UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 24 FEBRUARY 2022 TO 31 JULY 2023 |
FOR |
SCHOFIELDS ACCOUNTANTS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 24 FEBRUARY 2022 TO 31 JULY 2023 |
FOR |
SCHOFIELDS ACCOUNTANTS LIMITED |
SCHOFIELDS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13936979) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 24 February 2022 to 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SCHOFIELDS ACCOUNTANTS LIMITED |
COMPANY INFORMATION |
For The Period 24 February 2022 to 31 July 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SCHOFIELDS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13936979) |
BALANCE SHEET |
31 July 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SCHOFIELDS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13936979) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 24 February 2022 to 31 July 2023 |
1. | STATUTORY INFORMATION |
Schofields Accountants Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients but excluding value added tax. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Amounts recoverable on contracts |
Services provided to clients during the year, which at the balance sheet date have not been billed, are recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
SCHOFIELDS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13936979) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 24 February 2022 to 31 July 2023 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 31 July 2023 |
DEPRECIATION |
Charge for period |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts recoverable on contracts |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | £1 | 400 |
Ordinary B | £1 | 400 |
Ordinary C | £1 | 100 |
Ordinary D | £1 | 100 |
1,000 |
1000 Ordinary shares of £1 each were allocated and fully paid for cash at par during the period. |