Registered number
05335564
A. SCHEFFLER LIMITED
Filleted Accounts
31 January 2023
A. SCHEFFLER LIMITED
Registered number: 05335564
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,500,000 2,500,000
Tangible assets 4 1,498 831
Investments 5 210,000 210,000
2,711,498 2,710,831
Current assets
Debtors 6 755,000 505,000
Cash at bank and in hand 11,830,819 10,617,051
12,585,819 11,122,051
Creditors: amounts falling due within one year 7 (882,888) (788,202)
Net current assets 11,702,931 10,333,849
Net assets 14,414,429 13,044,680
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,414,329 13,044,580
Shareholders' funds 14,414,429 13,044,680
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Axel Scheffler
Director
Approved by the board on 28 February 2023
A. SCHEFFLER LIMITED
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 2,500,000
At 31 January 2023 2,500,000
Amortisation
At 31 January 2023 -
Net book value
At 31 January 2023 2,500,000
At 31 January 2022 2,500,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 12,818
Additions 931
At 31 January 2023 13,749
Depreciation
At 1 February 2022 11,987
Charge for the year 264
At 31 January 2023 12,251
Net book value
At 31 January 2023 1,498
At 31 January 2022 831
5 Investments
Other
investments
£
Cost
At 1 February 2022 210,000
At 31 January 2023 210,000
6 Debtors 2023 2022
£ £
Other debtors 755,000 505,000
7 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 380,398 412,802
Other creditors 502,490 375,400
882,888 788,202
8 Other information
A. SCHEFFLER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
35 Grafton Way
LONDON
W1T 5DB
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