Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity1414falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02702612 2022-04-01 2023-03-31 02702612 2021-04-01 2022-03-31 02702612 2023-03-31 02702612 2022-03-31 02702612 c:Director5 2022-04-01 2023-03-31 02702612 d:OfficeEquipment 2022-04-01 2023-03-31 02702612 d:OfficeEquipment 2023-03-31 02702612 d:OfficeEquipment 2022-03-31 02702612 d:ComputerSoftware 2023-03-31 02702612 d:ComputerSoftware 2022-03-31 02702612 d:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 02702612 d:CurrentFinancialInstruments 2023-03-31 02702612 d:CurrentFinancialInstruments 2022-03-31 02702612 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02702612 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02702612 d:RetainedEarningsAccumulatedLosses 2023-03-31 02702612 d:RetainedEarningsAccumulatedLosses 2022-03-31 02702612 c:FRS102 2022-04-01 2023-03-31 02702612 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02702612 c:FullAccounts 2022-04-01 2023-03-31 02702612 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 02702612 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 02702612 2 2022-04-01 2023-03-31 02702612 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 02702612









EXETER CHAMBER OF COMMERCE (1992) LIMITED
(A company limited by guarantee)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023














 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
  
REGISTERED NUMBER:02702612

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,458
5,316

  
3,458
5,316

Current assets
  

Debtors: amounts falling due within one year
 6 
6,745
8,921

Cash at bank and in hand
  
41,636
56,196

  
48,381
65,117

Creditors: amounts falling due within one year
 7 
(39,849)
(30,894)

Net current assets
  
 
 
8,532
 
 
34,223

Total assets less current liabilities
  
11,990
39,539

  

Net assets
  
11,990
39,539


Capital and reserves
  

Profit and loss account
  
11,990
39,539

  
11,990
39,539


Page 1

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
  
REGISTERED NUMBER:02702612
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 on 9 November 2023.




S Gates (Chair)
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Exeter Chamber of Commerce (1992) Limited is a private company, limited by guarantee without share capital, domiciled in England. The registered office is 1 Barnfield Crescent, Exeter, United Kingdom, EX1 1QT.

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

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
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. 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.

 
2.4

Interest income

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

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Intangible assets

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.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
3
years

 
2.7

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:

Office equipment
-
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.

 
2.8

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.

 
2.9

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.

Page 4

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

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

Page 5

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Other intangible assets

£



Cost


At 1 April 2022
7,974


Additions
1,200



At 31 March 2023

9,174



Amortisation


At 1 April 2022
2,658


Charge for the year on owned assets
3,058



At 31 March 2023

5,716



Net book value



At 31 March 2023
3,458



At 31 March 2022
5,316



Page 6

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
221



At 31 March 2023

221



Depreciation


At 1 April 2022
221



At 31 March 2023

221



Net book value



At 31 March 2023
-



At 31 March 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
3,714
7,290

Other debtors
613
1,148

Prepayments and accrued income
2,418
483

6,745
8,921


Page 7

 
EXETER CHAMBER OF COMMERCE (1992) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,411
11,927

Corporation tax
5
9

Other creditors
762
-

Accruals and deferred income
31,671
18,958

39,849
30,894




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 8