Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-301falsefalse12022-12-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07445093 2022-12-01 2023-11-30 07445093 2023-11-30 07445093 2021-12-01 2022-11-30 07445093 2022-11-30 07445093 c:Director1 2022-12-01 2023-11-30 07445093 d:FurnitureFittings 2022-12-01 2023-11-30 07445093 d:OfficeEquipment 2022-12-01 2023-11-30 07445093 d:ComputerEquipment 2022-12-01 2023-11-30 07445093 d:ComputerEquipment 2023-11-30 07445093 d:ComputerEquipment 2022-11-30 07445093 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07445093 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 07445093 d:OtherPropertyPlantEquipment 2023-11-30 07445093 d:OtherPropertyPlantEquipment 2022-11-30 07445093 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07445093 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07445093 d:CurrentFinancialInstruments 2023-11-30 07445093 d:CurrentFinancialInstruments 2022-11-30 07445093 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07445093 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07445093 d:ShareCapital 2023-11-30 07445093 d:ShareCapital 2022-11-30 07445093 d:RetainedEarningsAccumulatedLosses 2023-11-30 07445093 d:RetainedEarningsAccumulatedLosses 2022-11-30 07445093 c:FRS102 2022-12-01 2023-11-30 07445093 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07445093 c:FullAccounts 2022-12-01 2023-11-30 07445093 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07445093 2 2022-12-01 2023-11-30 07445093 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 07445093


RESOLVE CONSULTANTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
RESOLVE CONSULTANTS LTD
REGISTERED NUMBER: 07445093

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,368
1,482

  
2,368
1,482

Current assets
  

Debtors: amounts falling due within one year
 5 
166,692
9,992

Cash at bank and in hand
  
108,518
276,476

  
275,210
286,468

Creditors: amounts falling due within one year
 6 
(43,570)
(48,059)

Net current assets
  
 
 
231,640
 
 
238,409

Total assets less current liabilities
  
234,008
239,891

  

Net assets
  
234,008
239,891


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
234,007
239,890

  
234,008
239,891


Page 1

 
RESOLVE CONSULTANTS LTD
REGISTERED NUMBER: 07445093
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 1 August 2024.




................................................
L Roberts
Director

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

Page 2

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Resolve Consultants Ltd is a private company limited by share capital, registered in England and Wales.
The company's registration number is 07445093.
The company's registered office is 1 Vincent Square, London, SW1P 2PN.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The Company contributes into 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.

 
2.6

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.

 
2.7

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.

Page 4

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
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 basis:

Fixtures and fittings
-
25%
Office equipment
-
33%

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.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Page 5

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.

 
2.12

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 1.

Page 6

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 December 2022
2,107
3,532
5,639


Additions
1,467
1,048
2,515


Disposals
-
(1,571)
(1,571)



At 30 November 2023

3,574
3,009
6,583



Depreciation


At 1 December 2022
1,993
2,164
4,157


Charge for the year on owned assets
175
935
1,110


Disposals
-
(1,052)
(1,052)



At 30 November 2023

2,168
2,047
4,215



Net book value



At 30 November 2023
1,406
962
2,368



At 30 November 2022
114
1,368
1,482


5.


Debtors

2023
2022
£
£


Trade debtors
28,251
3,139

Other debtors
138,441
6,853

166,692
9,992


Included within other debtors due within one year is a loan to a director, amounting to £101,999 (2022 -
£4,037). There are no strict repayment terms in place and no interest accruing on the balance.



Page 7

 
RESOLVE CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
41,333
42,631

Other taxation and social security
2,070
5,261

Accruals and deferred income
167
167

43,570
48,059



7.


Pension commitments

The Company contributes into 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 £10,000 (2022 - £19,000) . Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8