Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-254falsetrue 13870811 2022-01-24 13870811 2022-01-25 2023-01-31 13870811 2021-01-25 2022-01-24 13870811 2023-01-31 13870811 c:Director2 2022-01-25 2023-01-31 13870811 d:OfficeEquipment 2022-01-25 2023-01-31 13870811 d:OfficeEquipment 2023-01-31 13870811 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-25 2023-01-31 13870811 d:CurrentFinancialInstruments 2023-01-31 13870811 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13870811 d:ShareCapital 2023-01-31 13870811 d:RetainedEarningsAccumulatedLosses 2022-01-25 2023-01-31 13870811 d:RetainedEarningsAccumulatedLosses 2023-01-31 13870811 c:OrdinaryShareClass1 2022-01-25 2023-01-31 13870811 c:OrdinaryShareClass1 2023-01-31 13870811 c:OrdinaryShareClass2 2022-01-25 2023-01-31 13870811 c:OrdinaryShareClass2 2023-01-31 13870811 c:OrdinaryShareClass3 2022-01-25 2023-01-31 13870811 c:OrdinaryShareClass3 2023-01-31 13870811 c:FRS102 2022-01-25 2023-01-31 13870811 c:AuditExempt-NoAccountantsReport 2022-01-25 2023-01-31 13870811 c:FullAccounts 2022-01-25 2023-01-31 13870811 c:PrivateLimitedCompanyLtd 2022-01-25 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13870811




HCB SPEAK TO SHINE LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JANUARY 2023

 
HCB SPEAK TO SHINE LIMITED
REGISTERED NUMBER: 13870811

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
6,067

  
6,067

Current assets
  

Debtors: amounts falling due within one year
  
16,386

Cash at bank and in hand
  
20,404

  
36,790

Creditors: amounts falling due within one year
  
(8,928)

Net current assets
  
 
 
27,862

Total assets less current liabilities
  
33,929

  

Net assets
  
33,929


Capital and reserves
  

Called up share capital 
 8 
10

Profit and loss account
 9 
33,919

  
33,929


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

 
HCB SPEAK TO SHINE LIMITED
REGISTERED NUMBER: 13870811
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 A Roylance
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 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

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
1.3

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.

 
1.4

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

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies (continued)


1.4
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:

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.

 
1.5

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.

 
1.6

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.

 
1.7

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.

Page 4

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies (continued)

 
1.8

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 5

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 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 4.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
6,868



At 31 January 2023

6,868



Depreciation


Charge for the period on owned assets
801



At 31 January 2023

801



Net book value



At 31 January 2023
6,067

Page 6

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

5.


Debtors

2023
£


Other debtors
16,386

16,386



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
20,404

20,404



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
6,533

Other taxation and social security
1,795

Accruals and deferred income
600

8,928



8.


Share capital

2023
£
Allotted, called up and fully paid


5,000 Ordinary A shares of £0.001 each
5
3,333 Ordinary B shares of £0.001 each
3
1,667 Ordinary C shares of £0.001 each
2

10


On incorporation, 5,000 Ordinary A shares, 3,333 Ordinary B shares and 1,667 Ordinary C shares of £0.001 each were issued at par.

Page 7

 
HCB SPEAK TO SHINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

9.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 8