ACCOUNTS - Final Accounts

SILVER SPORTS WORLD LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-04-302018-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueconsultingfalse2017-05-01 09010452 2017-05-01 2018-04-30 09010452 2016-05-01 2017-04-30 09010452 2018-04-30 09010452 2017-04-30 09010452 c:Director1 2017-05-01 2018-04-30 09010452 d:CurrentFinancialInstruments 2018-04-30 09010452 d:CurrentFinancialInstruments 2017-04-30 09010452 d:CurrentFinancialInstruments d:WithinOneYear 2018-04-30 09010452 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 09010452 d:ShareCapital 2018-04-30 09010452 d:ShareCapital 2017-04-30 09010452 d:RetainedEarningsAccumulatedLosses 2018-04-30 09010452 d:RetainedEarningsAccumulatedLosses 2017-04-30 09010452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-04-30 09010452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-04-30 09010452 c:FRS102 2017-05-01 2018-04-30 09010452 c:AuditExempt-NoAccountantsReport 2017-05-01 2018-04-30 09010452 c:FullAccounts 2017-05-01 2018-04-30 09010452 c:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 iso4217:GBP xbrli:pure

Registered number: 09010452

MS FORBEN CONSULTING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2018

MS FORBEN CONSULTING LIMITED

REGISTERED NUMBER: 09010452

BALANCE SHEET

AS AT 30 APRIL 2018

		2018		2017
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	606		197
Cash at bank and in hand	6	8,596		12,849
		9,202		13,046
Creditors: amounts falling due within one year	7	(6,176)		(4,130)
Net current assets			3,026		8,916
Total assets less current liabilities			3,026		8,916

Net assets			3,026		8,916

Capital and reserves
Called up share capital	9	10	10
Profit and loss account		3,016	8,906
		3,026	8,916

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 2 October 2018.

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

M Scagliola

Director

The notes on pages 2 to 4 form part of these financial statements.

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MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

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.
The financial statements are round to the nearest pound.

The following principal accounting policies have been applied:

2.2

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.

2.3

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.

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MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

2.Accounting policies (continued)

2.4

Debtors

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

2.5

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.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

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 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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Taxation

The company has estimated taxable losses of £3,700 (2017 - £Nil) to offset against future trading profits.

Debtors

					2018	2017
					£	£


Other debtors	606	197

6.	Cash and cash equivalents
		2018	2017
		£	£

	Cash at bank and in hand	8,596	12,849

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MS FORBEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

7.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Corporation tax	-	388
Other creditors	6,176	3,742
	6,176	4,130

8.	Financial instruments
		2018	2017
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	8,596	12,849

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

9.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

100 (2017 - 100) Ordinary shares of £0.10 each	10	10

10.	Related party transactions
	During the year, M Scagliola operaterd a loan account with the company. At 1 May 2017 the company owed M Scagliola £(3,742), during the year amounts were withdrawn and personal expenses paid on behalf of the director totalling £Nil and monies totalling £2,435, leaving a balance of £6,177 owed to M scagliola as at 30 April 2018.

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