Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.82022-04-01false11No description of principal activityfalsetrue 7258398 2022-04-01 2023-03-31 7258398 2021-04-01 2022-03-31 7258398 2023-03-31 7258398 2022-03-31 7258398 c:Director2 2022-04-01 2023-03-31 7258398 d:FurnitureFittings 2022-04-01 2023-03-31 7258398 d:FurnitureFittings 2023-03-31 7258398 d:FurnitureFittings 2022-03-31 7258398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7258398 d:OfficeEquipment 2022-04-01 2023-03-31 7258398 d:OfficeEquipment 2023-03-31 7258398 d:OfficeEquipment 2022-03-31 7258398 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7258398 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7258398 d:CurrentFinancialInstruments 2023-03-31 7258398 d:CurrentFinancialInstruments 2022-03-31 7258398 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 7258398 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 7258398 d:ShareCapital 2023-03-31 7258398 d:ShareCapital 2022-03-31 7258398 d:RetainedEarningsAccumulatedLosses 2023-03-31 7258398 d:RetainedEarningsAccumulatedLosses 2022-03-31 7258398 c:OrdinaryShareClass1 2022-04-01 2023-03-31 7258398 c:OrdinaryShareClass1 2022-03-31 7258398 c:OrdinaryShareClass2 2022-04-01 2023-03-31 7258398 c:OrdinaryShareClass2 2023-03-31 7258398 c:FRS102 2022-04-01 2023-03-31 7258398 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 7258398 c:FullAccounts 2022-04-01 2023-03-31 7258398 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 7258398 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 7258398









THE CUSTOMER CLOSENESS COMPANY LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
REGISTERED NUMBER: 7258398

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,143
4,547

  
6,143
4,547

Current assets
  

Debtors: amounts falling due within one year
 5 
438,973
397,525

Cash at bank and in hand
 6 
887,793
550,759

  
1,326,766
948,284

Creditors: amounts falling due within one year
 7 
(672,253)
(495,920)

Net current assets
  
 
 
654,513
 
 
452,364

Total assets less current liabilities
  
660,656
456,911

  

Net assets
  
660,656
456,911


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
660,654
456,909

  
660,656
456,911


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 19 July 2023.



Page 1

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
REGISTERED NUMBER: 7258398
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


N Craig
Director

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

Page 2

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Customer Closeness Company Limited is a company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given on the company information page.  The principal activity of the company is customer closeness and qualitative research.

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

Page 3

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
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, on both the reducing balance and straight line method..

Depreciation is provided on the following basis:

Fixtures & fittings
-
15% reducing balance
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.

Page 4

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
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.

 
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 11 (2022 - 8).

Page 5

 
THE CUSTOMER CLOSENESS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
4,110
25,260
29,370


Additions
-
6,811
6,811



At 31 March 2023

4,110
32,071
36,181



Depreciation


At 1 April 2022
3,364
21,459
24,823


Charge for the year on owned assets
84
5,131
5,215



At 31 March 2023

3,448
26,590
30,038



Net book value



At 31 March 2023
662
5,481
6,143



At 31 March 2022
746
3,801
4,547


5.


Debtors

2023
2022
£
£


Trade debtors
431,676
395,175

Other debtors
-
60

Prepayments and accrued income
7,297
2,290

438,973
397,525



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
887,793
550,759

887,793
550,759


Page 6

 
THE CUSTOMER CLOSENESS COMPANY 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
69,393
22,356

Corporation tax
103,627
91,852

Other taxation and social security
142,218
107,845

Other creditors
3,738
2,905

Accruals and deferred income
353,277
270,962

672,253
495,920



8.


Share capital

On 5 December 2022 the Ordinary Shares were converted from 2 Ordinary Shares of £1 each to 200 Ordinary Shares of £0.01 each.


2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
-
2
200 Ordinary shares of £0.01 each
2
-

2

2


 
Page 7