Caseware UK (AP4) 2021.0.152 2021.0.152 2021-08-312021-08-312020-08-19The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity1true 12822786 2020-08-18 12822786 2020-08-19 2021-08-31 12822786 2019-08-19 2020-08-18 12822786 2021-08-31 12822786 c:Director1 2020-08-19 2021-08-31 12822786 d:OfficeEquipment 2020-08-19 2021-08-31 12822786 d:OfficeEquipment 2021-08-31 12822786 d:CurrentFinancialInstruments 2021-08-31 12822786 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 12822786 d:ShareCapital 2021-08-31 12822786 d:RetainedEarningsAccumulatedLosses 2021-08-31 12822786 c:FRS102 2020-08-19 2021-08-31 12822786 c:AuditExempt-NoAccountantsReport 2020-08-19 2021-08-31 12822786 c:FullAccounts 2020-08-19 2021-08-31 12822786 c:PrivateLimitedCompanyLtd 2020-08-19 2021-08-31 iso4217:GBP xbrli:pure
Company registration number: 12822786







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 AUGUST 2021


COSMIC COINCIDENCES LIMITED






































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COSMIC COINCIDENCES LIMITED
REGISTERED NUMBER:12822786



BALANCE SHEET
AS AT 31 AUGUST 2021

2021
Note
£

Fixed assets
  

Tangible assets
  
15,061

  
15,061

Current assets
  

Stocks
  
57,189

  
57,189

Creditors: amounts falling due within one year
 5 
(84,186)

Net current (liabilities)/assets
  
 
 
(26,997)

Total assets less current liabilities
  
(11,936)

  

Net (liabilities)/assets
  
(11,936)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(12,036)

  
(11,936)


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 the 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 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 19 August 2022.




F Denman
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


COSMIC COINCIDENCES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

1.


General information

Cosmic Coincidences Limited is a private company, limited by shares, registered in England & Wales, company registration number 12822786. The registered office is disclosed on the company information page and the company does not have a trading address. The company was incorporated and began trading on 19th August 2020. The accounts are drawn up on a 13 month basis.

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

Going concern

As at the year end the company had net liabilities of £11,936. The director has stated that they are able to meet the company's creditors as they fall due. Therefore, it is the director’s opinion that the going concern basis of preparation is appropriate.

 
2.3

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.

 
2.4

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:

Office equipment
-
Not depreciated

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.

Page 2

 


COSMIC COINCIDENCES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.


3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
15,061



At 31 August 2021

15,061






Net book value



At 31 August 2021
15,061


5.


Creditors: Amounts falling due within one year

2021
£

Other creditors
81,786

Accruals and deferred income
2,400

84,186


Page 3

 


COSMIC COINCIDENCES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

6.


Related party transactions

As at the balance sheet date 31 August 2021, within other creditors, there is a balance of £48,292 owed to a
company which has the same directors, and shareholders as Cosmic Coincidences Limited and a balance of £33,494 owed to the director. These loans have been provided interest free and are repayable on demand.

 
Page 4