Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3042022-05-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05462228 2022-05-01 2023-04-30 05462228 2021-05-01 2022-04-30 05462228 2023-04-30 05462228 2022-04-30 05462228 c:Director1 2022-05-01 2023-04-30 05462228 d:MotorVehicles 2022-05-01 2023-04-30 05462228 d:MotorVehicles 2023-04-30 05462228 d:MotorVehicles 2022-04-30 05462228 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05462228 d:OfficeEquipment 2022-05-01 2023-04-30 05462228 d:OfficeEquipment 2023-04-30 05462228 d:OfficeEquipment 2022-04-30 05462228 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05462228 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05462228 d:CurrentFinancialInstruments 2023-04-30 05462228 d:CurrentFinancialInstruments 2022-04-30 05462228 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05462228 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 05462228 d:ShareCapital 2023-04-30 05462228 d:ShareCapital 2022-04-30 05462228 d:RetainedEarningsAccumulatedLosses 2023-04-30 05462228 d:RetainedEarningsAccumulatedLosses 2022-04-30 05462228 c:FRS102 2022-05-01 2023-04-30 05462228 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 05462228 c:FullAccounts 2022-05-01 2023-04-30 05462228 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05462228 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 05462228









GROUNDTRUTH CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
GROUNDTRUTH CONSULTING LIMITED
REGISTERED NUMBER: 05462228

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,833
25,358

  
22,833
25,358

Current assets
  

Debtors: amounts falling due within one year
 5 
20,585
19,396

Cash at bank and in hand
 6 
160,207
138,031

  
180,792
157,427

Creditors: amounts falling due within one year
 7 
(24,596)
(19,431)

Net current assets
  
 
 
156,196
 
 
137,996

Total assets less current liabilities
  
179,029
163,354

  

Net assets
  
179,029
163,354


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
179,028
163,353

  
179,029
163,354


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 on 12 July 2023.


Page 1

 
GROUNDTRUTH CONSULTING LIMITED
REGISTERED NUMBER: 05462228
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023



Alan Gordon Marriott
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GROUNDTRUTH CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The company is a private limited company. incorporated in the United Kingdom and registered in England and Wales. The company.s registered address is The Granary, Pippingford Park, Nutley, Uckfield, TN22 3HW..

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

Interest income

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

 
2.4

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 3

 
GROUNDTRUTH CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
reducing balance
Office equipment
-
20%
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.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

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

Page 4

 
GROUNDTRUTH CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
90,807
59,931
150,738


Additions
-
3,635
3,635



At 30 April 2023

90,807
63,566
154,373



Depreciation


At 1 May 2022
77,097
48,282
125,379


Charge for the year on owned assets
3,103
3,057
6,160



At 30 April 2023

80,200
51,339
131,539



Net book value



At 30 April 2023
10,607
12,227
22,834



At 30 April 2022
13,709
11,649
25,358


5.


Debtors

2023
2022
£
£


Trade debtors
3,600
3,720

Other debtors
-
3,700

Prepayments and accrued income
16,985
11,976

20,585
19,396



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
160,207
138,031

160,207
138,031


Page 5

 
GROUNDTRUTH CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,320
821

Other taxation and social security
22,188
17,630

Accruals and deferred income
1,088
980

24,596
19,431


 
Page 6