Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-3022022-07-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05151954 2022-07-01 2023-06-30 05151954 2021-07-01 2022-06-30 05151954 2023-06-30 05151954 2022-06-30 05151954 c:Director1 2022-07-01 2023-06-30 05151954 d:PlantMachinery 2022-07-01 2023-06-30 05151954 d:PlantMachinery 2023-06-30 05151954 d:PlantMachinery 2022-06-30 05151954 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05151954 d:MotorVehicles 2022-07-01 2023-06-30 05151954 d:MotorVehicles 2023-06-30 05151954 d:MotorVehicles 2022-06-30 05151954 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05151954 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05151954 d:CurrentFinancialInstruments 2023-06-30 05151954 d:CurrentFinancialInstruments 2022-06-30 05151954 d:Non-currentFinancialInstruments 2023-06-30 05151954 d:Non-currentFinancialInstruments 2022-06-30 05151954 d:Non-currentFinancialInstruments 1 2023-06-30 05151954 d:Non-currentFinancialInstruments 1 2022-06-30 05151954 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05151954 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05151954 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05151954 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 05151954 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05151954 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 05151954 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05151954 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 05151954 d:ShareCapital 2023-06-30 05151954 d:ShareCapital 2022-06-30 05151954 d:RetainedEarningsAccumulatedLosses 2023-06-30 05151954 d:RetainedEarningsAccumulatedLosses 2022-06-30 05151954 c:OrdinaryShareClass2 2022-07-01 2023-06-30 05151954 c:OrdinaryShareClass2 2023-06-30 05151954 c:OrdinaryShareClass2 2022-06-30 05151954 c:PreferenceShareClass1 2022-07-01 2023-06-30 05151954 c:PreferenceShareClass1 2023-06-30 05151954 c:PreferenceShareClass1 2022-06-30 05151954 c:FRS102 2022-07-01 2023-06-30 05151954 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05151954 c:FullAccounts 2022-07-01 2023-06-30 05151954 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05151954 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 05151954 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 05151954 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 05151954 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 05151954 2 2022-07-01 2023-06-30 05151954 f:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05151954









SDL CONSULTANCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
SDL CONSULTANCY LIMITED
REGISTERED NUMBER: 05151954

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,902
10,068

Current assets
  

Stocks
  
-
506,107

Debtors: amounts falling due within one year
 5 
20,606
31,301

Cash at bank and in hand
  
7,299
12,042

  
27,905
549,450

Creditors: amounts falling due within one year
 6 
(16,730)
(518,951)

Net current assets
  
 
 
11,175
 
 
30,499

Total assets less current liabilities
  
17,077
40,567

Creditors: amounts falling due after more than one year
 7 
(13,908)
(17,817)

Net assets
  
3,169
22,750


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
3,167
22,748

  
3,169
22,750


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.

Page 1

 
SDL CONSULTANCY LIMITED
REGISTERED NUMBER: 05151954
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




L R Ballard
Director

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

Page 2

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

SDL Consultancy Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 05151954. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA. 

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.9
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 bases:

Plant and machinery
-
10% and 25% straight line
Motor vehicles
-
25% straight line

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

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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, 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.

 
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.

Page 5

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

2023
2022
£
£

Wages and salaries
2,210
15,470

Cost of defined contribution scheme
125,000
-

127,210
15,470


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost


At 1 July 2022
353
16,664
17,017



At 30 June 2023

353
16,664
17,017



Depreciation


At 1 July 2022
353
6,596
6,949


Charge for the year on financed assets
-
4,166
4,166



At 30 June 2023

353
10,762
11,115



Net book value



At 30 June 2023
-
5,902
5,902



At 30 June 2022
-
10,068
10,068

Page 7

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
6,084

Other debtors
20,606
25,217

20,606
31,301



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,173
4,959

Trade creditors
796
1,367

Corporation tax
4,822
8,791

Other taxation and social security
722
3,825

Obligations under finance lease and hire purchase contracts
2,888
2,888

Other creditors
321
483,983

Accruals and deferred income
3,008
13,138

16,730
518,951


Included within Other Creditors is a loan from R G Ballard Limited Pension Trust Fund for £Nil (2022 - £65,000) which has first charge over the property purchased using these funds.
Also included is a loan from the director for £Nil (
2022 - £418,000) which has second charge over the property purchased using these funds.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,704
13,726

Net obligations under finance leases and hire purchase contracts
1,203
4,090

Share capital treated as debt
1
1

13,908
17,817


Page 8

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,173
4,959

Amounts falling due 1-2 years

Bank loans
3,725
3,699

Amounts falling due 2-5 years

Bank loans
8,979
10,027

16,877
18,685



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
2,888
2,888

Between 1-5 years
1,203
4,090

4,091
6,978


10.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



20 (2022 - 20) Ordinary "A" to "D" shares of £0.10 each
2
2

2023
2022
£
£
Shares classified as debt

Allotted, called up and fully paid



10 (2022 - 10) "A" Preference shares of £0.10 each
1
1


Page 9

 
SDL CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.

Directors' benefits: advances, credits and guarantees

2023
2022
£
£
Balance brought forward owed to the company

19,685

-
 
Total advances during the year

23,906

38,935
 
Total repayments during the year

(42,063)

(19,568)
 
Interest charged during the year

619

318
 

2,147

19,685
 

Interest has been charged at the official HMRC rate on beneficial loans.


12.


Related party transactions

Directors had interests totalling £22,000 (2022 - £Nil) in dividends declared during the year.

 
Page 10