ACCOUNTS - Final Accounts


Caseware UK (AP4) 2019.0.227 2019.0.2272020-03-312020-03-311false1No description of principal activity2018-10-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.72152272018-10-012020-03-3172152272017-10-012018-09-3072152272020-03-3172152272018-09-307215227 c:Director1 2018-10-012020-03-317215227 d:MotorVehicles 2018-10-012020-03-317215227 d:MotorVehicles 2020-03-317215227 d:MotorVehicles 2018-09-307215227 d:MotorVehicles d:OwnedOrFreeholdAssets 2018-10-012020-03-317215227 d:CurrentFinancialInstruments 2020-03-317215227 d:CurrentFinancialInstruments 2018-09-307215227 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-317215227 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-307215227 d:ShareCapital 2020-03-317215227 d:ShareCapital 2018-09-307215227 d:RetainedEarningsAccumulatedLosses 2020-03-317215227 d:RetainedEarningsAccumulatedLosses 2018-09-307215227 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-03-317215227 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-09-307215227 c:OrdinaryShareClass1 2018-10-012020-03-317215227 c:OrdinaryShareClass1 2020-03-317215227 c:OrdinaryShareClass1 2018-09-307215227 c:FRS102 2018-10-012020-03-317215227 c:AuditExempt-NoAccountantsReport 2018-10-012020-03-317215227 c:FullAccounts 2018-10-012020-03-317215227 c:PrivateLimitedCompanyLtd 2018-10-012020-03-317215227 6 2018-10-012020-03-31xbrli:sharesiso4217:GBPxbrli:pure

Registered number: 7215227









A TWEEDIE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2020

 
A TWEEDIE LTD
REGISTERED NUMBER: 7215227

BALANCE SHEET
AS AT 31 MARCH 2020

31 March
30 September
2020
2018
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
10,673
-

Investments
 5 
62,467
56,500

  
73,140
56,500

CURRENT ASSETS
  

Cash at bank and in hand
 6 
16,900
38,472

  
16,900
38,472

Creditors: amounts falling due within one year
 7 
(22,778)
(31,535)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(5,878)
 
 
6,937

TOTAL ASSETS LESS CURRENT LIABILITIES
  
67,262
63,437

  

NET ASSETS
  
67,262
63,437


CAPITAL AND RESERVES
  

Called up share capital 
 9 
20
20

Profit and loss account
  
67,242
63,417

  
67,262
63,437


Page 1

 
A TWEEDIE LTD
REGISTERED NUMBER: 7215227
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2020

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 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 by: 




................................................
A Tweedie
Director

Date: 8 December 2020

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

1.


GENERAL INFORMATION

A Tweedie Limited is a limited liability company, incorporated in the United Kingdom. Its registered office is Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG. The principal activity of the business is that of providing accountancy services.

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

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.

 
2.3

PENSIONS

Defined contribution pension plan

The Company operates 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

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.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

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.

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

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.

 
2.8

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.

Page 4

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

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

The average monthly number of employees, including the director, during the period was as follows:


        2020
        2018
            No.
            No.







Director
1
1

Page 5

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

4.


TANGIBLE FIXED ASSETS







Motor vehicles

£



COST OR VALUATION


Additions
12,495



At 31 March 2020

12,495



DEPRECIATION


Charge for the period on owned assets
1,822



At 31 March 2020

1,822



NET BOOK VALUE



At 31 March 2020
10,673



At 30 September 2018
-


5.


FIXED ASSET INVESTMENTS








Other fixed asset investments

£



COST OR VALUATION


At 1 October 2018
56,500


Additions
5,967



At 31 March 2020
62,467




Page 6

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

6.


CASH AND CASH EQUIVALENTS

31 March
30 September
2020
2018
£
£

Cash at bank and in hand
16,900
38,472

16,900
38,472



7.


CREDITORS: Amounts falling due within one year

31 March
30 September
2020
2018
£
£

Corporation tax
17,780
14,241

Other creditors
4,998
17,294

22,778
31,535



8.


FINANCIAL INSTRUMENTS

31 March
30 September
2020
2018
£
£

FINANCIAL ASSETS


Financial assets measured at fair value through profit or loss
16,900
38,472




9.


SHARE CAPITAL

31 March
30 September
2020
2018
£
£
Allotted, called up and fully paid



20 (2018 - 20) Ordinary £1 shares of £1.00 each
20
20

Page 7

 
A TWEEDIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

10.


PENSION COMMITMENTS

The Company operates 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 £45,000 (2018 - £20,000) . Contributions totalling £Nil (2018 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 8