Caseware UK (AP4) 2022.0.179 2022.0.179 2true2022-04-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07505686 2022-04-01 2023-03-31 07505686 2021-04-01 2022-03-31 07505686 2023-03-31 07505686 2022-03-31 07505686 c:Director1 2022-04-01 2023-03-31 07505686 d:OfficeEquipment 2022-04-01 2023-03-31 07505686 d:OfficeEquipment 2023-03-31 07505686 d:OfficeEquipment 2022-03-31 07505686 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07505686 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 07505686 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 07505686 d:CurrentFinancialInstruments 2023-03-31 07505686 d:CurrentFinancialInstruments 2022-03-31 07505686 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07505686 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07505686 d:ShareCapital 2023-03-31 07505686 d:ShareCapital 2022-03-31 07505686 d:RetainedEarningsAccumulatedLosses 2023-03-31 07505686 d:RetainedEarningsAccumulatedLosses 2022-03-31 07505686 c:FRS102 2022-04-01 2023-03-31 07505686 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07505686 c:FullAccounts 2022-04-01 2023-03-31 07505686 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07505686 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07505686










Kindleworth (Services) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023

 
Kindleworth (Services) Limited
Registered number: 07505686

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
34,569
70,184

Tangible assets
  
902
1,757

  
35,471
71,941

Current assets
  

Debtors: amounts falling due within one year
  
84,662
117,299

Cash at bank and in hand
  
88,068
8,852

  
172,730
126,151

Creditors: amounts falling due within one year
  
(236,420)
(184,714)

Net current liabilities
  
 
 
(63,690)
 
 
(58,563)

Total assets less current liabilities
  
(28,219)
13,378

  

Net (liabilities)/assets
  
(28,219)
13,378


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
(28,224)
13,373

  
(28,219)
13,378


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 15 November 2023.



J Skelton
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Kindleworth (Services) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

Kindleworth (Services) Limited is a private company limited by shares incorporated in England and Wales. The company's registered number, registered address and the principal place of business are disclosed on the Company information page. The principal activity of the company in the year under review was that of other information technology service activities.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives of 3 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 2

 
Kindleworth (Services) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
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.

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:

IT equipment
-
33%
straight line method

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

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.

 
2.7

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

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.

 
2.9

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.

Page 3

 
Kindleworth (Services) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2022
106,846



At 31 March 2023

106,846



Amortisation


At 1 April 2022
36,662


Charge for the year on owned assets
35,615



At 31 March 2023

72,277



Net book value



At 31 March 2023
34,569



At 31 March 2022
70,184



Page 4

 
Kindleworth (Services) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Tangible fixed assets





IT equipment

£



Cost or valuation


At 1 April 2022
2,563



At 31 March 2023

2,563



Depreciation


At 1 April 2022
806


Charge for the year on owned assets
855



At 31 March 2023

1,661



Net book value



At 31 March 2023
902



At 31 March 2022
1,757


6.


Debtors

2023
2022
£
£


Trade debtors
69,865
87,791

Other debtors
5
25,392

Prepayments
14,792
4,116

84,662
117,299



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
88,068
8,852

88,068
8,852


Page 5

 
Kindleworth (Services) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,774
5,550

Amounts owed to affiliates
188,913
176,664

Other taxation and social security
22,383
-

Accruals
13,350
2,500

236,420
184,714



9.


Related party transactions

The directors and the shareholders of the company Messrs J Hacking, T Arrowsmith, J Skelton, F Haughian and M Estill are also members in an affliate LLP, Kindleworth LLP.
During the year the company purchased services to the value of £12,249 (2022: £77,925) from Kindleworth LLP. Each transaction took place at arms length and prevailing market rates.
At the balance sheet date included in Creditors: Amounts falling due within one year is  a balance of £188,913 (2022: £176,664) due to Kindleworth LLP. 


Page 6