Caseware UK (AP4) 2023.0.135 2023.0.135 2022-10-292022-10-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-10-31falseNo description of principal activity11truetrue 07796440 2021-10-31 2022-10-29 07796440 2020-10-31 2021-10-30 07796440 2022-10-29 07796440 2021-10-30 07796440 c:Director1 2021-10-31 2022-10-29 07796440 d:ComputerEquipment 2021-10-31 2022-10-29 07796440 d:ComputerEquipment 2022-10-29 07796440 d:ComputerEquipment 2021-10-30 07796440 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-31 2022-10-29 07796440 d:CurrentFinancialInstruments 2022-10-29 07796440 d:CurrentFinancialInstruments 2021-10-30 07796440 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-29 07796440 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-30 07796440 d:ShareCapital 2022-10-29 07796440 d:ShareCapital 2021-10-30 07796440 d:RetainedEarningsAccumulatedLosses 2022-10-29 07796440 d:RetainedEarningsAccumulatedLosses 2021-10-30 07796440 d:AcceleratedTaxDepreciationDeferredTax 2022-10-29 07796440 d:AcceleratedTaxDepreciationDeferredTax 2021-10-30 07796440 c:FRS102 2021-10-31 2022-10-29 07796440 c:AuditExempt-NoAccountantsReport 2021-10-31 2022-10-29 07796440 c:FullAccounts 2021-10-31 2022-10-29 07796440 c:PrivateLimitedCompanyLtd 2021-10-31 2022-10-29 07796440 2 2021-10-31 2022-10-29 07796440 e:PoundSterling 2021-10-31 2022-10-29 iso4217:GBP xbrli:pure

Registered number: 07796440










SELA CONSULTING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 OCTOBER 2022

 
SELA CONSULTING LTD
REGISTERED NUMBER: 07796440

BALANCE SHEET
AS AT 29 OCTOBER 2022

29 October
30 October
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,005
1,133

  
1,005
1,133

Current assets
  

Debtors: amounts falling due within one year
 5 
23,104
37,286

Cash at bank and in hand
 6 
7,095
30,071

  
30,199
67,357

Creditors: amounts falling due within one year
 7 
(30,627)
(67,465)

Net current liabilities
  
 
 
(428)
 
 
(108)

Total assets less current liabilities
  
577
1,025

Provisions for liabilities
  

Deferred tax
  
(191)
-

  
 
 
(191)
 
 
-

Net assets
  
386
1,025


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
286
925

  
386
1,025


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 period 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 10 September 2024.


Page 1

 
SELA CONSULTING LTD
REGISTERED NUMBER: 07796440

BALANCE SHEET (CONTINUED)
AS AT 29 OCTOBER 2022



Mr S Smillie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SELA CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

1.


General information

Sela Consulting Limited is a private company limited by shares incorporated in England and Wales. The
registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SELA CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
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
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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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.

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:

Computer equipment
-
33%

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.

 
2.7

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.

Page 4

 
SELA CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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

2022
2021
£
£

Wages and salaries
16,156
15,960

16,156
15,960


The average monthly number of employees, including directors, during the period was 1 (2021 - 1).

Page 5

 
SELA CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 31 October 2021
16,099


Additions
1,509



At 29 October 2022

17,608



Depreciation


At 31 October 2021
14,966


Charge for the period on owned assets
1,637



At 29 October 2022

16,603



Net book value



At 29 October 2022
1,005



At 30 October 2021
1,133


5.


Debtors

29 October
30 October
2022
2021
£
£


Director's loan
14,666
22,324

Other debtors
8,407
8,407

VAT repayable
31
6,555

23,104
37,286



6.


Cash and cash equivalents

29 October
30 October
2022
2021
£
£

Cash at bank and in hand
7,095
30,071

7,095
30,071


Page 6

 
SELA CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

29 October
30 October
2022
2021
£
£

Corporation tax
23,899
65,365

Other taxation and social security
2,828
-

Accruals and deferred income
3,900
2,100

30,627
67,465



8.


Deferred taxation






2022


£






Charged to profit or loss
191



At end of year
191

The deferred taxation balance is made up as follows:

29 October
30 October
2022
2021
£
£


Accelerated capital allowances
191
-

191
-


Page 7