Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01falsetbc22falsetrue 03772639 2022-09-01 2023-08-31 03772639 2021-09-01 2022-08-31 03772639 2023-08-31 03772639 2022-08-31 03772639 c:Director1 2022-09-01 2023-08-31 03772639 d:FurnitureFittings 2022-09-01 2023-08-31 03772639 d:FurnitureFittings 2023-08-31 03772639 d:FurnitureFittings 2022-08-31 03772639 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03772639 d:OfficeEquipment 2022-09-01 2023-08-31 03772639 d:OfficeEquipment 2023-08-31 03772639 d:OfficeEquipment 2022-08-31 03772639 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03772639 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03772639 d:CurrentFinancialInstruments 2023-08-31 03772639 d:CurrentFinancialInstruments 2022-08-31 03772639 d:Non-currentFinancialInstruments 2023-08-31 03772639 d:Non-currentFinancialInstruments 2022-08-31 03772639 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03772639 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03772639 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03772639 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 03772639 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 03772639 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 03772639 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 03772639 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 03772639 d:ShareCapital 2023-08-31 03772639 d:ShareCapital 2022-08-31 03772639 d:RetainedEarningsAccumulatedLosses 2023-08-31 03772639 d:RetainedEarningsAccumulatedLosses 2022-08-31 03772639 c:OrdinaryShareClass1 2022-09-01 2023-08-31 03772639 c:OrdinaryShareClass1 2023-08-31 03772639 c:FRS102 2022-09-01 2023-08-31 03772639 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 03772639 c:FullAccounts 2022-09-01 2023-08-31 03772639 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03772639 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03772639














SHARKEY & CO THEATRICAL AGENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 AUGUST 2023

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
SHARKEY & CO THEATRICAL AGENTS LIMITED
REGISTERED NUMBER:03772639

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,197
1,782

Current assets
  

Debtors: amounts falling due within one year
 5 
5,144
6,514

Bank and cash balances
  
300,894
42,776

  
306,038
49,290

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(255,360)
(24,710)

Net current assets
  
 
 
50,678
 
 
24,580

Creditors: amounts falling due after more than one year
 7 
(4,000)
(6,000)

  

Net assets
  
49,875
20,362


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
49,873
20,360

  
49,875
20,362


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 on 26 February 2024.


S J Sharkey
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Sharkey & Co Theatrical Agents Limited is a private limited liability company registered in England and Wales. Its registered office address is 44 Lexington Street, London, W1F 0LW.
The principal activity of the company during the year was that of acting as a theatrical agent.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Revenue from commission is recognised in the period when the services are performed.

 
2.3

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

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 the Statement of Comprehensive Income.

Page 2

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other creditors, cash at bank and in hand and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash at bank and in hand comprise cash balances and call deposits.

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable.

 
2.7

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.8

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of Comprehensive Income, 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 dat.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 September 2022
1,134
10,390
11,524


Additions
87
2,738
2,825


Disposals
-
(3,990)
(3,990)



At 31 August 2023

1,221
9,138
10,359



Depreciation


At 1 September 2022
1,099
8,643
9,742


Charge for the year on owned assets
54
1,356
1,410


Disposals
-
(3,990)
(3,990)



At 31 August 2023

1,153
6,009
7,162



Net book value



At 31 August 2023
68
3,129
3,197



At 31 August 2022
35
1,747
1,782


5.


Debtors

2023
2022
£
£


Other debtors
2,977
78

Prepayments and accrued income
2,167
6,436

5,144
6,514


Page 5

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,000
2,000

Trade creditors
-
6,288

Other taxation and social security
15,593
9,590

Other creditors
232,757
2,532

Accruals and deferred income
5,010
4,300

255,360
24,710



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
4,000
6,000



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,000
2,000

Amounts falling due 1-2 years

Bank loans
2,000
2,000

Amounts falling due 2-5 years

Bank loans
2,000
4,000


6,000
8,000



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2  Ordinary shares of £1 each
2
2


Page 6

 
SHARKEY & CO THEATRICAL AGENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £533 (2022 -£543). Contributions totalling £106 (2022 - £106) were payable to the fund at the reporting date and are included in creditors.

 
Page 7