Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true1falseProviding consulatncy servicesfalse 09978622 2022-03-01 2023-02-28 09978622 2021-03-01 2022-02-28 09978622 2023-02-28 09978622 2022-02-28 09978622 c:Director1 2022-03-01 2023-02-28 09978622 d:CurrentFinancialInstruments 2023-02-28 09978622 d:CurrentFinancialInstruments 2022-02-28 09978622 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09978622 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09978622 d:ShareCapital 2023-02-28 09978622 d:ShareCapital 2022-02-28 09978622 d:RetainedEarningsAccumulatedLosses 2023-02-28 09978622 d:RetainedEarningsAccumulatedLosses 2022-02-28 09978622 c:FRS102 2022-03-01 2023-02-28 09978622 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09978622 c:FullAccounts 2022-03-01 2023-02-28 09978622 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 09978622









ROUTE 73 CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ROUTE 73 CONSULTING LIMITED
REGISTERED NUMBER: 09978622

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
32,948
14,401

Cash at bank and in hand
  
102,867
91,092

  
135,815
105,493

Creditors: amounts falling due within one year
 5 
(60,227)
(52,383)

Net current assets
  
 
 
75,588
 
 
53,110

Net assets
  
75,588
53,110


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
75,587
53,109

  
75,588
53,110


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 year 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 13 November 2023.




R E Farrow
Director

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

Page 1

 
ROUTE 73 CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Route 73 Consulting Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company is that of providing consultancy services.

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

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:

Rendering of services

Revenue from a contract to provide consultancy 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 costs incurred and the costs to complete the contract can be measured reliably.


 
2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

Page 2

 
ROUTE 73 CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Page 3

 
ROUTE 73 CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of income and retained earnings 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£

Trade debtors
32,948
14,401



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
26,259
23,995

Other taxation and social security
8,229
6,599

Other creditors
14,031
10,951

Accruals
11,708
10,838

60,227
52,383



6.


Related party transactions

At the period end the company owes £14,031 (2022 - £10,951) to the director.

 
Page 4