Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-07-0165truetrue 12954641 2022-07-01 2023-06-30 12954641 2021-07-01 2022-06-30 12954641 2023-06-30 12954641 2022-06-30 12954641 c:Director1 2022-07-01 2023-06-30 12954641 d:ComputerEquipment 2022-07-01 2023-06-30 12954641 d:ComputerEquipment 2023-06-30 12954641 d:ComputerEquipment 2022-06-30 12954641 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12954641 d:CurrentFinancialInstruments 2023-06-30 12954641 d:CurrentFinancialInstruments 2022-06-30 12954641 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12954641 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12954641 d:ShareCapital 2023-06-30 12954641 d:ShareCapital 2022-06-30 12954641 d:RetainedEarningsAccumulatedLosses 2023-06-30 12954641 d:RetainedEarningsAccumulatedLosses 2022-06-30 12954641 c:FRS102 2022-07-01 2023-06-30 12954641 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12954641 c:FullAccounts 2022-07-01 2023-06-30 12954641 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12954641










ENSEMBLE SOFTWARE (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
ENSEMBLE SOFTWARE (UK) LIMITED
REGISTERED NUMBER: 12954641

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,542
4,744

Current assets
  

Debtors: Amounts falling due within one year
 5 
184,972
163,809

Cash at bank and in hand
 6 
97,923
231,966

  
282,895
395,775

Creditors: Amounts falling due within one year
 7 
(208,477)
(85,053)

Net current assets
  
 
 
74,418
 
 
310,722

  

Net assets
  
79,960
315,466


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
79,860
315,366

  
79,960
315,466


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 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: 


B Bacinschi
Director
Date: 18 October 2023

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
ENSEMBLE SOFTWARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Ensemble Software (UK) Limited is a private company limited by shares, incorporated in England and Wales. The Company registration number is 12954641. The registered office is 4th Floor, 2 Minster Court, London, EC3R 7BB. 

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

Going concern

The Director has assessed the going concern status of the Company. That assessment includes the increase in interest rates and the cost of living crisis.
The Director considers that the Company has sufficient liquid resources and access to future resources to enable the Company to cover its costs and pay its liabilities for the next 12 months from the date of approval of these financial statements.
Consequently, the Director has concluded that there are no material uncertainties that may cast significant doubt about the Company’s ability to continue as a going concern for the next 12 months from the date of approval of these financial statements. Accordingly, the going concern basis has been adopted in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pound sterling.

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.

Page 2

 
ENSEMBLE SOFTWARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

  
2.6

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.

Page 3

 
ENSEMBLE SOFTWARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Computer equipment
-
30%
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

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the
Page 4

 
ENSEMBLE SOFTWARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 July 2022
9,474


Additions
3,172



At 30 June 2023

12,646



Depreciation


At 1 July 2022
4,730


Charge for the year on owned assets
2,374



At 30 June 2023

7,104



Net book value



At 30 June 2023
5,542



At 30 June 2022
4,744

Page 5

 
ENSEMBLE SOFTWARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
104,267
93,373

Prepayments and accrued income
80,705
70,436

184,972
163,809



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
97,923
231,966

97,923
231,966



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,946
13,505

Other taxation and social security
8,768
48,824

Other creditors
181,367
-

Accruals and deferred income
12,396
22,724

208,477
85,053



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 £8,900 (2022 - £6,294). Contributions totaling £1,480 (2022 - £981) were payable to the fund at the Balance Sheet date.


9.


Controlling party

The ultimate controlling party is considered to be Brian Bacinschi by virtue of his majority shareholding.

 
Page 6