Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-312021-06-01falseNo description of principal activity2424falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06243654 2021-06-01 2022-05-31 06243654 2020-06-01 2021-05-31 06243654 2022-05-31 06243654 2021-05-31 06243654 c:Director1 2021-06-01 2022-05-31 06243654 d:OfficeEquipment 2021-06-01 2022-05-31 06243654 d:OfficeEquipment 2022-05-31 06243654 d:OfficeEquipment 2021-05-31 06243654 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06243654 d:CurrentFinancialInstruments 2022-05-31 06243654 d:CurrentFinancialInstruments 2021-05-31 06243654 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06243654 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 06243654 d:ShareCapital 2022-05-31 06243654 d:ShareCapital 2021-05-31 06243654 d:RetainedEarningsAccumulatedLosses 2022-05-31 06243654 d:RetainedEarningsAccumulatedLosses 2021-05-31 06243654 c:OrdinaryShareClass1 2021-06-01 2022-05-31 06243654 c:OrdinaryShareClass1 2022-05-31 06243654 c:OrdinaryShareClass1 2021-05-31 06243654 c:FRS102 2021-06-01 2022-05-31 06243654 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 06243654 c:FullAccounts 2021-06-01 2022-05-31 06243654 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 06243654 2 2021-06-01 2022-05-31 06243654 e:PoundSterling 2021-06-01 2022-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06243654









AMOSCA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
AMOSCA LIMITED
REGISTERED NUMBER: 06243654

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,999
5,877

Current assets
  

Debtors: amounts falling due within one year
 5 
1,350,273
1,090,948

Cash at bank and in hand
  
2,082,833
1,550,225

  
3,433,106
2,641,173

Creditors: amounts falling due within one year
 6 
(1,275,808)
(1,339,179)

Net current assets
  
 
 
2,157,298
 
 
1,301,994

Net assets
  
2,160,297
1,307,871


Capital and reserves
  

Called up share capital 
 7 
120
120

Profit and loss account
  
2,160,177
1,307,751

  
2,160,297
1,307,871


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 27 November 2023.

N Gorvett
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
AMOSCA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Amosca Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06243654 and registered office address is at 10 Arthur Street, London, EC4R 9AY.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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, and value added tax.
Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by reference to the period covered by the contract.

 
2.4

Interest income

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

Page 2

 
AMOSCA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

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 statement of financial position. 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 reporting 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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
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.

 
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.

Page 3

 
AMOSCA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
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 and loans to related parties.

 
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 24 (2021 - 24).


4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 June 2021
244,353



At 31 May 2022

244,353



Depreciation


At 1 June 2021
238,476


Charge for the year on owned assets
2,878



At 31 May 2022

241,354



Net book value



At 31 May 2022
2,999



At 31 May 2021
5,877

Page 4

 
AMOSCA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

5.


Debtors

2022
2021
£
£


Trade debtors
1,329,910
1,090,948

Other debtors
20,363
-

1,350,273
1,090,948



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
171,428
86,524

Corporation tax
290,848
70,275

Other taxation and social security
426,668
276,172

Other creditors
56,749
1,849

Accruals and deferred income
330,115
904,359

1,275,808
1,339,179



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



120 (2021 - 120) Ordinary shares of £1.00 each
120
120



8.


Related party transactions

During the year the company was charged a consultancy fee of £206,417 (2021: £90,000) by Amosca Enterprise Limited, a company in which Noel Gorvett is a director. As at reporting date, the company  owed £55,167 (£2021: £1,688) to Amosca Enterprise Limited.

 
Page 5