Caseware UK (AP4) 2014.0.91 2014.0.91 2017-03-31 2017-03-31 false 2016-04-01 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true false website development and maintenance 06200250 2016-04-01 2017-03-31 06200250 2015-04-01 2016-03-31 06200250 2017-03-31 06200250 2016-03-31 06200250 c:Director1 2016-04-01 2017-03-31 06200250 d:FurnitureFittings 2016-04-01 2017-03-31 06200250 d:FurnitureFittings 2017-03-31 06200250 d:FurnitureFittings 2016-03-31 06200250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 06200250 d:OfficeEquipment 2016-04-01 2017-03-31 06200250 d:OfficeEquipment 2017-03-31 06200250 d:OfficeEquipment 2016-03-31 06200250 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 06200250 d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 06200250 d:CurrentFinancialInstruments 2017-03-31 06200250 d:CurrentFinancialInstruments 2016-03-31 06200250 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 06200250 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 06200250 d:ShareCapital 2017-03-31 06200250 d:ShareCapital 2016-03-31 06200250 d:RetainedEarningsAccumulatedLosses 2017-03-31 06200250 d:RetainedEarningsAccumulatedLosses 2016-03-31 06200250 c:FRS102 2016-04-01 2017-03-31 06200250 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 06200250 c:FullAccounts 2016-04-01 2017-03-31 06200250 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number:  06200250









MIGGLE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

 
MIGGLE LTD
REGISTERED NUMBER:  06200250

BALANCE SHEET
AS AT  31 MARCH 2017

2017
2016
Note
£
£
   

Tangible assets
 4 
2,637
4,827

   
2,637
4,827

Current assets
   

Debtors: amounts falling due within one year
 5 
24,712
34,669

Cash at bank and in hand
 6 
88,645
60,437

   
113,357
95,106

Creditors: amounts falling due within one year
 7 
(39,125 )
(26,296 )

Net current assets
   
 
 
74,232
 
 
68,810

Total assets less current liabilities
   
76,869
73,637

   

Net assets
   
76,869
73,637

Capital and reserves
   

Called up share capital 
   
100
100

Profit and loss account
   
76,769
73,537

   
76,869
73,637


The directors consider 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 directors acknowledge their 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  18 September 2017 .



Page 1

 
MIGGLE LTD
REGISTERED NUMBER:  06200250
    
BALANCE SHEET  (CONTINUED)
AS AT  31 MARCH 2017

A Mighall
Director
The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MIGGLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

General information

Miggle Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ. The financial statements are presented in Sterling, which is the functional currency of the company.

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 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
· the Company has transferred the significant risks and rewards of ownership to the buyer;
· the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
· the amount of revenue can be measured reliably;
· it is probable that the Company will receive the consideration due under the transaction; and
· the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MIGGLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

2. Accounting policies (continued)

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
Office equipment
-
25 %

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. 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.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 4

 
MIGGLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

2. Accounting policies (continued)

2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2015 to continue to be charged over the period to the first market rent review rather than the term of the lease.

2.9

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.10

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

The average monthly number of employees, including directors, during the year was  11  (2016 -  13 ) .

Page 5

 
MIGGLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2016
6,283
8,508
14,791


Additions
699
-
699



At 31 March 2017

6,982
8,508
15,490



Depreciation


At 1 April 2016
3,939
6,025
9,964


Charge for the year on owned assets
761
2,128
2,889



At 31 March 2017

4,700
8,153
12,853



Net book value



At 31 March 2017
2,282
355
2,637



At 31 March 2016
2,344
2,483
4,827

2017
2016
£
£


Trade debtors
20,962
30,919

Other debtors
2,450
2,450

Prepayments and accrued income
1,300
1,300

24,712
34,669


2017
2016
£
£

Cash at bank and in hand
88,645
60,437

88,645
60,437


Page 6

 
MIGGLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
2017
2016
£
£

Trade creditors
2,672
2,256

Corporation tax
7,950
1,204

Other taxation and social security
24,849
21,624

Other creditors
2,204
512

Accruals and deferred income
1,450
700

39,125
26,296



Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £ 12938 (2016 - £ 7002). Contributions totalling £ NIL (2016 - £ NIL) were payable to the fund at the balance sheet date

 
Page 7