Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-012falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08598278 2022-08-01 2023-07-31 08598278 2021-08-01 2022-07-31 08598278 2023-07-31 08598278 2022-07-31 08598278 c:Director1 2022-08-01 2023-07-31 08598278 d:FurnitureFittings 2022-08-01 2023-07-31 08598278 d:FurnitureFittings 2023-07-31 08598278 d:FurnitureFittings 2022-07-31 08598278 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08598278 d:OfficeEquipment 2022-08-01 2023-07-31 08598278 d:OfficeEquipment 2023-07-31 08598278 d:OfficeEquipment 2022-07-31 08598278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08598278 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08598278 d:CurrentFinancialInstruments 2023-07-31 08598278 d:CurrentFinancialInstruments 2022-07-31 08598278 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08598278 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08598278 d:ShareCapital 2023-07-31 08598278 d:ShareCapital 2022-07-31 08598278 d:RetainedEarningsAccumulatedLosses 2023-07-31 08598278 d:RetainedEarningsAccumulatedLosses 2022-07-31 08598278 c:FRS102 2022-08-01 2023-07-31 08598278 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08598278 c:FullAccounts 2022-08-01 2023-07-31 08598278 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 08598278










LAWRENCE DAVIES CONSULTANCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
LAWRENCE DAVIES CONSULTANCY LIMITED
REGISTERED NUMBER: 08598278

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,392
-

  
1,392
-

Current assets
  

Stocks
  
-
6,863

Debtors
  
6,528
1,020

Cash at bank and in hand
  
58,388
65,788

  
64,916
73,671

Creditors: amounts falling due within one year
 5 
(21,968)
(48,748)

Net current assets
  
 
 
42,948
 
 
24,923

Total assets less current liabilities
  
44,340
24,923

  

Net assets
  
44,340
24,923


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
44,338
24,921

  
44,340
24,923

Page 1

 
LAWRENCE DAVIES CONSULTANCY LIMITED
REGISTERED NUMBER: 08598278
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges his 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 5 October 2023.




L Davies
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
LAWRENCE DAVIES CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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:

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.

 
1.3

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.

 
1.4

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
LAWRENCE DAVIES CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.5

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, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Office equipment
-
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 profit or loss.

 
1.6

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.

 
1.7

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.

 
1.8

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.

Page 4

 
LAWRENCE DAVIES CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.9

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.

Financial instruments are recognised in the Company's Statement of financial position 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.

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.

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.

 
1.10

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.

Page 5

 
LAWRENCE DAVIES CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.


General information

Lawrence Davies Consultancy Limited is a private company, limited by shares and registered in England.
Its registered number is: 08598278
The address of its Registered office is:
Invision House 
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
-
379
379


Additions
155
1,902
2,057



At 31 July 2023

155
2,281
2,436



Depreciation


At 1 August 2022
-
379
379


Charge for the year on owned assets
31
634
665



At 31 July 2023

31
1,013
1,044



Net book value



At 31 July 2023
124
1,268
1,392



At 31 July 2022
-
-
-

Page 6

 
LAWRENCE DAVIES CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,397
10,637

Other taxation and social security
4,402
-

Other creditors
2,919
36,851

Accruals and deferred income
1,250
1,260

21,968
48,748


 
Page 7