Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3182021-04-01falseNo description of principal activityfalse8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02176366 2021-04-01 2022-03-31 02176366 2020-04-01 2021-03-31 02176366 2022-03-31 02176366 2021-03-31 02176366 c:Director1 2021-04-01 2022-03-31 02176366 c:Director3 2021-04-01 2022-03-31 02176366 d:Buildings d:ShortLeaseholdAssets 2021-04-01 2022-03-31 02176366 d:Buildings d:ShortLeaseholdAssets 2022-03-31 02176366 d:Buildings d:ShortLeaseholdAssets 2021-03-31 02176366 d:MotorVehicles 2021-04-01 2022-03-31 02176366 d:MotorVehicles 2022-03-31 02176366 d:MotorVehicles 2021-03-31 02176366 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 02176366 d:FurnitureFittings 2021-04-01 2022-03-31 02176366 d:FurnitureFittings 2022-03-31 02176366 d:FurnitureFittings 2021-03-31 02176366 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 02176366 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 02176366 d:CurrentFinancialInstruments 2022-03-31 02176366 d:CurrentFinancialInstruments 2021-03-31 02176366 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02176366 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 02176366 d:ShareCapital 2022-03-31 02176366 d:ShareCapital 2021-03-31 02176366 d:SharePremium 2022-03-31 02176366 d:SharePremium 2021-03-31 02176366 d:CapitalRedemptionReserve 2022-03-31 02176366 d:CapitalRedemptionReserve 2021-03-31 02176366 d:RetainedEarningsAccumulatedLosses 2022-03-31 02176366 d:RetainedEarningsAccumulatedLosses 2021-03-31 02176366 c:FRS102 2021-04-01 2022-03-31 02176366 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 02176366 c:FullAccounts 2021-04-01 2022-03-31 02176366 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 02176366 d:WithinOneYear 2022-03-31 02176366 d:WithinOneYear 2021-03-31 02176366 d:BetweenOneFiveYears 2022-03-31 02176366 d:BetweenOneFiveYears 2021-03-31 iso4217:GBP xbrli:pure

02176366







STEPHENS MAGUIRE & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2022

































STEPHENS MAGUIRE & COMPANY LIMITED
REGISTERED NUMBER:02176366

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible fixed assets
  
8,723
10,500

Current assets
  

Debtors: amounts falling due within one year
 5 
29,243
72,099

Bank and cash balances
  
470,430
475,893

  
499,673
547,992

Creditors: amounts falling due within one year
 6 
(412,831)
(476,724)

Net current assets
  
 
 
86,842
 
 
71,268

Total assets less current liabilities
  
95,565
81,768

  

Net assets
  
95,565
81,768


Capital and reserves
  

Called up share capital 
  
3,000
3,000

Share premium account
  
24,000
24,000

Capital redemption reserve
  
10,000
10,000

Profit and loss account
  
58,565
44,768

  
95,565
81,768



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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

STEPHENS MAGUIRE & COMPANY LIMITED
REGISTERED NUMBER:02176366
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J. Roberts
W.L. Stewart
Director
Director


Date: 25 August 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

STEPHENS MAGUIRE & COMPANY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Stephens, Maguire & Company is a company limited by shares domiciled and incorporated in England and Wales.
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent,
TN4 8BS.
The address of its principal place of business is Sackville House, 55 Buckhurst Avenue, Sevenoaks, Kent, TN13 1LZ.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

 
2.2

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 methods as below.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & Fittings
-
33% 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 the Statement of income and retained earnings.

 
2.3

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.

Page 3

STEPHENS MAGUIRE & COMPANY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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. 

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

 Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

STEPHENS MAGUIRE & COMPANY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.11

 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2021 - 8).


4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2021
1,966
9,833
87,530
99,329


Additions
-
-
1,911
1,911


Disposals
-
-
(34,242)
(34,242)



At 31 March 2022

1,966
9,833
55,199
66,998



Depreciation


At 1 April 2021
1,966
2,613
84,250
88,829


Charge for the year on owned assets
-
1,805
1,807
3,612


Disposals
-
-
(34,166)
(34,166)



At 31 March 2022

1,966
4,418
51,891
58,275



Net book value



At 31 March 2022
-
5,415
3,308
8,723



At 31 March 2021
-
7,220
3,280
10,500

Page 5

STEPHENS MAGUIRE & COMPANY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
4,250
10,800

Prepayments and accrued income
24,993
61,299

29,243
72,099



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
10,560
20,967

Amounts owed to group undertakings
236,138
330,085

Corporation tax
35,845
12,873

Other taxation and social security
33,736
16,092

Other creditors
51,623
51,545

Accruals and deferred income
44,929
45,162

412,831
476,724



7.


Commitments under operating leases

At 31 March 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
26,877
53,939

Later than 1 year and not later than 5 years
2,523
29,401

29,400
83,340


8.


Related party transactions

At the year-end, an amount of £236,138 (2021: £330,085) is included in creditors and owed to the company's parent, Stephens Maguire Holdings Limited. No interest is charged on this balance. 

Page 6