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 2006.2023-01-01false78falsetruefalse 13213758 2023-12-31 13213758 2023-01-01 2023-12-31 13213758 2022-03-01 2022-12-31 13213758 2022-12-31 13213758 c:Director1 2023-01-01 2023-12-31 13213758 d:FurnitureFittings 2023-01-01 2023-12-31 13213758 d:FurnitureFittings 2023-12-31 13213758 d:FurnitureFittings 2022-12-31 13213758 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13213758 d:OfficeEquipment 2023-01-01 2023-12-31 13213758 d:OfficeEquipment 2023-12-31 13213758 d:OfficeEquipment 2022-12-31 13213758 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13213758 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13213758 d:CurrentFinancialInstruments 2023-12-31 13213758 d:CurrentFinancialInstruments 2022-12-31 13213758 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13213758 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13213758 d:ShareCapital 2023-12-31 13213758 d:ShareCapital 2022-12-31 13213758 d:RetainedEarningsAccumulatedLosses 2023-12-31 13213758 d:RetainedEarningsAccumulatedLosses 2022-12-31 13213758 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 13213758 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 13213758 c:FRS102 2023-01-01 2023-12-31 13213758 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13213758 c:FullAccounts 2023-01-01 2023-12-31 13213758 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13213758 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 13213758


FOUND BY FEW LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FOUND BY FEW LTD
REGISTERED NUMBER: 13213758

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,200
6,221

  
11,200
6,221

Current assets
  

Debtors: amounts falling due within one year
 5 
441,245
183,138

Cash at bank and in hand
 6 
41,573
187,441

  
482,818
370,579

Creditors: amounts falling due within one year
 7 
(473,177)
(281,571)

Net current assets
  
 
 
9,641
 
 
89,008

Total assets less current liabilities
  
20,841
95,229

Provisions for liabilities
  

Deferred tax
  
(2,800)
(1,555)

  
 
 
(2,800)
 
 
(1,555)

Net assets
  
18,041
93,674


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
17,941
93,574

  
18,041
93,674


Page 1

 
FOUND BY FEW LTD
REGISTERED NUMBER: 13213758
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 by: 




................................................
Ben Cambage
Director

Date: 24 September 2024

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

Page 2

 
FOUND BY FEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Found By Few Ltd is a private company, limited by shares, registered in England and Wales, registration number 13213758. The company's registered office is One New Change, New Change, London EC4M 9AF.

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

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

 
FOUND BY FEW LTD
 
 
 
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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line
Office 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.

Page 4

 
FOUND BY FEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.11

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 period was 7 (2022 - 8).

Page 5

 
FOUND BY FEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
898
7,519
8,417


Additions
1,870
7,068
8,938



At 31 December 2023

2,768
14,587
17,355



Depreciation


At 1 January 2023
168
2,027
2,195


Charge for the period on owned assets
302
3,658
3,960



At 31 December 2023

470
5,685
6,155



Net book value



At 31 December 2023
2,298
8,902
11,200



At 31 December 2022
729
5,492
6,221


5.


Debtors

2023
2022
£
£


Trade debtors
313,199
170,559

Other debtors
113,095
1,100

Prepayments and accrued income
14,951
11,479

441,245
183,138



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
41,573
187,441

41,573
187,441


Page 6

 
FOUND BY FEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,302
6,187

Corporation tax
1,036
25,946

Other taxation and social security
20,973
70,084

Other creditors
292,854
144,677

Accruals and deferred income
148,012
34,677

473,177
281,571


Included within other creditors is an amount of £110,548 secured in favour of Sonovate Limited by way of a fixed and floating charge over the assets of the company.


8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
41,573
187,441




Financial assets measured at fair value through profit or loss comprise cash at bank


9.


Pension commitments

The company contributes into a defined 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 £8,031 (2022: £6,691. Contributions totalling £4,311 (2022: £3,759) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

At the year end the company owed £177,795 (2022: £140,917) to TFS Healthcare Limited, a company under the control of Ben Cambage.


11.


Controlling party

The controlling party is the directors acting in unison.

 
Page 7