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COMPANY REGISTRATION NUMBER: 09703515
Expert Evidence International Limited
Filleted Unaudited Financial Statements
31 December 2021
Expert Evidence International Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
Current assets
Debtors
4
113,421
57,675
Cash at bank and in hand
56,955
64,421
---------
---------
170,376
122,096
Creditors: amounts falling due within one year
5
116,796
57,510
---------
---------
Net current assets
53,580
64,586
--------
--------
Total assets less current liabilities
53,580
64,586
--------
--------
Net assets
53,580
64,586
--------
--------
Capital and reserves
Called up share capital
125
125
Profit and loss account
53,455
64,461
--------
--------
Shareholders funds
53,580
64,586
--------
--------
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 Section 1A of 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 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 June 2022 , and are signed on behalf of the board by:
Dr T Walford
Director
Company registration number: 09703515
Expert Evidence International Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 Old Park Avenue, London, SW12 8RH.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover from the rendering of services is provided by reference to the stage of completion at the balance sheet date provided that the outcome can be reliably estimated.
Taxation
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2021
2020
£
£
Trade debtors
100,816
42,596
Amounts owed by group undertakings and undertakings in which the company has a participating interest
452
Other debtors
12,153
15,079
---------
--------
113,421
57,675
---------
--------
5. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
80,938
38,746
Amounts owed to group undertakings and undertakings in which the company has a participating interest
34
Corporation tax
2,761
4,513
Social security and other taxes
12,040
2,248
Other creditors
21,057
11,969
---------
--------
116,796
57,510
---------
--------