Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310No description of principal activity0falsetrue2023-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14490442 2023-03-31 14490442 2023-04-01 2023-12-31 14490442 2022-11-17 2023-03-31 14490442 2023-12-31 14490442 c:Director1 2023-04-01 2023-12-31 14490442 d:MotorVehicles 2023-04-01 2023-12-31 14490442 d:MotorVehicles 2023-12-31 14490442 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 14490442 d:CurrentFinancialInstruments 2023-12-31 14490442 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14490442 d:ShareCapital 2023-12-31 14490442 d:RetainedEarningsAccumulatedLosses 2023-12-31 14490442 c:OrdinaryShareClass1 2023-04-01 2023-12-31 14490442 c:OrdinaryShareClass1 2023-12-31 14490442 c:OrdinaryShareClass1 2023-03-31 14490442 c:FRS102 2023-04-01 2023-12-31 14490442 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 14490442 c:FullAccounts 2023-04-01 2023-12-31 14490442 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 14490442 2 2023-04-01 2023-12-31 14490442 6 2023-04-01 2023-12-31 14490442 e:PoundSterling 2023-04-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14490442










KEN LAW LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
KEN LAW LIMITED
REGISTERED NUMBER: 14490442

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
2023
Note
£

Fixed assets
  

Tangible assets
 4 
18,750

Investments
 5 
43

  
18,793

Current assets
  

Debtors: amounts falling due within one year
 6 
939,341

Cash at bank and in hand
 7 
5,165

  
944,506

Creditors: amounts falling due within one year
 8 
(919,060)

Net current assets
  
 
 
25,446

Total assets less current liabilities
  
44,239

Provisions for liabilities
  

Deferred tax
  
(3,895)

  
 
 
(3,895)

Net assets
  
40,344


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
40,244

  
40,344


Page 1

 
KEN LAW LIMITED
REGISTERED NUMBER: 14490442
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 profit and loss account 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: 




Ken Law
Director

Date: 10 September 2024

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

Page 2

 
KEN LAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Ken Law Limited, 14490442, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, United Kingdom, SY2 6LG.

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

Interest income

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

 
2.3

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.

 
2.4

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.

Page 3

 
KEN LAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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 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.

 
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.

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.

Depreciation is provided on the following basis:

Motor vehicles
-
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.

Page 4

 
KEN LAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2023 - 0).

Page 5

 
KEN LAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Motor vehicles

£



Cost or valuation


Additions
25,000



At 31 December 2023

25,000



Depreciation


Charge for the period on owned assets
6,250



At 31 December 2023

6,250



Net book value



At 31 December 2023
18,750


5.


Fixed asset investments








Unlisted investments

£



Cost or valuation


Additions
43



At 31 December 2023
43





6.


Debtors

31 December
2023
£


Amounts owed by group undertakings
939,341

939,341


Page 6

 
KEN LAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

31 December
2023
£

Cash at bank and in hand
5,165

5,165



8.


Creditors: Amounts falling due within one year

31 December
2023
£

Other taxation and social security
18,433

Other creditors
900,627

919,060



9.


Share capital

31 December
31 March
2023
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Share shares of £1.00 each
100
100


 
Page 7