Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falsecontinues to be that of security consultancy.11truefalse 09779630 2023-01-01 2023-12-31 09779630 2022-01-01 2022-12-31 09779630 2023-12-31 09779630 2022-12-31 09779630 c:Director1 2023-01-01 2023-12-31 09779630 d:CurrentFinancialInstruments 2023-12-31 09779630 d:CurrentFinancialInstruments 2022-12-31 09779630 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09779630 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09779630 d:ShareCapital 2023-12-31 09779630 d:ShareCapital 2022-12-31 09779630 d:RetainedEarningsAccumulatedLosses 2023-12-31 09779630 d:RetainedEarningsAccumulatedLosses 2022-12-31 09779630 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09779630 c:OrdinaryShareClass1 2023-12-31 09779630 c:FRS102 2023-01-01 2023-12-31 09779630 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09779630 c:FullAccounts 2023-01-01 2023-12-31 09779630 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09779630 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09779630









DEF - FIRST LTD








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DEF - FIRST LTD
REGISTERED NUMBER: 09779630

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
31,210
32,162

  
31,210
32,162

Creditors: amounts falling due within one year
 4 
(11,528)
(9,177)

Net current assets
  
 
 
19,682
 
 
22,985

Total assets less current liabilities
  
19,682
22,985

  

Net assets
  
19,682
22,985


Capital and reserves
  

Called up share capital 
 5 
1
1

Profit and loss account
  
19,681
22,984

  
19,682
22,985


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 his 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 5 September 2024.




Carl Scott
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DEF - FIRST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is registered in England and Wales. It's registered office is Stanley House, 27 Wellington Road, Bilston, West Midlands WV14 6AH. The company's principal activity continues to be that of security consultancy.

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 Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

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 2

 
DEF - FIRST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

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.


3.


Employees

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


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
111
111

Other creditors
10,817
8,586

Accruals and deferred income
600
480

11,528
9,177


Page 3

 
DEF - FIRST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 -  ordinary share of £1.00
1
1


 
Page 4