Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseManagement consultancy activities other than financial managementtruetrue 03909897 2022-04-01 2023-03-31 03909897 2021-04-01 2022-03-31 03909897 2023-03-31 03909897 2022-03-31 03909897 c:Director3 2022-04-01 2023-03-31 03909897 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 03909897 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03909897 d:Buildings d:ShortLeaseholdAssets 2022-03-31 03909897 d:FurnitureFittings 2022-04-01 2023-03-31 03909897 d:FurnitureFittings 2023-03-31 03909897 d:FurnitureFittings 2022-03-31 03909897 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03909897 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03909897 d:Goodwill 2022-04-01 2023-03-31 03909897 d:Goodwill 2023-03-31 03909897 d:Goodwill 2022-03-31 03909897 d:CurrentFinancialInstruments 2023-03-31 03909897 d:CurrentFinancialInstruments 2022-03-31 03909897 d:Non-currentFinancialInstruments 2023-03-31 03909897 d:Non-currentFinancialInstruments 2022-03-31 03909897 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03909897 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03909897 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03909897 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03909897 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03909897 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 03909897 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03909897 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 03909897 d:ShareCapital 2023-03-31 03909897 d:ShareCapital 2022-03-31 03909897 d:CapitalRedemptionReserve 2023-03-31 03909897 d:CapitalRedemptionReserve 2022-03-31 03909897 d:RetainedEarningsAccumulatedLosses 2023-03-31 03909897 d:RetainedEarningsAccumulatedLosses 2022-03-31 03909897 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 03909897 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 03909897 d:FinancialAssetsAmortisedCost 2023-03-31 03909897 d:FinancialAssetsAmortisedCost 2022-03-31 03909897 d:FinancialLiabilitiesAmortisedCost 2023-03-31 03909897 d:FinancialLiabilitiesAmortisedCost 2022-03-31 03909897 c:FRS102 2022-04-01 2023-03-31 03909897 c:Audited 2022-04-01 2023-03-31 03909897 c:FullAccounts 2022-04-01 2023-03-31 03909897 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03909897 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03909897 2 2022-04-01 2023-03-31 03909897 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number:  03909897














AMION CONSULTING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


 
AMION CONSULTING LIMITED
REGISTERED NUMBER: 03909897

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
517,163
620,455

Tangible assets
 5 
6,236
376

  
523,399
620,831

Current assets
  

Debtors: amounts falling due within one year
 6 
583,452
793,803

Cash at bank and in hand
 7 
919,299
970,899

  
1,502,751
1,764,702

Creditors: amounts falling due within one year
 8 
(448,695)
(752,078)

Net current assets
  
 
 
1,054,056
 
 
1,012,624

Total assets less current liabilities
  
1,577,455
1,633,455

Creditors: amounts falling due after more than one year
 9 
-
(216,206)

  

Net assets
  
1,577,455
1,417,249

Page 1

 
AMION CONSULTING LIMITED
REGISTERED NUMBER: 03909897
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,793
1,793

Capital redemption reserve
  
150
150

Profit and loss account
  
1,575,512
1,415,306

  
1,577,455
1,417,249


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 on 31 August 2023.




G Hunt
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006, registered in England and Wales (no.03909897). The address of the registered office is c/o Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool L3 9QJ.
These financial statements present information about the company as an individual undertaking; it is a wholly owned subsidiary company. The principal activity of the company is that of business and management consultants.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

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.

Page 3

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

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 Income and Retained Earnings over its useful economic life.


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.

 
2.4

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.

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:

Short-term leasehold land and buildings
-
20% straight line
Furniture, fittings and equipment
-
33.33% 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.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.6

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.

Page 4

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

 
2.11

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.

 
2.12

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 the Statement of Income and Retained Earnings 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.

 
2.13

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Page 6

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.15

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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 Statement of Financial Position 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 22).

Page 7

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
2,325,000



At 31 March 2023

2,325,000



Amortisation


At 1 April 2022
1,704,545


Charge for the year on owned assets
103,292



At 31 March 2023

1,807,837



Net book value



At 31 March 2023
517,163



At 31 March 2022
620,455



Page 8

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


TANGIBLE FIXED ASSETS





Short Term Leasehold Property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
29,836
18,406
48,242


Additions
-
6,913
6,913



At 31 March 2023

29,836
25,319
55,155



Depreciation


At 1 April 2022
29,836
18,030
47,866


Charge for the year on owned assets
-
1,053
1,053



At 31 March 2023

29,836
19,083
48,919



Net book value



At 31 March 2023
-
6,236
6,236



At 31 March 2022
-
376
376


6.


Debtors

2023
2022
£
£


Trade debtors
566,451
777,156

Prepayments and accrued income
17,001
16,647

583,452
793,803



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
919,299
970,899

919,299
970,899


Page 9

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
10,371
15,371

Corporation tax
93,437
97,889

Other taxation and social security
125,990
160,259

Other creditors
4,364
162,187

Accruals and deferred income
214,533
316,372

448,695
752,078



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
216,206

-
216,206



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Other loans
-
150,000


-
150,000

Amounts falling due 2-5 years

Other loans
-
66,206


-
66,206


-
216,206


Page 10

 
AMION CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
919,299
970,899

Financial assets that are debt instruments measured at amortised cost
566,451
777,156

1,485,750
1,748,055


Financial liabilities


Financial liabilities measured at amortised cost
(195,269)
(557,635)


Financial assets measured at amortised cost comprise trade debtors, bank and cash balances.


Financial liabilities measured at amortised cost comprise other loans, other creditors and accruals.


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the fund and amounted to £82,864 (2022 - £68,522). All contributions were paid to the funds in the year.


13.


Controlling party

The company is a wholly owned subsidiary of Amion Holdings Limited (Company No. 11485860), whose registered office address is Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, Merseyside L3 9QJ.
At the balance sheet date the directors considered the controlling party of Amion Holdings Limited to be G P Russell. On 5 April 2023 Amion Holdings Limited became a wholly owned subsidiary of Amion Group Limited (Company No. 14503264), whose registered office address is C/o Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, Merseyside L3 9QJ. Amion Group Limited is not controlled by any single individual.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 31 August 2023 by Andrew McCall (Senior Statutory Auditor) on behalf of Langtons Professional Services Limited.

 
Page 11