Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31truefalse2021-11-01No description of principal activity30true 08683607 2021-11-01 2023-03-31 08683607 2020-11-01 2021-10-31 08683607 2023-03-31 08683607 2021-10-31 08683607 2020-11-01 08683607 1 2021-11-01 2023-03-31 08683607 d:CompanySecretary1 2021-11-01 2023-03-31 08683607 d:Director1 2021-11-01 2023-03-31 08683607 d:Director2 2021-11-01 2023-03-31 08683607 d:RegisteredOffice 2021-11-01 2023-03-31 08683607 e:ComputerEquipment 2021-11-01 2023-03-31 08683607 e:ComputerEquipment 2023-03-31 08683607 e:ComputerEquipment 2021-10-31 08683607 e:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08683607 e:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-10-31 08683607 e:CurrentFinancialInstruments 2023-03-31 08683607 e:CurrentFinancialInstruments 2021-10-31 08683607 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 08683607 e:CurrentFinancialInstruments e:WithinOneYear 2021-10-31 08683607 e:ShareCapital 2023-03-31 08683607 e:ShareCapital 2021-10-31 08683607 e:ShareCapital 2020-11-01 08683607 e:OtherMiscellaneousReserve 2021-11-01 2023-03-31 08683607 e:OtherMiscellaneousReserve 2023-03-31 08683607 e:OtherMiscellaneousReserve 1 2021-11-01 2023-03-31 08683607 e:OtherMiscellaneousReserve 2021-10-31 08683607 e:OtherMiscellaneousReserve 2020-11-01 08683607 e:RetainedEarningsAccumulatedLosses 2021-11-01 2023-03-31 08683607 e:RetainedEarningsAccumulatedLosses 2023-03-31 08683607 e:RetainedEarningsAccumulatedLosses 1 2021-11-01 2023-03-31 08683607 e:RetainedEarningsAccumulatedLosses 2021-10-31 08683607 e:RetainedEarningsAccumulatedLosses 2020-11-01 08683607 d:OrdinaryShareClass1 2021-11-01 2023-03-31 08683607 d:OrdinaryShareClass1 2023-03-31 08683607 d:OrdinaryShareClass1 2021-10-31 08683607 d:FRS102 2021-11-01 2023-03-31 08683607 d:Audited 2021-11-01 2023-03-31 08683607 d:FullAccounts 2021-11-01 2023-03-31 08683607 d:PrivateLimitedCompanyLtd 2021-11-01 2023-03-31 08683607 d:SmallCompaniesRegimeForAccounts 2021-11-01 2023-03-31 08683607 e:DevelopmentCostsCapitalisedDevelopmentExpenditure e:ExternallyAcquiredIntangibleAssets 2021-11-01 2023-03-31 08683607 14 2021-11-01 2023-03-31 08683607 e:DevelopmentCostsCapitalisedDevelopmentExpenditure e:OwnedIntangibleAssets 2021-11-01 2023-03-31 08683607 f:PoundSterling 2021-11-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 08683607












RANGAM CONSULTANTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

 

RANGAM CONSULTANTS LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 12

 

RANGAM CONSULTANTS LIMITED
 
COMPANY INFORMATION


Directors
Hetal Parikh 
Nishith Parikh 




Company secretary
Hetal Parikh



Registered number
08683607



Registered office
International House
George Curl Way

Eastleigh

Hampshire

SO18 2RZ




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:08683607
RANGAM CONSULTANTS LIMITED

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 October
2023
2021
Note
£
£

Fixed assets
  

Intangible assets
 5 
91,005
-

Tangible assets
 6 
5,934
-

  
96,939
-

Current assets
  

Debtors: amounts falling due within one year
 7 
75,455
-

Cash at bank and in hand
  
702
1,000

  
76,157
1,000

Creditors: amounts falling due within one year
 8 
(18,607)
-

Net current assets
  
 
 
57,550
 
 
1,000

  

Net assets
  
154,489
1,000


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Other reserves
 10 
564,837
-

Profit and loss account
 10 
(411,348)
-

Total equity
  
154,489
1,000


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 profit and loss account 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: 




Nishith Parikh
Director

Date: 22 February 2024

The notes on pages 4 to 12 form part of these financial statements.
Page 2

 

RANGAM CONSULTANTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 November 2020
1,000
-
-
1,000



At 1 November 2021
1,000
-
-
1,000



Loss for the period
-
-
(411,348)
(411,348)

Capital contribution
-
564,837
-
564,837


At 31 March 2023
1,000
564,837
(411,348)
154,489


Page 3

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Rangam Consulting Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is International House, George Curl Way, Eastleigh, Hampshire, SO18 2RZ.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 
The company's financial period covers 17 month period from 1 November 2021 to 31 March 2023. The prior period financial statements were presented for a 12 month period from 1 November 2020 to 1 November 2021 and as such the presented comparatives are not directly comparable. 

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 judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

The company derives its revenue by supporting its parent's customers in the UK market by providing consulting services related diability hiring programs through its platform. Revenue is recognised to the extent services are rendered and it is probable that the company will receive the consideration due under the contract and the amount of revenue can be measured reliably. Revenue is measured as the fair value of the consideration received or receivable.

Page 4

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Sterling (£).

Transactions and balances

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.

 
2.5

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.

 
2.6

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:

Computer equipment
-
33%

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 5

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Internally generated intangible assets, excluding capitalised development costs, are not capitalised and expenditure is reflected in profit or loss in the year in which the expenditiure is incurred.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. Intangible assets with finite lives are amortised over the useful econcomic life and assessed for impairment (refer above). The amortisation period and the amortisation method for an intangible asset with a finit useful life is reviewed at least at each financial year end. Amortisation is calculated on a straight-line basis over five years being the estimated useful life of the asset. 

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without  penalty on notice of not more than 24 hours.

 
2.9

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
The company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Page 6

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 7

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
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.
 
 
2.11

Share capital

Ordinary shares are classified as equity.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the company's financial statements requires management, from time to time, to make judgement, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses at the end of the reporting period. These estimates and associated asumptions are based on experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. The esimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the priod which the estimates are revised and in any future periods affected.
Amortisation of intangible assets
The company assigns useful lives to intangible assets based on the parent company's past experience of the actual asset lives and the intended use of the asset. Changes in circumstances such as technological advances and prospective economic utilisation of the asset could result in the actual useful life differing from original estimates. 

Page 8

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021:nil).


5.


Intangible assets






Computer software

£



Cost


Additions
115,854



At 31 March 2023

115,854



Amortisation


Charge for the period
24,849



At 31 March 2023

24,849



Net book value



At 31 March 2023
91,005



At 31 October 2021
-



Page 9

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Tangible fixed assets







Computer equipment

£



Cost


Additions
5,934



At 31 March 2023

5,934






Net book value



At 31 March 2023
5,934



At 31 October 2021
-

Page 10

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Debtors

31 March
31 October
2023
2021
£
£


Amounts owed by group undertakings
66,667
-

Other debtor
8,788
-

75,455
-



8.


Creditors: Amounts falling due within one year

31 March
31 October
2023
2021
£
£

Accruals
18,607
-



9.


Share capital

31 March
31 October
2023
2021
£
£
Allotted, called up and fully paid



1,000 (2021 - 1,000) Ordinary shares of £1.00 each
1,000
1,000

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are
entitled to one vote per share at meetings of the company.


10.


Reserves

Other reserves

Other reserves comprise a capital contibution received from the parent company, which is not repayable.


11.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party
Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


12.


Parent undertaking

The smallest and largest group for which consolidated financial statements are drawn up and of which the company is a member is that headed by Rangam Consultants Inc., a company incorporated in the United States of America, the registered office of which is 270 Davidson Ave Ste 103, Somerset, NJ 08873.
Page 11

 

RANGAM CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

13.


Auditor's information

The auditor's report on the financial statements for the period ended 31 March 2023 was unqualified.

The audit report was signed on 23 February 2024 by Marc Levy FCA (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

 
Page 12