Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseHolding company11truetruefalse 12534868 2023-04-01 2024-03-31 12534868 2022-04-01 2023-03-31 12534868 2024-03-31 12534868 2023-03-31 12534868 c:Director1 2023-04-01 2024-03-31 12534868 d:Buildings 2023-04-01 2024-03-31 12534868 d:Buildings 2024-03-31 12534868 d:Buildings 2023-03-31 12534868 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12534868 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12534868 d:MotorVehicles 2023-04-01 2024-03-31 12534868 d:MotorVehicles 2024-03-31 12534868 d:MotorVehicles 2023-03-31 12534868 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12534868 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12534868 d:OfficeEquipment 2023-04-01 2024-03-31 12534868 d:OfficeEquipment 2024-03-31 12534868 d:OfficeEquipment 2023-03-31 12534868 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12534868 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12534868 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12534868 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12534868 d:CurrentFinancialInstruments 2024-03-31 12534868 d:CurrentFinancialInstruments 2023-03-31 12534868 d:Non-currentFinancialInstruments 2024-03-31 12534868 d:Non-currentFinancialInstruments 2023-03-31 12534868 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12534868 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12534868 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12534868 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12534868 d:ShareCapital 2024-03-31 12534868 d:ShareCapital 2023-03-31 12534868 d:RetainedEarningsAccumulatedLosses 2024-03-31 12534868 d:RetainedEarningsAccumulatedLosses 2023-03-31 12534868 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12534868 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12534868 c:FRS102 2023-04-01 2024-03-31 12534868 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12534868 c:FullAccounts 2023-04-01 2024-03-31 12534868 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12534868 6 2023-04-01 2024-03-31 12534868 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 12534868 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 12534868 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12534868










HWL CONSULTANCY LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HWL CONSULTANCY LTD
REGISTERED NUMBER: 12534868

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,593
-

Investments
 5 
15,042
42

  
74,635
42

Current assets
  

Debtors: amounts falling due within one year
 6 
8,083
316,004

Cash at bank and in hand
  
965,665
676,707

  
973,748
992,711

Creditors: amounts falling due within one year
 7 
(15,586)
(22,132)

Net current assets
  
 
 
958,162
 
 
970,579

Total assets less current liabilities
  
1,032,797
970,621

Creditors: amounts falling due after more than one year
 8 
(43,246)
-

Provisions for liabilities
  

Deferred tax
  
(13,401)
-

Net assets
  
976,150
970,621


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
976,149
970,620

  
976,150
970,621


Page 1

 
HWL CONSULTANCY LTD
REGISTERED NUMBER: 12534868
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 6 August 2024.




T H C Vernon
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

HWL Consultancy Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 12534868). Its registered office is 5th Floor, 11 Leopold Street, Sheffield, South Yorkshire, United Kingdom, S1 2GY. The principal activity of the Company throughout the year was that of consultancy 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 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 Company's functional and presentation currency is pounds sterling.

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

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 3

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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:

Freehold property
-
10%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, 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, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.8

Current and deferred 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.
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Property improvements
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
7,957
56,768
317
65,042



At 31 March 2024

7,957
56,768
317
65,042



Depreciation


Charge for the year on owned assets
621
-
97
718


Charge for the year on financed assets
-
4,731
-
4,731



At 31 March 2024

621
4,731
97
5,449



Net book value



At 31 March 2024
7,336
52,037
220
59,593



At 31 March 2023
-
-
-
-

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
52,037
-

Page 6

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
42


Additions
15,000



At 31 March 2024
15,042





6.


Debtors

2024
2023
£
£


Trade debtors
-
73,144

Amounts owed by group undertakings
-
242,860

Other debtors
8,083
-

8,083
316,004



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
13,992

Obligations under finance lease and hire purchase contracts
6,296
-

Other creditors
7,640
6,640

Accruals and deferred income
1,650
1,500

15,586
22,132


Page 7

 
HWL CONSULTANCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
43,246
-


Assets under finance lease and hire purchase contracts are secured on the underlying asset.


9.


Deferred taxation




2024


£






Charged to profit or loss
13,401



At end of year
13,401

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
13,401
-

 
Page 8