Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetrue2022-04-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07122933 2022-04-01 2023-03-31 07122933 2021-04-01 2022-03-31 07122933 2023-03-31 07122933 2022-03-31 07122933 2021-04-01 07122933 c:CompanySecretary1 2022-04-01 2023-03-31 07122933 c:Director1 2022-04-01 2023-03-31 07122933 c:RegisteredOffice 2022-04-01 2023-03-31 07122933 d:ComputerEquipment 2022-04-01 2023-03-31 07122933 d:ComputerEquipment 2023-03-31 07122933 d:ComputerEquipment 2022-03-31 07122933 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 07122933 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-03-31 07122933 d:FreeholdInvestmentProperty 2023-03-31 07122933 d:FreeholdInvestmentProperty 2022-03-31 07122933 d:CurrentFinancialInstruments 2023-03-31 07122933 d:CurrentFinancialInstruments 2022-03-31 07122933 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07122933 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07122933 d:ShareCapital 2023-03-31 07122933 d:ShareCapital 2022-03-31 07122933 d:RetainedEarningsAccumulatedLosses 2023-03-31 07122933 d:RetainedEarningsAccumulatedLosses 2022-03-31 07122933 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07122933 c:OrdinaryShareClass1 2023-03-31 07122933 c:OrdinaryShareClass1 2022-03-31 07122933 c:FRS102 2022-04-01 2023-03-31 07122933 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07122933 c:FullAccounts 2022-04-01 2023-03-31 07122933 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07122933 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07122933 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 07122933 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07122933









CARDNO & ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CARDNO & ASSOCIATES LIMITED
 
 
COMPANY INFORMATION


Director
D Cardno 




Company secretary
E Cardno



Registered number
07122933



Registered office
18a/20 King Street

Maidenhead

Berkshire

SL6 1EF




Accountants
Donald Reid Limited
Chartered Accountants

Prince Albert House

20 King Street

Maidenhead

Berkshire

SL6 1DT





 
CARDNO & ASSOCIATES LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10


 
CARDNO & ASSOCIATES LIMITED
REGISTERED NUMBER: 07122933

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
66

Investment property
 6 
370,000
370,000

  
370,000
370,066

Current assets
  

Debtors: amounts falling due within one year
 7 
9,386
13,153

Cash at bank and in hand
 8 
34,722
36,475

  
44,108
49,628

Creditors: amounts falling due within one year
 9 
(133,572)
(126,242)

Net current liabilities
  
 
 
(89,464)
 
 
(76,614)

Total assets less current liabilities
  
280,536
293,452

Provisions for liabilities
  

Deferred tax
 10 
(7,976)
(7,976)

  
 
 
(7,976)
 
 
(7,976)

Net assets
  
272,560
285,476


Capital and reserves
  

Called up share capital 
 11 
10
10

Profit and loss account
  
272,550
285,466

  
272,560
285,476


Page 1

 
CARDNO & ASSOCIATES LIMITED
REGISTERED NUMBER: 07122933
    
BALANCE SHEET (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 on 14 November 2023.




D Cardno
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Cardno & Associates Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 07122933. The egistered address is 18a/20 King Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF. 

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.

Page 3

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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 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.

 
2.4

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.

 
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.

Page 4

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
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 basis:

Computer 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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers or by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings. 

 
2.7

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.

 
2.8

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.

 
2.9

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

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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 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.

 
2.11

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Page 6

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.

 
2.12

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 2 (2022 - 2).


4.


Intangible assets




Trademarks

£



Cost


At 1 April 2022
3,402



At 31 March 2023

3,402



Amortisation


At 1 April 2022
3,336


Charge for the year on owned assets
66



At 31 March 2023

3,402



Net book value



At 31 March 2023
-



At 31 March 2022
66



Page 7

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
1,450



At 31 March 2023

1,450



Depreciation


At 1 April 2022
1,450



At 31 March 2023

1,450



Net book value



At 31 March 2023
-



At 31 March 2022
-


6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
370,000



At 31 March 2023
370,000

The 2023 valuations were made by the director, D Cardno, on an open market value for existing use basis.




Page 8

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Trade debtors
9,386
13,144

Other debtors
-
9

9,386
13,153



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
34,722
36,475

34,722
36,475



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
593

Corporation tax
6,353
9,658

Other taxation and social security
1,750
2,987

Other creditors
124,147
111,332

Accruals and deferred income
1,322
1,672

133,572
126,242



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(7,976)
(4,203)


Charged to the profit or loss
-
(3,773)



At end of year
(7,976)
(7,976)

Page 9

 
CARDNO & ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Gain on valuation of investment property
(7,976)
(7,976)

(7,976)
(7,976)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10



12.


Related party transactions

At the year end and included within other creditors, is an amount of £124,147 (2022: £111,330) owed by     the company to the director.

 
Page 10