Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31true2022-06-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11352334 2022-06-01 2023-05-31 11352334 2021-06-01 2022-05-31 11352334 2023-05-31 11352334 2022-05-31 11352334 c:Director1 2022-06-01 2023-05-31 11352334 d:OfficeEquipment 2022-06-01 2023-05-31 11352334 d:OfficeEquipment 2023-05-31 11352334 d:OfficeEquipment 2022-05-31 11352334 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11352334 d:CurrentFinancialInstruments 2023-05-31 11352334 d:CurrentFinancialInstruments 2022-05-31 11352334 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11352334 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11352334 d:ShareCapital 2023-05-31 11352334 d:ShareCapital 2022-05-31 11352334 d:RetainedEarningsAccumulatedLosses 2023-05-31 11352334 d:RetainedEarningsAccumulatedLosses 2022-05-31 11352334 c:OrdinaryShareClass1 2022-06-01 2023-05-31 11352334 c:OrdinaryShareClass1 2023-05-31 11352334 c:OrdinaryShareClass1 2022-05-31 11352334 c:FRS102 2022-06-01 2023-05-31 11352334 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11352334 c:FullAccounts 2022-06-01 2023-05-31 11352334 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11352334 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11352334










WHITEFIELD ASSOCIATES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
WHITEFIELD ASSOCIATES LIMITED
REGISTERED NUMBER: 11352334

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
534
519

  
534
519

Current assets
  

Debtors: amounts falling due within one year
 5 
18,993
8,358

Cash at bank and in hand
 6 
36,785
25,071

  
55,778
33,429

Creditors: amounts falling due within one year
 7 
(33,313)
(22,962)

Net current assets
  
 
 
22,465
 
 
10,467

Total assets less current liabilities
  
22,999
10,986

  

Net assets
  
22,999
10,986


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
22,998
10,985

  
22,999
10,986


Page 1

 
WHITEFIELD ASSOCIATES LIMITED
REGISTERED NUMBER: 11352334
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

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 her 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 19 December 2023.




L Robson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WHITEFIELD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Whitefield Associates Limited is a company domiciled in England & Wales. Registration number 11352334. The registered office is Lancasters, Manor Courtyard, Aston Sandford, Bucks, HP17 8JB.

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

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.

Page 3

 
WHITEFIELD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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 reporting date in the countries where the Company operates and generates income.

 
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, as follows:.

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.

 
2.7

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.

Page 4

 
WHITEFIELD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
2,070


Additions
578



At 31 May 2023

2,648



Depreciation


At 1 June 2022
1,551


Charge for the year on owned assets
563



At 31 May 2023

2,114



Net book value



At 31 May 2023
534



At 31 May 2022
519

Page 5

 
WHITEFIELD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
13,662
6,310

Other debtors
5,331
2,048

18,993
8,358


Included within other debtors due within one year is a loan to L Robson, a director, amounting to £5,331 (2022 - £2048).




6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,785
25,071

36,785
25,071



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
21,655
16,616

Other taxation and social security
11,658
6,346

33,313
22,962



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6