Caseware UK (AP4) 2016.0.208 2016.0.208 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principal activity of the company were that of project management consultancy.false2017-04-01 07952460 2017-04-01 2018-03-31 07952460 2016-04-01 2017-03-31 07952460 2018-03-31 07952460 2017-03-31 07952460 2016-04-01 07952460 c:Director1 2017-04-01 2018-03-31 07952460 d:OfficeEquipment 2017-04-01 2018-03-31 07952460 d:OfficeEquipment 2018-03-31 07952460 d:OfficeEquipment 2017-03-31 07952460 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 07952460 d:CurrentFinancialInstruments 2018-03-31 07952460 d:CurrentFinancialInstruments 2017-03-31 07952460 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 07952460 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 07952460 d:ShareCapital 2018-03-31 07952460 d:ShareCapital 2017-03-31 07952460 d:RetainedEarningsAccumulatedLosses 2018-03-31 07952460 d:RetainedEarningsAccumulatedLosses 2017-03-31 07952460 d:AcceleratedTaxDepreciationDeferredTax 2018-03-31 07952460 d:AcceleratedTaxDepreciationDeferredTax 2017-03-31 07952460 d:OtherDeferredTax 2018-03-31 07952460 d:OtherDeferredTax 2017-03-31 07952460 c:FRS102 2017-04-01 2018-03-31 07952460 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 07952460 c:FullAccounts 2017-04-01 2018-03-31 07952460 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure
Registered number: 07952460














RAGE CONSULTING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

 
RAGE CONSULTING LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
RAGE CONSULTING LIMITED
REGISTERED NUMBER:07952460

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,026
1,368

  
1,026
1,368

Current assets
  

Debtors: amounts falling due within one year
 6 
13,211
7,193

Cash at bank and in hand
 7 
39,824
67,670

  
53,035
74,863

Creditors: amounts falling due within one year
 8 
(16,884)
(3,350)

Net current assets
  
 
 
36,151
 
 
71,513

Total assets less current liabilities
  
37,177
72,881

Provisions for liabilities
  

Deferred tax
 9 
(4)
(165)

  
 
 
(4)
 
 
(165)

Net assets
  
37,173
72,716


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
37,172
72,715

  
37,173
72,716


1

 
RAGE CONSULTING LIMITED
REGISTERED NUMBER:07952460
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R Geddes
Director

Date: 10 November 2018

The notes on pages 3 to 6 form part of these financial statements.

2

 
RAGE CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Rage Consulting Limited is a private limited Company, limited by shares, registered in England and Wales, registration number 07952460.The registered office is 5th floor, 89 New Bond Street, London, W1S 1DA and the trading address is 22 Conder Boulevard, Shortstown, Bedford, MK42 0GL.

The principal activity of the company were that of project management consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's's accounting policies.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from project management consultancy services is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.4

 Current taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

3

 
RAGE CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

4

 
RAGE CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2018
        2017
            No.
            No.







Directors
1
1


4.


Dividends

2018
2017
£
£


Dividend paid
70,000
28,000


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2017
2,846



At 31 March 2018

2,846



Depreciation


At 1 April 2017
1,478


Charge for the year on owned assets
342



At 31 March 2018

1,820



Net book value



At 31 March 2018
1,026



At 31 March 2017
1,368


6.


Debtors

2018
2017
£
£


Trade debtors
13,210
-

Other debtors
1
7,193

13,211
7,193


5

 
RAGE CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

7.


Cash and cash equivalents

2018
2017
£
£

Cash at bank
39,824
67,670



8.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
5,723
-

Other taxation and social security
3,671
150

Other creditors
2,137
-

Accruals and deferred income
5,353
3,200

16,884
3,350



9.


Deferred taxation




2018
2017


£

£






At beginning of year
(165)
(165)


Utilised in year
161
-



At end of year
(4)
(165)

The provision for deferred taxation is made up as follows:

2018
2017
£
£


Accelerated capital allowances
(174)
(365)

Short term timing differences
170
200

(4)
(165)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,000 (2017 - £5,000). 

 
6