ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

SILVER SPORTS WORLD LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-302017-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseConsultancy Servicesfalse2016-05-01 09010452 2016-05-01 2017-04-30 09010452 2015-05-01 2016-04-30 09010452 2017-04-30 09010452 2016-04-30 09010452 c:Director1 2016-05-01 2017-04-30 09010452 d:CurrentFinancialInstruments 2017-04-30 09010452 d:CurrentFinancialInstruments 2016-04-30 09010452 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 09010452 d:CurrentFinancialInstruments d:WithinOneYear 2016-04-30 09010452 d:ShareCapital 2017-04-30 09010452 d:ShareCapital 2016-04-30 09010452 d:RetainedEarningsAccumulatedLosses 2017-04-30 09010452 d:RetainedEarningsAccumulatedLosses 2016-04-30 09010452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-04-30 09010452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-04-30 09010452 c:OrdinaryShareClass1 2016-05-01 2017-04-30 09010452 c:OrdinaryShareClass1 2017-04-30 09010452 c:FRS102 2016-05-01 2017-04-30 09010452 c:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 09010452 c:FullAccounts 2016-05-01 2017-04-30 09010452 c:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09010452

MS FORBEN CONSULTING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

MS FORBEN CONSULTING LIMITED

REGISTERED NUMBER: 09010452

BALANCE SHEET

AS AT 30 APRIL 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	197		179
Cash at bank and in hand	5	12,849		8,799
		13,046		8,978
Creditors: amounts falling due within one year	6	(4,130)		(1,510)
Net current assets			8,916		7,468
Total assets less current liabilities			8,916		7,468

Net assets			8,916		7,468

Capital and reserves
Called up share capital	8	10	10
Profit and loss account		8,906	7,458
		8,916	7,468

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 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 30 November 2017.

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

M Scagliola

Director

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

Page 1

MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

1.	General information

MS Forben Consulting Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is 7th Floor, Dashwood House, 69 Old Broad Street, London, EC2M 1QS. The principal activity of the company continued to be that of consultancy 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 financial statements are presented in sterling, which is the functional currency of the company.
These financial statements for the year ended 30 April 2017 are the first financial statements
prepared in accordance with FRS 102 Section 1A. The date of transition to FRS 102 Section 1A was
01 May 2015. Information on impact of first-time adoption of FRS 102 is given in note 10.

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

Debtors

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

2.4

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.

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MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instruments 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.

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.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Debtors

					2017	2016
					£	£


Other debtors	197	179

5.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	12,849	8,799
	12,849	8,799

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MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	388	557
Other creditors	3,742	953
	4,130	1,510

7.	Financial instruments
		2017	2016
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	12,849	8,799

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Allotted, called up and fully paid

100 Ordinary shares of £0.10 each	10	10

9.	Related party transactions
	During the year, M Scagliola operaterd a loan account with the company. At 1 May 2016 the loan account was £(953) creditor, during the year amounts were withdrawn and personal expenses paid on behalf of the director totalling £202 and monies totalling £2,991, leaving a balance of £3,742 as at 31 April 2017.

Page 4

MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

10.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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