Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3142022-04-01falsefalseNo description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07811088 2022-04-01 2023-03-31 07811088 2021-04-01 2022-03-31 07811088 2023-03-31 07811088 2022-03-31 07811088 c:Director1 2022-04-01 2023-03-31 07811088 c:Director2 2022-04-01 2023-03-31 07811088 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 07811088 d:Buildings d:LongLeaseholdAssets 2023-03-31 07811088 d:Buildings d:LongLeaseholdAssets 2022-03-31 07811088 d:MotorVehicles 2022-04-01 2023-03-31 07811088 d:MotorVehicles 2023-03-31 07811088 d:MotorVehicles 2022-03-31 07811088 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07811088 d:OfficeEquipment 2022-04-01 2023-03-31 07811088 d:OfficeEquipment 2023-03-31 07811088 d:OfficeEquipment 2022-03-31 07811088 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07811088 d:ComputerEquipment 2022-04-01 2023-03-31 07811088 d:ComputerEquipment 2023-03-31 07811088 d:ComputerEquipment 2022-03-31 07811088 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07811088 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07811088 d:CurrentFinancialInstruments 2023-03-31 07811088 d:CurrentFinancialInstruments 2022-03-31 07811088 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07811088 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07811088 d:ShareCapital 2023-03-31 07811088 d:ShareCapital 2022-03-31 07811088 d:RetainedEarningsAccumulatedLosses 2023-03-31 07811088 d:RetainedEarningsAccumulatedLosses 2022-03-31 07811088 c:FRS102 2022-04-01 2023-03-31 07811088 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07811088 c:FullAccounts 2022-04-01 2023-03-31 07811088 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07811088 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07811088









CORE CBS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CORE CBS LIMITED
REGISTERED NUMBER: 07811088

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
147,965
32,699

  
147,965
32,699

Current assets
  

Debtors: amounts falling due within one year
 5 
267,088
140,244

Cash at bank and in hand
  
282,725
341,880

  
549,813
482,124

Creditors: amounts falling due within one year
 7 
(89,553)
(108,624)

Net current assets
  
 
 
460,260
 
 
373,500

Total assets less current liabilities
  
608,225
406,199

  

Net assets
  
608,225
406,199


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
608,223
406,197

  
608,225
406,199


Page 1

 
CORE CBS LIMITED
REGISTERED NUMBER: 07811088
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 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.




G P Bayliss
C L Charlton
Director
Director

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

Page 2

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

1.


General information

Core CBS Limited is a private company limited by shares and registered in England & Wales. The address of its registered office/principal place of business is 10 Hill Avenue, Amersham, England, HP6 5BW.

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

Interest income

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

 
2.4

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

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

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:

Long-term leasehold property
-
Motor vehicles
-
25%
Office equipment
-
20%
Computer equipment
-
33%

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. 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

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

2.Accounting policies (continued)

 
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. 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.

 
2.10

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.

 
2.11

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, loans to related parties and investments in ordinary shares.

 
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 4 (2022 - 4).

Page 5

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

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
21,321
-
24,669
36,007
81,997


Additions
-
129,575
-
6,027
135,602



At 31 March 2023

21,321
129,575
24,669
42,034
217,599



Depreciation


At 1 April 2022
8,528
-
18,202
22,568
49,298


Charge for the year on owned assets
4,264
6,740
2,107
7,225
20,336



At 31 March 2023

12,792
6,740
20,309
29,793
69,634



Net book value



At 31 March 2023
8,529
122,835
4,360
12,241
147,965



At 31 March 2022
12,793
-
6,467
13,439
32,699


5.


Debtors

2023
2022
£
£


Trade debtors
264,749
139,508

Other debtors
687
736

Prepayments and accrued income
1,652
-

267,088
140,244


Page 6

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

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
282,725
341,880

282,725
341,880



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
(1,123)
(1,107)

Corporation tax
61,938
52,551

Other taxation and social security
22,758
55,427

Other creditors
2,980
1,308

Accruals and deferred income
3,000
445

89,553
108,624


 
Page 7