Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09487326 2022-01-01 2022-12-31 09487326 2021-01-01 2021-12-31 09487326 2022-12-31 09487326 2021-12-31 09487326 c:Director1 2022-01-01 2022-12-31 09487326 d:MotorVehicles 2022-01-01 2022-12-31 09487326 d:MotorVehicles 2022-12-31 09487326 d:MotorVehicles 2021-12-31 09487326 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09487326 d:OfficeEquipment 2022-01-01 2022-12-31 09487326 d:OfficeEquipment 2022-12-31 09487326 d:OfficeEquipment 2021-12-31 09487326 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09487326 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09487326 d:CurrentFinancialInstruments 2022-12-31 09487326 d:CurrentFinancialInstruments 2021-12-31 09487326 d:Non-currentFinancialInstruments 2022-12-31 09487326 d:Non-currentFinancialInstruments 2021-12-31 09487326 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09487326 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09487326 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09487326 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09487326 d:ShareCapital 2022-12-31 09487326 d:ShareCapital 2021-12-31 09487326 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09487326 d:RetainedEarningsAccumulatedLosses 2022-12-31 09487326 d:RetainedEarningsAccumulatedLosses 2021-12-31 09487326 c:OrdinaryShareClass1 2022-01-01 2022-12-31 09487326 c:OrdinaryShareClass1 2022-12-31 09487326 c:OrdinaryShareClass1 2021-12-31 09487326 c:OrdinaryShareClass2 2022-01-01 2022-12-31 09487326 c:OrdinaryShareClass2 2022-12-31 09487326 c:OrdinaryShareClass2 2021-12-31 09487326 c:FRS102 2022-01-01 2022-12-31 09487326 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09487326 c:FullAccounts 2022-01-01 2022-12-31 09487326 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09487326 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 09487326 d:HirePurchaseContracts d:WithinOneYear 2021-12-31 09487326 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 09487326 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-12-31 09487326 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09487326






HEART CENTRED BUSINESS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2022

 
HEART CENTRED BUSINESS LIMITED
REGISTERED NUMBER: 09487326

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,714
58,495

  
32,714
58,495

Current assets
  

Debtors: amounts falling due within one year
 5 
515,653
560,095

Cash at bank and in hand
 6 
25,403
61,027

  
541,056
621,122

Creditors: amounts falling due within one year
 7 
(534,330)
(541,402)

Net current assets
  
 
 
6,726
 
 
79,720

Total assets less current liabilities
  
39,440
138,215

Creditors: amounts falling due after more than one year
 8 
-
(21,107)

  

Net assets
  
39,440
117,108


Capital and reserves
  

Called up share capital 
 10 
200
200

Profit and loss account
 11 
39,240
116,908

  
39,440
117,108


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.

Page 1

 
HEART CENTRED BUSINESS LIMITED
REGISTERED NUMBER: 09487326
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 11 October 2023.



C Lambert-Gorwyn
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

 
1.4

Interest income

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

 
1.5

Finance costs

Finance costs are charged to profit or loss 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.

Page 3

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

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 reporting date in the countries where the Company operates and generates income.

 
1.8

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:

Motor vehicles
-
20%
straight line
Office equipment
-
20%
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.

 
1.9

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

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.10

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.

 
1.11

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.

 
1.12

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.

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.

Page 5

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.13

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 6

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
120,292
15,493
135,785



At 31 December 2022

120,292
15,493
135,785



Depreciation


At 1 January 2022
66,161
11,129
77,290


Charge for the year on owned assets
24,058
1,723
25,781



At 31 December 2022

90,219
12,852
103,071



Net book value



At 31 December 2022
30,073
2,641
32,714



At 31 December 2021
54,131
4,364
58,495


5.


Debtors

2022
2021
£
£


Trade debtors
61,500
83,459

Other debtors
454,153
476,636

515,653
560,095



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
25,403
61,027

25,403
61,027


Page 7

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
12,103
12,557

Corporation tax
-
6,861

Other taxation and social security
46,477
41,737

Obligations under finance lease and hire purchase contracts
-
18,091

Other creditors
262,928
311,921

Accruals and deferred income
212,822
150,235

534,330
541,402


2022
2021
£
£

Other taxation and social security

VAT control
46,477
41,737

46,477
41,737



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
-
21,107

-
21,107



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
-
18,091

Between 1-5 years
-
21,107

-
39,198

Page 8

 
HEART CENTRED BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100
100 (2021 - 100) A Ordinary shares of £1.00 each
100
100

200

200



11.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 9