Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity1414truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07376459 2023-01-01 2023-12-31 07376459 2022-01-01 2022-12-31 07376459 2023-12-31 07376459 2022-12-31 07376459 c:Director1 2023-01-01 2023-12-31 07376459 c:Director2 2023-01-01 2023-12-31 07376459 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 07376459 d:Buildings d:LongLeaseholdAssets 2023-12-31 07376459 d:Buildings d:LongLeaseholdAssets 2022-12-31 07376459 d:FurnitureFittings 2023-01-01 2023-12-31 07376459 d:FurnitureFittings 2023-12-31 07376459 d:FurnitureFittings 2022-12-31 07376459 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07376459 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07376459 d:CurrentFinancialInstruments 2023-12-31 07376459 d:CurrentFinancialInstruments 2022-12-31 07376459 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07376459 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07376459 d:ShareCapital 2023-12-31 07376459 d:ShareCapital 2022-12-31 07376459 d:RetainedEarningsAccumulatedLosses 2023-12-31 07376459 d:RetainedEarningsAccumulatedLosses 2022-12-31 07376459 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07376459 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07376459 c:FRS102 2023-01-01 2023-12-31 07376459 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07376459 c:FullAccounts 2023-01-01 2023-12-31 07376459 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07376459 2 2023-01-01 2023-12-31 07376459 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07376459









ANSTEY ROAD BUSINESS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ANSTEY ROAD BUSINESS LIMITED
REGISTERED NUMBER: 07376459

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
84,786
89,010

  
84,786
89,010

Current assets
  

Stocks
  
205,560
189,390

Debtors
 5 
285,180
250,362

Cash at bank and in hand
  
350,200
297,207

  
840,940
736,959

Creditors: amounts falling due within one year
 6 
(640,373)
(556,924)

Net current assets
  
 
 
200,567
 
 
180,035

Total assets less current liabilities
  
285,353
269,045

Provisions for liabilities
  

Deferred tax
  
(1,958)
(1,912)

  
 
 
(1,958)
 
 
(1,912)

Net assets
  
283,395
267,133


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
283,295
267,033

  
283,395
267,133


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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ANSTEY ROAD BUSINESS LIMITED
REGISTERED NUMBER: 07376459
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




Mr Wasif A Ansari
Mrs Rosemary A Lewis
Director
Director

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

Page 2

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Anstey Road Business Limited is a private company limited by share capital, incorporated in England and
Wales under registration number: 07376459. The address of registered office is 37 Warren Street,
London W1T 6AD. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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 Income statement in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

Page 4

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 and straight line..

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
 straight line
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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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 14 (2022 - 14).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
99,667
40,213
139,880


Additions
-
379
379



At 31 December 2023

99,667
40,592
140,259



Depreciation


At 1 January 2023
20,720
30,150
50,870


Charge for the year on owned assets
1,993
2,610
4,603



At 31 December 2023

22,713
32,760
55,473



Net book value



At 31 December 2023
76,954
7,832
84,786



At 31 December 2022
78,947
10,063
89,010


5.


Debtors

2023
2022
£
£


Trade debtors
245,674
214,562

VAT repayable
35,268
29,524

Prepayments
4,238
6,276
Page 6

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.Debtors (continued)


285,180
250,362



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
554,266
486,910

Corporation tax
71,744
45,685

Other taxation and social security
3,723
3,555

Accruals and deferred income
10,640
20,774

640,373
556,924



7.


Deferred taxation




2023


£






At beginning of year
(1,913)


Charged to profit or loss
(46)



At end of year
(1,959)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,959)
(1,913)

(1,959)
(1,913)


8.


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 £3,958 (2022 - £3,485).

Page 7

 
ANSTEY ROAD BUSINESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Controlling party

The company is under the control by MTA Business Ltd, by virtue of the fact that it owns 75% of the issued share capital of the company.

 
Page 8