Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2822022-03-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11181075 2022-03-01 2023-02-28 11181075 2021-03-01 2022-02-28 11181075 2023-02-28 11181075 2022-02-28 11181075 c:Director1 2022-03-01 2023-02-28 11181075 d:CurrentFinancialInstruments 2023-02-28 11181075 d:CurrentFinancialInstruments 2022-02-28 11181075 d:Non-currentFinancialInstruments 2023-02-28 11181075 d:Non-currentFinancialInstruments 2022-02-28 11181075 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11181075 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11181075 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11181075 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11181075 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11181075 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 11181075 d:ShareCapital 2023-02-28 11181075 d:ShareCapital 2022-02-28 11181075 d:RetainedEarningsAccumulatedLosses 2023-02-28 11181075 d:RetainedEarningsAccumulatedLosses 2022-02-28 11181075 c:FRS102 2022-03-01 2023-02-28 11181075 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11181075 c:FullAccounts 2022-03-01 2023-02-28 11181075 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11181075










MHA PUBLICATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
MHA PUBLICATIONS LIMITED
REGISTERED NUMBER: 11181075

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,634
1,238

Cash at bank and in hand
 5 
7,402
9,413

  
11,036
10,651

Creditors: amounts falling due within one year
 6 
(29,115)
(23,905)

Net current liabilities
  
 
 
(18,079)
 
 
(13,254)

Total assets less current liabilities
  
(18,079)
(13,254)

Creditors: amounts falling due after more than one year
 7 
(5,616)
(8,116)

  

Net liabilities
  
(23,695)
(21,370)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(23,795)
(21,470)

  
(23,695)
(21,370)


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 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 10 November 2023.



E Edwards
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MHA PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

MHA Publications Limited is a private company limited by shares and incorporated in England. Its registered office is 281a Southend Road, Stanford-Le-Hope, Essex, SS17 8HF.

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

The company had a deficit on shareholders funds at 28th February 2023 of £23,695. However, the directors are of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In light of these factors, the directors consider it appropriate to adopt the going concern basis in the preperation of these financial statements.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 2

 
MHA PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Debtors

Page 3

 
MHA PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
2023
2022
£
£


Trade debtors
2,396
-

Other debtors
1,238
1,238

3,634
1,238



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,402
9,413

7,402
9,413



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,509
2,510

Trade creditors
25,898
15,563

Other creditors
708
5,832

29,115
23,905



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
5,616
8,116

5,616
8,116


Page 4

 
MHA PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,509
2,510


2,509
2,510


Amounts falling due 2-5 years

Bank loans
5,616
8,115


5,616
8,115


8,125
10,625



9.


Related party transactions

During the year dividends of £Nil (2022: £nil) were paid to the directors.


Page 5