Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false12022-03-011No description of principal activity 08889979 2022-03-01 2023-02-28 08889979 2021-03-01 2022-02-28 08889979 2023-02-28 08889979 2022-02-28 08889979 c:Director1 2022-03-01 2023-02-28 08889979 d:OfficeEquipment 2022-03-01 2023-02-28 08889979 d:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 08889979 d:OtherPropertyPlantEquipment 2023-02-28 08889979 d:OtherPropertyPlantEquipment 2022-02-28 08889979 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08889979 d:CurrentFinancialInstruments 2023-02-28 08889979 d:CurrentFinancialInstruments 2022-02-28 08889979 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08889979 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08889979 d:ShareCapital 2023-02-28 08889979 d:ShareCapital 2022-02-28 08889979 d:RetainedEarningsAccumulatedLosses 2023-02-28 08889979 d:RetainedEarningsAccumulatedLosses 2022-02-28 08889979 c:FRS102 2022-03-01 2023-02-28 08889979 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08889979 c:FullAccounts 2022-03-01 2023-02-28 08889979 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 08889979










AMAC RESEARCH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
AMAC RESEARCH LIMITED
REGISTERED NUMBER:08889979

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
                                                                      Note
£
£

Fixed assets
  

Tangible assets
 4 
2,207
-

Current assets
  

Debtors: amounts falling due within one year
 5 
115
2,613

Cash at bank and in hand
 6 
14,927
11,785

  
15,042
14,398

Creditors: amounts falling due within one year
 7 
(3,603)
(6,003)

Net current assets
  
 
 
11,439
 
 
8,395

  

Net assets
  
13,646
8,395


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
13,645
8,394

  
13,646
8,395


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 comprehensive income 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 by: 




Sau Kui Aston Chan
Director

Date: 14 November 2023

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
AMAC RESEARCH LIMITED
REGISTERED NUMBER:08889979
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023


Page 2

 
AMAC RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

AMAC Reserach Limited is a private company, limited by shares, registered in England and Wales, registration number 08889979. The registered office is at 10 Queen Street Place, London, EC4R 1AG.
The functional and presentation currency is £ sterling.

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 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

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 reporting date in the countries where the Company operates and generates income.

 
2.4

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 3

 
AMAC RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

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.

 
2.5

Debtors

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

 
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. 

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

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


3.


Employees

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

Page 4

 
AMAC RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 March 2022
7,030


Additions
2,408


Disposals
(7,030)



At 28 February 2023

2,408



Depreciation


At 1 March 2022
7,030


Charge for the year on owned assets
201


Disposals
(7,030)



At 28 February 2023

201



Net book value



At 28 February 2023
2,207



At 28 February 2022
-


5.


Debtors

2023
2022
£
£

Other debtors
115
2,613



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
14,927
11,785


Page 5

 
AMAC RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
2,400

Other creditors
500
500

Accruals
3,103
3,103

3,603
6,003



8.


Controlling party

The ultimate controlling party is Sau Kui Aston Chan.

 
Page 6