Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-31falsefalseNo description of principal activity2021-06-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2 05845917 2021-06-01 2022-05-31 05845917 2020-06-01 2021-05-31 05845917 2022-05-31 05845917 2021-05-31 05845917 c:Director1 2021-06-01 2022-05-31 05845917 d:PlantMachinery 2021-06-01 2022-05-31 05845917 d:PlantMachinery 2022-05-31 05845917 d:PlantMachinery 2021-05-31 05845917 d:CurrentFinancialInstruments 2022-05-31 05845917 d:CurrentFinancialInstruments 2021-05-31 05845917 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05845917 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 05845917 d:ShareCapital 2022-05-31 05845917 d:ShareCapital 2021-05-31 05845917 d:RetainedEarningsAccumulatedLosses 2022-05-31 05845917 d:RetainedEarningsAccumulatedLosses 2021-05-31 05845917 c:FRS102 2021-06-01 2022-05-31 05845917 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 05845917 c:FullAccounts 2021-06-01 2022-05-31 05845917 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 05845917 2 2021-06-01 2022-05-31 05845917 e:PoundSterling 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 05845917









AMOSCA ENTERPRISE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
AMOSCA ENTERPRISE LIMITED
REGISTERED NUMBER: 05845917

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
72,382
61,226

Cash at bank and in hand
  
34,113
9,446

  
106,495
70,672

Creditors: amounts falling due within one year
 6 
(101,938)
(65,688)

Net current assets
  
 
 
4,557
 
 
4,984

  

Net assets
  
4,557
4,984


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,457
4,884

  
4,557
4,984


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 27 November 2023.


N Gorvett
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
AMOSCA ENTERPRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Amosca Enterprise Limtied is a private company limited by shares and registered in England and Wales. Its registered office is 8 Scotts Lane, Bromley, Kent, BR2 0LH.

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.

 
2.2

Going concern

After reviewing the company's forecast and projection the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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 and value added tax.
Turnover includes revenue from the rendering of services and is recognised at the point in which the relevant service has been provided.

 
2.4

Interest income

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

  
2.5

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. 

 
2.6

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.

 
2.7

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

 
AMOSCA ENTERPRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)


2.7
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:

Plant and machinery
-
25%
straight line basis

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.

  
2.8

Debtors

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

 
2.9

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.

 
2.10

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.

 
2.11

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 and loans to related parties.

 
2.12

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 2 (2021 - 2).

Page 3

 
AMOSCA ENTERPRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 June 2021
7,688



At 31 May 2022

7,688



Depreciation


At 1 June 2021
7,688



At 31 May 2022

7,688



Net book value



At 31 May 2022
-



At 31 May 2021
-


5.


Debtors

2022
2021
£
£


Other debtors
57,778
46,622

Tax recoverable
14,604
14,604

72,382
61,226


Page 4

 
AMOSCA ENTERPRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
53,209
47,807

Other taxation and social security
43,679
13,481

Accruals
5,050
4,400

101,938
65,688



7.


Related party transactions

During the year the company received consultancy fee of £206,417 (2021: £90,000) from Amosca Limited, a company in which Noel Gorvett is a director. As at the reporting date, the oustanding balance due from Amosca Limited is £55,167 (2021: £1,688).
At the reporting date, the director owed £2,611 (2021: £1,688) to the company.

 
Page 5