ACCOUNTS - Final Accounts

NUMBERS COUNT LIMITED - Company Information

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Registered number: 04250834

NUMBERS COUNT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

NUMBERS COUNT LIMITED

COMPANY INFORMATION

Director	K Maloney


Company secretary	J Maloney


Registered number	04250834


Registered office	5 Brookfield Way
	Lower Cambourne
	Cambridge
	CB23 5EB


Accountants	Price Bailey LLP
	Chartered Accountants
	Tennyson House
	Cambridge Business Park
	Cambridge
	CB4 0WZ

NUMBERS COUNT LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

NUMBERS COUNT LIMITED

REGISTERED NUMBER: 04250834

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		178		415
Current assets
Debtors: amounts falling due within one year	5	21,712		26,903
Cash at bank and in hand	6	7,734		6,791
		29,446		33,694
Creditors: amounts falling due within one year	7	(8,045)		(8,184)
Net current assets			21,401		25,510

Net assets			21,579		25,925

Capital and reserves
Called up share capital	8	2	2
Profit and loss account		21,577	25,923
		21,579	25,925

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 year 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 income and retained earnings 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 on 20 December 2021.

K Maloney

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

NUMBERS COUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

Numbers Count Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered is 5 Brookfield Way, Lower Cambourne, Cambridge, CB23 5EB. The principle activity of the Company continued to be that of bookkeeping.

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 financial statements are presented in pounds sterling, which is the functional currency of the Company.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Interest income

Interest income is recognised in Statement of Income and Retained Earnings using the effective interest method.

2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings 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.

Page 2

NUMBERS COUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

50%

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 Statement of Income and Retained Earnings.

2.6

Debtors

Short term debtors are measured at transaction price, less any 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.

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 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 Income and Retained Earnings.

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.

Page 3

NUMBERS COUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost
	At 1 April 2020	474
	At 31 March 2021	474
	Depreciation
	At 1 April 2020	59
	Charge for the year on owned assets	237
	At 31 March 2021	296
	Net book value
	At 31 March 2021	178
	At 31 March 2020	415

Debtors

					2021	2020
					£	£


Trade debtors	4,796	5,677
Other debtors	15,845	20,575
Prepayments and accrued income	1,071	651
	21,712	26,903

6.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	7,734	6,791

Page 4

NUMBERS COUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	502	9
Corporation tax	6,191	6,709
Other taxation and social security	232	294
Accruals and deferred income	1,120	1,172
	8,045	8,184

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

2 Ordinary shares of £1.00 each	2	2

9.	Related party transactions
	During the year the Company paid dividends of £15,250 (2020 - £16,500) to Mr K Maloney, the director of the Company. During the year the Company paid dividends of £15,250 (2020 - £16,500) to Mrs J Maloney, the wife of Mr K Maloney who is the director of the Company.

Page 5