Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-032022-04-011trueNo description of principal activityfalsefalse1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09243780 2022-04-01 2023-03-31 09243780 2021-04-01 2022-03-31 09243780 2023-03-31 09243780 2022-03-31 09243780 c:Director1 2022-04-01 2023-03-31 09243780 c:RegisteredOffice 2022-04-01 2023-03-31 09243780 d:PlantMachinery 2022-04-01 2023-03-31 09243780 d:PlantMachinery 2023-03-31 09243780 d:PlantMachinery 2022-03-31 09243780 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09243780 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09243780 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09243780 d:ShareCapital 2023-03-31 09243780 d:ShareCapital 2022-03-31 09243780 d:RetainedEarningsAccumulatedLosses 2023-03-31 09243780 d:RetainedEarningsAccumulatedLosses 2022-03-31 09243780 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09243780 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 09243780 c:FRS102 2022-04-01 2023-03-31 09243780 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09243780 c:AbridgedAccounts 2022-04-01 2023-03-31 09243780 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09243780 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 09243780










MACHINE REFLEX LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2023

 
MACHINE REFLEX LIMITED
 

Company Information


Director
D Bateman 




Registered number
09243780



Registered office
14 Abbeydale Hall
Abbeydale Road South

Dore

Sheffield

South Yorkshire

S17 3LJ





 
MACHINE REFLEX LIMITED
Registered number: 09243780

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
807
299

  
807
299

Current assets
  

Cash at bank and in hand
  
29,014
21,047

  
29,014
21,047

Creditors: amounts falling due within one year
  
(4,759)
(4,143)

Net current assets
  
 
 
24,255
 
 
16,904

Total assets less current liabilities
  
25,062
17,203

Net assets
  
25,062
17,203


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
25,052
17,193

  
25,062
17,203


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 his 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 3 May 2023.




D Bateman
Director

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

Page 1

 
MACHINE REFLEX LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

1.


General information

Machine Reflex Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
MACHINE REFLEX LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and equipment
-
18%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

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 at an annual general meeting.


3.


Employees

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

Page 3

 
MACHINE REFLEX LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

4.


Tangible fixed assets





Plant and equipment

£



Cost or valuation


At 1 April 2022
978


Additions
667



At 31 March 2023

1,645



Depreciation


At 1 April 2022
679


Charge for the year on owned assets
159



At 31 March 2023

838



Net book value



At 31 March 2023
807



At 31 March 2022
299


5.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
29,014
21,047




6.


Related party transactions

The company operates a directors current accounts in respect of the sole director. The amount owed to the director
at the financial year end was £273 (2022 £1,189).


Page 4