Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-07-01falseNo description of principal activity518truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06519396 2021-07-01 2022-12-31 06519396 2020-07-01 2021-06-30 06519396 2022-12-31 06519396 2021-06-30 06519396 1 2021-07-01 2022-12-31 06519396 d:Director1 2021-07-01 2022-12-31 06519396 d:Director2 2021-07-01 2022-12-31 06519396 d:Director3 2021-07-01 2022-12-31 06519396 d:Director4 2021-07-01 2022-12-31 06519396 d:RegisteredOffice 2021-07-01 2022-12-31 06519396 c:Buildings c:ShortLeaseholdAssets 2021-07-01 2022-12-31 06519396 c:Buildings c:ShortLeaseholdAssets 2022-12-31 06519396 c:Buildings c:ShortLeaseholdAssets 2021-06-30 06519396 c:FurnitureFittings 2021-07-01 2022-12-31 06519396 c:FurnitureFittings 2022-12-31 06519396 c:FurnitureFittings 2021-06-30 06519396 c:FurnitureFittings c:OwnedOrFreeholdAssets 2021-07-01 2022-12-31 06519396 c:OwnedOrFreeholdAssets 2021-07-01 2022-12-31 06519396 c:CurrentFinancialInstruments 2022-12-31 06519396 c:CurrentFinancialInstruments 2021-06-30 06519396 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 06519396 c:CurrentFinancialInstruments c:WithinOneYear 2021-06-30 06519396 c:ShareCapital 2022-12-31 06519396 c:ShareCapital 2021-06-30 06519396 c:RetainedEarningsAccumulatedLosses 2022-12-31 06519396 c:RetainedEarningsAccumulatedLosses 2021-06-30 06519396 d:FRS102 2021-07-01 2022-12-31 06519396 d:Audited 2021-07-01 2022-12-31 06519396 d:FullAccounts 2021-07-01 2022-12-31 06519396 d:PrivateLimitedCompanyLtd 2021-07-01 2022-12-31 06519396 d:SmallCompaniesRegimeForAccounts 2021-07-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 06519396 (England and Wales)














DOCSCORP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022


 
DOCSCORP LIMITED
 

 
COMPANY INFORMATION


Directors
M Chamberlain 
K J Milliner 
L R O'Brien 
I Warren 




Registered number
06519396



Registered office
1 Princeton Mews
167-169 London Road

Kingston Upon Thames

Surrey

United Kingdom

KT2 6PT




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited






 
DOCSCORP LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7



 
DOCSCORP LIMITED
REGISTERED NUMBER:06519396


BALANCE SHEET
AS AT 31 DECEMBER 2022

31 December
30 June
2022
2021
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
7,824
21,436

  
7,824
21,436

Current assets
  

Debtors due within one year
 5 
2,791,543
4,772,047

Cash at bank and in hand
  
-
278,666

  
2,791,543
5,050,713

Creditors: amounts falling due within one year
 6 
(766,687)
(4,852,410)

Net current assets
  
 
 
2,024,856
 
 
198,303

Total assets less current liabilities
  
2,032,680
219,739

  

Net assets
  
2,032,680
219,739


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,031,680
218,739

  
2,032,680
219,739


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: 

M Chamberlain
Director

Date: 12 February 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.Accounting policies

 
1.1

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.

This is a long accounting period covering 18 months as the directors elected to align the accounting period with group requirements. Therefore the prior period accounts are not entirely comparable.

The following principal accounting policies have been applied:

 
1.2

Going concern

The directors have considered the strategic importance of the Company and as such are currently undertaking a restructuring process for the wider group. They expect to voluntarily dissolve the Company in the near future.
For this reason, the financial statements are prepared on a basis other than going concern.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 2


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.4

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.

Intercompany turnover is recognised on a 4% operating profit margin arrangement, in line with the intercompany service agreement with the parent company. 

 
1.5

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.

 
1.6

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 profit or loss 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.

 
1.7

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.

Page 3


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold improvements
-
25%
Fixtures and fittings
-
25%

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.

 
1.9

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.11

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Page 4


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.
In their report, the auditors emphasised the following matter without qualifying their report: 
We draw attention to note 1.2 of the financial statements which explains that the directors are undertaking a group restructuring process and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 12 February 2024 by Dominic King ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.


3.


Employees

The average monthly number of employees during the period was 5 (2021 - 18).

Page 5


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Tangible fixed assets







Short-term leasehold improvements
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2021
35,010
124,265
159,275


Additions
-
811
811


Disposals
(35,010)
(58,749)
(93,759)



At 31 December 2022

-
66,327
66,327



Depreciation


At 1 July 2021
32,676
105,164
137,840


Charge for the period on owned assets
2,334
13,088
15,422


Disposals
(35,010)
(59,749)
(94,759)



At 31 December 2022

-
58,503
58,503



Net book value



At 31 December 2022
-
7,824
7,824



At 30 June 2021
2,334
19,101
21,435


5.


Debtors

31 December
30 June
2022
2021
£
£



Trade debtors
56,290
1,421,669

Amounts owed by group undertakings
2,733,012
3,173,655

Other debtors
111
52,515

Prepayments and accrued income
2,130
124,208

2,791,543
4,772,047


Page 6


 
DOCSCORP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

31 December
30 June
2022
2021
£
£

Trade creditors
70,879
23,452

Amounts owed to group undertakings
-
120

Corporation tax
189,113
-

Other taxation and social security
-
252,200

Other creditors
54,515
35,010

Accruals and deferred income
452,180
4,541,628

766,687
4,852,410



7.


Controlling party

Docscorp Group Pty Ltd is the parent of the smallest group for which consolidated financial statement are drawn up of which the Company is a member. The registered office of the parent company is 66 Clarence Street, Sydney, NSW 2000, Australia.


8.


Post balance sheet events

Except for the decisions described at not 1.2 to these financial statements, there were no other adjusting or non-adjusting post balance sheet events occurring between the end of the reporting period and the date these financial statements were approved.

 
Page 7