Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseIT consultancy33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13237029 2022-04-01 2023-03-31 13237029 2021-03-01 2022-03-31 13237029 2023-03-31 13237029 2022-03-31 13237029 c:Director2 2022-04-01 2023-03-31 13237029 d:ComputerEquipment 2022-04-01 2023-03-31 13237029 d:ComputerEquipment 2023-03-31 13237029 d:ComputerEquipment 2022-03-31 13237029 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13237029 d:CurrentFinancialInstruments 2023-03-31 13237029 d:CurrentFinancialInstruments 2022-03-31 13237029 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13237029 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13237029 d:ShareCapital 2023-03-31 13237029 d:ShareCapital 2022-03-31 13237029 d:RetainedEarningsAccumulatedLosses 2023-03-31 13237029 d:RetainedEarningsAccumulatedLosses 2022-03-31 13237029 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13237029 d:RetirementBenefitObligationsDeferredTax 2023-03-31 13237029 c:FRS102 2022-04-01 2023-03-31 13237029 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13237029 c:FullAccounts 2022-04-01 2023-03-31 13237029 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13237029









THE SECOPS GROUP UK LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023


 
THE SECOPS GROUP UK LTD
REGISTERED NUMBER: 13237029

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,815
6,004

  
9,815
6,004

Current assets
  

Debtors: amounts falling due within one year
 5 
218,537
123,546

Cash at bank and in hand
  
471,350
185,313

  
689,887
308,859

Creditors: amounts falling due within one year
 6 
(137,995)
(96,642)

Net current assets
  
 
 
551,892
 
 
212,217

Total assets less current liabilities
  
561,707
218,221

Provisions for liabilities
  

Deferred tax
 7 
(2,390)
(1,472)

  
 
 
(2,390)
 
 
(1,472)

Net assets
  
559,317
216,749


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
559,217
216,649

  
559,317
216,749


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 period 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

 
THE SECOPS GROUP UK LTD
REGISTERED NUMBER: 13237029
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


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




................................................
S Siddharth
Director
Date: 29 September 2023

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

Page 2

 
THE SECOPS GROUP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The principal activity of the company is that of IT consultancy.
The company is a private company limited by shares and is incorporated in England and Wales.
The registered office of the company is Stonecross, Trumpington High Street, Cambridge, CB2 9SU.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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.

Page 3

 
THE SECOPS GROUP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

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 4

 
THE SECOPS GROUP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Computer equipment
-
33%

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.

 
2.7

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest..

 
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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 3).

Page 5

 
THE SECOPS GROUP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
7,392


Additions
7,173



At 31 March 2023

14,565



Depreciation


At 1 April 2022
1,388


Charge for the period on owned assets
3,362



At 31 March 2023

4,750



Net book value



At 31 March 2023
9,815


5.


Debtors

2023
2022
£
£


Trade debtors
93,140
89,960

Other debtors
100,740
5,439

Prepayments and accrued income
24,657
28,147

218,537
123,546


Page 6

 
THE SECOPS GROUP UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
(4,382)
715

Corporation tax
42,571
33,413

Other taxation and social security
15,374
59,757

Other creditors
81,082
257

Accruals and deferred income
3,350
2,500

137,995
96,642



7.


Deferred taxation



2023


£






At beginning of year
(1,473)


Charged to profit or loss
(917)



At end of year
(2,390)

The provision for deferred taxation is made up as follows:

2023
£


Accelerated capital allowances
(2,454)

Timing differences
64

(2,390)


8.


Controlling party

The immediate parent company is The Secops Holding Limted.  The ultimate controlling party is Siddharth Holdings Ltd.

 
Page 7