Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01No description of principal activity1515truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01816015 2022-07-01 2023-06-30 01816015 2021-07-01 2022-06-30 01816015 2023-06-30 01816015 2022-06-30 01816015 c:Director1 2022-07-01 2023-06-30 01816015 d:FurnitureFittings 2022-07-01 2023-06-30 01816015 d:FurnitureFittings 2023-06-30 01816015 d:FurnitureFittings 2022-06-30 01816015 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01816015 d:OfficeEquipment 2022-07-01 2023-06-30 01816015 d:OfficeEquipment 2023-06-30 01816015 d:OfficeEquipment 2022-06-30 01816015 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01816015 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01816015 d:CurrentFinancialInstruments 2023-06-30 01816015 d:CurrentFinancialInstruments 2022-06-30 01816015 d:Non-currentFinancialInstruments 2023-06-30 01816015 d:Non-currentFinancialInstruments 2022-06-30 01816015 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01816015 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 01816015 d:ShareCapital 2023-06-30 01816015 d:ShareCapital 2022-06-30 01816015 d:SharePremium 2023-06-30 01816015 d:SharePremium 2022-06-30 01816015 d:RetainedEarningsAccumulatedLosses 2023-06-30 01816015 d:RetainedEarningsAccumulatedLosses 2022-06-30 01816015 c:OrdinaryShareClass1 2022-07-01 2023-06-30 01816015 c:OrdinaryShareClass1 2023-06-30 01816015 c:OrdinaryShareClass1 2022-06-30 01816015 c:FRS102 2022-07-01 2023-06-30 01816015 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01816015 c:FullAccounts 2022-07-01 2023-06-30 01816015 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01816015 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 01816015 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 01816015 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 01816015 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 01816015 2 2022-07-01 2023-06-30 01816015 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01816015 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 01816015 d:OtherDeferredTax 2023-06-30 01816015 d:OtherDeferredTax 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01816015










CHURCH INTERNATIONAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CHURCH INTERNATIONAL LIMITED
REGISTERED NUMBER: 01816015

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
3,540
6,267

Current assets
  

Debtors: amounts falling due after more than one year
 7 
19,708
22,708

Debtors: amounts falling due within one year
 7 
1,469,448
1,909,113

Cash at bank and in hand
  
853,203
602,922

  
2,342,359
2,534,743

Creditors: amounts falling due within one year
 8 
(986,651)
(831,989)

Net current assets
  
 
 
1,355,708
 
 
1,702,754

Total assets less current liabilities
  
1,359,248
1,709,021

Provisions for liabilities
  

Deferred tax
 10 
(689)
(1,061)

  
 
 
(689)
 
 
(1,061)

Net assets
  
1,358,559
1,707,960


Capital and reserves
  

Called up share capital 
 11 
9,998
9,998

Share premium account
  
525
525

Profit and loss account
  
1,348,036
1,697,437

  
1,358,559
1,707,960


Page 1

 
CHURCH INTERNATIONAL LIMITED
REGISTERED NUMBER: 01816015
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 by: 




C D Andrews
Director

Date: 29 February 2024

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

Page 2

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Church International Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 1 Tolherst Court, Turkey Mill, Ashford Road, Maidstone, Kent, ME14 5SF. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. No material uncertainties
that may cast significant doubt about the ability of the company to continue as a going concern have
been identified by the director.

 
2.3

Foreign currency translation

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 the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'administration expenses'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

 
2.4

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Contract work income is recognised when the service has been provided by the contractor. Fee income and commissions are recognised once the placement has taken place.

Page 3

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.7

Interest income

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

 
2.8

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.

Page 4

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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 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.

 
2.10

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
-
15%
on cost
Office equipment
-
15%
on cost

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.

 
2.11

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 5

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 15).


5.


Taxation

The tax credit of £11,077 (2022: tax charge of £14,836) comprises the reduction in the deferred tax provision of £372 (2022: £1,978) and income from a group member of £10,705 (2022: payment to a fellow subsidary of £16,814) for losses surrendered.

Page 6

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
71,648
20,572
92,220


Additions
-
906
906


Disposals
-
(5,972)
(5,972)



At 30 June 2023

71,648
15,506
87,154



Depreciation


At 1 July 2022
68,116
17,837
85,953


Charge for the year on owned assets
2,788
605
3,393


Disposals
-
(5,732)
(5,732)



At 30 June 2023

70,904
12,710
83,614



Net book value



At 30 June 2023
744
2,796
3,540



At 30 June 2022
3,532
2,735
6,267

Page 7

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
19,708
22,708


2023
2022
£
£

Due within one year

Trade debtors
1,142,207
1,140,180

Amounts owed by group undertakings
175,188
688,657

Other debtors
110,232
39,720

Prepayments and accrued income
41,821
40,556

1,469,448
1,909,113



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
863,045
686,143

Amounts owed to group undertakings
16,509
-

Other taxation and social security
23,097
25,628

Other creditors
74,590
112,458

Accruals and deferred income
9,410
7,760

986,651
831,989



9.


Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:


2023
2022
£
£


Within one year
53,276
53,130

Between 1-5 years
92,141
145,416

145,417
198,546

Page 8

 
CHURCH INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Deferred taxation




2023


£






At beginning of year
(1,061)


Charged to profit or loss
372



At end of year
(689)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(885)
(1,308)

Short-term timing differences
196
247


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9,998 (2022 - 9,998) Ordinary shares of £1.00 each
9,998
9,998



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,979 (2022 - £9,021). Contributions totalling £4,237 (2022 - £1,730) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9