Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312false2022-09-012drafting servicestruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05534709 2022-09-01 2023-05-31 05534709 2021-09-01 2022-08-31 05534709 2023-05-31 05534709 2022-08-31 05534709 c:Director1 2022-09-01 2023-05-31 05534709 d:OfficeEquipment 2022-09-01 2023-05-31 05534709 d:OfficeEquipment 2023-05-31 05534709 d:OfficeEquipment 2022-08-31 05534709 d:CurrentFinancialInstruments 2023-05-31 05534709 d:CurrentFinancialInstruments 2022-08-31 05534709 c:FRS102 2022-09-01 2023-05-31 05534709 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-05-31 05534709 c:FullAccounts 2022-09-01 2023-05-31 05534709 c:PrivateLimitedCompanyLtd 2022-09-01 2023-05-31 05534709 2 2022-09-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 05534709










FENESCAD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Period Ended 31 May 2023

 
FENESCAD LIMITED
Registered number: 05534709

BALANCE SHEET
As at 31 May 2023

31 May
31 August
2023
2022
Note
£
£

  

Fixed assets
  

Current assets
  

Debtors: amounts falling due within one year
  
-
354

Cash at bank and in hand
  
17,642
46,970

  
17,642
47,324

Creditors: amounts falling due within one year
  
(13,947)
(18,351)

Net current assets
  
 
 
3,695
 
 
28,973

Total assets less current liabilities
  
3,695
28,973

  

  

  

Net assets excluding pension asset
  
3,695
28,973

Net assets
  
3,695
28,973


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,595
28,873

  
3,695
28,973


Page 1

 
FENESCAD LIMITED
Registered number: 05534709

BALANCE SHEET (CONTINUED)
As at 31 May 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 period 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 13 October 2023.




................................................
J. Spark
Director

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

Page 2

 
FENESCAD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 May 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.

 
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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss 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.

 
1.4

Interest income

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

 
1.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
FENESCAD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 May 2023

1.Accounting policies (continued)

 
1.6

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 balance sheet date in the countries where the Company operates and generates income.

 
1.7

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:

Office equipment
-
25%
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.

 
1.8

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.

 
1.9

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.

 
1.10

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.

 
1.11

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 4

 
FENESCAD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 May 2023

2.


General information

Fenescad Limited is a private company limited by shares, registered in the United Kingdom number 05534709. Its registered office is Manor House, 35 St Thomas's Road, Chorley, Lancashire, PR7 1HP. During the year,  the principal activity of the company continued to be that of drafting services.


3.


Employees

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


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 September 2022
7,607



At 31 May 2023

7,607



Depreciation


At 1 September 2022
7,607



At 31 May 2023

7,607



Net book value



At 31 May 2023
-



At 31 August 2022
-


5.


Debtors

31 May
31 August
2023
2022
£
£


Other debtors
-
354

-
354


Page 5

 
FENESCAD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 May 2023

6.


Cash and cash equivalents

31 May
31 August
2023
2022
£
£

Cash at bank and in hand
17,642
46,970

17,642
46,970



7.


Creditors: Amounts falling due within one year

31 May
31 August
2023
2022
£
£

Corporation tax
-
4,118

Other taxation and social security
419
2,178

Other creditors
11,428
5,105

Accruals and deferred income
2,100
6,950

13,947
18,351



8.


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 £Nil (2022 - £3,364). 


9.


Transactions with directors

During the year the directors loan account amounted to £11,427, this was made up of an opening debit balance of £354 and credits totalling £11,781. This is represented within other creditors.


Page 6