Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseNo description of principal activity1416trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00884419 2021-01-01 2021-12-31 00884419 2020-01-01 2020-12-31 00884419 2021-12-31 00884419 2020-12-31 00884419 c:Director13 2021-01-01 2021-12-31 00884419 c:Director20 2021-01-01 2021-12-31 00884419 d:FurnitureFittings 2021-01-01 2021-12-31 00884419 d:FurnitureFittings 2021-12-31 00884419 d:FurnitureFittings 2020-12-31 00884419 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00884419 d:OfficeEquipment 2021-01-01 2021-12-31 00884419 d:OfficeEquipment 2021-12-31 00884419 d:OfficeEquipment 2020-12-31 00884419 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00884419 d:ComputerEquipment 2021-01-01 2021-12-31 00884419 d:ComputerEquipment 2021-12-31 00884419 d:ComputerEquipment 2020-12-31 00884419 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00884419 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00884419 d:LeaseholdInvestmentProperty 2021-12-31 00884419 d:LeaseholdInvestmentProperty 2020-12-31 00884419 d:CurrentFinancialInstruments 2021-12-31 00884419 d:CurrentFinancialInstruments 2020-12-31 00884419 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 00884419 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 00884419 d:InvestmentPropertiesRevaluationReserve 2021-12-31 00884419 d:InvestmentPropertiesRevaluationReserve 2020-12-31 00884419 d:RetainedEarningsAccumulatedLosses 2021-12-31 00884419 d:RetainedEarningsAccumulatedLosses 2020-12-31 00884419 c:FRS102 2021-01-01 2021-12-31 00884419 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 00884419 c:FullAccounts 2021-01-01 2021-12-31 00884419 c:CompanyLimitedByGuarantee 2021-01-01 2021-12-31 00884419 d:Subsidiary1 2021-01-01 2021-12-31 00884419 d:Subsidiary1 1 2021-01-01 2021-12-31 00884419 d:Subsidiary2 2021-01-01 2021-12-31 00884419 d:Subsidiary2 1 2021-01-01 2021-12-31 00884419 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 00884419










THE CONCRETE SOCIETY LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
THE CONCRETE SOCIETY LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00884419

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,625
3,807

Investments
 5 
1,002
1,002

Investment property
 6 
500,000
500,000

  
502,627
504,809

Current assets
  

Stocks
  
5,000
5,000

Debtors: amounts falling due within one year
 7 
149,503
227,909

Cash at bank and in hand
 8 
559,383
493,643

  
713,886
726,552

Creditors: amounts falling due within one year
 9 
(709,357)
(729,114)

Net current assets/(liabilities)
  
 
 
4,529
 
 
(2,562)

Total assets less current liabilities
  
507,156
502,247

  

Net assets
  
507,156
502,247


Capital and reserves
  

Investment property reserve
  
302,350
302,350

Profit and loss account
  
204,806
199,897

  
507,156
502,247


Page 1

 
THE CONCRETE SOCIETY LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00884419
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 the 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 income statement 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 by: 






J N Dawson
S E Thorpe
Director
Director


Date: 13 July 2022

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The company is a private company limited by guarantee and incorporated in England and Wales. Its registered office is Riverside House, 4 Meadows Business Park, Station Approach, Blackwater, Camberley, Surrey, GU17 9AB.

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

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.

Page 3

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss 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 January 2020 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

  
2.6

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance
Computer equipment
-
3 years straight line

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 profit or loss.

Page 4

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income statement.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2020 - 16).

Page 5

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2021
47,597
44,980
140,373
232,950



At 31 December 2021

47,597
44,980
140,373
232,950



Depreciation


At 1 January 2021
45,632
44,980
138,531
229,143


Charge for the year on owned assets
492
-
1,690
2,182



At 31 December 2021

46,124
44,980
140,221
231,325



Net book value



At 31 December 2021
1,473
-
152
1,625



At 31 December 2020
1,965
-
1,842
3,807


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
1,002



At 31 December 2021
1,002




Page 6

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Concrete Information Limited
Ordinary
100%
Concrete Advisory Service Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2021 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Concrete Information Limited
1,000
-

Concrete Advisory Service Limited
2
-


6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2021
500,000



At 31 December 2021
500,000

The 2021 valuations were made by the directors, on an open market value for existing use basis.




Page 7

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Debtors

2021
2020
£
£


Trade debtors
89,773
140,699

Prepayments and accrued income
59,730
87,210

149,503
227,909



8.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
559,383
493,643

Less: bank overdrafts
(25)
(180)

559,358
493,463



9.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
25
180

Trade creditors
64,841
61,394

Other taxation and social security
56,096
72,621

Other creditors
10,143
5,843

Accruals and deferred income
578,252
589,076

709,357
729,114




10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

Page 8

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

11.


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 £35,577 (2020 - £38,974). Contributions totalling £6,615 (2020 - £6,576) were payable to the fund at the reporting date.


12.


Related party transactions

The company owns 100% of the share capital of Concrete Information Limited and Concrete Advisory Service Limited, two dormant companies incorporated in England and Wales.

 
Page 9