Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3162020-08-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08914813 2020-08-01 2021-12-31 08914813 2020-01-01 2020-07-31 08914813 2021-12-31 08914813 2020-07-31 08914813 c:Director1 2020-08-01 2021-12-31 08914813 d:Buildings d:ShortLeaseholdAssets 2020-08-01 2021-12-31 08914813 d:Buildings d:ShortLeaseholdAssets 2021-12-31 08914813 d:Buildings d:ShortLeaseholdAssets 2020-07-31 08914813 d:FurnitureFittings 2020-08-01 2021-12-31 08914813 d:FurnitureFittings 2021-12-31 08914813 d:FurnitureFittings 2020-07-31 08914813 d:ComputerEquipment 2020-08-01 2021-12-31 08914813 d:ComputerEquipment 2021-12-31 08914813 d:ComputerEquipment 2020-07-31 08914813 d:Goodwill 2020-08-01 2021-12-31 08914813 d:CurrentFinancialInstruments 2021-12-31 08914813 d:CurrentFinancialInstruments 2020-07-31 08914813 d:Non-currentFinancialInstruments 2021-12-31 08914813 d:Non-currentFinancialInstruments 2020-07-31 08914813 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08914813 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 08914813 d:ShareCapital 2021-12-31 08914813 d:ShareCapital 2020-07-31 08914813 d:CapitalRedemptionReserve 2021-12-31 08914813 d:CapitalRedemptionReserve 2020-07-31 08914813 d:RetainedEarningsAccumulatedLosses 2021-12-31 08914813 d:RetainedEarningsAccumulatedLosses 2020-07-31 08914813 c:FRS102 2020-08-01 2021-12-31 08914813 c:AuditExempt-NoAccountantsReport 2020-08-01 2021-12-31 08914813 c:FullAccounts 2020-08-01 2021-12-31 08914813 c:PrivateLimitedCompanyLtd 2020-08-01 2021-12-31 08914813 2 2020-08-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 08914813










SCHJODT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

 
SCHJODT SERVICES LIMITED
REGISTERED NUMBER: 08914813

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

31 December
31 July
2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
133,333

Debtors: amounts falling due within one year
 5 
289,306
881,217

Bank and cash balances
  
31,182
920,311

  
320,488
1,934,861

Creditors: amounts falling due within one year
 6 
-
(942,961)

Net current assets
  
 
 
320,488
 
 
991,900

Total assets less current liabilities
  
320,488
991,900

  

Net assets
  
320,488
991,900


Capital and reserves
  

Called up share capital 
  
2
2

Capital redemption reserve
  
1
1

Profit and loss account
  
320,485
991,897

  
320,488
991,900



 
SCHJODT SERVICES LIMITED
REGISTERED NUMBER: 08914813
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider 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 the Companies Act 2006.

The directors acknowledge their 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 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: 






D A Gardner
Director

Date: 1 August 2022

The notes on  form part of these financial statements.


 
SCHJODT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

Schjodt Limited, (registered number 08914813), is a limited liability company incorporated in England and Wales. The registered office of the company is Wey Court West, union Road, Farnham, Surrey GU9 7PT.
 

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


 
SCHJODT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.


 
SCHJODT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
Straight line

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5 years straight line
Fixtures and fittings
-
5 years straight line
Computer 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 profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.


 
SCHJODT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.13

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 ordinary shares.

 
2.14

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 4 (2020 - 6).


4.


Tangible fixed assets







Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2020
200,035
43,647
15,604
259,286



At 31 December 2021

200,035
43,647
15,604
259,286



Depreciation


At 1 August 2020
200,035
43,647
15,604
259,286



At 31 December 2021

200,035
43,647
15,604
259,286



Net book value



At 31 December 2021
-
-
-
-



At 31 July 2020
-
-
-
-


 
SCHJODT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

5.


Debtors

31 December
31 July
2021
2020
£
£

Due after more than one year

Other debtors
-
133,333

-
133,333


31 December
31 July
2021
2020
£
£

Due within one year

Trade debtors
-
306,653

Amounts owed by group undertakings
251,040
-

Other debtors
38,266
108,227

Prepayments and accrued income
-
466,337

289,306
881,217



6.


Creditors: Amounts falling due within one year

31 December
31 July
2021
2020
£
£

Trade creditors
-
16,635

Corporation tax
-
375,267

Other taxation and social security
-
31,060

Other creditors
-
491,924

Accruals and deferred income
-
28,075

-
942,961


 
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