Martin N Snape Consulting Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC350650 (Scotland)

Financial Statements for the Year Ended 31 October 2022

for

Martin N Snape Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P E Snape

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC350650 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

1,899

4,271

Investments

5

1,297

1,297

3,196

5,568

CURRENT ASSETS

Cash at bank

1,757

14,717

CREDITORS

Amounts falling due within one year

6

50,107

51,113

NET CURRENT LIABILITIES

(48,350

)

(36,396

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,154

)

(30,828

)

PROVISIONS FOR LIABILITIES

361

811

NET LIABILITIES

(45,515

)

(31,639

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(45,615

)

(31,739

)

SHAREHOLDERS' FUNDS

(45,515

)

(31,639

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:

Dr P E Snape - Director

1.	STATUTORY INFORMATION

Martin N Snape Consulting Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These accounts are prepared on a going concern basis because of the continuing financial support provided by the director.

At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2021

and 31 October 2022

47,251

DEPRECIATION

At 1 November 2021

42,980

Charge for year

2,372

At 31 October 2022

45,352

NET BOOK VALUE

At 31 October 2022

1,899

At 31 October 2021

4,271

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2021

and 31 October 2022

1,297

NET BOOK VALUE

At 31 October 2022

1,297

At 31 October 2021

1,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Taxation and social security

20,629

23,641

Other creditors

29,478

27,472

50,107

51,113

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr P E Snape.