Caseware UK (AP4) 2022.0.179 2022.0.179 22022-07-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12089599 2022-07-01 2023-06-30 12089599 2021-07-01 2022-06-30 12089599 2023-06-30 12089599 2022-06-30 12089599 c:Director1 2022-07-01 2023-06-30 12089599 d:FurnitureFittings 2022-07-01 2023-06-30 12089599 d:FurnitureFittings 2023-06-30 12089599 d:FurnitureFittings 2022-06-30 12089599 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12089599 d:OfficeEquipment 2022-07-01 2023-06-30 12089599 d:OfficeEquipment 2023-06-30 12089599 d:OfficeEquipment 2022-06-30 12089599 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12089599 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12089599 d:CurrentFinancialInstruments 2023-06-30 12089599 d:CurrentFinancialInstruments 2022-06-30 12089599 d:Non-currentFinancialInstruments 2023-06-30 12089599 d:Non-currentFinancialInstruments 2022-06-30 12089599 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12089599 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12089599 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12089599 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12089599 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12089599 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 12089599 d:RetainedEarningsAccumulatedLosses 2023-06-30 12089599 d:RetainedEarningsAccumulatedLosses 2022-06-30 12089599 c:OrdinaryShareClass1 2022-07-01 2023-06-30 12089599 c:OrdinaryShareClass1 2023-06-30 12089599 c:OrdinaryShareClass1 2022-06-30 12089599 c:FRS102 2022-07-01 2023-06-30 12089599 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12089599 c:FullAccounts 2022-07-01 2023-06-30 12089599 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12089599 2 2022-07-01 2023-06-30 12089599 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 12089599 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12089599










SPC TRAINING & CONSULTANCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the year ended 30 June 2023

 
SPC TRAINING & CONSULTANCY LIMITED
Registered number: 12089599

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,130
1,279

  
1,130
1,279

Current assets
  

Stocks
  
150
2,190

Debtors: amounts falling due within one year
 5 
82,900
59,600

Cash at bank and in hand
  
1,148
18,363

  
84,198
80,153

Creditors: amounts falling due within one year
 6 
(36,969)
(41,363)

Net current assets
  
 
 
47,229
 
 
38,790

Total assets less current liabilities
  
48,359
40,069

Creditors: amounts falling due after more than one year
 7 
(19,686)
(20,563)

Provisions for liabilities
  

Deferred tax
  
(283)
-

  
 
 
(283)
 
 
-

Net assets
  
28,390
19,506


Capital and reserves
  

Profit and loss account
  
28,390
19,506

  
28,390
19,506


Page 1

 
SPC TRAINING & CONSULTANCY LIMITED
Registered number: 12089599
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 30 June 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 by: 




Mrs J Verschuren
Director

Date: 29 January 2024

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

Page 2

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

1.


General information

SPC Training & Consultancy Limited, (registered number 12089599), is a privately owned company limited by shares and is incorporated in England & Wales. The registered office address is 17 Hele Close, Basingstoke, Hampshire, United Kingdom, RG21 3JF.

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.

 
2.5

Borrowing costs

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

Page 3

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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:

Fixtures and fittings
-
25% Straight-line method
Office equipment
-
25% Straight-line method

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

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
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
Page 5

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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.

 
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 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
384
2,454
2,838


Additions
707
-
707



At 30 June 2023

1,091
2,454
3,545



Depreciation


At 1 July 2022
138
1,420
1,558


Charge for the year on owned assets
243
614
857



At 30 June 2023

381
2,034
2,415



Net book value



At 30 June 2023
710
420
1,130



At 30 June 2022
245
1,034
1,279

Page 6

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,570
29,124

Amounts owed by joint ventures and associated undertakings
49,962
-

Other debtors
29,368
30,476

82,900
59,600



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,622
955

Corporation tax
17,812
23,855

Other taxation and social security
13,096
11,420

Other creditors
2,939
3,633

Accruals and deferred income
1,500
1,500

36,969
41,363



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,686
20,563

19,686
20,563


In June 2020 the company took on a government backed bounce back loan.  There are no fees or interest for the first 12 months.  The loan is typically paid back over 6 years. In December 2020 the company received a top up for this loan of £3,500.

Page 7

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
19,686
20,563


19,686
20,563





9.


Deferred taxation




2023


£






Charged to profit or loss
(283)



At end of year
(283)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(283)
-

(283)
-

Page 8

 
SPC TRAINING & CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary Shares shares of £0.01 each
-
-

'


 
Page 9