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 2006.2023-01-01falseNo description of principal activity22falsetrue 03658410 2023-01-01 2023-12-31 03658410 2022-01-01 2022-12-31 03658410 2023-12-31 03658410 2022-12-31 03658410 c:Director1 2023-01-01 2023-12-31 03658410 d:FurnitureFittings 2023-01-01 2023-12-31 03658410 d:FurnitureFittings 2023-12-31 03658410 d:FurnitureFittings 2022-12-31 03658410 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03658410 d:ComputerEquipment 2023-01-01 2023-12-31 03658410 d:ComputerEquipment 2023-12-31 03658410 d:ComputerEquipment 2022-12-31 03658410 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03658410 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03658410 d:CurrentFinancialInstruments 2023-12-31 03658410 d:CurrentFinancialInstruments 2022-12-31 03658410 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03658410 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03658410 d:ShareCapital 2023-12-31 03658410 d:ShareCapital 2022-12-31 03658410 d:RetainedEarningsAccumulatedLosses 2023-12-31 03658410 d:RetainedEarningsAccumulatedLosses 2022-12-31 03658410 c:FRS102 2023-01-01 2023-12-31 03658410 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03658410 c:AbridgedAccounts 2023-01-01 2023-12-31 03658410 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03658410 2 2023-01-01 2023-12-31 03658410 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03658410









MENKUS AND ASSOCIATES, LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MENKUS AND ASSOCIATES, LTD.
REGISTERED NUMBER: 03658410

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
143
917

  
143
917

Current assets
  

Debtors
  
47,986
49,723

Cash at bank and in hand
  
137,674
187,221

  
185,660
236,944

Creditors: amounts falling due within one year
 6 
(68,424)
(99,515)

Net current assets
  
 
 
117,236
 
 
137,429

Net assets
  
117,379
138,346


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
107,379
128,346

  
117,379
138,346


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 his 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 16 April 2024.




B M Menkus
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MENKUS AND ASSOCIATES, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Menkus and Associates Ltd is a limited company incorporated in the UK and the registered office is 52 Bovingdon Road, London, SW6 2AP. The Company provides consultancy services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of 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:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the invoices rendered where it is probable the company will pay the consideration.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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.

Page 2

 
MENKUS AND ASSOCIATES, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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 & fittings
-
33%
straight line
Computer equipment
-
33%
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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

  
2.9

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
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 2 (2022 - 2).

Page 3

 
MENKUS AND ASSOCIATES, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
4,227
29,300
33,527



At 31 December 2023

4,227
29,300
33,527



Depreciation


At 1 January 2023
4,227
28,383
32,610


Charge for the year on owned assets
-
774
774



At 31 December 2023

4,227
29,157
33,384



Net book value



At 31 December 2023
-
143
143



At 31 December 2022
-
917
917


5.


Debtors

2023
2022
£
£


Other debtors
47,986
49,723

47,986
49,723



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
56,169
60,969

Other taxation and social security
4,084
32,456

Other creditors
4,671
2,590

Accruals and deferred income
3,500
3,500

68,424
99,515


Page 4

 
MENKUS AND ASSOCIATES, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Related party transactions

At the balance sheet date an amount of £47,986 (2022: £49,682) was owed by B Menkus, the director, to the company. 

 
Page 5