Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true52022-01-01false96090 - Other service activities not elsewhere classified5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11840405 2022-01-01 2022-12-31 11840405 2021-01-01 2021-12-31 11840405 2022-12-31 11840405 2021-12-31 11840405 c:Director1 2022-01-01 2022-12-31 11840405 c:Director2 2022-01-01 2022-12-31 11840405 c:RegisteredOffice 2022-01-01 2022-12-31 11840405 d:Buildings d:ShortLeaseholdAssets 2022-01-01 2022-12-31 11840405 d:Buildings d:ShortLeaseholdAssets 2022-12-31 11840405 d:Buildings d:ShortLeaseholdAssets 2021-12-31 11840405 d:FurnitureFittings 2022-01-01 2022-12-31 11840405 d:FurnitureFittings 2022-12-31 11840405 d:FurnitureFittings 2021-12-31 11840405 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11840405 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11840405 d:CurrentFinancialInstruments 2022-12-31 11840405 d:CurrentFinancialInstruments 2021-12-31 11840405 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11840405 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11840405 d:ShareCapital 2022-12-31 11840405 d:ShareCapital 2021-12-31 11840405 d:RetainedEarningsAccumulatedLosses 2022-12-31 11840405 d:RetainedEarningsAccumulatedLosses 2021-12-31 11840405 c:FRS102 2022-01-01 2022-12-31 11840405 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11840405 c:FullAccounts 2022-01-01 2022-12-31 11840405 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11840405 d:WithinOneYear 2022-12-31 11840405 d:WithinOneYear 2021-12-31 11840405 d:BetweenOneFiveYears 2022-12-31 11840405 d:BetweenOneFiveYears 2021-12-31 iso4217:GBP xbrli:pure
Company registration number: 11840405







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


DILMON SERVICES (UK) LIMITED






































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DILMON SERVICES (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
Z Clot 
M M Raafat 




Registered number
11840405



Registered office
27 Knightsbridge

London

SW1X 7LY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


DILMON SERVICES (UK) LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7

 


DILMON SERVICES (UK) LIMITED
REGISTERED NUMBER:11840405



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,544
85,420

  
58,544
85,420

Current assets
  

Debtors: amounts falling due within one year
 5 
1,325,296
1,115,124

Cash at bank and in hand
  
445,482
121,063

  
1,770,778
1,236,187

Creditors: amounts falling due within one year
 6 
(1,508,911)
(1,120,869)

Net current assets
  
 
 
261,867
 
 
115,318

Total assets less current liabilities
  
320,411
200,738

Provisions for liabilities
  

Deferred tax
  
(10,221)
(15,830)

  
 
 
(10,221)
 
 
(15,830)

Net assets
  
310,190
184,908

Page 1

 


DILMON SERVICES (UK) LIMITED
REGISTERED NUMBER:11840405


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

2022
2021
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
310,090
184,808

  
310,190
184,908


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 profit and loss account 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: 




Z Clot
M M Raafat
Director
Director
Date: 15 October 2023
Date:15 October 2023

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

Page 2

 


DILMON SERVICES (UK) LIMITED
 


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

1.


General information

Dilmon Services (UK) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is measured at an agreed markup of certain expenditure that the company incurs in performing its services to the group and represents amounts receivable for services rendered.  

 
2.4

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.

Page 3

 


DILMON SERVICES (UK) LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 4

 


DILMON SERVICES (UK) LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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:

Short-term leasehold property
-
over the term of the lease
Fixtures and fittings
-
20% 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.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).

Page 5

 


DILMON SERVICES (UK) LIMITED
 


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

4.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2022
177,650
10,854
188,504



At 31 December 2022

177,650
10,854
188,504



Depreciation


At 1 January 2022
97,359
5,725
103,084


Charge for the year on owned assets
24,705
2,171
26,876



At 31 December 2022

122,064
7,896
129,960



Net book value



At 31 December 2022
55,586
2,958
58,544



At 31 December 2021
80,291
5,129
85,420


5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
1,245,503
1,066,704

Prepayments and accrued income
79,793
48,420

1,325,296
1,115,124



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,413,099
966,157

Corporation tax
36,108
31,997

Other taxation and social security
54,670
49,588

Other creditors
1,284
1,284

Accruals
3,750
71,843

1,508,911
1,120,869


Page 6

 


DILMON SERVICES (UK) LIMITED
 


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

7.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
158,252
158,252

Later than 1 year and not later than 5 years
46,597
204,849

204,849
363,101

 
Page 7