Rerum Consultancy Ltd - Period Ending 2019-04-30

Registration number: 06842276

Rerum Consultancy Ltd

Unaudited Abridged Financial Statements

(Companies House Version)

for the Year Ended 30 April 2019

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB

Rerum Consultancy Ltd

Contents

Accountants' Report	1
Abridged Balance Sheet	2 to 3
Notes to the Abridged Financial Statements	4 to 7

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rerum Consultancy Ltd
for the Year Ended 30 April 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rerum Consultancy Ltd for the year ended 30 April 2019 as set out on pages 2 to 7 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Rerum Consultancy Ltd, 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 Rerum Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Rerum Consultancy Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rerum Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rerum Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rerum Consultancy Ltd. You consider that Rerum Consultancy Ltd 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 accounts of Rerum Consultancy Ltd. 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 accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB

27 January 2019

Page 1

Rerum Consultancy Ltd

(Registration number: 06842276)
Abridged Balance Sheet as at 30 April 2019

	Note	2019		2018
		£	£	£	£
Fixed assets
Tangible assets	4		5,558		4,899
Current assets
Stocks		-		3,816
Debtors		33,260		48,893
Cash at bank and in hand		16,506		9,810
		49,766		62,519
Creditors: Amounts falling due within one year		(36,905)		(58,940)
Net current assets			12,861		3,579
Total assets less current liabilities			18,419		8,478
Creditors: Amounts falling due after more than one year			(8,000)		-
Provisions for liabilities			(1,056)		(931)
Net assets			9,363		7,547
Capital and reserves
Called up share capital		10		10
Profit and loss account		9,353		7,537
Total equity			9,363		7,547

The notes on pages 4 to 7 form an integral part of these abridged financial statements.

Page 2

Rerum Consultancy Ltd

(Registration number: 06842276)
Abridged Balance Sheet as at 30 April 2019

For the financial year ending 30 April 2019 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered to the Registrar in accordance with the provisions applicable to companies subject to the small companies' regime and the directors have not delivered to the Registrar a copy of the company's profit and loss account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 27 January 2019 and signed on its behalf by:
 

.........................................

Mr S V Van Kleef

Director

The notes on pages 4 to 7 form an integral part of these abridged financial statements.

Page 3

Rerum Consultancy Ltd

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The principal place of business is:
12 Saltby Green
West Bridgford
Nottingham
NG2 7UT

These financial statements were authorised for issue by the Board on 27 January 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Page 4

Rerum Consultancy Ltd

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

During the year, the average number of employees at the company was 0 (2018 - 0).

Page 5

Rerum Consultancy Ltd

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

4	Tangible assets

	Fixtures and fittings  £	Total £
Cost or valuation
At 1 May 2018	9,377	9,377
Additions	2,512	2,512
At 30 April 2019	11,889	11,889
Depreciation
At 1 May 2018	4,478	4,478
Charge for the year	1,853	1,853
At 30 April 2019	6,331	6,331
Carrying amount
At 30 April 2019	5,558	5,558
At 30 April 2018	4,899	4,899

5	Legal charge

An unused factoring account is secured by way of a debenture dated 27 April 2016 which is secured by personal guarantee given by the directors. The security contains both a fixed and floating charge as well as a negative pledge.

Page 6

Rerum Consultancy Ltd

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

6	Obligations under leases and hire purchase contracts

Operating leases

At 30 April 2019 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,153 (2018 - £5,239).
 

Page 7