Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity911truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09637098 2023-01-01 2023-12-31 09637098 2022-01-01 2022-12-31 09637098 2023-12-31 09637098 2022-12-31 09637098 c:Director2 2023-01-01 2023-12-31 09637098 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 09637098 d:Buildings d:LongLeaseholdAssets 2023-12-31 09637098 d:Buildings d:LongLeaseholdAssets 2022-12-31 09637098 d:PlantMachinery 2023-01-01 2023-12-31 09637098 d:PlantMachinery 2023-12-31 09637098 d:PlantMachinery 2022-12-31 09637098 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09637098 d:FurnitureFittings 2023-01-01 2023-12-31 09637098 d:FurnitureFittings 2023-12-31 09637098 d:FurnitureFittings 2022-12-31 09637098 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09637098 d:OfficeEquipment 2023-01-01 2023-12-31 09637098 d:OfficeEquipment 2023-12-31 09637098 d:OfficeEquipment 2022-12-31 09637098 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09637098 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09637098 d:ComputerSoftware 2023-12-31 09637098 d:ComputerSoftware 2022-12-31 09637098 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09637098 d:CurrentFinancialInstruments 2023-12-31 09637098 d:CurrentFinancialInstruments 2022-12-31 09637098 d:Non-currentFinancialInstruments 2023-12-31 09637098 d:Non-currentFinancialInstruments 2022-12-31 09637098 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09637098 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09637098 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09637098 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09637098 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09637098 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09637098 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09637098 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09637098 d:ShareCapital 2023-12-31 09637098 d:ShareCapital 2022-12-31 09637098 d:CapitalRedemptionReserve 2023-12-31 09637098 d:CapitalRedemptionReserve 2022-12-31 09637098 d:RetainedEarningsAccumulatedLosses 2023-12-31 09637098 d:RetainedEarningsAccumulatedLosses 2022-12-31 09637098 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09637098 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09637098 c:FRS102 2023-01-01 2023-12-31 09637098 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09637098 c:FullAccounts 2023-01-01 2023-12-31 09637098 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09637098 d:WithinOneYear 2023-12-31 09637098 d:WithinOneYear 2022-12-31 09637098 d:BetweenOneFiveYears 2023-12-31 09637098 d:BetweenOneFiveYears 2022-12-31 09637098 2 2023-01-01 2023-12-31 09637098 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 09637098 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09637098










CITY STRONGMAN LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CITY STRONGMAN LTD
REGISTERED NUMBER: 09637098

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
13,440
16,520

Tangible assets
 5 
116,963
138,611

  
130,403
155,131

Current assets
  

Debtors: amounts falling due within one year
 6 
299,155
169,397

Cash at bank and in hand
  
20,592
9,356

  
319,747
178,753

Creditors: amounts falling due within one year
 7 
(1,099,307)
(831,247)

Net current liabilities
  
 
 
(779,560)
 
 
(652,494)

Total assets less current liabilities
  
(649,157)
(497,363)

Creditors: amounts falling due after more than one year
 8 
(20,249)
(30,139)

Provisions for liabilities
  

Deferred tax
 10 
(23,941)
(28,509)

Net liabilities
  
(693,347)
(556,011)


Capital and reserves
  

Called up share capital 
  
800
800

Capital redemption reserve
  
400
400

Profit and loss account
  
(694,547)
(557,211)

  
(693,347)
(556,011)

Page 1

 
CITY STRONGMAN LTD
REGISTERED NUMBER: 09637098
    
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 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 by: 






J C Vacassin
Director

Date: 26 September 2024

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

City Strongman Ltd (company number 09637098) is a private company limited by shares incorporated in England and Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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

Total liabilities exceeds current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from its directors, shareholders and creditors. Accordingly the directors consider that it is appropriate to prepare the accounts on a going concern basis.

 
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:

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

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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 4

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
10
years

 
2.11

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 5

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
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 methods as detailed below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the life of the lease
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.

 
2.12

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.

 
2.13

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.

 
2.14

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 recharged to the company, including directors, during the year was 9 (2022 - 11).

Page 6

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
16,800



At 31 December 2023

16,800



Amortisation


At 1 January 2023
280


Charge for the year on owned assets
3,080



At 31 December 2023

3,360



Net book value



At 31 December 2023
13,440



At 31 December 2022
16,520



Page 7

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
92,191
112,294
86,026
7,505
298,016


Additions
3,991
13,129
-
1,557
18,677


Disposals
-
-
(126)
-
(126)



At 31 December 2023

96,182
125,423
85,900
9,062
316,567



Depreciation


At 1 January 2023
25,356
69,735
61,020
3,294
159,405


Charge for the year on owned assets
15,014
10,582
11,961
2,642
40,199



At 31 December 2023

40,370
80,317
72,981
5,936
199,604



Net book value



At 31 December 2023
55,812
45,106
12,919
3,126
116,963



At 31 December 2022
66,835
42,559
25,006
4,211
138,611

Page 8

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
800
6,769

Amounts owed by group undertakings
140,948
99,977

Other debtors
64,449
16,396

Prepayments and accrued income
92,958
46,255

299,155
169,397



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,051
10,051

Trade creditors
92,082
60,203

Amounts owed to group undertakings
690,128
499,815

Other taxation and social security
57,445
23,673

Other creditors
87,804
98,045

Accruals and deferred income
161,797
139,460

1,099,307
831,247



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,249
30,139


Page 9

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,051
10,051

Amounts falling due 1-2 years

Bank loans
10,051
10,233

Amounts falling due 2-5 years

Bank loans
10,198
19,908


30,300
40,192



10.


Deferred taxation




2023


£






At beginning of year
(28,509)


Charged to profit or loss
4,568



At end of year
(23,941)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(23,941)
(28,509)

(23,941)
(28,509)

Page 10

 
CITY STRONGMAN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
33,363
97,451

Later than 1 year and not later than 5 years
77,847
111,210

111,210
208,661


12.


Related party transactions

At the year end the company was owed £579 (2022 - £579) by a director of the company, in respect of an interest free loan which is repayable on demand.
 
Page 11