Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activityfalse162022-12-01false14falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07943011 2022-12-01 2023-11-30 07943011 2021-12-01 2022-11-30 07943011 2023-11-30 07943011 2022-11-30 07943011 2021-12-01 07943011 c:Director1 2022-12-01 2023-11-30 07943011 d:CurrentFinancialInstruments 2023-11-30 07943011 d:CurrentFinancialInstruments 2022-11-30 07943011 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07943011 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07943011 d:ShareCapital 2023-11-30 07943011 d:ShareCapital 2022-11-30 07943011 d:ShareCapital 2021-12-01 07943011 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 07943011 d:RetainedEarningsAccumulatedLosses 2023-11-30 07943011 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 07943011 d:RetainedEarningsAccumulatedLosses 2022-11-30 07943011 d:RetainedEarningsAccumulatedLosses 2021-12-01 07943011 c:OrdinaryShareClass1 2022-12-01 2023-11-30 07943011 c:OrdinaryShareClass1 2023-11-30 07943011 c:OrdinaryShareClass1 2022-11-30 07943011 c:FRS102 2022-12-01 2023-11-30 07943011 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07943011 c:FullAccounts 2022-12-01 2023-11-30 07943011 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07943011 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  07943011














FSEV LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023


 
FSEV LIMITED
REGISTERED NUMBER: 07943011

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
286,794
278,371

Cash at bank and in hand
 5 
26,151
1,383

  
312,945
279,754

Creditors: amounts falling due within one year
 6 
(212,055)
(200,721)

Net current assets
  
 
 
100,890
 
 
79,033

Total assets less current liabilities
  
100,890
79,033

  

Net assets
  
100,890
79,033


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
100,889
79,032

  
100,890
79,033


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 27 August 2024.



L Wardle
Director

Page 1

 
FSEV LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2022
1
79,032
79,033



Profit for the period
-
21,857
21,857


At 30 November 2023
1
100,889
100,890


The notes on pages 3 to 6 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2021
1
54,206
54,207



Profit for the year
-
24,826
24,826


At 30 November 2022
1
79,032
79,033


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FSEV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

The entity is a private limited liability company, limited by shares registered in England and Wales within the United Kingdom. The registered office is 1804 Beetham Tower, 111 Old Hall Street, Liverpool, L3 9BD and the company number is 07943011.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

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.

 
2.4

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.

Page 3

 
FSEV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2023
        2022
            No.
            No.







Administration
14
16

Page 4

 
FSEV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
109,794
92,371

Other debtors
177,000
186,000

286,794
278,371



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
26,151
1,383

26,151
1,383



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
177,357
146,420

Corporation tax
5,240
7,982

Other taxation and social security
27,495
44,134

Other creditors
763
1,185

Accruals and deferred income
1,200
1,000

212,055
200,721



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


Page 5

 
FSEV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

8.


Related party transactions

Included within the accounts is an amount of £nil (2022: £40,540) owed from related parties.
All transactions were conducted at an arms length basis.

 
Page 6