Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-315true5The principal activity of the company during the year was the provision of pharmaceutical support staff and ancillary services.2022-04-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04354019 2022-04-01 2023-03-31 04354019 1 2022-04-01 2023-03-31 04354019 2021-04-01 2022-03-31 04354019 2023-03-31 04354019 2022-03-31 04354019 d:Director1 2022-04-01 2023-03-31 04354019 c:FurnitureFittings 2022-04-01 2023-03-31 04354019 c:FurnitureFittings 2023-03-31 04354019 c:FurnitureFittings 2022-03-31 04354019 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04354019 c:CurrentFinancialInstruments 2023-03-31 04354019 c:CurrentFinancialInstruments 2022-03-31 04354019 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 04354019 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 04354019 c:ShareCapital 2023-03-31 04354019 c:ShareCapital 2022-03-31 04354019 c:RetainedEarningsAccumulatedLosses 2023-03-31 04354019 c:RetainedEarningsAccumulatedLosses 2022-03-31 04354019 d:FRS102 2022-04-01 2023-03-31 04354019 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04354019 d:FullAccounts 2022-04-01 2023-03-31 04354019 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04354019










C P A S LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
C P A S LIMITED
REGISTERED NUMBER:04354019

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
33
44

Current assets
  

Debtors: amounts falling due within one year
 5 
220,461
224,511

Cash at bank and in hand
  
180
480

  
220,641
224,991

Creditors: amounts falling due within one year
 6 
(220,497)
(222,479)

Net current assets
  
 
 
144
 
 
2,512

  

Net assets
  
177
2,556


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
77
2,456

  
177
2,556


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.

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




Mr H Kumar
Director

Date: 31 January 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
C P A S LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

C P A S  Limited is a private company, limited by shares, registered in England and Wales. The registered office address is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

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 financial statements are presented in sterling which is the functional currency of the Company, rounded to the nearest £1. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The Company had net assets of £177 (2022: £2,556) at the balance sheet date. The directors have considered the going concern of the Company and the directors have agreed to support C P A S Limited for at least 12 months from the date of approval of the financial statements. The directors have considered whilst reviewing forecasts, budgets and assessing the potential future impact on the business. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

 
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, 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.

 
2.4

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 2

 
C P A S LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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 balance sheet 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 balance sheet 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 balance sheet date.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% Reducing Balance

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.

Page 3

 
C P A S LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
2.10

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.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
C P A S LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2022
10,478



At 31 March 2023

10,478



Depreciation


At 1 April 2022
10,434


Charge for the year
11



At 31 March 2023

10,445



Net book value



At 31 March 2023
33



At 31 March 2022
44


5.


Debtors

2023
2022
£
£


Other debtors
220,461
224,511



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
214,900
210,900

Corporation tax
1,915
1,796

Other taxation and social security
969
966

Other creditors
2,713
8,817

220,497
222,479



7.


Ultimate parent company

The ultimate parent company is C P A S Holdings Limited

Page 5

 
C P A S LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Ultimate controlling party

The ultimate controlling parties throughout the current and prior year are the directors, Mr H Kumar and Mrs L Kumar, by virtue of their controlling interest in the parent company. 

 
Page 6