Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseNo description of principal activity3227trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04883227 2022-09-01 2023-08-31 04883227 2021-09-01 2022-08-31 04883227 2023-08-31 04883227 2022-08-31 04883227 2021-09-01 04883227 c:Director1 2022-09-01 2023-08-31 04883227 d:PlantMachinery 2022-09-01 2023-08-31 04883227 d:PlantMachinery 2023-08-31 04883227 d:PlantMachinery 2022-08-31 04883227 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04883227 d:MotorVehicles 2022-09-01 2023-08-31 04883227 d:MotorVehicles 2023-08-31 04883227 d:MotorVehicles 2022-08-31 04883227 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04883227 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04883227 d:CurrentFinancialInstruments 2023-08-31 04883227 d:CurrentFinancialInstruments 2022-08-31 04883227 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04883227 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04883227 d:ShareCapital 2023-08-31 04883227 d:ShareCapital 2022-08-31 04883227 d:RetainedEarningsAccumulatedLosses 2023-08-31 04883227 d:RetainedEarningsAccumulatedLosses 2022-08-31 04883227 c:OrdinaryShareClass1 2022-09-01 2023-08-31 04883227 c:OrdinaryShareClass1 2023-08-31 04883227 c:OrdinaryShareClass1 2022-08-31 04883227 c:FRS102 2022-09-01 2023-08-31 04883227 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04883227 c:FullAccounts 2022-09-01 2023-08-31 04883227 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04883227 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04883227 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 04883227 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04883227









CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
REGISTERED NUMBER: 04883227

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,251
30,231

Current assets
  

Debtors: amounts falling due within one year
 5 
1,795,286
1,978,355

Cash at bank and in hand
  
2,043,100
1,912,123

  
3,838,386
3,890,478

Creditors: amounts falling due within one year
 6 
(686,466)
(1,009,583)

Net current assets
  
 
 
3,151,920
 
 
2,880,895

Total assets less current liabilities
  
3,202,171
2,911,126

Provisions for liabilities
  

Deferred tax
  
(5,959)
(5,241)

Net assets
  
3,196,212
2,905,885


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
3,196,112
2,905,785

  
3,196,212
2,905,885


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.

Page 1

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
REGISTERED NUMBER: 04883227
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Pabbi
Director

Date: 22 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Consulting Point Executive Search and Selection Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 04883227. Its registered office is 5th Floor, 68-72 Queen Victoria Street, London, EC4N 4SJ.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.5

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 the Statement of income and retained earnings 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.

Page 4

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings 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.

 
2.7

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 annual bases:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% 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 the Statement of income and retained earnings.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 5

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2022 - 27).

Page 6

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost


At 1 September 2022
155,171
-
155,171


Additions
7,016
25,990
33,006


Disposals
(836)
-
(836)



At 31 August 2023

161,351
25,990
187,341



Depreciation


At 1 September 2022
124,940
-
124,940


Charge for the year on owned assets
8,901
3,249
12,150



At 31 August 2023

133,841
3,249
137,090



Net book value



At 31 August 2023
27,510
22,741
50,251



At 31 August 2022
30,231
-
30,231


5.


Debtors

2023
2022
£
£


Trade debtors
446,181
582,123

Amounts owed by group undertakings
1,072,990
1,072,990

Other debtors
69,653
66,270

Prepayments and accrued income
206,462
256,972

1,795,286
1,978,355


Page 7

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
261,246
507,358

Corporation tax
143,362
258,826

Other taxation and social security
56,051
48,354

Other creditors
46,515
47,085

Accruals and deferred income
179,292
147,960

686,466
1,009,583



7.


Deferred taxation




2023
2022


£

£






At beginning of year
(5,241)
(6,085)


Charged to profit or loss
(718)
844



At end of year
(5,959)
(5,241)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,959)
(5,241)

Page 8

 
CONSULTING POINT EXECUTIVE SEARCH AND SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000,000 (2022 - 1,000,000) Ordinary shares of £0.0001 each
100
100



9.


Pension commitments

Included within other creditors, as shown in Note 6, above, are outstanding pension contributions totalling £7,178 (2022 - £11,912).


10.


Related party transactions

At the balance sheet date, the company was owed £1,072,990 (2022 - £1,072,990) by its parent undertaking.
At the balance sheet date, the company owed £8,337 
(2022 - £8,337) to its director.


11.


Parent undertaking and controlling party

The company's parent undertaking and controlling party is Consulting Point Holdings Limited.

 
Page 9