Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseSolicitors1212truetrue 07529406 2022-05-01 2023-04-30 07529406 2021-05-01 2022-04-30 07529406 2023-04-30 07529406 2022-04-30 07529406 2021-05-01 07529406 c:Director7 2022-05-01 2023-04-30 07529406 c:Director10 2022-05-01 2023-04-30 07529406 d:Buildings 2022-05-01 2023-04-30 07529406 d:Buildings 2023-04-30 07529406 d:Buildings 2022-04-30 07529406 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07529406 d:Buildings d:LongLeaseholdAssets 2022-05-01 2023-04-30 07529406 d:FurnitureFittings 2022-05-01 2023-04-30 07529406 d:OfficeEquipment 2022-05-01 2023-04-30 07529406 d:ComputerEquipment 2022-05-01 2023-04-30 07529406 d:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 07529406 d:OtherPropertyPlantEquipment 2023-04-30 07529406 d:OtherPropertyPlantEquipment 2022-04-30 07529406 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07529406 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07529406 d:Goodwill 2023-04-30 07529406 d:Goodwill 2022-04-30 07529406 d:CurrentFinancialInstruments 2023-04-30 07529406 d:CurrentFinancialInstruments 2022-04-30 07529406 d:Non-currentFinancialInstruments 2023-04-30 07529406 d:Non-currentFinancialInstruments 2022-04-30 07529406 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07529406 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07529406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07529406 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 07529406 d:ShareCapital 2023-04-30 07529406 d:ShareCapital 2022-04-30 07529406 d:CapitalRedemptionReserve 2023-04-30 07529406 d:CapitalRedemptionReserve 2022-04-30 07529406 d:RetainedEarningsAccumulatedLosses 2023-04-30 07529406 d:RetainedEarningsAccumulatedLosses 2022-04-30 07529406 c:OrdinaryShareClass1 2022-05-01 2023-04-30 07529406 c:OrdinaryShareClass1 2023-04-30 07529406 c:OrdinaryShareClass2 2022-05-01 2023-04-30 07529406 c:OrdinaryShareClass2 2023-04-30 07529406 c:OrdinaryShareClass3 2022-05-01 2023-04-30 07529406 c:OrdinaryShareClass3 2023-04-30 07529406 c:OrdinaryShareClass4 2022-05-01 2023-04-30 07529406 c:OrdinaryShareClass4 2023-04-30 07529406 c:OrdinaryShareClass5 2022-05-01 2023-04-30 07529406 c:OrdinaryShareClass5 2023-04-30 07529406 c:FRS102 2022-05-01 2023-04-30 07529406 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07529406 c:FullAccounts 2022-05-01 2023-04-30 07529406 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07529406 2 2022-05-01 2023-04-30 07529406 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07529406 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07529406









CLARKSON WRIGHT & JAKES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
CLARKSON WRIGHT & JAKES LIMITED
REGISTERED NUMBER: 07529406

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
139,507
175,921

Current assets
  

Work in progress
 6 
1,289,921
1,387,910

Debtors: amounts falling due within one year
 7 
1,289,848
1,127,858

Cash at bank and in hand
  
1,540,950
1,396,499

  
4,120,719
3,912,267

Creditors: amounts falling due within one year
 8 
(2,274,918)
(1,973,655)

Net current assets
  
 
 
1,845,801
 
 
1,938,612

Total assets less current liabilities
  
1,985,308
2,114,533

Creditors: amounts falling due after more than one year
 9 
(1,936,970)
(2,060,002)

Provisions for liabilities
  

Deferred tax
 10 
(30,416)
(30,553)

Net assets
  
17,922
23,978


Capital and reserves
  

Called up share capital 
 11 
120
120

Capital redemption reserve
  
20
20

Profit and loss account
  
17,782
23,838

  
17,922
23,978


Page 1

 
CLARKSON WRIGHT & JAKES LIMITED
REGISTERED NUMBER: 07529406
    
BALANCE SHEET (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 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 on 28 September 2023.




A J Mehlin
D J K Greenhalgh
Director
Director

Page 2

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Clarkson Wright & Jakes Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Valiant House, 12 Knoll Rise, Orpington, Kent, BR6 0PG. The principal activity of the company during the year was that of the provision of legal services.

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. 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.

Revenue that has not yet been billed to clients, where it is probable that the future economic benefits will flow to the company, is included in work in progress. 
Where fees are contingent on external factors, and this is outside the control of the company, those fees are recognised when billed or on completion of the contingent event. 

  
2.3

Intangible fixed assets and amortisation

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 to the Statement of comprehensive income over its useful economic life.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 3

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.8

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 4

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.8
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 bases:

Leasehold property
-
2% Straight Line
Leasehold improvements
-
12.5% Straight Line
Fixtures & fittings
-
8.33% Straight Line
Office equipment
-
25% Straight Line
Computer equipment
-
25% Straight Line
Computer software
-
20% 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.

 
2.9

Work in progess

Work in progress is valued at the lower of cost and net realisable value after making due allowance for irrecoverable and contingent items. Cost includes all direct costs and a proportion of fixed and variable overheads. Movement in work in progress is accounted for in fees receivable.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
5,000,000



At 30 April 2023

5,000,000



Amortisation


At 1 May 2022
5,000,000



At 30 April 2023

5,000,000



Net book value



At 30 April 2023
-



At 30 April 2022
-


Page 6

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
 
           4.Intangible assets (continued)



5.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2022
131,137
1,082,886
1,214,023


Additions
-
40,206
40,206



At 30 April 2023

131,137
1,123,092
1,254,229



Depreciation


At 1 May 2022
131,137
906,965
1,038,102


Charge for the year on owned assets
-
76,620
76,620



At 30 April 2023

131,137
983,585
1,114,722



Net book value



At 30 April 2023
-
139,507
139,507



At 30 April 2022
-
175,921
175,921


6.


Work in progress

2023
2022
£
£

Work in progress
1,289,921
1,387,910

1,289,921
1,387,910


Page 7

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,007,086
871,324

Other debtors
12,827
1,502

Prepayments and accrued income
269,935
255,032

1,289,848
1,127,858



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
687,540
610,919

Corporation tax
222,335
242,224

Other taxation and social security
158,519
148,705

Other creditors
1,155,643
940,421

Accruals and deferred income
50,881
31,386

2,274,918
1,973,655



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,936,970
2,060,002

1,936,970
2,060,002


Directors' loan accounts included in other creditors are secured by fixed and floating charges over the company's assets.

Page 8

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(30,553)
(40,852)


Charged to profit or loss
137
10,299



At end of year
(30,416)
(30,553)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(30,416)
(30,553)

(30,416)
(30,553)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 Ordinary A1 Shares shares of £1.00 each
10
10
10 Ordinary A2 Shares shares of £1.00 each
10
10
10 Ordinary A5 Shares shares of £1.00 each
10
10
10 Ordinary A6 Shares shares of £1.00 each
10
10
10 Ordinary A7 Shares shares of £1.00 each
10
10
10 Ordinary A8 Shares shares of £1.00 each
10
10
10 Ordinary A9 Shares shares of £1.00 each
10
10
10 Non-Voting B1 Shares shares of £1.00 each
10
10
10 Non-Voting B2 Shares shares of £1.00 each
10
10
10 Non-Voting B4 Shares shares of £1.00 each
10
10
10 Non-Voting B5 Shares shares of £1.00 each
10
10
10 Non-Voting B7 Shares shares of £1.00 each
10
10

120

120




Page 9

 
CLARKSON WRIGHT & JAKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

12.


Related party transactions

Included within other creditors due within one year and after more than one year are amounts owed to the directors totalling £ 3,081,590 (2022: £2,987,616).
The directors had an interest in dividends paid in the year of £1,909,400 (
2022: £2,044,400).

 
Page 10