Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01false99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03986601 2022-01-01 2022-12-31 03986601 2021-01-01 2021-12-31 03986601 2022-12-31 03986601 2021-12-31 03986601 c:CompanySecretary1 2022-01-01 2022-12-31 03986601 c:Director1 2022-01-01 2022-12-31 03986601 c:RegisteredOffice 2022-01-01 2022-12-31 03986601 d:FurnitureFittings 2022-01-01 2022-12-31 03986601 d:FurnitureFittings 2022-12-31 03986601 d:FurnitureFittings 2021-12-31 03986601 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03986601 d:OfficeEquipment 2022-01-01 2022-12-31 03986601 d:OfficeEquipment 2022-12-31 03986601 d:OfficeEquipment 2021-12-31 03986601 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03986601 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03986601 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03986601 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 03986601 d:CurrentFinancialInstruments 2022-12-31 03986601 d:CurrentFinancialInstruments 2021-12-31 03986601 d:Non-currentFinancialInstruments 2022-12-31 03986601 d:Non-currentFinancialInstruments 2021-12-31 03986601 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03986601 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03986601 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03986601 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 03986601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 03986601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 03986601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 03986601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 03986601 d:ShareCapital 2022-12-31 03986601 d:ShareCapital 2021-12-31 03986601 d:RetainedEarningsAccumulatedLosses 2022-12-31 03986601 d:RetainedEarningsAccumulatedLosses 2021-12-31 03986601 c:FRS102 2022-01-01 2022-12-31 03986601 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03986601 c:FullAccounts 2022-01-01 2022-12-31 03986601 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03986601 d:WithinOneYear 2022-12-31 03986601 d:WithinOneYear 2021-12-31 03986601 d:BetweenOneFiveYears 2022-12-31 03986601 d:BetweenOneFiveYears 2021-12-31 03986601 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 03986601 6 2022-01-01 2022-12-31 03986601 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 03986601













CONSIDER SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
CONSIDER SOLUTIONS LIMITED
 

COMPANY INFORMATION


DIRECTOR
D. French 




COMPANY SECRETARY
MCS Formations Limited



REGISTERED NUMBER
03986601



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
CONSIDER SOLUTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
CONSIDER SOLUTIONS LIMITED
REGISTERED NUMBER: 03986601

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
438,407
394,697

Tangible assets
 5 
5,703
3,025

Investments
 6 
12,414
12,414

  
456,524
410,136

CURRENT ASSETS
  

Debtors
 7 
462,996
366,014

Cash at bank and in hand
  
317,217
514,478

  
780,213
880,492

Creditors: amounts falling due within one year
 8 
(853,682)
(766,352)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(73,469)
 
 
114,140

Creditors: amounts falling due after more than one year
 9 
(25,833)
(149,604)

NET ASSETS
  
357,222
374,672


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
417,341
417,341

Profit and loss account
  
(60,119)
(42,669)

EQUITY SHAREHOLDER'S FUNDS
  
357,222
374,672


Page 1

 
CONSIDER SOLUTIONS LIMITED
REGISTERED NUMBER: 03986601

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 Director's Report and the Statement of Income and Retained Earnings in accordance with the provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
25 September 2023.




D. French
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


GENERAL INFORMATION

Consider Solutions Limited (company number: 03986601), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN and its trading address at Audrey House, 16/20 Ely Place, London, EC1N 6SN, is a private limited company incorporated in England and Wales.

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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

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.

Page 3

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (continued)

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
per annum
Office equipment
-
33%
per annum

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.

 
2.6

INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

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.

 
2.9

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price.

Page 4

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (continued)

 
2.11

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (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.

 
2.12

OPERATING LEASES

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.

 
2.13

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 Earning 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.

 
2.14

BORROWING COSTS

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Page 5

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (continued)

 
2.15

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


3.


EMPLOYEES

The average monthly number of employees, including the director, during the year was 9 (2021 - 9).

Page 6

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


INTANGIBLE ASSETS




Development expenditure

£



Cost


At 1 January 2022
394,697


Additions
92,422



At 31 December 2022

487,119



Amortisation


Charge for the year
48,712



At 31 December 2022

48,712



Net book value



At 31 December 2022
438,407



At 31 December 2021
394,697



Page 7

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



COST


At 1 January 2022
4,857
15,849
20,706


Additions
5,636
-
5,636



At 31 December 2022

10,493
15,849
26,342



DEPRECIATION


At 1 January 2022
4,857
12,824
17,681


Charge for the year
989
1,969
2,958



At 31 December 2022

5,846
14,793
20,639



NET BOOK VALUE



At 31 December 2022
4,647
1,056
5,703



At 31 December 2021
-
3,025
3,025


6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST AND NET BOOK VALUE


At 1 January 2022 and 31 December 2022
12,414

Page 8

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


DEBTORS

2022
2021
£
£

Due within one year

Trade debtors
359,457
263,989

Amounts owed by group undertakings
7,960
7,217

Other debtors
23,059
20,764

Prepayments and accrued income
72,520
74,044

462,996
366,014



8.


CREDITORS: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,000
10,000

Trade creditors
14,927
14,355

Amounts owed to group undertakings
44,946
30,244

Corporation tax
1,135
12,750

Other taxation and social security
23,007
21,455

Other creditors
120,509
131,896

Accruals and deferred income
639,158
545,652

853,682
766,352



9.


CREDITORS: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
25,833
35,833

Other creditors
-
113,771

25,833
149,604


Page 9

 
CONSIDER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


LOANS


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
15,833
25,833


35,833
45,833


Annual interest is charged at a fixed rate of 8.60% per annum over the length of the loan.


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. 
The pension cost charge represents contributions payable by the Company  to the fund and amounted to £59,778 
(2021: £44,521). Contributions totalling £6,738 (2021: £5,537) were payable to the fund at the Balance Sheet date and are included in creditors.


12.


OPERATING LEASE COMMITMENTS

At 31 December 2022 the Company had future minimum lease payments under non-cancellable operating leases as follows:

2022
2021
£
£


Not later than 1 year
44,441
69,025

Later than 1 year and not later than 5 years
-
44,441

44,441
113,466


13.


RELATED PARTY TRANSACTIONS

Included within amounts owed to group undertakings are amounts due to companies over which the Company has control of £44,946 (2021: £30,244).
Included within amounts owed by group undertakings are amounts due from companies over which the Company has control of £7,960 
(2021: £7,217).


Page 10