Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28building services design consultants2022-03-01false4644truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03004480 2022-03-01 2023-02-28 03004480 2021-03-01 2022-02-28 03004480 2023-02-28 03004480 2022-02-28 03004480 c:Director2 2022-03-01 2023-02-28 03004480 d:FurnitureFittings 2022-03-01 2023-02-28 03004480 d:FurnitureFittings 2023-02-28 03004480 d:FurnitureFittings 2022-02-28 03004480 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03004480 d:OfficeEquipment 2022-03-01 2023-02-28 03004480 d:OfficeEquipment 2023-02-28 03004480 d:OfficeEquipment 2022-02-28 03004480 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03004480 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03004480 d:CurrentFinancialInstruments 2023-02-28 03004480 d:CurrentFinancialInstruments 2022-02-28 03004480 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03004480 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 03004480 d:ShareCapital 2023-02-28 03004480 d:ShareCapital 2022-02-28 03004480 d:RetainedEarningsAccumulatedLosses 2023-02-28 03004480 d:RetainedEarningsAccumulatedLosses 2022-02-28 03004480 c:OrdinaryShareClass1 2022-03-01 2023-02-28 03004480 c:OrdinaryShareClass1 2023-02-28 03004480 c:OrdinaryShareClass1 2022-02-28 03004480 c:OrdinaryShareClass2 2022-03-01 2023-02-28 03004480 c:OrdinaryShareClass2 2023-02-28 03004480 c:OrdinaryShareClass2 2022-02-28 03004480 c:OrdinaryShareClass3 2022-03-01 2023-02-28 03004480 c:OrdinaryShareClass3 2023-02-28 03004480 c:OrdinaryShareClass3 2022-02-28 03004480 c:FRS102 2022-03-01 2023-02-28 03004480 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 03004480 c:FullAccounts 2022-03-01 2023-02-28 03004480 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03004480 2 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03004480









WHITECODE CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
WHITECODE CONSULTING LIMITED
REGISTERED NUMBER: 03004480

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
116,673
113,558

Current assets
  

Debtors: amounts falling due within one year
 5 
1,395,588
1,347,793

Cash at bank and in hand
 6 
254,936
425,870

  
1,650,524
1,773,663

Creditors: amounts falling due within one year
 7 
(591,059)
(781,515)

Net current assets
  
 
 
1,059,465
 
 
992,148

Total assets less current liabilities
  
1,176,138
1,105,706

  

Net assets
  
1,176,138
1,105,706


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
1,166,138
1,095,706

  
1,176,138
1,105,706


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.

Page 1

 
WHITECODE CONSULTING LIMITED
REGISTERED NUMBER: 03004480
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by 




A D Hill
Director

Date: 16 November 2023

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

Page 2

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Whitecode Consulting Limited is a private limited company incorporated in England and Wales. The registered office of the company is 26-27 The Hill, Northfleet, Gravesend, DA11 9EU. The principal activity of the company in the year under review was that of building services design consultants.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

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 the Statement of comprehensive income 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.

  
2.7

Taxation

Tax is recognised in Statement of comprehensive income 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 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.

 
2.8

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, on the following bases:



Fixtures & fittings
-
20% Straight Line.
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.

Page 4

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

  
2.9

Work in progress

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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 46 (2022 - 44).

Page 6

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
81,324
55,248
136,572


Additions
-
45,482
45,482



At 28 February 2023

81,324
100,730
182,054



Depreciation


At 1 March 2022
12,933
10,081
23,014


Charge for the year on owned assets
16,265
26,102
42,367



At 28 February 2023

29,198
36,183
65,381



Net book value



At 28 February 2023
52,126
64,547
116,673



At 28 February 2022
68,391
45,167
113,558

Page 7

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,072,061
1,066,480

Amounts owed by group undertakings
119,125
74,596

Amounts owed by associated undertakings
-
8,085

Other debtors
8,550
93,392

Prepayments and accrued income
195,852
105,240

1,395,588
1,347,793



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
254,936
425,870

254,936
425,870



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
173,881
182,787

Amounts owed to group undertakings
20,815
-

Other taxation and social security
180,266
190,186

Other creditors
19,062
4,371

Accruals and deferred income
197,035
404,171

591,059
781,515


Page 8

 
WHITECODE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,100 (2022 - 5,100) Ordinary A shares of £1.00 each
5,100
5,100
3,900 (2022 - 3,900) Ordinary B shares of £1.00 each
3,900
3,900
1,000 (2022 - 1,000) Ordinary C shares of £1.00 each
1,000
1,000

10,000

10,000


 
Page 9