Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11053153 2022-12-01 2023-11-30 11053153 2021-12-01 2022-11-30 11053153 2023-11-30 11053153 2022-11-30 11053153 c:Director3 2022-12-01 2023-11-30 11053153 d:OfficeEquipment 2022-12-01 2023-11-30 11053153 d:OfficeEquipment 2023-11-30 11053153 d:OfficeEquipment 2022-11-30 11053153 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11053153 d:CurrentFinancialInstruments 2023-11-30 11053153 d:CurrentFinancialInstruments 2022-11-30 11053153 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11053153 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11053153 d:ShareCapital 2023-11-30 11053153 d:ShareCapital 2022-11-30 11053153 d:RetainedEarningsAccumulatedLosses 2023-11-30 11053153 d:RetainedEarningsAccumulatedLosses 2022-11-30 11053153 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11053153 c:OrdinaryShareClass1 2023-11-30 11053153 c:OrdinaryShareClass1 2022-11-30 11053153 c:FRS102 2022-12-01 2023-11-30 11053153 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11053153 c:FullAccounts 2022-12-01 2023-11-30 11053153 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11053153 2 2022-12-01 2023-11-30 11053153 6 2022-12-01 2023-11-30 11053153 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11053153









S2 WORKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
S2 WORKS LIMITED
REGISTERED NUMBER: 11053153

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,373
6,705

Investments
 5 
100
100

  
3,473
6,805

Current assets
  

Debtors: amounts falling due within one year
 6 
1,894,368
1,857,686

Cash at bank and in hand
 7 
819,319
401,174

  
2,713,687
2,258,860

Creditors: amounts falling due within one year
 8 
(2,577,260)
(2,132,705)

Net current assets
  
 
 
136,427
 
 
126,155

Total assets less current liabilities
  
139,900
132,960

  

Net assets
  
139,900
132,960


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
139,898
132,958

  
139,900
132,960


Page 1

 
S2 WORKS LIMITED
REGISTERED NUMBER: 11053153
    
STATEMENT OF FINANCIAL POSITION (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 her 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 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 by: 



V Shyfrin
Director

Date: 2 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
S2 WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

S2 Works Limited is a private company limited by shares and is incorporated in England. Its registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Going concern

In assessing the ability of the company to operate as a going concern, management has evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
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.

Page 3

 
S2 WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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 Statement of financial position. 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 reporting 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.

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:

Office equipment
-
25%
straight line method

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.

Page 4

 
S2 WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1).

Page 5

 
S2 WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2022
13,329



At 30 November 2023

13,329



Depreciation


At 1 December 2022
6,624


Charge for the year on owned assets
3,332



At 30 November 2023

9,956



Net book value



At 30 November 2023
3,373



At 30 November 2022
6,706


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 December 2022
100



At 30 November 2023
100




Page 6

 
S2 WORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,894,368
1,857,686

1,894,368
1,857,686



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
819,319
401,174

819,319
401,174



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
3,399

Corporation tax
29,708
25,706

Other taxation and social security
8,203
5,154

Other creditors
2,535,849
2,094,946

Accruals and deferred income
3,500
3,500

2,577,260
2,132,705



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



10.


Related party transactions

Included in other creditors is an amount of £200,478 (2022: £231,522) due to the director.

 
Page 7