Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity3535trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11436873 2023-04-01 2024-03-31 11436873 2022-04-01 2023-03-31 11436873 2024-03-31 11436873 2023-03-31 11436873 2022-04-01 11436873 c:Director1 2023-04-01 2024-03-31 11436873 d:MotorVehicles 2023-04-01 2024-03-31 11436873 d:MotorVehicles 2024-03-31 11436873 d:MotorVehicles 2023-03-31 11436873 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11436873 d:OfficeEquipment 2023-04-01 2024-03-31 11436873 d:OfficeEquipment 2024-03-31 11436873 d:OfficeEquipment 2023-03-31 11436873 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11436873 d:ComputerEquipment 2023-04-01 2024-03-31 11436873 d:ComputerEquipment 2024-03-31 11436873 d:ComputerEquipment 2023-03-31 11436873 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11436873 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11436873 d:CurrentFinancialInstruments 2024-03-31 11436873 d:CurrentFinancialInstruments 2023-03-31 11436873 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11436873 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11436873 d:ShareCapital 2024-03-31 11436873 d:ShareCapital 2023-03-31 11436873 d:RetainedEarningsAccumulatedLosses 2024-03-31 11436873 d:RetainedEarningsAccumulatedLosses 2023-03-31 11436873 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11436873 c:OrdinaryShareClass1 2024-03-31 11436873 c:FRS102 2023-04-01 2024-03-31 11436873 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11436873 c:FullAccounts 2023-04-01 2024-03-31 11436873 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11436873 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11436873 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11436873 2 2023-04-01 2024-03-31 11436873 6 2023-04-01 2024-03-31 11436873 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11436873














FMAP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
FMAP LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
FMAP LIMITED
REGISTERED NUMBER:11436873

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
75,563
92,226

Investments
 5 
12,832
12,832

  
88,395
105,058

Current assets
  

Debtors: amounts falling due within one year
 6 
1,019,139
239,196

Cash at bank and in hand
  
631,246
1,866,499

  
1,650,385
2,105,695

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,135,854)
(1,465,698)

Net current assets
  
 
 
514,531
 
 
639,997

Total assets less current liabilities
  
602,926
745,055

Provisions for liabilities
  

Deferred tax
 8 
(14,356)
(17,522)

Net assets
  
588,570
727,533


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
588,470
727,433

  
588,570
727,533


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 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: 



Page 1

 
FMAP LIMITED
REGISTERED NUMBER:11436873
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024




The Rt Hon Lord Maude of Horsham
Director

Date: 27 August 2024

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

Page 2

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company's legal form is that of a private limited company registered in England & Wales. The Company's registered office and principal place of business is at Alliance House, 12 Caxton Street, London, SW1H 0QL. 
The principal activity of the Company is the provision of implementation advice on efficiency and public sector reform to foreign governments.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax 
Turnover is recognised in the period in which the service is provided. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
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.

Page 3

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance/ straight line basis.

Depreciation is provided on the following basis:

Motor vehicles
-
13%
straight line
Office equipment
-
25%
straight line
Computer equipment
-
25%
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.

 
2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

Page 4

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.14

Pensions

Defined contribution pension plan
The Company contributes to 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 the Statement of Comprehensive Income 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2023 - 35).

Page 5

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2023
71,396
10,585
66,245
148,226


Additions
-
-
8,810
8,810


Disposals
-
-
(7,115)
(7,115)



At 31 March 2024

71,396
10,585
67,940
149,921



Depreciation


At 1 April 2023
8,925
8,680
38,395
56,000


Charge for the year on owned assets
8,924
1,693
14,243
24,860


Disposals
-
-
(6,502)
(6,502)



At 31 March 2024

17,849
10,373
46,136
74,358



Net book value



At 31 March 2024
53,547
212
21,804
75,563



At 31 March 2023
62,471
1,905
27,850
92,226

Page 6

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
12,832



At 31 March 2024
12,832





6.


Debtors

2024
2023
£
£


Trade debtors
885,830
5,500

Other debtors
43,407
83,594

Prepayments and accrued income
38,674
150,102

Tax recoverable
51,228
-

1,019,139
239,196



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,707
17,200

Amounts owed to group undertakings
889,194
689,338

Taxation and social security
111,439
155,167

Other creditors
33,259
37,726

Accruals and deferred income
73,255
566,267

1,135,854
1,465,698


Page 7

 
FMAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(17,522)
(5,583)


Charged to profit or loss
3,166
(11,939)



At end of year
(14,356)
(17,522)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
14,356
17,522


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


 
Page 8