Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31384222No description of principal activity2023-04-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10958150 2023-04-01 2024-03-31 10958150 2022-04-01 2023-03-31 10958150 2024-03-31 10958150 2023-03-31 10958150 c:Director1 2023-04-01 2024-03-31 10958150 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 10958150 d:Buildings d:ShortLeaseholdAssets 2024-03-31 10958150 d:Buildings d:ShortLeaseholdAssets 2023-03-31 10958150 d:MotorVehicles 2023-04-01 2024-03-31 10958150 d:MotorVehicles 2024-03-31 10958150 d:MotorVehicles 2023-03-31 10958150 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10958150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10958150 d:OfficeEquipment 2023-04-01 2024-03-31 10958150 d:OfficeEquipment 2024-03-31 10958150 d:OfficeEquipment 2023-03-31 10958150 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10958150 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10958150 d:ComputerEquipment 2023-04-01 2024-03-31 10958150 d:ComputerEquipment 2024-03-31 10958150 d:ComputerEquipment 2023-03-31 10958150 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10958150 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10958150 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10958150 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10958150 d:Goodwill 2023-04-01 2024-03-31 10958150 d:Goodwill 2024-03-31 10958150 d:Goodwill 2023-03-31 10958150 d:CurrentFinancialInstruments 2024-03-31 10958150 d:CurrentFinancialInstruments 2023-03-31 10958150 d:Non-currentFinancialInstruments 2024-03-31 10958150 d:Non-currentFinancialInstruments 2023-03-31 10958150 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10958150 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10958150 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10958150 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10958150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10958150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10958150 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10958150 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10958150 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10958150 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 10958150 d:ShareCapital 2024-03-31 10958150 d:ShareCapital 2023-03-31 10958150 d:RetainedEarningsAccumulatedLosses 2024-03-31 10958150 d:RetainedEarningsAccumulatedLosses 2023-03-31 10958150 c:FRS102 2023-04-01 2024-03-31 10958150 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10958150 c:FullAccounts 2023-04-01 2024-03-31 10958150 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10958150 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 10958150 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 10958150 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 10958150 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 10958150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 10958150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 10958150 d:LeasedAssetsHeldAsLessee 2024-03-31 10958150 d:LeasedAssetsHeldAsLessee 2023-03-31 10958150 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 10958150 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10958150





GRIFFIN AUDIT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024








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GRIFFIN AUDIT LIMITED
REGISTERED NUMBER: 10958150

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
54,650
68,506

Tangible assets
 5 
251,486
179,694

  
306,136
248,200

Current assets
  

Debtors: amounts falling due within one year
 6 
413,198
355,280

Cash at bank and in hand
 7 
38,398
78,534

  
451,596
433,814

Creditors: amounts falling due within one year
 8 
(182,017)
(176,090)

Net current assets
  
 
 
269,579
 
 
257,724

Total assets less current liabilities
  
575,715
505,924

Creditors: amounts falling due after more than one year
 9 
(266,652)
(277,516)

  

Net assets
  
309,063
228,408


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
308,963
228,308

  
309,063
228,408


Page 1

 
GRIFFIN AUDIT LIMITED
REGISTERED NUMBER: 10958150
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 11 September 2024.




Misty-Jane Nickells
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

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

1.


General information

Griffin Audit Limited is a private company, limited by shares, domiciled in England. The registered office is Silverdown Office Park, Exeter Airport Business Park, Exeter, EX5 2UX.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

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

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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 balance sheet date in the countries where the Company operates and generates income.

Page 4

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

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Short-term leasehold property
-
Over the length of the lease
Motor vehicles
-
15% Reducing Balance
Office equipment
-
7 Years
Computer equipment
-
4 Years

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 5

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 23 (2023 - 22).

Page 6

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
138,556



At 31 March 2024

138,556



Amortisation


At 1 April 2023
70,050


Charge for the year on owned assets
13,856



At 31 March 2024

83,906



Net book value



At 31 March 2024
54,650



At 31 March 2023
68,506



Page 7

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

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
5,275
181,445
26,073
32,686
245,479


Additions
51,972
51,090
6,333
5,491
114,886


Disposals
(5,275)
-
(2,000)
(1,209)
(8,484)



At 31 March 2024

51,972
232,535
30,406
36,968
351,881



Depreciation


At 1 April 2023
1,006
22,655
17,420
24,704
65,785


Charge for the year on owned assets
3,842
-
3,634
4,329
11,805


Charge for the year on financed assets
-
25,734
-
-
25,734


Disposals
(1,006)
-
(738)
(1,185)
(2,929)



At 31 March 2024

3,842
48,389
20,316
27,848
100,395



Net book value



At 31 March 2024
48,130
184,146
10,090
9,120
251,486



At 31 March 2023
4,269
158,790
8,653
7,982
179,694

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
184,146
158,050

184,146
158,050


6.


Debtors

2024
2023
£
£

Page 8

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

6.Debtors (continued)


Trade debtors
159,351
144,279

Amounts owed by group undertakings
225,475
176,725

Other debtors
4,114
1,000

Prepayments and accrued income
24,258
33,276

413,198
355,280



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,398
78,534

38,398
78,534



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,816
42,426

Trade creditors
4,662
7,734

Corporation tax
20,665
21,255

Other taxation and social security
79,438
68,406

Obligations under finance lease and hire purchase contracts
42,810
31,438

Other creditors
5,626
4,831

182,017
176,090



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
145,408
162,972

Net obligations under finance leases and hire purchase contracts
121,244
114,544

266,652
277,516


Page 9

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
28,816
42,426


28,816
42,426

Amounts falling due 1-2 years

Bank loans
30,973
28,816


30,973
28,816

Amounts falling due 2-5 years

Bank loans
107,954
122,119


107,954
122,119

Amounts falling due after more than 5 years

Bank loans
6,481
12,037

6,481
12,037

174,224
205,398



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
42,810
31,438

Between 1-5 years
121,244
114,544

164,054
145,982

Page 10

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

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,056 (2023 - £8,885). Contributions totalling £1,814 (2023 - £2,089) were payable to the fund at the balance sheet date and are included in creditors.

Page 11