Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-01falsetruetrueNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10995225 2022-04-01 2023-03-31 10995225 2021-04-01 2022-03-31 10995225 2023-03-31 10995225 2022-03-31 10995225 c:Director1 2022-04-01 2023-03-31 10995225 c:Director2 2022-04-01 2023-03-31 10995225 c:RegisteredOffice 2022-04-01 2023-03-31 10995225 d:OfficeEquipment 2022-04-01 2023-03-31 10995225 d:OfficeEquipment 2023-03-31 10995225 d:OfficeEquipment 2022-03-31 10995225 d:CurrentFinancialInstruments 2023-03-31 10995225 d:CurrentFinancialInstruments 2022-03-31 10995225 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10995225 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10995225 d:ShareCapital 2023-03-31 10995225 d:ShareCapital 2022-03-31 10995225 d:RetainedEarningsAccumulatedLosses 2023-03-31 10995225 d:RetainedEarningsAccumulatedLosses 2022-03-31 10995225 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 10995225 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 10995225 c:FRS102 2022-04-01 2023-03-31 10995225 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10995225 c:FullAccounts 2022-04-01 2023-03-31 10995225 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 10995225

















Critical Associates Ltd
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 March 2023

 
Critical Associates Ltd
 
 
Company Information


Directors
Paul E Lee 
Karen J Feeney  




Registered number
10995225



Registered office
Brook House - G4
54a Cowley Mill Road

Uxbridge

UB8 2QE




Trading Address
215a Long Lane
Hillingdon

Uxbridge

UB10 9JW







 
Critical Associates Ltd
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
Critical Associates Ltd
Registered number:10995225

Statement of Financial Position
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

  
1
1

Current assets
  

Cash at bank and in hand
 5 
58
370

  
58
370

Creditors: amounts falling due within one year
 6 
(4,431)
(3,673)

Net current liabilities
  
 
 
(4,373)
 
 
(3,303)

Total assets less current liabilities
  
(4,372)
(3,302)

  

Net liabilities
  
(4,372)
(3,302)

Page 1

 
Critical Associates Ltd
Registered number:10995225
    
Statement of Financial Position (continued)
As at 31 March 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,472)
(3,402)

  
(4,372)
(3,302)


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 by: 




Paul E Lee
Director

Date: 20 February 2024

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

Page 2

 
Critical Associates Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

1.


General information

Critical Associates Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 10995225.
The registered office is Brook House - G4, 54a Cowley Mill Road, Uxbridge UB8 2QE and principal place of business is 215a Long Lane, Hillingdon, Uxbridge UB10 9JW.

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.

Page 3

 
Critical Associates Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

2.Accounting policies (continued)


2.3
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:

Office equipment
-
over 36 months

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
Critical Associates Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
991



At 31 March 2023

991



Depreciation


At 1 April 2022
990



At 31 March 2023

990



Net book value



At 31 March 2023
1



At 31 March 2022
1


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58
370



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
123
-

Other creditors
4,008
3,373

Accruals and deferred income
300
300

4,431
3,673


Page 5

 
Critical Associates Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 March 2023

7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
58
370



 
Page 6