Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true66No description of principal activity2022-04-01false70true 03958459 2022-04-01 2023-03-31 03958459 2021-04-01 2022-03-31 03958459 2023-03-31 03958459 2022-03-31 03958459 c:Director2 2022-04-01 2023-03-31 03958459 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 03958459 d:Buildings d:LongLeaseholdAssets 2023-03-31 03958459 d:Buildings d:LongLeaseholdAssets 2022-03-31 03958459 d:PlantMachinery 2022-04-01 2023-03-31 03958459 d:PlantMachinery 2023-03-31 03958459 d:PlantMachinery 2022-03-31 03958459 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03958459 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03958459 d:FurnitureFittings 2022-04-01 2023-03-31 03958459 d:FurnitureFittings 2023-03-31 03958459 d:FurnitureFittings 2022-03-31 03958459 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03958459 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03958459 d:OfficeEquipment 2022-04-01 2023-03-31 03958459 d:OfficeEquipment 2023-03-31 03958459 d:OfficeEquipment 2022-03-31 03958459 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03958459 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03958459 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03958459 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03958459 d:CurrentFinancialInstruments 2023-03-31 03958459 d:CurrentFinancialInstruments 2022-03-31 03958459 d:Non-currentFinancialInstruments 2023-03-31 03958459 d:Non-currentFinancialInstruments 2022-03-31 03958459 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03958459 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03958459 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03958459 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03958459 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03958459 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 03958459 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03958459 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 03958459 d:ShareCapital 2023-03-31 03958459 d:ShareCapital 2022-03-31 03958459 d:CapitalRedemptionReserve 2023-03-31 03958459 d:CapitalRedemptionReserve 2022-03-31 03958459 d:RetainedEarningsAccumulatedLosses 2023-03-31 03958459 d:RetainedEarningsAccumulatedLosses 2022-03-31 03958459 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03958459 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03958459 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-01 2023-03-31 03958459 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 03958459 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-31 03958459 c:OrdinaryShareClass4 2022-04-01 2023-03-31 03958459 c:OrdinaryShareClass4 2023-03-31 03958459 c:OrdinaryShareClass4 2022-03-31 03958459 c:FRS102 2022-04-01 2023-03-31 03958459 c:Audited 2022-04-01 2023-03-31 03958459 c:FullAccounts 2022-04-01 2023-03-31 03958459 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03958459 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03958459 2 2022-04-01 2023-03-31 03958459 d:Buildings d:LeasedAssetsHeldAsLessee 2023-03-31 03958459 d:Buildings d:LeasedAssetsHeldAsLessee 2022-03-31 03958459 d:LeasedAssetsHeldAsLessee 2023-03-31 03958459 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03958459









ALAN CONISBEE & ASSOCIATES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALAN CONISBEE & ASSOCIATES LIMITED
REGISTERED NUMBER: 03958459

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
                                                                           Note
£
£

Fixed assets
  

Tangible assets
 5 
778,866
151,148

  
778,866
151,148

Current assets
  

Debtors: amounts falling due within one year
 6 
2,162,150
2,332,879

Cash at bank and in hand
  
502,957
919,628

Creditors: amounts falling due within one year
 7 
(1,871,541)
(2,094,133)

Net current assets
  
 
 
793,566
 
 
1,158,374

Total assets less current liabilities
  
1,572,432
1,309,522

Creditors: amounts falling due after more than one year
 8 
(333,194)
(410,584)

Provisions for liabilities
  

Deferred tax
  
(132,378)
-

Other provisions
 11 
(140,000)
(175,000)

  
 
 
(272,378)
 
 
(175,000)

Net assets
  
966,860
723,938


Capital and reserves
  

Called up share capital 
 12 
1,620
1,620

Capital redemption reserve
  
900
900

Profit and loss account
  
964,340
721,418

  
966,860
723,938


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
ALAN CONISBEE & ASSOCIATES LIMITED
REGISTERED NUMBER: 03958459
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 September 2023.




T Beaven
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Alan Conisbee and Associates Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 1 - 5 Offord Street, London, N1 1DH.
The principal activity of the company in the year under review was that of civil engineering services.

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 (see note 3).

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue recognition occurs in the period in which services are rendered by reference to the stage of completion, which is assessed on actual services provided as a proportion of total services to be provided. Only when revenue can be reliably measured and it is probable that future economic benefits will flow is revenue recognised.
Unbilled revenue on projects which fulfils the recognition criteria is included in amounts recoverable on long term contracts within debtors. Where individual on-account billings exceed revenue on individual projects, the excess is classified as amounts billed in advance of work done within creditors.

 
2.3

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 3

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
Over the term of the lease
Computer hardware
-
33%
Computer software
-
33%
Office equipment
-
20%

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.

  
2.4

Debtors

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

  
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities like trade and other debtors and creditors, loans from banks and otherthird parties, loans to related parties and investments in ordinary shares..

  
2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.7

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.

Page 4

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

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

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

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 balance sheet 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 Balance sheet.

Page 5

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

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 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 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 balance sheet date.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The principal estimates and judgments that could have an effect upon the Company’s financial statements relate to:
Amounts recoverable on long term contracts and amounts billed in advance of work done
Income has been recognised in respect of services delivered where a right to consideration is receivable at the balance sheet date. Certain judgments have been applied with regard to unbilled projects concerning future revenues, exposure to credit risk and the degree of completion of the underlying contractual arrangements. See notes 6 and 7. 


4.


Employees

The average monthly number of employees, including directors, during the year was 70 (2022 - 66).

Page 6

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Long-term leasehold property
Computer hardware
Computer software
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
-
474,472
370,046
327,185
1,171,703


Additions
652,573
36,474
37,529
11,068
737,644



At 31 March 2023

652,573
510,946
407,575
338,253
1,909,347



Depreciation


At 1 April 2022
-
425,024
308,333
287,198
1,020,555


Charge for the year on owned assets
-
32,905
37,221
23,810
93,936


Charge for the year on financed assets
-
15,990
-
-
15,990



At 31 March 2023

-
473,919
345,554
311,008
1,130,481



Net book value



At 31 March 2023
652,573
37,027
62,021
27,245
778,866



At 31 March 2022
-
49,448
61,713
39,987
151,148

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Computer hardware
-
31,267

-
31,267

Page 7

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,285,016
1,399,355

Other debtors
12,599
17,064

Prepayments and accrued income
381,581
344,273

Amounts recoverable on long term contracts
482,954
572,187

2,162,150
2,332,879



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
91,806
89,416

Trade creditors
430,297
437,436

Billed in advance of work done
777,006
863,097

Corporation tax
70,533
150,765

Other taxation and social security
280,147
292,741

Obligations under finance lease and hire purchase contracts
-
15,080

Other creditors
31,194
-

Accruals and deferred income
190,558
245,598

1,871,541
2,094,133



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
333,194
410,584

333,194
410,584


Page 8

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
91,806
89,416

Amounts falling due 1-2 years

Bank loans
94,259
91,806

Amounts falling due 2-5 years

Bank loans
238,935
318,778


425,000
500,000



10.


Deferred taxation




2023


£






Charged to profit or loss
132,378



At end of year
132,378

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
132,378
-

132,378
-

Page 9

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Provisions




Claims

£





At 1 April 2022
175,000


Arising on business combinations
(35,000)



At 31 March 2023
140,000

The directors have provided for claims against the Company in respect of breach of contracts wherethere is a probable economic loss. The claims are provided to the extent that they are not covered by theCompany's insurance. The claims are expected to be settled over the next few years and are, at thisstage, estimated.
The potential claims where the directors consider there is a possible (but not probable) economic loss are £150,000 
(2022 - £Nil).


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,800 (2022 - 2,700) 'B' ordinary shares of £0.10 each
180
270
2,880 (2022 - 2,700) 'E' ordinary shares of £0.10 each
288
270
2,880 (2022 - 2,700) 'F' ordinary shares of £0.10 each
288
270
2,880 (2022 - 2,700) 'G' ordinary shares of £0.10 each
288
270
2,880 (2022 - 2,700) 'H' ordinary shares of £0.10 each
288
270
2,880 (2022 - 2,700) 'I' oridnary shares of £0.10 each
288
270

1,620

1,620

All shares rank pari-passu in all respects



13.


Pension commitments

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the funds in respect of the year.
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 £111,932 
(2022 - £91,343). Contributions totalling £9,365 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
ALAN CONISBEE & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Related party transactions

During the year related parties made the following transactions with, and the following balances were due from/to, Alan Conisbee and Associates Limited.


2023
2022
£
£

Rent paid to a company with certain common directors
253,304
254,312
Dividend in which directors have an interest
616,000
1,149,341
869,304
1,403,653


15.


Controlling party

The Company has no single controlling party.


16.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 11 October 2023 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 11