Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01No description of principal activity45truetrue 7302354 2023-01-01 2023-12-31 7302354 2022-01-01 2022-12-31 7302354 2023-12-31 7302354 2022-12-31 7302354 c:Director2 2023-01-01 2023-12-31 7302354 c:Director3 2023-01-01 2023-12-31 7302354 c:RegisteredOffice 2023-01-01 2023-12-31 7302354 d:OfficeEquipment 2023-01-01 2023-12-31 7302354 d:OfficeEquipment 2023-12-31 7302354 d:OfficeEquipment 2022-12-31 7302354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 7302354 d:Goodwill 2023-12-31 7302354 d:Goodwill 2022-12-31 7302354 d:CurrentFinancialInstruments 2023-12-31 7302354 d:CurrentFinancialInstruments 2022-12-31 7302354 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 7302354 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 7302354 d:ShareCapital 2023-12-31 7302354 d:ShareCapital 2022-12-31 7302354 d:RetainedEarningsAccumulatedLosses 2023-12-31 7302354 d:RetainedEarningsAccumulatedLosses 2022-12-31 7302354 c:OrdinaryShareClass1 2023-01-01 2023-12-31 7302354 c:OrdinaryShareClass1 2023-12-31 7302354 c:OrdinaryShareClass1 2022-12-31 7302354 c:OrdinaryShareClass2 2023-01-01 2023-12-31 7302354 c:OrdinaryShareClass2 2023-12-31 7302354 c:FRS102 2023-01-01 2023-12-31 7302354 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 7302354 c:FullAccounts 2023-01-01 2023-12-31 7302354 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 7302354 d:WithinOneYear 2023-12-31 7302354 d:WithinOneYear 2022-12-31 7302354 d:BetweenOneFiveYears 2023-12-31 7302354 d:BetweenOneFiveYears 2022-12-31 7302354 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 7302354







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


EDWARDS GIBSON LIMITED






































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EDWARDS GIBSON LIMITED
 


 
COMPANY INFORMATION


Directors
S W Gibson 
S H Poulton 




Registered number
7302354



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
71-73 Carter Lane

London

EC4V 5EQ






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


EDWARDS GIBSON LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 7


 


EDWARDS GIBSON LIMITED
REGISTERED NUMBER:7302354



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,705
5,938

  
6,705
5,938

Current assets
  

Debtors: amounts falling due within one year
 6 
122,430
51,292

Cash at bank and in hand
  
2,016,049
2,071,554

  
2,138,479
2,122,846

Creditors: amounts falling due within one year
 7 
(1,122,360)
(1,390,683)

Net current assets
  
 
 
1,016,119
 
 
732,163

Total assets less current liabilities
  
1,022,824
738,101

  

Net assets
  
1,022,824
738,101


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,022,724
738,001

  
1,022,824
738,101


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 on 8 March 2024.


S W Gibson
Director

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

Page 1

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Edwards Gibson Limited is a private company limited by shares incorporated in England and Wales, company registration number 7302354. The address of the registered office is disclosed on the company information page.

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

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.

The estimated useful lives range as follows:

Equipment
-
4
years 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.

Page 2

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Operating leases: the Company as lessee

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

 
2.7

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.

 
2.8

Interest income

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

Page 3

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).

Page 4

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
125,881



At 31 December 2023

125,881



Amortisation


At 1 January 2023
125,881



At 31 December 2023

125,881



Net book value



At 31 December 2023
-



At 31 December 2022
-




5.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 January 2023
38,353


Additions
3,490



At 31 December 2023

41,843



Depreciation


At 1 January 2023
32,415


Charge for the year on owned assets
2,723



At 31 December 2023

35,138



Net book value



At 31 December 2023
6,705



At 31 December 2022
5,938

Page 5

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
74,250
-

Other debtors
26,396
27,817

Prepayments and accrued income
19,723
22,950

Deferred taxation
2,061
525

122,430
51,292



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
660

Corporation tax
321,601
172,157

Other taxation and social security
33,605
12,189

Other creditors
425,713
952,649

Accruals and deferred income
341,441
253,028

1,122,360
1,390,683



8.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



30 (2022 - 100) Ordinary A shares of £1 each
30
100
70 Ordinary shares of £1 each
70
-

100

100

Page 6

 


EDWARDS GIBSON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Less than 1 year
54,600
57,200

Later than 1 year and not later than 5 years
-
54,600

54,600
111,800


10.


Related party transactions

At the balance sheet date there is a balance owed to the director S W Gibson and a close family member totalling £452,713 (2022 - £952,649). The loan has been provided interest free and is repayable on demand. 

 
Page 7