Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsefalsemotivational speaking11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09433671 2023-01-01 2023-12-31 09433671 2022-01-01 2022-12-31 09433671 2023-12-31 09433671 2022-12-31 09433671 c:Director1 2023-01-01 2023-12-31 09433671 d:FurnitureFittings 2023-01-01 2023-12-31 09433671 d:FurnitureFittings 2023-12-31 09433671 d:FurnitureFittings 2022-12-31 09433671 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09433671 d:CurrentFinancialInstruments 2023-12-31 09433671 d:CurrentFinancialInstruments 2022-12-31 09433671 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09433671 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09433671 d:ShareCapital 2023-12-31 09433671 d:ShareCapital 2022-12-31 09433671 d:RetainedEarningsAccumulatedLosses 2023-12-31 09433671 d:RetainedEarningsAccumulatedLosses 2022-12-31 09433671 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09433671 c:OrdinaryShareClass1 2023-12-31 09433671 c:FRS102 2023-01-01 2023-12-31 09433671 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09433671 c:FullAccounts 2023-01-01 2023-12-31 09433671 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09433671 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 09433671 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 09433671 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 09433671 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09433671










DENISON CLARK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DENISON CLARK LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
DENISON CLARK LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DENISON CLARK 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 Denison Clark 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 us.

As a practising 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 https://www.icaew.com/regulation.

This report is made solely to the director of Denison Clark Ltd in accordance with the terms of our engagement letter dated 28 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Denison Clark Ltd and state those matters that we have agreed to state to the director of Denison Clark Ltd 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 Denison Clark Ltd and its director for our work or for this report. 

It is your duty to ensure that Denison Clark 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 profit of Denison Clark Ltd. You consider that Denison Clark 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 Denison Clark 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
30 August 2024
Page 1

 
DENISON CLARK LTD
REGISTERED NUMBER: 09433671

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
760
924

  
760
924

Current assets
  

Debtors: amounts falling due within one year
 5 
25,058
28,841

Cash at bank and in hand
  
250,870
262,292

  
275,928
291,133

Creditors: amounts falling due within one year
 6 
(142,219)
(113,542)

Net current assets
  
 
 
133,709
 
 
177,591

Total assets less current liabilities
  
134,469
178,515

Provisions for liabilities
  

Deferred tax
  
(182)
(244)

  
 
 
(182)
 
 
(244)

Net assets
  
134,287
178,271


Capital and reserves
  

Called up share capital 
 7 
10
10

Profit and loss account
  
134,277
178,261

  
134,287
178,271


Page 2

 
DENISON CLARK LTD
REGISTERED NUMBER: 09433671
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 30 August 2024.




Miss S Clark
Director

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

Page 3

 
DENISON CLARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company incorporated in the United Kingdon and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is that of business consultancy. The principal place of trade is London.

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

Turnover

Turnover 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. Turnover 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

Turnover 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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
DENISON CLARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Current and deferred taxation

The tax expenses for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date. 
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

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

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.

Page 5

 
DENISON CLARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

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






Page 6

 
DENISON CLARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
2,620


Additions
89



At 31 December 2023

2,709



Depreciation


At 1 January 2023
1,696


Charge for the year on owned assets
253



At 31 December 2023

1,949



Net book value



At 31 December 2023
760



At 31 December 2022
924


5.


Debtors

2023
2022
£
£


Trade debtors
21,160
27,820

Other debtors
3,803
-

Prepayments and accrued income
95
1,021

25,058
28,841


Page 7

 
DENISON CLARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
71,048
90,228

Other creditors
-
8,268

Accruals and deferred income
71,171
15,046

142,219
113,542



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 Ordinary £1 shares of £1.00 each
10
10



8.


Related party transactions

The balance on the director's loan account at 31 December 2022 was £8,268 owed to the director from the company.
During the year, the company advanced £216,079 to the director and the director introduced funds into the company of £204,007
The balance on the director's loan account as at 31 December 2023 was £3,803, owing to the company from the director as included in note 5 above. The loan is repayable on demand and interest has been charged on the overdrawn balance at a rate of 2.00% up to 05 April 2023 and 2.25% thereafter amounting to £1,662 (2022: £1,807).

 
Page 8