Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3162023-01-015falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05321651 2023-01-01 2023-12-31 05321651 2022-01-01 2022-12-31 05321651 2023-12-31 05321651 2022-12-31 05321651 c:Director1 2023-01-01 2023-12-31 05321651 d:FurnitureFittings 2023-01-01 2023-12-31 05321651 d:FurnitureFittings 2023-12-31 05321651 d:FurnitureFittings 2022-12-31 05321651 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05321651 d:OfficeEquipment 2023-01-01 2023-12-31 05321651 d:OfficeEquipment 2023-12-31 05321651 d:OfficeEquipment 2022-12-31 05321651 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05321651 d:ComputerEquipment 2023-01-01 2023-12-31 05321651 d:ComputerEquipment 2023-12-31 05321651 d:ComputerEquipment 2022-12-31 05321651 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05321651 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05321651 d:CurrentFinancialInstruments 2023-12-31 05321651 d:CurrentFinancialInstruments 2022-12-31 05321651 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05321651 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05321651 d:ShareCapital 2023-12-31 05321651 d:ShareCapital 2022-12-31 05321651 d:CapitalRedemptionReserve 2023-12-31 05321651 d:CapitalRedemptionReserve 2022-12-31 05321651 d:RetainedEarningsAccumulatedLosses 2023-12-31 05321651 d:RetainedEarningsAccumulatedLosses 2022-12-31 05321651 c:FRS102 2023-01-01 2023-12-31 05321651 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05321651 c:FullAccounts 2023-01-01 2023-12-31 05321651 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05321651 6 2023-01-01 2023-12-31 05321651 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 05321651








CENSEO ACTUARIES & CONSULTANTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023
















Fletcher & Partners
Chartered Accountants
Salisbury

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CENSEO ACTUARIES & CONSULTANTS LIMITED
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 Censeo Actuaries & Consultants Limited 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 Board of directors of Censeo Actuaries & Consultants Limited, as a body, in accordance with the terms of our engagement letter dated 16 September 2010Our work has been undertaken solely to prepare for your approval the financial statements of Censeo Actuaries & Consultants Limited and state those matters that we have agreed to state to the Board of directors of Censeo Actuaries & Consultants Limited, as a body, 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 Censeo Actuaries & Consultants Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Censeo Actuaries & Consultants Limited 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 Censeo Actuaries & Consultants Limited. You consider that Censeo Actuaries & Consultants Limited 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 Censeo Actuaries & Consultants Limited. 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.

  



Fletcher & Partners
 
Chartered Accountants
  
Crown Chambers
Bridge Street
Salisbury
Wiltshire
SP1 2LZ
19 September 2024
Page 1

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
REGISTERED NUMBER: 05321651

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,309
3,291

Investments
 6 
215,202
368,401

  
216,511
371,692

Current assets
  

Debtors: amounts falling due within one year
 7 
241,589
190,161

Cash at bank and in hand
  
216,490
123,798

  
458,079
313,959

Creditors: amounts falling due within one year
 8 
(278,770)
(192,294)

Net current assets
  
 
 
179,309
 
 
121,665

  

Net assets
  
395,820
493,357


Capital and reserves
  

Called up share capital 
  
10,000
25,000

Capital redemption reserve
  
15,000
-

Profit and loss account
  
370,820
468,357

  
395,820
493,357


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: 



Mrs S G Higgins
Director
Date: 19 September 2024

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

Page 2

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Censeo Actuaries & Consultants Limited is a private company limited by shares, incorporated in England and Wales, registered number 05321651. Its registered office is Alexandra House, St Johns Street, Salisbury, Wiltshire, SP1 2SB.

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

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
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

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

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Fixtures & fittings
-
20%
straight line
Office equipment
-
20%
straight line
Computer equipment
-
33%
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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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.

 
2.10

Pensions

The company contributes to a group personal pension scheme under auto enrolment. 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 Balance sheet.

Page 4

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.


3.


Employees

2023
2022
£
£

Wages and salaries
257,615
243,374

Social security costs
24,743
19,963

Cost of defined contribution scheme
45,175
6,224

327,533
269,561


The average monthly number of employees, including directors, during the year was 5 (2022 - 6).


4.


Pension commitments

The Company makes contributions to a group personal pension scheme on behalf of its employees. The assets of those schemes are held separately from those of the Company in independently administered schemes. The pension cost charge represents contributions payable by the Company to the schemes and amounted to £45,175 (2023 - £6,224). Contributions of £38,503 were outstanding at the balance sheet date (2023 - £550).

Page 5

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Fixtures & fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
652
1,294
10,984
12,930


Additions
-
-
1,742
1,742


Disposals
-
-
(2,219)
(2,219)



At 31 December 2023

652
1,294
10,507
12,453



Depreciation


At 1 January 2023
652
1,294
7,693
9,639


Charge for the year on owned assets
-
-
1,690
1,690


Disposals
-
-
(185)
(185)



At 31 December 2023

652
1,294
9,198
11,144



Net book value



At 31 December 2023
-
-
1,309
1,309



At 31 December 2022
-
-
3,291
3,291

Page 6

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
368,401



At 31 December 2023

368,401



Impairment


Charge for the period
153,199



At 31 December 2023

153,199



Net book value



At 31 December 2023
215,202



At 31 December 2022
368,401


7.


Debtors

2023
2022
£
£


Trade debtors
198,055
160,507

Prepayments and accrued income
43,534
29,654

241,589
190,161



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
55,163
26,126

Amounts owed to group undertakings
106,366
101,319

Corporation tax
18,892
6,658

Other taxation and social security
54,948
40,702

Other creditors
1,259
811

Accruals and deferred income
42,142
16,678

278,770
192,294


Page 7

 
CENSEO ACTUARIES & CONSULTANTS LIMITED
 

Page 8