Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06826602 2022-04-01 2023-03-31 06826602 2021-04-01 2022-03-31 06826602 2023-03-31 06826602 2022-03-31 06826602 c:Director1 2022-04-01 2023-03-31 06826602 d:MotorVehicles 2022-04-01 2023-03-31 06826602 d:MotorVehicles 2023-03-31 06826602 d:MotorVehicles 2022-03-31 06826602 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06826602 d:OfficeEquipment 2022-04-01 2023-03-31 06826602 d:OfficeEquipment 2023-03-31 06826602 d:OfficeEquipment 2022-03-31 06826602 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06826602 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06826602 d:CurrentFinancialInstruments 2023-03-31 06826602 d:CurrentFinancialInstruments 2022-03-31 06826602 d:Non-currentFinancialInstruments 2023-03-31 06826602 d:Non-currentFinancialInstruments 2022-03-31 06826602 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06826602 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06826602 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06826602 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06826602 d:ShareCapital 2023-03-31 06826602 d:ShareCapital 2022-03-31 06826602 d:RetainedEarningsAccumulatedLosses 2023-03-31 06826602 d:RetainedEarningsAccumulatedLosses 2022-03-31 06826602 c:FRS102 2022-04-01 2023-03-31 06826602 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06826602 c:FullAccounts 2022-04-01 2023-03-31 06826602 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06826602









STRUCTURESOURCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STRUCTURESOURCE LIMITED
REGISTERED NUMBER: 06826602

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,672
55,218

  
40,672
55,218

Current assets
  

Debtors: amounts falling due within one year
 5 
617,315
144,695

Cash at bank and in hand
 6 
900,117
1,052,798

  
1,517,432
1,197,493

Creditors: amounts falling due within one year
 7 
(146,360)
(164,446)

Net current assets
  
 
 
1,371,072
 
 
1,033,047

Total assets less current liabilities
  
1,411,744
1,088,265

Creditors: amounts falling due after more than one year
 8 
(54,098)
(67,255)

  

Net assets
  
1,357,646
1,021,010


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,357,546
1,020,910

  
1,357,646
1,021,010


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 profit and loss account 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 24 November 2023.

Page 1

 
STRUCTURESOURCE LIMITED
REGISTERED NUMBER: 06826602
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023




D K Crook
Director

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

Page 2

 
STRUCTURESOURCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Structuresource Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 24a Hollybush Lane Harpenden, Hertfordshire, AL5 4AT.
The company's principal activity is that of consultancy.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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:

Page 3

 
STRUCTURESOURCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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 4

 
STRUCTURESOURCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

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.

 
2.7

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.

 
2.10

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 4 (2022 - 4).

Page 5

 
STRUCTURESOURCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
53,000
47,217
100,217


Additions
-
3,428
3,428



At 31 March 2023

53,000
50,645
103,645



Depreciation


At 1 April 2022
13,250
31,749
44,999


Charge for the year on owned assets
13,250
4,724
17,974



At 31 March 2023

26,500
36,473
62,973



Net book value



At 31 March 2023
26,500
14,172
40,672



At 31 March 2022
39,750
15,468
55,218


5.


Debtors

2023
2022
£
£


Trade debtors
605,057
126,872

Other debtors
12,258
17,823

617,315
144,695



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
900,117
1,052,798

900,117
1,052,798


Page 6

 
STRUCTURESOURCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Corporation tax
117,659
149,196

Other taxation and social security
13,101
-

Obligations under finance lease and hire purchase contracts
3,157
3,157

Other creditors
443
443

Accruals and deferred income
2,000
1,650

146,360
164,446



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,167
34,167

Net obligations under finance leases and hire purchase contracts
29,931
33,088

54,098
67,255


 
Page 7