Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activityfalse11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11727321 2023-01-01 2023-12-31 11727321 2022-01-01 2022-12-31 11727321 2023-12-31 11727321 2022-12-31 11727321 2022-01-01 11727321 c:Director1 2023-01-01 2023-12-31 11727321 d:FurnitureFittings 2023-01-01 2023-12-31 11727321 d:FurnitureFittings 2023-12-31 11727321 d:FurnitureFittings 2022-12-31 11727321 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11727321 d:OfficeEquipment 2023-01-01 2023-12-31 11727321 d:OfficeEquipment 2023-12-31 11727321 d:OfficeEquipment 2022-12-31 11727321 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11727321 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11727321 d:CurrentFinancialInstruments 2023-12-31 11727321 d:CurrentFinancialInstruments 2022-12-31 11727321 d:Non-currentFinancialInstruments 2023-12-31 11727321 d:Non-currentFinancialInstruments 2022-12-31 11727321 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11727321 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11727321 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11727321 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11727321 d:ShareCapital 2023-01-01 2023-12-31 11727321 d:ShareCapital 2023-12-31 11727321 d:ShareCapital 2022-01-01 2022-12-31 11727321 d:ShareCapital 2022-12-31 11727321 d:ShareCapital 2022-01-01 11727321 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11727321 d:RetainedEarningsAccumulatedLosses 2023-12-31 11727321 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11727321 d:RetainedEarningsAccumulatedLosses 2022-12-31 11727321 d:RetainedEarningsAccumulatedLosses 2022-01-01 11727321 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11727321 c:OrdinaryShareClass1 2023-12-31 11727321 c:OrdinaryShareClass1 2022-12-31 11727321 c:FRS102 2023-01-01 2023-12-31 11727321 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11727321 c:FullAccounts 2023-01-01 2023-12-31 11727321 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11727321 2 2023-01-01 2023-12-31 11727321 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11727321






FLEX OFFICE SOLUTIONS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLEX OFFICE SOLUTIONS LIMITED
REGISTERED NUMBER: 11727321

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,280
1,203

  
1,280
1,203

Current assets
  

Debtors: amounts falling due within one year
 5 
39,610
44,552

Cash at bank and in hand
 6 
60
10,833

  
39,670
55,385

Creditors: amounts falling due within one year
 7 
(24,530)
(24,672)

Net current assets
  
 
 
15,140
 
 
30,713

Total assets less current liabilities
  
16,420
31,916

Creditors: amounts falling due after more than one year
 8 
(16,102)
(17,796)

  

Net assets
  
318
14,120


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
 10 
317
14,119

  
318
14,120


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.

Page 1

 
FLEX OFFICE SOLUTIONS LIMITED
REGISTERED NUMBER: 11727321
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2024.



M J Fielden
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
FLEX OFFICE SOLUTIONS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1
14,119
14,120


Comprehensive income for the year

Profit for the year
-
5,198
5,198
Total comprehensive income for the year
-
5,198
5,198


Contributions by and distributions to owners

Dividends: Equity capital
-
(19,000)
(19,000)


Total transactions with owners
-
(19,000)
(19,000)


At 31 December 2023
1
317
318


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
FLEX OFFICE SOLUTIONS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
1
636
637


Comprehensive income for the year

Profit for the year
-
58,483
58,483
Total comprehensive income for the year
-
58,483
58,483


Contributions by and distributions to owners

Dividends: Equity capital
-
(45,000)
(45,000)


Total transactions with owners
-
(45,000)
(45,000)


At 31 December 2022
1
14,119
14,120


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

Interest income

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

 
1.4

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.

 
1.5

Borrowing costs

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

Page 5

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

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 reporting date in the countries where the Company operates and generates income.

 
1.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Office equipment
-
20%

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.

 
1.9

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.

Page 6

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.10

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.

 
1.11

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.

 
1.12

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.


2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.

Page 7

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
9,750
8,600

Social security costs
112
6

Cost of defined contribution scheme
105
71

9,967
8,677


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
333
1,920
2,253


Additions
-
660
660



At 31 December 2023

333
2,580
2,913



Depreciation


At 1 January 2023
22
1,028
1,050


Charge for the year on owned assets
67
516
583



At 31 December 2023

89
1,544
1,633



Net book value



At 31 December 2023
244
1,036
1,280



At 31 December 2022
311
892
1,203

Page 8

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,721
22,548

Other debtors
32,889
21,543

Prepayments and accrued income
-
461

39,610
44,552



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
60
10,833

Less: bank overdrafts
(2,110)
-

(2,050)
10,833



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
2,110
-

Corporation tax
16,121
16,312

Other taxation and social security
5,099
4,375

Other creditors
-
2,785

Accruals and deferred income
1,200
1,200

24,530
24,672



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,102
17,796

16,102
17,796


Page 9

 
FLEX OFFICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.


11.


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 charge represents contributions payable by the Company to the fund and amounted to £105 (2022: £71). Contributions totalling £Nil (2022: £358) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10