Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-01No description of principal activity1818falsetrue 6879291 2022-01-01 2022-12-31 6879291 2021-01-01 2021-12-31 6879291 2022-12-31 6879291 2021-12-31 6879291 c:Director1 2022-01-01 2022-12-31 6879291 c:Director3 2022-01-01 2022-12-31 6879291 c:Director4 2022-01-01 2022-12-31 6879291 c:Director4 2022-12-31 6879291 c:RegisteredOffice 2022-01-01 2022-12-31 6879291 d:Goodwill 2022-01-01 2022-12-31 6879291 d:Goodwill 2022-12-31 6879291 d:Goodwill 2021-12-31 6879291 d:CurrentFinancialInstruments 2022-12-31 6879291 d:CurrentFinancialInstruments 2021-12-31 6879291 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 6879291 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 6879291 d:ShareCapital 2022-12-31 6879291 d:ShareCapital 2021-12-31 6879291 d:RetainedEarningsAccumulatedLosses 2022-12-31 6879291 d:RetainedEarningsAccumulatedLosses 2021-12-31 6879291 c:FRS102 2022-01-01 2022-12-31 6879291 c:Audited 2022-01-01 2022-12-31 6879291 c:FullAccounts 2022-01-01 2022-12-31 6879291 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 6879291 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 6879291 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 6879291 d:Goodwill d:OwnedIntangibleAssets 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: 6879291







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


PULSE BUSINESS ENERGY LIMITED






































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PULSE BUSINESS ENERGY LIMITED
 


 
COMPANY INFORMATION


Directors
C J Russell 
R E Burke 
A C Ashton (appointed 27 April 2023)




Registered number
6879291



Registered office
1st Floor, The Wharf
Abbey Mill Business Park

Godalming

Surrey

GU7 2QN




Trading Address
39 Bear Lane

London

SE1 0UH






Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


PULSE BUSINESS ENERGY LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5

 


PULSE BUSINESS ENERGY LIMITED
REGISTERED NUMBER:6879291



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible fixed assets
  
29,236
190,645

  
29,236
190,645

Current assets
  

Debtors: amounts falling due within one year
 5 
4,705,447
3,750,605

Bank and cash balances
  
59,475
5,602

  
4,764,922
3,756,207

Creditors: amounts falling due within one year
 6 
(97,725)
(138,121)

Net current assets
  
 
 
4,667,197
 
 
3,618,086

Total assets less current liabilities
  
4,696,433
3,808,731

  

Net assets
  
4,696,433
3,808,731


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,696,333
3,808,631

  
4,696,433
3,808,731


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 by: 




A C Ashton
Director
Date: 12 October 2023

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 


PULSE BUSINESS ENERGY LIMITED
 


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

1.


General information

Pulse Business Energy Limited is a private company limited by shares, incorporated in the England and Wales under Companies Act 2006. The registered office and pricipal trading address is given on the Company Information page. The functional and presentational currency is GBP.

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. Revenue from commisions are recognised over the period to which they relate, with commissions earned but not invoiced included within accrued income.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over two years to the Statement of income and retained earnings over its useful economic life.


 
2.4

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.

 
2.5

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.

Page 2

 


PULSE BUSINESS ENERGY LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2021 - 18).

Page 3

 


PULSE BUSINESS ENERGY LIMITED
 


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

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2022
256,107


Additions
41,417



At 31 December 2022

297,524



Amortisation


At 1 January 2022
65,462


Charge for the year on owned assets
202,826



At 31 December 2022

268,288



Net book value



At 31 December 2022
29,236



At 31 December 2021
190,645




5.


Debtors

2022
2021
£
£


Trade debtors
229,848
91,493

Amounts owed by group undertakings
3,920,293
3,288,699

Other debtors
11,429
-

Prepayments and accrued income
542,026
368,155

Deferred taxation
1,851
2,258

4,705,447
3,750,605


Page 4

 


PULSE BUSINESS ENERGY LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,286
11,852

Corporation tax
-
62,643

Other taxation and social security
37,669
35,678

Other creditors
24,732
24,732

Accruals and deferred income
34,038
3,216

97,725
138,121



7.Financial commitments

Loans included within entities of the group that the Company is a part are secured by fixed and floating charges over the assets of the Company and the group.  At the year end the loans amounted to £186,225,036 (2021: £176,242,950).


8.


Controlling party

The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Arrow Communications Holdings Limited.  The company’s registered address is The Wharf, Abbey Mills Business Park, Lower Eashing, Godalming, Surrey, GU7 2QN.  

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 20 October 2023 by Robin Hopkins FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5