Caseware UK (AP4) 2023.0.135 2023.0.135 242023-01-01falseNo description of principal activity24truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03798319 2023-01-01 2023-12-31 03798319 2022-01-01 2022-12-31 03798319 2023-12-31 03798319 2022-12-31 03798319 2022-01-01 03798319 c:Director1 2023-01-01 2023-12-31 03798319 c:Director2 2023-01-01 2023-12-31 03798319 d:PlantMachinery 2023-01-01 2023-12-31 03798319 d:PlantMachinery 2023-12-31 03798319 d:PlantMachinery 2022-12-31 03798319 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03798319 d:OfficeEquipment 2023-01-01 2023-12-31 03798319 d:ComputerSoftware 2023-01-01 2023-12-31 03798319 d:ComputerSoftware 2023-12-31 03798319 d:ComputerSoftware 2022-12-31 03798319 d:CurrentFinancialInstruments 2023-12-31 03798319 d:CurrentFinancialInstruments 2022-12-31 03798319 d:Non-currentFinancialInstruments 2023-12-31 03798319 d:Non-currentFinancialInstruments 2022-12-31 03798319 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03798319 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03798319 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03798319 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03798319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03798319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 03798319 d:ShareCapital 2023-12-31 03798319 d:ShareCapital 2022-12-31 03798319 d:SharePremium 2023-12-31 03798319 d:SharePremium 2022-12-31 03798319 d:RetainedEarningsAccumulatedLosses 2023-12-31 03798319 d:RetainedEarningsAccumulatedLosses 2022-12-31 03798319 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03798319 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 03798319 c:FRS102 2023-01-01 2023-12-31 03798319 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03798319 c:FullAccounts 2023-01-01 2023-12-31 03798319 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03798319 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-01-01 2023-12-31 03798319 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 03798319 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03798319










Everywoman Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Everywoman Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Everywoman Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Everywoman Limited for the year ended 31 December 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Everywoman Limited, as a body, in accordance with the terms of our engagement letter dated 28 March 2022Our work has been undertaken solely to prepare for your approval the financial statements of Everywoman Limited and state those matters that we have agreed to state to the Board of directors of Everywoman Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Everywoman Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Everywoman Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Everywoman Limited. You consider that Everywoman Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Everywoman Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
18 July 2024
Page 1

 
Everywoman Limited
Registered number: 03798319

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
226,067
179,707

Tangible assets
 5 
10,050
6,999

  
236,117
186,706

Current assets
  

Stocks
  
2,117
2,117

Debtors: amounts falling due within one year
 6 
626,835
497,573

Cash at bank and in hand
  
1,156,011
959,417

  
1,784,963
1,459,107

Creditors: amounts falling due within one year
 7 
(959,830)
(787,096)

Net current assets
  
 
 
825,133
 
 
672,011

Total assets less current liabilities
  
1,061,250
858,717

Creditors: amounts falling due after more than one year
 8 
(30,217)
(39,187)

Provisions for liabilities
  

Deferred tax
 10 
(58,041)
(45,785)

  
 
 
(58,041)
 
 
(45,785)

Net assets
  
972,992
773,745


Capital and reserves
  

Called up share capital 
  
119
119

Share premium account
  
399,981
399,981

Profit and loss account
  
572,892
373,645

  
972,992
773,745


Page 2

 
Everywoman Limited
Registered number: 03798319

Statement of financial position (continued)
As at 31 December 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 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 18 July 2024.




K A Gill
M J Benson
Director
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Everywoman Limited (the Company) is a limited company incorporated and domiciled in the United Kingdom.  The address of its registered office is The Holt, Holt Lane, Teffont Evias, Salisbury, Wiltshire, SP3 5RG. 
everywoman is a global platform for women in business, with circa 40,000 members, which has for the past 25 years been at the forefront of driving positive change by empowering women to achieve their professional potential. everywoman has supported thousands of women worldwide in establishing businesses and progressing their careers, with over 200,000 participants attending their learning and development programmes. Working with over 70 leading corporations and organisations, everywoman improves productivity and performance through diversity insights to unlock female potential, and the everywoman cross-industry awards and forums create female role models which have inspired generations of future leaders. 

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:

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

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.

Page 4

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
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

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.

 
2.7

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 5

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.8

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 reporting 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 reporting 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 reporting date.

 
2.9

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.

 
2.10

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:

Office equipment
-
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.

Page 6

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting 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.

 
2.12

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.

 
2.13

Cash

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.

 
2.14

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.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 24).

Page 7

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
493,477


Additions - internal
138,196


Disposals
(207,269)



At 31 December 2023

424,404



Amortisation


At 1 January 2023
313,770


Charge for the year on owned assets
91,836


On disposals
(207,269)



At 31 December 2023

198,337



Net book value



At 31 December 2023
226,067



At 31 December 2022
179,707



Page 8

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
67,682


Additions
6,711



At 31 December 2023

74,393



Depreciation


At 1 January 2023
60,683


Charge for the year on owned assets
3,660



At 31 December 2023

64,343



Net book value



At 31 December 2023
10,050



At 31 December 2022
6,999


6.


Debtors

2023
2022
£
£


Trade debtors
441,598
286,779

Other debtors
148,041
172,110

Prepayments and accrued income
37,196
38,684

626,835
497,573



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
8,970
8,970

Trade creditors
18,073
42,478

Corporation tax
52,123
50,653

Other taxation and social security
103,795
132,697

Other creditors
5,300
3,970

Accruals and deferred income
771,569
548,328

959,830
787,096


Page 9

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
30,217
39,187

30,217
39,187



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
8,970
8,970


8,970
8,970


Amounts falling due 2-5 years

Other loans
30,217
39,187


30,217
39,187


39,187
48,157


Page 10

 
Everywoman Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(45,785)
(25,330)


Charged to profit or loss
(12,256)
(20,455)



At end of year
(58,041)
(45,785)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(58,041)
(45,785)

(58,041)
(45,785)


11.


Share-based payments

During a prior year, on 16th April 2015, the company issued share options over 20,000 ordinary shares of £0.01 each to two employees under the Enterprise Management Incentive Scheme.  One of these employees has now left the company and 10,000 of the options have lapsed.  The remaining 10,000 options are valid for ten years from the date of grant, although they will lapse if not exercised by that date, or if the employee leaves the company. 
On 20th November 2017 a further option of 5,000 ordinary shares was issued to an employee under the  Enterprise Management Incentive Scheme.
On 12th July 2022 a further option of 10,000 ordinary shares was issued to two employees under the Enterprise Management Incentive Scheme.
All options have been approved and registered with HMRC with an Exercise Price of £1.42 and a Market Value of £1.58.
The number of shares outstanding as at 31 December 2023 is 25,000 ordinary shares of £0.01 each.  No amounts have been expensed in relation to the outstanding share options on the basis that it is unlikely that these share options will vest in the foreseeable future. 

Page 11