Ringmaster Consulting Limited Accounts

RINGMASTER CONSULTING LIMITED - Company Information






Ringmaster Consulting Limited

	Company No. 11178554
		Financial Statements for the year ended
		31 July 2021

at	31 July 2021
Company No.		11178554	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	215	324


				215	324
Current assets

	Debtors		5	174,195	94,707

	Cash at bank and in hand			668,569	23,839
				842,764	118,546
Creditors: Amount falling due within one year			6	(315,656)	(99,143)
Net current assets				527,108	19,403
Total assets less current liabilities				527,323	19,727




Net assets				527,323	19,727

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		7	527,322	19,726

Total equity				527,323	19,727



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 26 November 2021
And signed on its behalf by:
D.S. Muller
Director
26 November 2021

for the year ended 31 July 2021

General information

Its registered number is: 11178554

Its registered office is:

Suite 2, Centre Court

Vine Lane

Halesowen

West Midlands

B63 3EB

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. Turnover is reduced for discounts, rebates and other similar allowances.

Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax represents the future tax consequences of transactions and events recognised in the accounts of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the accounts that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the accounts. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Defined contribution pensions

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 payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2021	2020
			Number	Number
		The average number of persons employed during the year :	1	1

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 August 2020	433	433




		At 31 July 2021	433	433
		Depreciation
		At 1 August 2020	109	109
		Charge for the year	109	109



		At 31 July 2021	218	218
		Net book values
		At 31 July 2021	215	215
		At 31 July 2020	324	324

5	Debtors
			2021	2020
			£	£
		Trade debtors	170,922	-

		Corporation tax recoverable	-	1,672


		Loans to directors	-	93,035
		Other debtors	3,273	-

			174,195	94,707

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£


		Other loans	-	91,080

		Trade creditors	96,928	768


		Other taxes and social security	217,353	6,620
		Loans from directors	675	-
		Other creditors	-	1
		Accruals and deferred income	700	674
			315,656	99,143

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	132,000	-

			132,000	-

		Dividends by type:

		Equity dividends	132,000	-
			132,000	-

9	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 August 2020	Advanced	Repaid	At 31 July 2021
				£	£	£	£
		D.S. Muller	Director's loan account	93,035	3,850	(96,885)	-







































				93,035	3,850	(96,885)	-