Managed Self Limited - Period Ending 2018-06-30
Managed Self Limited - Period Ending 2018-06-30
Registration number:
Managed Self Limited
for the Period from 29 March 2017 to 30 June 2018
Suite 8A 3RD Floor Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY
Managed Self Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Managed Self Limited
Company Information
Director |
Mr W Cooper |
Registered office |
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Accountants |
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Page 1 |
Managed Self Limited
(Registration number: 10696687)
Balance Sheet as at 30 June 2018
Note |
2018 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
For the financial period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Managed Self Limited
Notes to the Financial Statements for the Period from 29 March 2017 to 30 June 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
33.33% straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Development costs |
33.33% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 3 |
Managed Self Limited
Notes to the Financial Statements for the Period from 29 March 2017 to 30 June 2018
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Intangible assets |
Internally generated software development costs |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 30 June 2018 |
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Amortisation |
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Amortisation charge |
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At 30 June 2018 |
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Carrying amount |
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At 30 June 2018 |
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The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil.
Page 4 |
Managed Self Limited
Notes to the Financial Statements for the Period from 29 March 2017 to 30 June 2018
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2018 |
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Depreciation |
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Charge for the period |
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At 30 June 2018 |
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Carrying amount |
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At 30 June 2018 |
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Creditors |
Creditors: amounts falling due within one year
2018 |
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Due within one year |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2018 |
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No. |
£ |
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1 |
Related party transactions |
Transactions with directors |
2018 |
Advances to directors |
Repayments by director |
At 30 June 2018 |
Mr W Cooper |
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Director's loan account |
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( |
( |
Page 5 |