Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-312022-11-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09816090 2022-11-01 2023-10-31 09816090 2021-11-01 2022-10-31 09816090 2023-10-31 09816090 2022-10-31 09816090 c:Director2 2022-11-01 2023-10-31 09816090 d:CurrentFinancialInstruments 2023-10-31 09816090 d:CurrentFinancialInstruments 2022-10-31 09816090 d:Non-currentFinancialInstruments 2023-10-31 09816090 d:Non-currentFinancialInstruments 2022-10-31 09816090 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09816090 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09816090 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09816090 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09816090 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09816090 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09816090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09816090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09816090 d:ShareCapital 2023-10-31 09816090 d:ShareCapital 2022-10-31 09816090 d:RetainedEarningsAccumulatedLosses 2023-10-31 09816090 d:RetainedEarningsAccumulatedLosses 2022-10-31 09816090 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09816090 c:OrdinaryShareClass1 2023-10-31 09816090 c:OrdinaryShareClass1 2022-10-31 09816090 c:FRS102 2022-11-01 2023-10-31 09816090 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09816090 c:FullAccounts 2022-11-01 2023-10-31 09816090 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09816090










SHEARMAN CONSULTING LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SHEARMAN CONSULTING LIMITED
REGISTERED NUMBER: 09816090

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
30,791
23,791

Cash at bank and in hand
 5 
-
24,360

  
30,791
48,151

Creditors: amounts falling due within one year
 6 
(8,559)
(20,230)

Net current assets
  
 
 
22,232
 
 
27,921

Total assets less current liabilities
  
22,232
27,921

Creditors: amounts falling due after more than one year
 7 
(23,160)
(27,187)

  

Net (liabilities)/assets
  
(928)
734


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(1,028)
634

  
(928)
734


Page 1

 
SHEARMAN CONSULTING LIMITED
REGISTERED NUMBER: 09816090
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

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 22 November 2023.




H Brown
Director

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

Page 2

 
SHEARMAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Shearman Consulting Limited is a company domiciled in England and Wales, registration number 09816090. The registered office is The Dairy, Manor Courtyard, Aston Sandford, HP17 8JB..  

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

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.

 
2.3

Borrowing costs

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

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

 
2.5

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.

 
2.6

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.

Page 3

 
SHEARMAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
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).


4.


Debtors

2023
2022
£
£


Other debtors
30,791
23,791

30,791
23,791



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
24,360

Less: bank overdrafts
(363)
-

(363)
24,360


Page 4

 
SHEARMAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
363
-

Bank loans
4,028
4,029

Corporation tax
435
15,197

Other creditors
3,733
4

Accruals and deferred income
-
1,000

8,559
20,230



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,160
27,187

23,160
27,187


Page 5

 
SHEARMAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,028
4,028


4,028
4,028

Amounts falling due 1-2 years

Bank loans
4,028
4,028


4,028
4,028

Amounts falling due 2-5 years

Bank loans
19,132
23,160


19,132
23,160


27,188
31,216



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6