Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true2022-11-01falseLegal work66falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09116521 2022-11-01 2023-10-31 09116521 2021-11-01 2022-10-31 09116521 2023-10-31 09116521 2022-10-31 09116521 2021-11-01 09116521 c:Director1 2022-11-01 2023-10-31 09116521 d:PlantMachinery 2022-11-01 2023-10-31 09116521 d:PlantMachinery 2023-10-31 09116521 d:PlantMachinery 2022-10-31 09116521 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09116521 d:MotorVehicles 2022-11-01 2023-10-31 09116521 d:MotorVehicles 2023-10-31 09116521 d:MotorVehicles 2022-10-31 09116521 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09116521 d:FurnitureFittings 2022-11-01 2023-10-31 09116521 d:FurnitureFittings 2023-10-31 09116521 d:FurnitureFittings 2022-10-31 09116521 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09116521 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09116521 d:Goodwill 2022-11-01 2023-10-31 09116521 d:Goodwill 2023-10-31 09116521 d:Goodwill 2022-10-31 09116521 d:CurrentFinancialInstruments 2023-10-31 09116521 d:CurrentFinancialInstruments 2022-10-31 09116521 d:Non-currentFinancialInstruments 2023-10-31 09116521 d:Non-currentFinancialInstruments 2022-10-31 09116521 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09116521 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09116521 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09116521 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09116521 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09116521 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09116521 d:ShareCapital 2022-11-01 2023-10-31 09116521 d:ShareCapital 2023-10-31 09116521 d:ShareCapital 2021-11-01 2022-10-31 09116521 d:ShareCapital 2022-10-31 09116521 d:ShareCapital 2021-11-01 09116521 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 09116521 d:RetainedEarningsAccumulatedLosses 2023-10-31 09116521 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 09116521 d:RetainedEarningsAccumulatedLosses 2022-10-31 09116521 d:RetainedEarningsAccumulatedLosses 2021-11-01 09116521 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 09116521 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 09116521 c:FRS102 2022-11-01 2023-10-31 09116521 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09116521 c:FullAccounts 2022-11-01 2023-10-31 09116521 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09116521 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 09116521









ALTERMANS SOLICITORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ALTERMANS SOLICITORS LIMITED
REGISTERED NUMBER: 09116521

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
24,307
30,837

  
24,307
30,837

Current assets
  

Stocks
 6 
54,000
60,000

Debtors: amounts falling due within one year
 7 
298,865
212,818

Cash at bank and in hand
 8 
59,772
107,055

  
412,637
379,873

Creditors: amounts falling due within one year
 9 
(263,537)
(258,572)

Net current assets
  
 
 
149,100
 
 
121,301

Total assets less current liabilities
  
173,407
152,138

Creditors: amounts falling due after more than one year
 10 
-
(27,504)

Provisions for liabilities
  

Deferred tax
  
-
(3,800)

  
 
 
-
 
 
(3,800)

Net assets
  
173,407
120,834


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
173,405
120,832

  
173,407
120,834


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
ALTERMANS SOLICITORS LIMITED
REGISTERED NUMBER: 09116521
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




Mr G Alterman
Director

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
ALTERMANS SOLICITORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
2
120,832
120,834


Comprehensive income for the year

Profit for the year

-
52,573
52,573


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
52,573
52,573


Total transactions with owners
-
-
-


At 31 October 2023
2
173,405
173,407


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
ALTERMANS SOLICITORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
2
75,395
75,397


Comprehensive income for the year

Profit for the year

-
45,437
45,437


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
45,437
45,437


Total transactions with owners
-
-
-


At 31 October 2022
2
120,832
120,834


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Altermans Solicitors Limited is a private company limited by shares incorporated in England. The registered office is 237 Regents Park Road, Finchley, London N3 3LF. The company provides legal services.

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 financial statements are presented in pound sterling which is the functional currency of the
company and have been rounded to the nearest £.

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

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.

 
2.5

Borrowing costs

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

Page 5

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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

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.

Page 6

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
13%
Straight line

 
2.9

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, .

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
20%
straight line
Fixtures and fittings
-
15%
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.

  
2.10

Stocks

Work in progress is valued on the basis of unbilled work at the year end based on work done before the year end.

Page 7

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are 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 Statement of comprehensive income.

Page 8

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2022
500,000



At 31 October 2023

500,000



Amortisation


At 1 November 2022
500,000



At 31 October 2023

500,000



Net book value



At 31 October 2023
-



At 31 October 2022
-



Page 9

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2022
23,259
23,801
9,373
56,433



At 31 October 2023

23,259
23,801
9,373
56,433



Depreciation


At 1 November 2022
14,435
4,760
6,401
25,596


Charge for the year on owned assets
1,324
4,760
446
6,530



At 31 October 2023

15,759
9,520
6,847
32,126



Net book value



At 31 October 2023
7,500
14,281
2,526
24,307



At 31 October 2022
8,824
19,041
2,972
30,837


6.


Stocks

2023
2022
£
£

Work in progress
54,000
60,000



7.


Debtors

2023
2022
£
£


Trade debtors
218,514
177,472

Other debtors
80,351
-

Prepayments and accrued income
-
35,346

298,865
212,818


Page 10

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
59,772
107,055



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
43,551
44,782

Trade creditors
16,809
-

Corporation tax
16,717
27,477

Other taxation and social security
10,195
10,961

Other creditors
162,124
161,228

Accruals and deferred income
14,141
14,124

263,537
258,572



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
27,504



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
43,551
44,782

Amounts falling due 1-2 years

Bank loans
-
27,504



43,551
72,286


Page 11

 
ALTERMANS SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

12.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
59,772
107,055




13.


Pension commitments

The Company operates 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 during the year represents contributions payable by the Company  to the fund and amounted to £21,238 (2021 - £953) . 

 
Page 12