Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity56falsetrue SC578329 2022-01-01 2022-12-31 SC578329 2022-12-31 SC578329 2020-11-01 2021-12-31 SC578329 2021-12-31 SC578329 c:Director2 2022-01-01 2022-12-31 SC578329 d:ComputerEquipment 2022-01-01 2022-12-31 SC578329 d:ComputerEquipment 2022-12-31 SC578329 d:ComputerEquipment 2021-12-31 SC578329 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 SC578329 d:CurrentFinancialInstruments 2022-12-31 SC578329 d:CurrentFinancialInstruments 2021-12-31 SC578329 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC578329 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 SC578329 d:ShareCapital 2022-12-31 SC578329 d:ShareCapital 2021-12-31 SC578329 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC578329 d:RetainedEarningsAccumulatedLosses 2021-12-31 SC578329 c:FRS102 2022-01-01 2022-12-31 SC578329 c:Audited 2022-01-01 2022-12-31 SC578329 c:FullAccounts 2022-01-01 2022-12-31 SC578329 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 SC578329 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: SC578329







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


KESSON GROUP UK LIMITED






































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KESSON GROUP UK LIMITED
REGISTERED NUMBER:SC578329



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
Unaudited
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
968
-

  
968
-

Current assets
  

Debtors: amounts falling due within one year
 5 
99,405
29,500

Cash at bank and in hand
  
955
28,419

  
100,360
57,919

Creditors: amounts falling due within one year
 6 
(53,236)
(13,546)

Net current assets
  
 
 
47,124
 
 
44,373

Total assets less current liabilities
  
48,092
44,373

  

Net assets
  
48,092
44,373


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
47,792
44,073

  
48,092
44,373


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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D F Pedeira
Director

Date: 20 October 2023

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

Page 1

 


KESSON GROUP UK LIMITED
 


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

1.


General information

Kesson Group UK Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The company's principal place of business is 111 Peter Street, Suite 503, Toronto, ON, M5V 2H1, Canada.
The prior reporting period is not entirely comparable, the period was a 14 month period from 1 November 2020 to 31 December 2021.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 financial statements of the Company have been prepared on the basis of the going concern assumption.
Pluribus Technologies Corp., as the ultimate shareholder aims to maintain a capital structure that enables the immediate parent company Kesson Group Holdings Limited., and its subsidiaries to achieve their strategic objectives and daily operational needs, to safeguard the ability to continue as a going concern and to meet current obligations.
Pluribus Technologies Corp. has confirmed that it will provide the immediate parent company Kesson Group Holdings Limited. and its subsidiaries with financial support to ensure the continuity of its business activities for a period of at least 12 months after the annual accounts have been drawn up.
Management trusts that based upon the liquidity scenarios prepared, the capital structure, and the financial performance, the company is able to continue in a going concern basis.

Page 2

 


KESSON GROUP UK LIMITED
 


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

2.Accounting policies (continued)

 
2.3

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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 generated via the intercompany recharge of costs on a monthly basis and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

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

 


KESSON GROUP UK LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 reporting date in the countries where the Company operates and generates income.

 
2.9

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:

Computer equipment
-
3 years 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.

 
2.10

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.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position 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.

Page 4

 


KESSON GROUP UK LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (Unaudited 2021 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,032



At 31 December 2022

1,032



Depreciation


Charge for the year on owned assets
64



At 31 December 2022

64



Net book value



At 31 December 2022
968



At 31 December 2021
-

Page 5

 


KESSON GROUP UK LIMITED
 


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

5.


Debtors

2022
Unaudited
2021
£
£


Amounts owed by group undertakings
98,145
29,500

Prepayments and accrued income
1,260
-

99,405
29,500



6.


Creditors: Amounts falling due within one year

2022
Unaudited
2021
£
£

Trade creditors
-
1,080

Amounts owed to group undertakings
23,038
-

Corporation tax
-
2,380

Other taxation and social security
11,515
9,279

Other creditors
770
807

Accruals and deferred income
17,913
-

53,236
13,546



7.


Parent company

The parent company of the smallest group for which consolidated financial statements are drawn up is Pluribus Technologies Corp., the company's registered office is 111 Peter Street, Suite 503, Toronto, ON, M5V 2H1, Canada.


8.


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 Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 6