Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-07-01falseNo description of principal activity2falsetrue 03520791 2021-07-01 2022-06-30 03520791 2020-07-01 2021-06-30 03520791 2022-06-30 03520791 2021-06-30 03520791 c:Director1 2021-07-01 2022-06-30 03520791 d:FurnitureFittings 2021-07-01 2022-06-30 03520791 d:FurnitureFittings 2022-06-30 03520791 d:FurnitureFittings 2021-06-30 03520791 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 03520791 d:OfficeEquipment 2021-07-01 2022-06-30 03520791 d:OfficeEquipment 2022-06-30 03520791 d:OfficeEquipment 2021-06-30 03520791 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 03520791 d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 03520791 d:Goodwill 2022-06-30 03520791 d:Goodwill 2021-06-30 03520791 d:CurrentFinancialInstruments 2022-06-30 03520791 d:CurrentFinancialInstruments 2021-06-30 03520791 d:Non-currentFinancialInstruments 2022-06-30 03520791 d:Non-currentFinancialInstruments 2021-06-30 03520791 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 03520791 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 03520791 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 03520791 d:Non-currentFinancialInstruments d:AfterOneYear 2021-06-30 03520791 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 03520791 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-06-30 03520791 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 03520791 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-06-30 03520791 d:ShareCapital 2022-06-30 03520791 d:ShareCapital 2021-06-30 03520791 d:RetainedEarningsAccumulatedLosses 2022-06-30 03520791 d:RetainedEarningsAccumulatedLosses 2021-06-30 03520791 c:FRS102 2021-07-01 2022-06-30 03520791 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 03520791 c:FullAccounts 2021-07-01 2022-06-30 03520791 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 03520791 2 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 03520791










STATUS OFFICE SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

 
STATUS OFFICE SERVICES LIMITED
REGISTERED NUMBER: 03520791

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,489
2,929

  
2,489
2,929

Current assets
  

Stocks
  
3,250
3,750

Debtors: amounts falling due within one year
 6 
10,400
1,897

Cash at bank and in hand
  
429
783

  
14,079
6,430

Creditors: amounts falling due within one year
 7 
(20,194)
(17,502)

Net current liabilities
  
 
 
(6,115)
 
 
(11,072)

Total assets less current liabilities
  
(3,626)
(8,143)

Creditors: amounts falling due after more than one year
 8 
(1,218)
(1,666)

  

Net liabilities
  
(4,844)
(9,809)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,944)
(9,909)

  
(4,844)
(9,809)


Page 1

 
STATUS OFFICE SERVICES LIMITED
REGISTERED NUMBER: 03520791
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2022

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 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: 




................................................
C Starling
Director

Date: 10 October 2023

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

Page 2

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1.


General information

Status Office Services Limited is a private company limited by shares and incorporated in England and Wales, registration number 03520791.  The registered office is 1 Claydon Business Park, Great Blakenham, Ipswich IP6 0NL.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director has considered the Company's position at the time of signing the financial statements, and based on this, the Director has concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existance for the forseeable future and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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 Income statement 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 year in which they are incurred.

 
2.8

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.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
20% reducing balance
Office equipment
-
15% reducing balance

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

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 includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

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
Page 5

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2021
35,801



At 30 June 2022

35,801



Amortisation


At 1 July 2021
35,801



At 30 June 2022

35,801



Net book value



At 30 June 2022
-



At 30 June 2021
-



Page 6

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

5.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2021
3,716
76,875
80,591



At 30 June 2022

3,716
76,875
80,591



Depreciation


At 1 July 2021
3,689
73,973
77,662


Charge for the year on owned assets
5
435
440



At 30 June 2022

3,694
74,408
78,102



Net book value



At 30 June 2022
22
2,467
2,489



At 30 June 2021
27
2,902
2,929


6.


Debtors

2022
2021
£
£


Trade debtors
2,143
446

Other debtors
8,257
1,451

10,400
1,897


Page 7

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
448
400

Trade creditors
4,407
2,738

Corporation tax
8,885
5,777

Other taxation and social security
166
-

Other creditors
3,563
7,362

Accruals and deferred income
2,725
1,225

20,194
17,502



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
1,218
1,666

1,218
1,666


Page 8

 
STATUS OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
448
400


448
400

Amounts falling due 1-2 years

Bank loans
447
410


447
410

Amounts falling due 2-5 years

Bank loans
771
1,256


771
1,256


1,666
2,066


 
Page 9