Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31No description of principal activity22022-11-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08272086 2022-11-01 2023-10-31 08272086 2021-11-01 2022-10-31 08272086 2022-10-31 08272086 c:Director1 2022-11-01 2023-10-31 08272086 d:FurnitureFittings 2022-11-01 2023-10-31 08272086 d:FurnitureFittings 2023-10-31 08272086 d:FurnitureFittings 2022-10-31 08272086 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08272086 d:OfficeEquipment 2022-11-01 2023-10-31 08272086 d:OfficeEquipment 2023-10-31 08272086 d:OfficeEquipment 2022-10-31 08272086 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08272086 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08272086 d:CurrentFinancialInstruments 2023-10-31 08272086 d:CurrentFinancialInstruments 2022-10-31 08272086 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08272086 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08272086 d:ShareCapital 2023-10-31 08272086 d:ShareCapital 2022-10-31 08272086 d:RetainedEarningsAccumulatedLosses 2023-10-31 08272086 d:RetainedEarningsAccumulatedLosses 2022-10-31 08272086 c:FRS102 2022-11-01 2023-10-31 08272086 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08272086 c:FullAccounts 2022-11-01 2023-10-31 08272086 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08272086 6 2022-11-01 2023-10-31 08272086 2023-10-31 08272086 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 08272086


KCK CONSULT LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
KCK CONSULT LTD
REGISTERED NUMBER: 08272086

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,850
2,713

Investments
 6 
-
5,000

  
2,850
7,713

Current assets
  

Debtors: amounts falling due within one year
 7 
51,176
68,698

Cash at bank and in hand
 8 
2,272
67,143

  
53,448
135,841

Creditors: amounts falling due within one year
 9 
(51,948)
(80,445)

Net current assets
  
 
 
1,500
 
 
55,396

Total assets less current liabilities
  
4,350
63,109

  

Net assets
  
4,350
63,109


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,349
63,108

  
4,350
63,109


Page 1

 
KCK CONSULT LTD
REGISTERED NUMBER: 08272086
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers 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 director acknowledges his 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  




................................................
Konstantin Krebs
Director

Date: 31 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

KCK Consult Ltd is a company limited by shares that is incorporated in England and Wales. The company number is 08272086 and has a registered office of 167-169 Great Portland Street, London, W1W 5PF. The principle activity is management consultancy.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The Company contributes into 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.

 
2.5

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.

 
2.6

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.

Page 4

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.6
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:

Fixtures and fittings
-
25%
Straight-line method
Office equipment
-
25%
Straight-line method

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

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 5

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.12

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.

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.

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.

 
2.13

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.

Page 6

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employee
1
1



Director
1
1

2
2


4.


Exceptional items

2023
2022
£
£


Investment written off
5,000
-

5,000
-

The above exceptional item relates to a £5,000 unlisted investment in a company based on the Isle of Man being written off in February 2023 due to the company being liquidated. 

Page 7

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
2,620
339
2,959


Additions
-
1,108
1,108



At 31 October 2023

2,620
1,447
4,067



Depreciation


At 1 November 2022
218
28
246


Charge for the year on owned assets
655
316
971



At 31 October 2023

873
344
1,217



Net book value



At 31 October 2023
1,747
1,103
2,850



At 31 October 2022
2,402
311
2,713


6.


Fixed asset investments





Unlisted investments

£





At 1 November 2022
5,000


Amounts written off
(5,000)



At 31 October 2023
-




Page 8

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Debtors

2023
2022
£
£


Other debtors
48,276
68,698

Prepayments and accrued income
2,900
-

51,176
68,698



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,272
67,143

2,272
67,143



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,260
51,118

Corporation tax
3,159
2,379

Other taxation and social security
-
2,095

Other creditors
31,979
22,503

Accruals and deferred income
15,550
2,350

51,948
80,445



10.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £352 (2022: £533). Contributions totaling £nil (2022: £113) were payable to the fund at the balance sheet date.

Page 9

 
KCK CONSULT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

11.


Related party transactions

During the year, KCK Consult Ltd raised invoices totaling £13,895 (2022: £10,527) and also paid invoices totalling £nil (2022: £32,000) to a related party entity, which is an LLP whereby a common director/shareholder is a member. At the balance sheet date, the company is owed £12,000 (2022: £12,000) to from the same related party entity. Also, at the balance sheet date, the company owed £31,977 (2022: £17,189) to a director/shareholder. The loan is interest free and there are no strict repayment terms.

 
Page 10