Caseware UK (AP4) 2018.0.111 2018.0.111 2018-05-312018-05-31truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Consultancy2017-06-01 10175394 2017-06-01 2018-05-31 10175394 2018-05-31 10175394 2017-05-31 10175394 c:Director1 2017-06-01 2018-05-31 10175394 d:CurrentFinancialInstruments 2018-05-31 10175394 d:CurrentFinancialInstruments 2017-05-31 10175394 d:CurrentFinancialInstruments d:WithinOneYear 2018-05-31 10175394 d:CurrentFinancialInstruments d:WithinOneYear 2017-05-31 10175394 d:ShareCapital 2018-05-31 10175394 d:ShareCapital 2017-05-31 10175394 d:RetainedEarningsAccumulatedLosses 2017-05-31 10175394 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-05-31 10175394 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-05-31 10175394 c:FRS102 2017-06-01 2018-05-31 10175394 c:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 10175394 c:FullAccounts 2017-06-01 2018-05-31 10175394 c:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31 iso4217:GBP

Registered number: 10175394









MATT SHEARER CONSULTANCY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

 
MATT SHEARER CONSULTANCY SERVICES LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5


 
MATT SHEARER CONSULTANCY SERVICES LIMITED
REGISTERED NUMBER: 10175394

BALANCE SHEET
AS AT 31 MAY 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
539
78

Cash at bank and in hand
 5 
3,368
68,688

  
3,907
68,766

Creditors: amounts falling due within one year
 6 
(3,807)
(23,605)

Net current assets
  
 
 
100
 
 
45,161

Total assets less current liabilities
  
100
45,161

  

Net assets
  
100
45,161


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
45,061

  
100
45,161


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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
MATT SHEARER CONSULTANCY SERVICES LIMITED
REGISTERED NUMBER: 10175394
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2018

The financial statements have been prepared 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 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 statement of income and retained earnings 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 on 13 November 2018.




................................................
Matthew Shearer
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MATT SHEARER CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1.


General information

Matt Shearer Consultancy Services Limited is a company limited by its share capital, incorporated in England.  The principal activity of the company was that of consultancy services.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings, 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 income 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.

Page 3

 
MATT SHEARER CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

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

 
2.8

Financial instruments

The Company only enters into basic financial instrument 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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2017 - 0).


4.


Debtors

2018
2017
£
£


Other debtors
401
-

Prepayments and accrued income
138
78

539
78


Page 4

 
MATT SHEARER CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

5.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
3,368
68,688

3,368
68,688



6.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
-
22,089

Other taxation and social security
-
1,516

Other creditors
3,807
-

3,807
23,605



7.


Financial instruments

2018
2017
£
£

Financial assets


Financial assets measured at fair value through profit or loss
3,368
68,688




Financial assets measured at fair value through profit or loss comprise of cash in bank and in hand.



8.


Controlling party

The company is controlled by the director's wife, Nina Shearer, by virtue of her shareholding.

 
Page 5