Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseNo description of principal activity2022-04-0155falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07917143 2022-04-01 2023-03-31 07917143 2021-04-01 2022-03-31 07917143 2023-03-31 07917143 2022-03-31 07917143 c:Director1 2022-04-01 2023-03-31 07917143 d:OfficeEquipment 2022-04-01 2023-03-31 07917143 d:OfficeEquipment 2023-03-31 07917143 d:OfficeEquipment 2022-03-31 07917143 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07917143 d:CurrentFinancialInstruments 2023-03-31 07917143 d:CurrentFinancialInstruments 2022-03-31 07917143 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07917143 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07917143 d:ShareCapital 2023-03-31 07917143 d:ShareCapital 2022-03-31 07917143 d:CapitalRedemptionReserve 2023-03-31 07917143 d:CapitalRedemptionReserve 2022-03-31 07917143 d:RetainedEarningsAccumulatedLosses 2023-03-31 07917143 d:RetainedEarningsAccumulatedLosses 2022-03-31 07917143 c:FRS102 2022-04-01 2023-03-31 07917143 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07917143 c:FullAccounts 2022-04-01 2023-03-31 07917143 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07917143 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07917143










DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
REGISTERED NUMBER: 07917143

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,924
701

  
1,924
701

Current assets
  

Debtors: amounts falling due within one year
 5 
330,351
339,748

  
330,351
339,748

Creditors: amounts falling due within one year
 6 
(100,514)
(207,376)

Net current assets
  
 
 
229,837
 
 
132,372

Total assets less current liabilities
  
231,761
133,073

  

Net assets
  
231,761
133,073


Capital and reserves
  

Called up share capital 
  
200
200

Capital redemption reserve
  
20
20

Profit and loss account
  
231,541
132,853

  
231,761
133,073


Page 1

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
REGISTERED NUMBER: 07917143
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 year 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 5 October 2023.






DSW Capital PLC
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company was incorporated in England as a company limited by share capital and has it's principal place of business at 4100 Park Approach, Thorpe Park, Leeds LS15 8GB.

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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:

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 year was 5 (2022 - 5).

Page 4

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
6,103


Additions
2,150



At 31 March 2023

8,253



Depreciation


At 1 April 2022
5,402


Charge for the year on owned assets
927



At 31 March 2023

6,329



Net book value



At 31 March 2023
1,924



At 31 March 2022
701


5.


Debtors

2023
2022
£
£


Trade debtors
86,492
13,307

Amounts owed by joint ventures and associated undertakings
232,265
315,377

Called up share capital not paid
220
220

Prepayments and accrued income
11,374
10,844

330,351
339,748


Page 5

 
DOW SCHOFIELD WATTS CORPORATE FINANCE (LEEDS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,831
53

Amounts owed to group undertakings
14,423
75,562

Corporation tax
33,400
101,500

Other taxation and social security
6,540
2,261

Other creditors
44,320
28,000

100,514
207,376



7.


Controlling party

DSW Capital PLC, a company registered in England and Wales, holds 51% of the shares in the Company. The Company is jointly controlled by DSW Capital PLC and the directors of Dow Schofield Watts Corporate Finance (Leeds) Limited.

 
Page 6