Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.13false2023-01-01No description of principal activity14truetruefalse 00884419 2023-01-01 2023-12-31 00884419 2022-01-01 2022-12-31 00884419 2023-12-31 00884419 2022-12-31 00884419 c:Director5 2023-01-01 2023-12-31 00884419 c:Director19 2023-01-01 2023-12-31 00884419 d:FurnitureFittings 2023-01-01 2023-12-31 00884419 d:FurnitureFittings 2023-12-31 00884419 d:FurnitureFittings 2022-12-31 00884419 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00884419 d:OfficeEquipment 2023-01-01 2023-12-31 00884419 d:OfficeEquipment 2023-12-31 00884419 d:OfficeEquipment 2022-12-31 00884419 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00884419 d:ComputerEquipment 2023-01-01 2023-12-31 00884419 d:ComputerEquipment 2023-12-31 00884419 d:ComputerEquipment 2022-12-31 00884419 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00884419 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00884419 d:CurrentFinancialInstruments 2023-12-31 00884419 d:CurrentFinancialInstruments 2022-12-31 00884419 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00884419 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00884419 d:RetainedEarningsAccumulatedLosses 2023-12-31 00884419 d:RetainedEarningsAccumulatedLosses 2022-12-31 00884419 c:FRS102 2023-01-01 2023-12-31 00884419 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00884419 c:FullAccounts 2023-01-01 2023-12-31 00884419 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 00884419 d:Subsidiary1 2023-01-01 2023-12-31 00884419 d:Subsidiary1 1 2023-01-01 2023-12-31 00884419 d:Subsidiary2 2023-01-01 2023-12-31 00884419 d:Subsidiary2 1 2023-01-01 2023-12-31 00884419 d:WithinOneYear 2023-12-31 00884419 d:WithinOneYear 2022-12-31 00884419 d:BetweenOneFiveYears 2023-12-31 00884419 d:BetweenOneFiveYears 2022-12-31 00884419 6 2023-01-01 2023-12-31 00884419 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 00884419










THE CONCRETE SOCIETY LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE CONCRETE SOCIETY LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00884419

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,509
1,104

Investments
 5 
1,002
1,002

  
25,511
2,106

Current assets
  

Stocks
  
3,000
5,000

Debtors: amounts falling due within one year
 6 
209,937
142,623

Cash at bank and in hand
 7 
901,782
974,270

  
1,114,719
1,121,893

Creditors: amounts falling due within one year
 8 
(599,787)
(663,995)

Net current assets
  
 
 
514,932
 
 
457,898

Total assets less current liabilities
  
540,443
460,004

  

Net assets
  
540,443
460,004


Capital and reserves
  

Profit and loss account
  
540,443
460,004

  
540,443
460,004


Page 1

 
THE CONCRETE SOCIETY LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 00884419
    
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 income statement 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 by: 






M I Amodeo
D W Williams
Director
Director


Date: 3 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by guarantee and incorporated in England and Wales. Its registered office is Suite 1 Ground Floor, Sandhurst House, 297 Yorktown Road, College Town, Sandhurst, GU47 0QA.

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.

 
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.

Page 3

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2022 to continue to be charged over the period to the first market rent review rather than the term of the lease.

  
2.5

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

 
2.6

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
-
25% reducing balance
Office equipment
-
25% reducing balance
Computer equipment
-
3 years 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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

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.

Page 5

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 14).

Page 6

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
47,597
44,980
140,373
232,950


Additions
24,466
-
3,792
28,258



At 31 December 2023

72,063
44,980
144,165
261,208



Depreciation


At 1 January 2023
46,492
44,980
140,373
231,845


Charge for the year on owned assets
4,220
-
634
4,854



At 31 December 2023

50,712
44,980
141,007
236,699



Net book value



At 31 December 2023
21,351
-
3,158
24,509



At 31 December 2022
1,105
-
-
1,105


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,002



At 31 December 2023
1,002




Page 7

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Concrete Information Limited
Ordinary
100%
Concrete Advisory Service Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Concrete Information Limited
1,000
-

Concrete Advisory Service Limited
2
-

Page 8

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
157,675
87,599

Other debtors
16,567
-

Prepayments and accrued income
35,695
55,024

209,937
142,623



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
901,782
974,270

901,782
974,270



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
48,207
57,955

Other taxation and social security
44,741
49,200

Other creditors
8,947
12,539

Accruals and deferred income
497,892
544,301

599,787
663,995




9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

Page 9

 
THE CONCRETE SOCIETY LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


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 £36,526 (2022 - £34,692). Contributions totalling £6,539 (2022 - £6,665) were payable to the fund at the reporting date.


11.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
40,239
53,991

Later than 1 year and not later than 5 years
119,392
-

159,631
53,991

 
Page 10