Still Moving Consultancy Limited
Unaudited Financial Statements
For the year ended 28 February 2023
Pages for Filing with Registrar
Company Registration No. 08407939 (England and Wales)
Still Moving Consultancy Limited
Company Information
Director
D A Rowland
Secretary
K Jones
Company number
08407939
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Still Moving Consultancy Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Still Moving Consultancy Limited
Balance Sheet
As at 28 February 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,541
7,551
Investments
5
1
1
4,542
7,552
Current assets
Debtors
6
677,697
617,449
Cash at bank and in hand
921,983
776,861
1,599,680
1,394,310
Creditors: amounts falling due within one year
7
(112,554)
(45,620)
Net current assets
1,487,126
1,348,690
Total assets less current liabilities
1,491,668
1,356,242
Provisions for liabilities
(1,135)
(2,041)
Net assets
1,490,533
1,354,201
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
1,490,433
1,354,101
Total equity
1,490,533
1,354,201
Still Moving Consultancy Limited
Balance Sheet (Continued)
As at 28 February 2023
Page 2
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 11 October 2023
D A Rowland
Director
Company Registration No. 08407939
Still Moving Consultancy Limited
Notes to the Financial Statements
For the year ended 28 February 2023
Page 3
1
Accounting policies
Company information
Still Moving Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% Straight line method
Computers
25% Straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
All of the company's financial assets and liabilities are basic and measured at amortised cost.
Still Moving Consultancy Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2023
1
Accounting policies
(Continued)
Page 4
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
53,442
17,544
Deferred tax
Origination and reversal of timing differences
(906)
Total tax charge
52,536
17,544
Still Moving Consultancy Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2023
Page 5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022
24,868
Additions
1,558
At 28 February 2023
26,426
Depreciation and impairment
At 1 March 2022
17,317
Depreciation charged in the year
4,568
At 28 February 2023
21,885
Carrying amount
At 28 February 2023
4,541
At 28 February 2022
7,551
5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
108,086
42,054
Amounts owed by group undertakings and undertakings in which the company has a participating interest
568,559
568,559
Other debtors
-
2,840
Prepayments and accrued income
1,052
3,996
677,697
617,449
Still Moving Consultancy Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2023
Page 6
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
34,479
24,579
Corporation tax
53,442
17,544
Other taxation and social security
21,868
726
Other creditors
395
661
Accruals and deferred income
2,370
2,110
112,554
45,620
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions
Dividends totalling £85,000 (2022: £59,000) were paid in the year in respect of shares held by the company's director.
Included in other creditors is £395 (2022: £591) owed to the director D A Rowland.
Included in debtors is £568,559 (2022: £568,559) owed from TBH Ltd, a company under common control.