Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-30 2022-09-30 2021-04-01 false No description of principal activity 8 13 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11316220 2021-04-01 2022-09-30 11316220 2020-04-01 2021-03-31 11316220 2022-09-30 11316220 2021-03-31 11316220 c:Director1 2021-04-01 2022-09-30 11316220 d:PlantMachinery 2021-04-01 2022-09-30 11316220 d:PlantMachinery 2022-09-30 11316220 d:PlantMachinery 2021-03-31 11316220 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-09-30 11316220 d:CurrentFinancialInstruments 2022-09-30 11316220 d:CurrentFinancialInstruments 2021-03-31 11316220 d:Non-currentFinancialInstruments 2022-09-30 11316220 d:Non-currentFinancialInstruments 2021-03-31 11316220 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11316220 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 11316220 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11316220 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 11316220 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 11316220 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 11316220 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 11316220 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 11316220 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 11316220 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 11316220 d:ShareCapital 2022-09-30 11316220 d:ShareCapital 2021-03-31 11316220 d:RetainedEarningsAccumulatedLosses 2022-09-30 11316220 d:RetainedEarningsAccumulatedLosses 2021-03-31 11316220 c:OrdinaryShareClass1 2021-04-01 2022-09-30 11316220 c:OrdinaryShareClass1 2022-09-30 11316220 c:OrdinaryShareClass1 2021-03-31 11316220 c:FRS102 2021-04-01 2022-09-30 11316220 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-09-30 11316220 c:FullAccounts 2021-04-01 2022-09-30 11316220 c:PrivateLimitedCompanyLtd 2021-04-01 2022-09-30 11316220 2 2021-04-01 2022-09-30 11316220 6 2021-04-01 2022-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11316220 M & E CONSULTANCY (UK) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 SEPTEMBER 2022
M & E CONSULTANCY (UK) LIMITED REGISTERED NUMBER: 11316220 BALANCE SHEET AS AT 30 SEPTEMBER 2022
|  | 30 September |  | 31 March
|  | 2022 |  | 2021
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 24,107 |  | -
Investments | 5 |  | 60 |  | 60
|  |  | 24,167 |  | 60
Current assets |  |  |  |  |
Stocks |  | 1,337,636 |  | 1,106,196 |
Debtors: amounts falling due within one year | 6 | 565,268 |  | 1,112,237 |
Cash at bank and in hand |  | 1,109 |  | 14,855 |
|  | 1,904,013 |  | 2,233,288 |
Creditors: amounts falling due within one year | 7 | (1,620,139) |  | (2,185,871) |
Net current assets |  |  | 283,874 |  | 47,417
Total assets less current liabilities |  |  | 308,041 |  | 47,477
Creditors: amounts falling due after more than one year | 8 |  | (238,330) |  | (20,833)
Net assets |  |  | 69,711 |  | 26,644
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Profit and loss account |  |  | 69,611 |  | 26,544
|  |  | 69,711 |  | 26,644
Page 1
M & E CONSULTANCY (UK) LIMITED REGISTERED NUMBER: 11316220 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2022 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. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2023.
Hardeep Singh
Director
The notes on pages 3 to 12 form part of these financial statements. Page 2
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
1. | General information
The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 11316220. The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP. The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1. 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. Cash flow Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company. The following principal accounting policies have been applied:
| 2.2 | Going concern
The accounts have been prepared on a going concern basis.
| 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
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022 2.Accounting policies (continued)
| 2.4 | 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 Statement of income and retained earnings in the same period as the related expenditure.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.8 | 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.9 | Taxation
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 balance sheet date in the countries where the Company operates and generates income.
| 2.10 | 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
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022 2.Accounting policies (continued)
| 2.10 | 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: 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.
| 2.11 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.12 | 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 weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | 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.
| 2.16 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Page 5
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 6
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the period was 8 (2021 - 13).
Page 7
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
4. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| Additions | 25,000
| At 30 September 2022 | 25,000
| Depreciation |
| Charge for the period on owned assets | 893
| At 30 September 2022 | 893
| Net book value |
| At 30 September 2022 | 24,107
| At 31 March 2021 | -
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2021 | 60
| At 30 September 2022 | 60
Page 8
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
6. | Debtors
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Trade debtors | 10,000 | -
| Other debtors | 555,268 | 1,112,237
|  | 565,268 | 1,112,237
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Bank loans | - | 4,167
| Trade creditors | 310,212 | 335,646
| Corporation tax | 8,374 | 5,802
| Other taxation and social security | 111,010 | 54,145
| Other creditors | 1,186,543 | 1,782,111
| Accruals and deferred income | 4,000 | 4,000
|  | 1,620,139 | 2,185,871
Page 9
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Bank loans | 213,894 | 20,833
| Net obligations under finance leases and hire purchase contracts | 24,436 | -
|  | 238,330 | 20,833
| The following liabilities were secured:
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Bank loans | 213,894 | 20,833
|  | 213,894 | 20,833
| Details of security provided:
Bank loans are secured against the assets of the company. Page 10
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | - | 4,167
|  | - | 4,167
| Amounts falling due 1-2 years |  |
| Bank loans | 213,894 | 5,000
|  | 213,894 | 5,000
| Amounts falling due 2-5 years |  |
| Bank loans | - | 15,000
|  | - | 15,000
| Amounts falling due after more than 5 years |  |
| Bank loans | - | 833
|  | - | 833
|  | 213,894 | 25,000
Page 11
M & E CONSULTANCY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
10. | Share capital
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2021 - 100) Ordinary shares shares of £1.00 each | 100 | 100
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. Contributions totalling £2,480 (2021: £2,480) were payable to the fund at the balance sheet date.
12. | Transactions with directors
As at the balance sheet date £314,630 (2021: £19,646 was due from the directors) was due to the directors. The loans are interest free and repayable on demand.
Page 12