerva Solutions and Consultancy Limited
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Statement of Financial Position
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30 June 2022
Current assets
Debtors
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5
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52,260
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Cash at bank and in hand
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55,963
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----------
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108,223
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Creditors: amounts falling due within one year
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6
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27,306
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Net current assets
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80,917
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--------
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Total assets less current liabilities
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80,917
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--------
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Net assets
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80,917
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--------
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Capital and reserves
Called up share capital
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100
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Profit and loss account
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80,817
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Shareholders funds
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80,917
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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 comprehensive income has not been delivered.
For the period ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 February 2023
, and are signed on behalf of the board by:
Company registration number:
13434461
Minerva Solutions and Consultancy Limited
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Notes to the Financial Statements
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Period from 2 June 2021 to 30 June 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 The Cottage, West End, Ampleforth, York, YO62 4DY.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, '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.
Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Current 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to 1.
5.
Debtors
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30 Jun 22
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£
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Trade debtors
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17,340
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Other debtors
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34,920
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52,260
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6.
Creditors:
amounts falling due within one year
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30 Jun 22
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£
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Corporation tax
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18,962
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Social security and other taxes
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6,732
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Other creditors
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1,612
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27,306
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7.
Related party transactions
During the year the
director
made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the director totalled £ 712
.