false false false false false false false false false true false false false false false false false No description of principal activity 2017-09-01 Sage Accounts Production Advanced 2018 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 09632580 2017-09-01 2018-08-31 09632580 2018-08-31 09632580 2016-09-01 2017-08-31 09632580 2017-08-31 09632580 bus:OrdinaryShareClass1 2017-09-01 2018-08-31 09632580 bus:Director1 2017-09-01 2018-08-31 09632580 core:WithinOneYear 2018-08-31 09632580 core:WithinOneYear 2017-08-31 09632580 core:ShareCapital 2018-08-31 09632580 core:ShareCapital 2017-08-31 09632580 core:RetainedEarningsAccumulatedLosses 2018-08-31 09632580 core:RetainedEarningsAccumulatedLosses 2017-08-31 09632580 bus:SmallEntities 2017-09-01 2018-08-31 09632580 bus:AuditExemptWithAccountantsReport 2017-09-01 2018-08-31 09632580 bus:FullAccounts 2017-09-01 2018-08-31 09632580 bus:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 09632580 bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31 09632580 bus:OrdinaryShareClass1 2018-08-31 09632580 bus:OrdinaryShareClass1 2017-08-31
COMPANY REGISTRATION NUMBER: 09632580
S H Consulting (Cumbria) Ltd
Filleted Unaudited Financial Statements
31 August 2018
S H Consulting (Cumbria) Ltd
Statement of Financial Position
31 August 2018
2018
2017
Note
£
£
Current assets
Debtors
5
1,120
Cash at bank and in hand
10,498
35,218
---------
---------
10,498
36,338
Creditors: amounts falling due within one year
6
( 10,089)
( 9,490)
---------
---------
Net current assets
409
26,848
-----
---------
Total assets less current liabilities
409
26,848
-----
---------
Net assets
409
26,848
-----
---------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
309
26,748
-----
---------
Shareholders funds
409
26,848
-----
---------
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 income and retained earnings has not been delivered.
For the year ending 31 August 2018 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 year 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 .
S H Consulting (Cumbria) Ltd
Statement of Financial Position (continued)
31 August 2018
These financial statements were approved by the board of directors and authorised for issue on 13 November 2018 , and are signed on behalf of the board by:
Mr S Hinde
Director
Company registration number: 09632580
S H Consulting (Cumbria) Ltd
Notes to the Financial Statements
Year ended 31 August 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Highfield Park, Wigton, Cumbria, CA7 9DJ.
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. There were no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have had any significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There were no key assumptions and other sources of estimation uncertainty that have had a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Debtors
2018
2017
£
£
Trade debtors
1,120
-----
--------
6. Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
6,933
6,624
Social security and other taxes
2,299
1,625
Other creditors
857
1,241
---------
--------
10,089
9,490
---------
--------
7. Called up share capital
Issued, called up and fully paid
2018
2017
No.
£
No.
£
Ordinary shares of £ 1 each
100
100.00
100
100.00
-----
---------
-----
---------
8. Director's advances, credits and guarantees
The directors were not advanced any amounts during the period.
9. Related party transactions
The company was under the control of Mr S Hinde throughout the current and previous year. Mr Hinde is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under the FRS102 Section 1A.