2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09667016 2023-04-01 2024-03-31 09667016 2024-03-31 09667016 2023-03-31 09667016 2022-04-01 2023-03-31 09667016 2023-03-31 09667016 2022-03-31 09667016 core:FurnitureFittings 2023-04-01 2024-03-31 09667016 bus:Director1 2023-04-01 2024-03-31 09667016 core:WithinOneYear 2024-03-31 09667016 core:WithinOneYear 2023-03-31 09667016 core:FurnitureFittings 2023-03-31 09667016 core:FurnitureFittings 2024-03-31 09667016 core:ShareCapital 2024-03-31 09667016 core:ShareCapital 2023-03-31 09667016 core:RetainedEarningsAccumulatedLosses 2024-03-31 09667016 core:RetainedEarningsAccumulatedLosses 2023-03-31 09667016 core:FurnitureFittings 2023-03-31 09667016 bus:SmallEntities 2023-04-01 2024-03-31 09667016 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09667016 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09667016 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09667016 bus:FullAccounts 2023-04-01 2024-03-31 09667016 core:OfficeEquipment 2023-04-01 2024-03-31 09667016 core:OfficeEquipment 2023-03-31 09667016 core:OfficeEquipment 2024-03-31 09667016 core:KeyManagementIndividualGroup1 2023-04-01 2024-03-31 09667016 core:KeyManagementIndividualGroup1 2024-03-31
COMPANY REGISTRATION NUMBER: 09667016
Dr Martin Shutkever Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Dr Martin Shutkever Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
2,495
1,522
Current assets
Debtors
6
21,401
17,590
Cash at bank and in hand
237,282
246,738
----------
----------
258,683
264,328
Creditors: amounts falling due within one year
7
26,317
23,602
----------
----------
Net current assets
232,366
240,726
----------
----------
Total assets less current liabilities
234,861
242,248
----------
----------
Net assets
234,861
242,248
----------
----------
Capital and reserves
Called up share capital
20
20
Profit and loss account
234,841
242,228
----------
----------
Shareholders funds
234,861
242,248
----------
----------
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 income statement has not been delivered.
For the year ending 31 March 2024 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 year 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 .
Dr Martin Shutkever Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 1 October 2024 , and are signed on behalf of the board by:
Dr M P Shutkever
Director
Company registration number: 09667016
Dr Martin Shutkever Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, Button Park, Pontefract, West Yorkshire, WF8 4HT, 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
(a) 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.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the services rendered is recognised on issue of a sales invoice when the individual assignment has been completed.
(d) Current & deferred 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.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) 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
-
20% reducing balance
Computer Equipment
-
25% reducing balance
(g) 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.
(h) Financial instruments
Financial instruments are classified as 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 year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2023
3,243
3,025
6,268
Additions
1,667
1,667
-------
-------
-------
At 31 March 2024
3,243
4,692
7,935
-------
-------
-------
Depreciation
At 1 April 2023
2,428
2,318
4,746
Charge for the year
165
529
694
-------
-------
-------
At 31 March 2024
2,593
2,847
5,440
-------
-------
-------
Carrying amount
At 31 March 2024
650
1,845
2,495
-------
-------
-------
At 31 March 2023
815
707
1,522
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
14,951
15,472
Other debtors
6,450
2,118
--------
--------
21,401
17,590
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals
890
850
Corporation tax
5,086
13,009
Social security and other taxes
3,381
3,783
Director's Loan Account
16,960
5,960
--------
--------
26,317
23,602
--------
--------
8. Related parties
During the year the directors made available loans to the company . The loans are interest free and repayable on demand. At the year end the balance due to directors totalled £ 16,960 (2023: £5,960).