Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10115316 2023-05-01 2024-04-30 10115316 2022-05-01 2023-04-30 10115316 2024-04-30 10115316 2023-04-30 10115316 c:Director1 2023-05-01 2024-04-30 10115316 c:Director2 2023-05-01 2024-04-30 10115316 c:RegisteredOffice 2023-05-01 2024-04-30 10115316 d:MotorVehicles 2023-05-01 2024-04-30 10115316 d:MotorVehicles 2024-04-30 10115316 d:MotorVehicles 2023-04-30 10115316 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10115316 d:FurnitureFittings 2023-05-01 2024-04-30 10115316 d:FurnitureFittings 2024-04-30 10115316 d:FurnitureFittings 2023-04-30 10115316 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10115316 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10115316 d:CurrentFinancialInstruments 2024-04-30 10115316 d:CurrentFinancialInstruments 2023-04-30 10115316 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10115316 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10115316 d:ShareCapital 2024-04-30 10115316 d:ShareCapital 2023-04-30 10115316 d:RetainedEarningsAccumulatedLosses 2024-04-30 10115316 d:RetainedEarningsAccumulatedLosses 2023-04-30 10115316 c:FRS102 2023-05-01 2024-04-30 10115316 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10115316 c:FullAccounts 2023-05-01 2024-04-30 10115316 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10115316 2 2023-05-01 2024-04-30 10115316 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 10115316







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


STRUCTURE ASSOCIATES LTD






































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STRUCTURE ASSOCIATES LTD
 


 
COMPANY INFORMATION


Directors
T Clark 
M Clark 




Registered number
10115316



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


STRUCTURE ASSOCIATES LTD
REGISTERED NUMBER:10115316



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,610
43,220

  
31,610
43,220

Current assets
  

Debtors: amounts falling due within one year
 5 
145,582
10,827

Cash at bank and in hand
  
54,208
159,467

  
199,790
170,294

Creditors: amounts falling due within one year
 6 
(46,031)
(38,793)

Net current assets
  
 
 
153,759
 
 
131,501

Total assets less current liabilities
  
185,369
174,721

Provisions for liabilities
  

Deferred tax
  
(7,874)
(10,805)

  
 
 
(7,874)
 
 
(10,805)

Net assets
  
177,495
163,916

Page 1

 


STRUCTURE ASSOCIATES LTD
REGISTERED NUMBER:10115316


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
177,395
163,816

  
177,495
163,916


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: 




T Clark
Director

Date: 19 July 2024

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

Page 2

 


STRUCTURE ASSOCIATES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Structure Associates Ltd is a private company limited by shares incorporated in England and Wales. The trading address of the company is Marsh Farm, Marsh Road, Hayling Island, PO11 0QW.

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 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

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


STRUCTURE ASSOCIATES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
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:

Motor vehicles
-
25%
Straight line basis
Fixtures and fittings
-
25%
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.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 


STRUCTURE ASSOCIATES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

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

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 5

 


STRUCTURE ASSOCIATES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.9

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 4 (2023 - 4).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
50,000
6,443
56,443



At 30 April 2024

50,000
6,443
56,443



Depreciation


At 1 May 2023
10,000
3,223
13,223


Charge for the year on owned assets
10,000
1,610
11,610



At 30 April 2024

20,000
4,833
24,833



Net book value



At 30 April 2024
30,000
1,610
31,610



At 30 April 2023
40,000
3,220
43,220

Page 6

 


STRUCTURE ASSOCIATES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
116,983
-

Other debtors
28,599
10,827

145,582
10,827



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
41,183
30,048

Other creditors
1,348
5,245

Accruals and deferred income
3,500
3,500

46,031
38,793



7.


Related party transactions

At the year end date, included within other debtors, was a loan amounting to £Nil (2023 - £8,000) due from Florence Lane Flowers Limited, a company that have a common director. During the year a balance of £7,000 was written off as the companywas dissolved.

Page 7