| Director |
| Registered office | |
| Registered number | 11406596 |
| Accountant | S S Marley Limited |
| 11 Solomon Avenue | |
| London | |
| N9 0SF |
| Notes |
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The financial statements were approved and authorised for issue by the Board of Directors on
Sowah Marley, Sandra
Director |
Company registration number 11406596
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006. The financial statements are presented in sterling, which is the company's functional and presentational currency.
The accounting policies set out below have been applied consistently to all periods presented.
The director has assessed the company's financial position, cash flows and forecast obligations and is satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis
The company's principal activity is the provision of accountancy, auditing, compliance, advisory and professional services.
Revenue is recognised when:
Revenue is measured at the fair value of consideration received or receivable, excluding VAT.
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Trade and other debtors are recognised at transaction price and subsequently measured at amortised cost, less impairment for doubtful debts.
Impairment is assessed based on the directors judgement of recoverability, considering historical experience and specific client circumstances.
Trade creditors and other creditors are recognised at transaction price and subsequently measured at amortised cost.
No complex financial instruments, derivatives or hedging arrangements are held.
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. The company has issued 1 ordinary share of £1, fully paid.
Cash and cash equivalents include cash at bank and in hand. The company does not operate overdraft facilities or hold short-term investments.
The director makes judgements in applying accounting policies and estimates that affect the reported amounts of assets and liabilities.
The key judgement relates to:
Recoverability of Trade Debtors
The director assesses whether debtors are recoverable based on:
No other material judgements or estimation uncertainties exist due to the straightforward nature of the company's operations.
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The director received £18,000 in remuneration during the year. There were no other related party transactions.