Caseware UK (AP4) 2016.0.181 2016.0.181 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.truetruefalse2017-02-14 10617864 2017-02-13 10617864 2017-02-14 2018-03-31 10617864 2018-03-31 10617864 c:Director1 2017-02-14 2018-03-31 10617864 d:OfficeEquipment 2017-02-14 2018-03-31 10617864 d:OfficeEquipment 2018-03-31 10617864 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-02-14 2018-03-31 10617864 d:CurrentFinancialInstruments 2018-03-31 10617864 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 10617864 d:ShareCapital 2018-03-31 10617864 d:RetainedEarningsAccumulatedLosses 2018-03-31 10617864 c:FRS102 2017-02-14 2018-03-31 10617864 c:AuditExempt-NoAccountantsReport 2017-02-14 2018-03-31 10617864 c:FullAccounts 2017-02-14 2018-03-31 10617864 c:PrivateLimitedCompanyLtd 2017-02-14 2018-03-31 iso4217:GBP
Registered number: 10617864


NEXT FRONTIER ADVISORY LTD









FINANCIAL STATEMENTS

FOR THE PERIOD 14 FEBRUARY 2017 TO 31 MARCH 2018

 
NEXT FRONTIER ADVISORY LTD
REGISTERED NUMBER: 10617864

BALANCE SHEET
AS AT 31 MARCH 2018

2018
Note
£

Fixed assets
  

Tangible assets
 4 
462

  
462

Current assets
  

Debtors: amounts falling due within one year
 5 
14,013

Cash at bank and in hand
 6 
196,555

  
210,568

Creditors: amounts falling due within one year
 7 
(72,471)

Net current assets
  
 
 
138,097

Total assets less current liabilities
  
138,559

  

Net assets
  
138,559


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
138,459

  
138,559


Page 1

 
NEXT FRONTIER ADVISORY LTD
REGISTERED NUMBER: 10617864
    
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 period 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.

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 by: 




Dr S Ansar
Director

Date: 12 November 2018

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NEXT FRONTIER ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

1.


General information

Next Frontier Advisory Ltd is a private limited company incorporated in England and Wales. 
The company's registered number is 10617864.
The registered office is 8 King Edward Street, Oxford, OX1 4HL. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
NEXT FRONTIER ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

Page 4

 
NEXT FRONTIER ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line

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 Statement of income and retained earnings.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
NEXT FRONTIER ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
655



At 31 March 2018

655



Depreciation


Charge for the period on owned assets
193



At 31 March 2018

193



Net book value



At 31 March 2018
462


5.


Debtors

2018
£


Trade debtors
9,447

Other debtors
4,566

14,013



6.


Cash and cash equivalents

2018
£

Cash at bank and in hand
196,555

196,555


Page 6

 
NEXT FRONTIER ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

7.


Creditors: Amounts falling due within one year

2018
£

Trade creditors
8,925

Corporation tax
38,103

Other taxation and social security
2,475

Other creditors
21,218

Accruals and deferred income
1,750

72,471



8.


Share capital

2018
£
Allotted, called up and fully paid


75 Ordinary A shares of £1.00 each
75
25 Ordinary B shares of £1.00 each
25

100


75 Ordinary A £1 shares were issued to Dr S Ansar in the period at par value. 
25 Ordinary B £1 shares were issued to Dr S Ansar in the period at par value. 

 
Page 7