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2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2021
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xbrli:shares
iso4217:GBP
9370563
2023-01-01
2023-12-31
9370563
2023-12-31
9370563
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9370563
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2022-12-31
9370563
2022-12-31
9370563
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9370563
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2023-12-31
9370563
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9370563
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9370563
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9370563
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9370563
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9370563
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9370563
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2022-12-31
9370563
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9370563
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9370563
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9370563
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2023-12-31
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2023-12-31
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9370563
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2023-01-01
2023-12-31
9370563
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2023-12-31
COMPANY REGISTRATION NUMBER:
9370563
Calm Professional Services Limited |
|
Filleted Unaudited Financial Statements |
|
Calm Professional Services Limited |
|
Year ended 31 December 2023
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 to 3 |
|
|
Notes to the financial statements |
4 to 6 |
|
|
Calm Professional Services Limited |
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Calm Professional Services Limited |
|
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Calm Professional Services Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Calm Professional Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Calm Professional Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Calm Professional Services Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Calm Professional Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Calm Professional Services Limited. You consider that Calm Professional Services Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Calm Professional Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
18 September 2024
Calm Professional Services Limited |
|
Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
5,875 |
3,164 |
|
|
|
|
Current assets
Debtors |
6 |
50,388 |
45,248 |
Cash at bank and in hand |
165,555 |
183,948 |
|
--------- |
--------- |
|
215,943 |
229,196 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
58,049) |
(
58,290) |
|
--------- |
--------- |
Net current assets |
157,894 |
170,906 |
|
--------- |
--------- |
Total assets less current liabilities |
163,769 |
174,070 |
|
|
|
|
Provisions
Taxation including deferred tax |
(
1,468) |
(
601) |
|
--------- |
--------- |
Net assets |
162,301 |
173,469 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
2 |
2 |
Profit and loss account |
162,299 |
173,467 |
|
--------- |
--------- |
Shareholders funds |
162,301 |
173,469 |
|
--------- |
--------- |
|
|
|
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 year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Calm Professional Services Limited |
|
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
Company registration number:
9370563
Calm Professional Services Limited |
|
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Heather Lea Avenue, Dore, Sheffield, S17 3DJ.
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 and represents amounts receivable for rendered, stated net of discounts and of Value Added Tax.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and Fittings |
- |
25% reducing balance |
|
Equipment |
- |
3 year straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 |
– |
7,738 |
7,738 |
Additions |
1,823 |
1,852 |
3,675 |
|
------- |
------- |
-------- |
At 31 December 2023 |
1,823 |
9,590 |
11,413 |
|
------- |
------- |
-------- |
Depreciation |
|
|
|
At 1 January 2023 |
– |
4,574 |
4,574 |
Charge for the year |
184 |
780 |
964 |
|
------- |
------- |
-------- |
At 31 December 2023 |
184 |
5,354 |
5,538 |
|
------- |
------- |
-------- |
Carrying amount |
|
|
|
At 31 December 2023 |
1,639 |
4,236 |
5,875 |
|
------- |
------- |
-------- |
At 31 December 2022 |
– |
3,164 |
3,164 |
|
------- |
------- |
-------- |
|
|
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
14,938 |
24,300 |
Other debtors |
35,450 |
20,948 |
|
-------- |
-------- |
|
50,388 |
45,248 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Corporation tax |
20,086 |
29,751 |
Social security and other taxes |
35,321 |
19,152 |
Other creditors |
2,642 |
9,387 |
|
-------- |
-------- |
|
58,049 |
58,290 |
|
-------- |
-------- |
|
|
|