Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity45falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11488477 2023-01-01 2023-12-31 11488477 2022-01-01 2022-12-31 11488477 2023-12-31 11488477 2022-12-31 11488477 c:Director1 2023-01-01 2023-12-31 11488477 c:Director2 2023-01-01 2023-12-31 11488477 d:FurnitureFittings 2023-01-01 2023-12-31 11488477 d:FurnitureFittings 2023-12-31 11488477 d:FurnitureFittings 2022-12-31 11488477 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11488477 d:OfficeEquipment 2023-01-01 2023-12-31 11488477 d:OfficeEquipment 2023-12-31 11488477 d:OfficeEquipment 2022-12-31 11488477 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11488477 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11488477 d:CurrentFinancialInstruments 2023-12-31 11488477 d:CurrentFinancialInstruments 2022-12-31 11488477 d:Non-currentFinancialInstruments 2023-12-31 11488477 d:Non-currentFinancialInstruments 2022-12-31 11488477 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11488477 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11488477 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11488477 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11488477 d:ShareCapital 2023-12-31 11488477 d:ShareCapital 2022-12-31 11488477 d:SharePremium 2023-12-31 11488477 d:SharePremium 2022-12-31 11488477 d:RetainedEarningsAccumulatedLosses 2023-12-31 11488477 d:RetainedEarningsAccumulatedLosses 2022-12-31 11488477 c:FRS102 2023-01-01 2023-12-31 11488477 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11488477 c:FullAccounts 2023-01-01 2023-12-31 11488477 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11488477 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11488477












THE CLV GROUP LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
 31 DECEMBER 2023





















 


img3e18.png
01483 755 399
hamlyns.com

 
THE CLV GROUP LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE CLV GROUP LTD
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 The CLV Group Ltd for the year ended 31 December 2023 which comprise  the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a 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 http://www.icaew.com /en/membership/
regulations-standards-and-guidance.


This report is made solely to the board of directors of The CLV Group Ltd, as a body, in accordance with the terms of our engagement at hamlyns.com/tac. Our work has been undertaken solely to prepare for your approval the financial statements of The CLV Group Ltd and state those matters that we have agreed to state to the board of directors of The CLV Group Ltd, 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 The CLV Group Ltd and its board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that The CLV Group Ltd 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 loss of The CLV Group Ltd. You consider that The CLV Group Ltd 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 The CLV Group Ltd. 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.





Hamlyns Limited
 
Chartered Accountants
  
Sundial House
High Street
Horsell
Woking
Surrey
GU21 4SU

27 August 2024
Page 1

 
THE CLV GROUP LTD
REGISTERED NUMBER: 11488477

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,939
8,765

  
7,939
8,765

Current assets
  

Debtors: amounts falling due within one year
 5 
588,481
540,125

Cash at bank and in hand
 6 
24,529
212,345

  
613,010
752,470

Creditors: amounts falling due within one year
 7 
(247,850)
(206,189)

Net current assets
  
 
 
365,160
 
 
546,281

Total assets less current liabilities
  
373,099
555,046

Creditors: amounts falling due after more than one year
 8 
(15,000)
(25,000)

  

Net assets
  
358,099
530,046


Capital and reserves
  

Called up share capital 
  
1,106
1,106

Share premium account
  
174,770
174,770

Profit and loss account
  
182,223
354,170

  
358,099
530,046


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 profit and loss account 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 27 August 2024.



Page 2

 
THE CLV GROUP LTD
REGISTERED NUMBER: 11488477

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


___________________________
N Joyce
___________________________
J Williams
Director
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 3

 
THE CLV GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The CLV Group Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11488477 and registered office address is Sundial House, 98 High Street, Horsell, Woking, GU21 4SU.

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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
THE CLV GROUP 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

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.

 
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 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.

Page 5

 
THE CLV GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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, 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).

Page 6

 
THE CLV GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
3,549
11,073
14,622


Additions
114
1,964
2,078



At 31 December 2023

3,663
13,037
16,700



Depreciation


At 1 January 2023
1,554
4,303
5,857


Charge for the year on owned assets
1,730
1,174
2,904



At 31 December 2023

3,284
5,477
8,761



Net book value



At 31 December 2023
379
7,560
7,939



At 31 December 2022
1,995
6,770
8,765


5.


Debtors

2023
2022
£
£


Trade debtors
310,127
36,000

Other debtors
277,333
501,527

Prepayments and accrued income
1,021
2,598

588,481
540,125



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,529
212,345

24,529
212,345


Page 7

 
THE CLV GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
150,792
87,322

Corporation tax
-
15,248

Other taxation and social security
51,484
47,030

Other creditors
31,139
42,799

Accruals and deferred income
4,435
3,790

247,850
206,189



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,000
25,000

15,000
25,000



Page 8