Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity64trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03834004 2022-04-01 2023-03-31 03834004 2021-04-01 2022-03-31 03834004 2023-03-31 03834004 2022-03-31 03834004 c:Director1 2022-04-01 2023-03-31 03834004 c:RegisteredOffice 2022-04-01 2023-03-31 03834004 d:MotorVehicles 2022-04-01 2023-03-31 03834004 d:MotorVehicles 2023-03-31 03834004 d:MotorVehicles 2022-03-31 03834004 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03834004 d:FurnitureFittings 2022-04-01 2023-03-31 03834004 d:FurnitureFittings 2023-03-31 03834004 d:FurnitureFittings 2022-03-31 03834004 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03834004 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03834004 d:CurrentFinancialInstruments 2023-03-31 03834004 d:CurrentFinancialInstruments 2022-03-31 03834004 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03834004 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03834004 d:ShareCapital 2023-03-31 03834004 d:ShareCapital 2022-03-31 03834004 d:RetainedEarningsAccumulatedLosses 2023-03-31 03834004 d:RetainedEarningsAccumulatedLosses 2022-03-31 03834004 c:FRS102 2022-04-01 2023-03-31 03834004 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03834004 c:FullAccounts 2022-04-01 2023-03-31 03834004 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03834004 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 03834004







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


CLG ENTERPRISES UK LIMITED






































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CLG ENTERPRISES UK LIMITED
 


 
COMPANY INFORMATION


Director
M Stonehill 




Registered number
03834004



Registered office
Unit 9
Penarth Centre

Hatcham Road

London

SE15 1TW




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


CLG ENTERPRISES UK LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


CLG ENTERPRISES UK LIMITED
REGISTERED NUMBER:03834004



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,249
76,799

  
50,249
76,799

Current assets
  

Stocks
  
-
4,386

Debtors: amounts falling due within one year
 5 
137,498
72,843

Cash at bank and in hand
  
191,057
164,610

  
328,555
241,839

Creditors: amounts falling due within one year
 6 
(255,224)
(144,611)

Net current assets
  
 
 
73,331
 
 
97,228

Total assets less current liabilities
  
123,580
174,027

Provisions for liabilities
  

Deferred tax
  
(10,380)
(11,815)

  
 
 
(10,380)
 
 
(11,815)

Net assets
  
113,200
162,212


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
113,100
162,112

  
113,200
162,212


Page 1

 


CLG ENTERPRISES UK LIMITED
REGISTERED NUMBER:03834004


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Director considers 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 Director acknowledges his 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: 




M Stonehill
Director

Date: 6 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


CLG ENTERPRISES UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

CLG Enterprises UK Limited is a private company limited by shares, registered in England and Wales under the Companies Act 2006, company registration number 03834004. The address of its registered office is disclosed on the company information page.

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion. This is measured by the proportion of the contract costs incurred to date compared to the estimated total contract costs.

 
2.3

Interest income

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

 
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

 


CLG ENTERPRISES UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
reducing balance

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


CLG ENTERPRISES UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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 profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting 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 Statement of financial position.

 
2.9

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.

 
2.10

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 6 (2022 - 4).

Page 5

 


CLG ENTERPRISES UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
183,476
22,560
206,036


Additions
-
6,645
6,645


Disposals
-
(12,967)
(12,967)



At 31 March 2023

183,476
16,238
199,714



Depreciation


At 1 April 2022
112,521
16,716
129,237


Charge for the year on owned assets
31,466
1,571
33,037


Disposals
-
(12,809)
(12,809)



At 31 March 2023

143,987
5,478
149,465



Net book value



At 31 March 2023
39,489
10,760
50,249



At 31 March 2022
70,955
5,844
76,799


5.


Debtors

2023
2022
£
£


Trade debtors
129,385
59,276

Other debtors
430
13,567

Prepayments and accrued income
7,683
-

137,498
72,843


Page 6

 


CLG ENTERPRISES UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
129,093
38,753

Corporation tax
19,498
24,777

Other taxation and social security
73,563
3,311

Other creditors
7,789
16,914

Accruals and deferred income
25,281
60,856

255,224
144,611


 
Page 7