Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false2022-05-01No description of principal activity1014falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01164319 2022-05-01 2023-04-30 01164319 2021-05-01 2022-04-30 01164319 2023-04-30 01164319 2022-04-30 01164319 1 2022-05-01 2023-04-30 01164319 d:CompanySecretary1 2022-05-01 2023-04-30 01164319 d:Director2 2022-05-01 2023-04-30 01164319 d:Director2 2023-04-30 01164319 d:RegisteredOffice 2022-05-01 2023-04-30 01164319 c:FurnitureFittings 2022-05-01 2023-04-30 01164319 c:FurnitureFittings 2023-04-30 01164319 c:FurnitureFittings 2022-04-30 01164319 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01164319 c:ComputerEquipment 2022-05-01 2023-04-30 01164319 c:ComputerEquipment 2023-04-30 01164319 c:ComputerEquipment 2022-04-30 01164319 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01164319 c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01164319 c:CurrentFinancialInstruments 2023-04-30 01164319 c:CurrentFinancialInstruments 2022-04-30 01164319 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 01164319 c:CurrentFinancialInstruments c:WithinOneYear 2022-04-30 01164319 c:ShareCapital 2023-04-30 01164319 c:ShareCapital 2022-04-30 01164319 c:CapitalRedemptionReserve 2023-04-30 01164319 c:CapitalRedemptionReserve 2022-04-30 01164319 c:RetainedEarningsAccumulatedLosses 2023-04-30 01164319 c:RetainedEarningsAccumulatedLosses 2022-04-30 01164319 d:FRS102 2022-05-01 2023-04-30 01164319 d:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 01164319 d:FullAccounts 2022-05-01 2023-04-30 01164319 d:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01164319 c:WithinOneYear 2023-04-30 01164319 c:WithinOneYear 2022-04-30 01164319 c:BetweenOneFiveYears 2023-04-30 01164319 c:BetweenOneFiveYears 2022-04-30 iso4217:GBP xbrli:pure
Company registration number: 01164319







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023


CONCENTRATION HEAT & MOMENTUM LIMITED






































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CONCENTRATION HEAT & MOMENTUM LIMITED
 


 
COMPANY INFORMATION


Director
W Tan (appointed 2 October 2023)




Company secretary
J P Rayss



Registered number
01164319



Registered office
Bakery House
40 High Street

Wimbledon Village

London

SW19 5AU




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


CONCENTRATION HEAT & MOMENTUM LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


CONCENTRATION HEAT & MOMENTUM LIMITED
REGISTERED NUMBER:01164319



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,840
5,358

  
1,840
5,358

Current assets
  

Stocks
  
78,308
186,274

Debtors: amounts falling due within one year
 5 
1,043,412
1,123,667

Cash at bank and in hand
  
1,566,530
1,489,781

  
2,688,250
2,799,722

Creditors: amounts falling due within one year
 6 
(526,596)
(400,991)

Net current assets
  
 
 
2,161,654
 
 
2,398,731

Total assets less current liabilities
  
2,163,494
2,404,089

  

Net assets
  
2,163,494
2,404,089


Capital and reserves
  

Called up share capital 
  
6,423
6,423

Capital redemption reserve
  
3,577
3,577

Profit and loss account
  
2,153,494
2,394,089

  
2,163,494
2,404,089


Page 1

 


CONCENTRATION HEAT & MOMENTUM LIMITED
REGISTERED NUMBER:01164319


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

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 year 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.

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: 



W Tan
Director
Date: 24 October 2023

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

Page 2

 


CONCENTRATION HEAT & MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Concentration Heat & Momentum Limited is a company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

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.

 
2.2

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.

  
2.3

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.

 
2.4

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.

Page 3

 


CONCENTRATION HEAT & MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

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:

Furniture & Equipment
-
20% per annum on cost
Computer Equipment
-
25% per annum on cost

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 14).

Page 4

 


CONCENTRATION HEAT & MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
18,267
145,880
164,147



At 30 April 2023

18,267
145,880
164,147



Depreciation


At 1 May 2022
17,894
140,895
158,789


Charge for the year on owned assets
236
3,282
3,518



At 30 April 2023

18,130
144,177
162,307



Net book value



At 30 April 2023
137
1,703
1,840



At 30 April 2022
373
4,985
5,358


5.


Debtors

2023
2022
£
£


Trade debtors
885,272
756,770

Other debtors
156,383
350,624

Prepayments and accrued income
1,757
16,273

1,043,412
1,123,667



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
428,722
304,158

Other taxation and social security
30,283
25,502

Other creditors
1,208
430

Accruals and deferred income
66,383
70,901

526,596
400,991


Page 5

 


CONCENTRATION HEAT & MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Commitments under operating leases

At 30 April 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,799
5,961

Later than 1 year and not later than 5 years
3,237
7,113

7,036
13,074


8.


Post balance sheet events

On 2 October 2023 the company was acquired by HK ZWCAD Software Limited, a company registered in Hong Kong.

 
Page 6