Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-02-02falsetrueNo description of principal activity2 13887960 2022-02-01 13887960 2022-02-02 2023-02-28 13887960 2021-02-02 2022-02-01 13887960 2023-02-28 13887960 c:Director1 2022-02-02 2023-02-28 13887960 d:PatentsTrademarksLicencesConcessionsSimilar 2023-02-28 13887960 d:CurrentFinancialInstruments 2023-02-28 13887960 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13887960 d:ShareCapital 2023-02-28 13887960 d:RetainedEarningsAccumulatedLosses 2022-02-02 2023-02-28 13887960 d:RetainedEarningsAccumulatedLosses 2023-02-28 13887960 c:OrdinaryShareClass1 2022-02-02 2023-02-28 13887960 c:OrdinaryShareClass1 2023-02-28 13887960 c:FRS102 2022-02-02 2023-02-28 13887960 c:AuditExempt-NoAccountantsReport 2022-02-02 2023-02-28 13887960 c:FullAccounts 2022-02-02 2023-02-28 13887960 c:PrivateLimitedCompanyLtd 2022-02-02 2023-02-28 13887960 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-02-02 2023-02-28 13887960 2 2022-02-02 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13887960




CIRCLE OF INFLUENCE LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
CIRCLE OF INFLUENCE LTD
REGISTERED NUMBER: 13887960

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
5,000

  
5,000

Current assets
  

Debtors: amounts falling due within one year
 5 
11,200

Cash at bank and in hand
 6 
22,362

  
33,562

Creditors: amounts falling due within one year
 7 
(46,025)

Net current (liabilities)/assets
  
 
 
(12,463)

Total assets less current liabilities
  
(7,463)

  

Net (liabilities)/assets
  
(7,463)


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
 9 
(7,464)

  
(7,463)


The directors consider 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 directors acknowledge their 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.

Page 1

 
CIRCLE OF INFLUENCE LTD
REGISTERED NUMBER: 13887960
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

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 20 October 2023.




D Buchanan
Director

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

Page 2

 
CIRCLE OF INFLUENCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 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.

The following principal accounting policies have been applied:

 
1.2

Interest income

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

 
1.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.4

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.

 
1.5

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.

 
1.6

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.

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CIRCLE OF INFLUENCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
CIRCLE OF INFLUENCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Intangible assets



Franchise

£



Cost


Additions
5,000



At 28 February 2023

5,000






Net book value



At 28 February 2023
5,000



Page 5

 
CIRCLE OF INFLUENCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Debtors

2023
£


Trade debtors
11,200

11,200



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
22,362

22,362



7.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
4,376

Other creditors
12,649

Accruals and deferred income
29,000

46,025



8.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, 1 Ordinary share of £1.00 was issued at par.


9.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
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