Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falsefalseNo description of principal activity76trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07789203 2022-07-01 2023-06-30 07789203 2021-07-01 2022-06-30 07789203 2023-06-30 07789203 2022-06-30 07789203 c:Director2 2022-07-01 2023-06-30 07789203 d:FurnitureFittings 2022-07-01 2023-06-30 07789203 d:FurnitureFittings 2023-06-30 07789203 d:FurnitureFittings 2022-06-30 07789203 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07789203 d:ComputerEquipment 2022-07-01 2023-06-30 07789203 d:ComputerEquipment 2023-06-30 07789203 d:ComputerEquipment 2022-06-30 07789203 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07789203 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07789203 d:CurrentFinancialInstruments 2023-06-30 07789203 d:CurrentFinancialInstruments 2022-06-30 07789203 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07789203 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07789203 d:ShareCapital 2023-06-30 07789203 d:ShareCapital 2022-06-30 07789203 d:RetainedEarningsAccumulatedLosses 2023-06-30 07789203 d:RetainedEarningsAccumulatedLosses 2022-06-30 07789203 c:FRS102 2022-07-01 2023-06-30 07789203 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07789203 c:FullAccounts 2022-07-01 2023-06-30 07789203 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07789203 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07789203









KONCISE SOLUTIONS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
KONCISE SOLUTIONS LIMITED
REGISTERED NUMBER: 07789203

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,812
1,390

  
11,812
1,390

Current assets
  

Debtors: amounts falling due within one year
 5 
698,873
331,385

Cash at bank and in hand
 6 
432,246
629,948

  
1,131,119
961,333

Creditors: amounts falling due within one year
 7 
(777,957)
(563,432)

Net current assets
  
 
 
353,162
 
 
397,901

Total assets less current liabilities
  
364,974
399,291

  

Net assets
  
364,974
399,291


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
364,874
399,191

  
364,974
399,291


Page 1

 
KONCISE SOLUTIONS LIMITED
REGISTERED NUMBER: 07789203
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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: 




................................................
B Konopinski
Director

Date: 11 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KONCISE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Koncise Solutions Limited is a private company limited by shares. The company is incorporated in England, Wales and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered company number is 07789203.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
KONCISE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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:

Fixtures and fittings
-
25% reducing balance basis
Computer equipment
-
3 year straight line basis

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 4

 
KONCISE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 7 (2022 - 6).

Page 5

 
KONCISE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
2,745
1,623
4,368


Additions
14,411
223
14,634



At 30 June 2023

17,156
1,846
19,002



Depreciation


At 1 July 2022
1,605
1,373
2,978


Charge for the year on owned assets
3,888
324
4,212



At 30 June 2023

5,493
1,697
7,190



Net book value



At 30 June 2023
11,663
149
11,812



At 30 June 2022
1,140
250
1,390


5.


Debtors

2023
2022
£
£


Trade debtors
486,497
320,226

Other debtors
212,167
7,670

Prepayments and accrued income
209
3,489

698,873
331,385



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
432,246
629,948

432,246
629,948


Page 6

 
KONCISE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
394,217
238,802

Corporation tax
33,684
68,086

Other taxation and social security
86,351
50,644

Other creditors
215,294
202,914

Accruals and deferred income
48,411
2,986

777,957
563,432


 
Page 7