Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false99truetruefalse 01354237 2023-01-01 2023-12-31 01354237 2022-01-01 2022-12-31 01354237 2023-12-31 01354237 2022-12-31 01354237 c:Director7 2023-01-01 2023-12-31 01354237 c:Director8 2023-01-01 2023-12-31 01354237 d:OfficeEquipment 2023-01-01 2023-12-31 01354237 d:OfficeEquipment 2023-12-31 01354237 d:OfficeEquipment 2022-12-31 01354237 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01354237 d:ComputerEquipment 2023-01-01 2023-12-31 01354237 d:ComputerEquipment 2023-12-31 01354237 d:ComputerEquipment 2022-12-31 01354237 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01354237 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01354237 d:CurrentFinancialInstruments 2023-12-31 01354237 d:CurrentFinancialInstruments 2022-12-31 01354237 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01354237 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01354237 d:RetainedEarningsAccumulatedLosses 2023-12-31 01354237 d:RetainedEarningsAccumulatedLosses 2022-12-31 01354237 c:FRS102 2023-01-01 2023-12-31 01354237 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01354237 c:FullAccounts 2023-01-01 2023-12-31 01354237 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01354237 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01354237 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 01354237 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01354237










THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED
 
(A Company Limited by Guarantee)
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ASSOCIATION OF CONSULTANT ARCHITECTS 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 The Association of Consultant Architects 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 The Association of Consultant Architects Limited, as a body, in accordance with the terms of our engagement letter dated 25th October 2019Our work has been undertaken solely to prepare for your approval the financial statements of The Association of Consultant Architects Limited and state those matters that we have agreed to state to the Board of Directors of The Association of Consultant Architects 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 The Association of Consultant Architects Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that The Association of Consultant Architects 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 loss of The Association of Consultant Architects Limited. You consider that The Association of Consultant Architects 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 The Association of Consultant Architects 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.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff on Sea
Essex
SS0 9PE
19 September 2024
Page 1

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 01354237

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
527
620

  
527
620

Current assets
  

Stocks
  
2,400
3,200

Debtors: amounts falling due within one year
 5 
768
4,016

Cash at bank and in hand
 6 
43,333
42,195

  
46,501
49,411

Creditors: amounts falling due within one year
 7 
(34,558)
(30,954)

Net current assets
  
 
 
11,943
 
 
18,457

Total assets less current liabilities
  
12,470
19,077

Provisions for liabilities
  

Deferred tax
 8 
(100)
(117)

  
 
 
(100)
 
 
(117)

Net assets
  
12,370
18,960


Capital and reserves
  

Profit and loss account
  
12,370
18,960

  
12,370
18,960


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 19 September 2024.


Page 2

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 01354237

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

P Inglis
R L Harrison
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

1.


General information

The Association of Consultant Architects Limited is a company limited by guarantee and incoporated in England and Wales. Its registered office is 601 London Road, Westcliff-On-Sea, Essex, SS0 9PE

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:

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.

 
2.3

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.

Page 4

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.4

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 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.

 
2.5

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, using both the reducing balance and straight line method..

Depreciation is provided on the following basis:

Office equipment
-
15%
Reducing balance
Computer equipment
-
25%
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.

Page 5

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.6

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 balance sheet 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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

2023
2022
£
£

Wages and salaries
28,125
24,470

Social security costs
179
-

Cost of defined contribution scheme
-
297

28,304
24,767


The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 6

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
4,570
3,000
7,570



At 31 December 2023

4,570
3,000
7,570



Depreciation


At 1 January 2023
3,950
3,000
6,950


Charge for the year on owned assets
93
-
93



At 31 December 2023

4,043
3,000
7,043



Net book value



At 31 December 2023
527
-
527



At 31 December 2022
620
-
620


5.


Debtors

2023
2022
£
£


Other debtors
768
3,067

Prepayments and accrued income
-
949

768
4,016



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
43,333
42,195

43,333
42,195


Page 7

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
253
156

Other creditors
12,436
11,875

Accruals and deferred income
21,869
18,923

34,558
30,954



8.


Deferred taxation




2023


£






At beginning of year
(118)


Charged to profit or loss
18



At end of year
(100)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(100)
(118)

(100)
(118)



9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


10.


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 £0 (2022 - £296) . Contributions totalling £252 (2022 - £146) were payable to the fund at the balance sheet date and are included in creditors.



Page 8

 
THE ASSOCIATION OF CONSULTANT ARCHITECTS LIMITED

(A Company Limited by Guarantee)
 

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

11.


Related party transactions

During the year the company had entered into transactions with A Low one of the companies directors totalling £nil..
At the year end the company had no amounts outstanding with the Director A Low.
 


Page 9