Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-11-01falseNo description of principal activity2true 05207112 2022-11-01 2023-10-31 05207112 2021-11-01 2022-10-31 05207112 2023-10-31 05207112 2022-10-31 05207112 c:Director1 2022-11-01 2023-10-31 05207112 d:Buildings 2022-11-01 2023-10-31 05207112 d:Buildings 2023-10-31 05207112 d:Buildings 2022-10-31 05207112 d:Buildings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05207112 d:Buildings d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05207112 d:PlantMachinery 2022-11-01 2023-10-31 05207112 d:PlantMachinery 2023-10-31 05207112 d:PlantMachinery 2022-10-31 05207112 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05207112 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05207112 d:MotorVehicles 2022-11-01 2023-10-31 05207112 d:MotorVehicles 2023-10-31 05207112 d:MotorVehicles 2022-10-31 05207112 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05207112 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05207112 d:FurnitureFittings 2022-11-01 2023-10-31 05207112 d:FurnitureFittings 2023-10-31 05207112 d:FurnitureFittings 2022-10-31 05207112 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05207112 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05207112 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05207112 d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05207112 d:CurrentFinancialInstruments 2023-10-31 05207112 d:CurrentFinancialInstruments 2022-10-31 05207112 d:Non-currentFinancialInstruments 2023-10-31 05207112 d:Non-currentFinancialInstruments 2022-10-31 05207112 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05207112 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 05207112 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05207112 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 05207112 d:ShareCapital 2023-10-31 05207112 d:ShareCapital 2022-10-31 05207112 d:RetainedEarningsAccumulatedLosses 2023-10-31 05207112 d:RetainedEarningsAccumulatedLosses 2022-10-31 05207112 c:OrdinaryShareClass1 2022-11-01 2023-10-31 05207112 c:OrdinaryShareClass1 2023-10-31 05207112 c:OrdinaryShareClass1 2022-10-31 05207112 c:FRS102 2022-11-01 2023-10-31 05207112 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05207112 c:FullAccounts 2022-11-01 2023-10-31 05207112 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05207112 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 05207112 d:HirePurchaseContracts d:WithinOneYear 2022-10-31 05207112 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 05207112 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05207112









EGV CONSULTANCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
EGV CONSULTANCY LIMITED
REGISTERED NUMBER: 05207112

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
353,373
316,737

  
353,373
316,737

Current assets
  

Stocks
 5 
297,382
404,015

Debtors: amounts falling due within one year
 6 
348,988
241,679

Cash at bank and in hand
 7 
-
67,133

  
646,370
712,827

Creditors: amounts falling due within one year
 8 
(348,594)
(428,389)

Net current assets
  
 
 
297,776
 
 
284,438

Total assets less current liabilities
  
651,149
601,175

Creditors: amounts falling due after more than one year
 9 
(255,004)
(270,382)

Provisions for liabilities
  

Deferred tax
  
(58,912)
(49,753)

  
 
 
(58,912)
 
 
(49,753)

Net assets
  
337,233
281,040


Capital and reserves
  

Called up share capital 
 12 
1
1

Profit and loss account
  
337,232
281,039

  
337,233
281,040


Page 1

 
EGV CONSULTANCY LIMITED
REGISTERED NUMBER: 05207112
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 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: 




I Galliers
Director

Date: 30 July 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

EGV Consultancy Limited, 05207112, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Spring Cottage, Exfords Green, Shrewsbury, Shropshire, SY5 8HQ.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

Page 4

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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 balance sheet 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 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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance

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

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.

 
2.13

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 Balance sheet 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

Page 6

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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.

Derecognition of financial instruments

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
Page 7

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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.

 
2.14

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 2 (2022 - 2).

Page 8

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2022
117,725
43,363
293,921
4,244
459,253


Additions
-
14,487
96,176
764
111,427


Disposals
-
-
(30,469)
-
(30,469)



At 31 October 2023

117,725
57,850
359,628
5,008
540,211



Depreciation


At 1 November 2022
-
37,705
101,041
3,770
142,516


Charge for the year on owned assets
-
4,030
7,119
248
11,397


Charge for the year on financed assets
-
-
47,517
-
47,517


Disposals
-
-
(14,592)
-
(14,592)



At 31 October 2023

-
41,735
141,085
4,018
186,838



Net book value



At 31 October 2023
117,725
16,115
218,543
990
353,373



At 31 October 2022
117,725
5,658
192,880
474
316,737


5.


Stocks

2023
2022
£
£

Raw materials and consumables
133,046
240,180

Work in progress (goods to be sold)
164,336
163,835

297,382
404,015


Page 9

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
348,988
221,669

Other debtors
-
20,010

348,988
241,679



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
67,133

Less: bank overdrafts
(6,732)
-

(6,732)
67,133



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
6,732
-

Bank loans
5,520
5,520

Trade creditors
175,216
325,946

Other taxation and social security
64,557
9,644

Obligations under finance lease and hire purchase contracts
39,139
32,475

Other creditors
25,000
46,270

Accruals and deferred income
32,430
8,534

348,594
428,389


Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Page 10

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,054
36,609

Net obligations under finance leases and hire purchase contracts
116,983
95,672

Other creditors
106,967
138,101

255,004
270,382


Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,520
5,520


5,520
5,520

Amounts falling due 1-2 years

Bank loans
5,520
5,520


5,520
5,520

Amounts falling due 2-5 years

Bank loans
25,534
31,089


25,534
31,089


36,574
42,129


Page 11

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
39,139
34,206

Between 1-5 years
116,983
69,638

156,122
103,844


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £0.10 each
1
1


 
Page 12