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COMPANY REGISTRATION NUMBER: 12507370
Semantic Consultancy Limited
Filleted Unaudited Financial Statements
30 June 2022
Semantic Consultancy Limited
Statement of Financial Position
30 June 2022
30 Jun 22
31 Mar 22
Note
£
£
£
Current assets
Debtors
5
7,355
Cash at bank and in hand
11,077
17,980
--------
--------
11,077
25,335
Creditors: amounts falling due within one year
6
5,615
13,380
--------
--------
Net current assets
5,462
11,955
-------
--------
Total assets less current liabilities
5,462
11,955
-------
--------
Net assets
5,462
11,955
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,362
11,855
-------
--------
Shareholders funds
5,462
11,955
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 January 2024 , and are signed on behalf of the board by:
Mr N C Potts
Director
Company registration number: 12507370
Semantic Consultancy Limited
Notes to the Financial Statements
Period from 1 April 2022 to 30 June 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Long Barn, Aldsworth, Cheltenham, GL54 3QY, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2022: 1 ).
5. Debtors
30 Jun 22
31 Mar 22
£
£
Trade debtors
7,355
----
-------
6. Creditors: amounts falling due within one year
30 Jun 22
31 Mar 22
£
£
Corporation tax
3,001
3,967
Other creditors
2,614
9,413
-------
--------
5,615
13,380
-------
--------
7. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
30 Jun 22
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr N C Potts
( 8,453)
10,163
( 3,754)
( 2,044)
-------
--------
-------
-------
31 Mar 22
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr N C Potts
100
1,710
( 10,263)
( 8,453)
----
-------
--------
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