Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04248374 2023-01-01 2023-12-31 04248374 2022-01-01 2022-12-31 04248374 2023-12-31 04248374 2022-12-31 04248374 c:Director1 2023-01-01 2023-12-31 04248374 d:FurnitureFittings 2023-01-01 2023-12-31 04248374 d:FurnitureFittings 2023-12-31 04248374 d:FurnitureFittings 2022-12-31 04248374 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04248374 d:OfficeEquipment 2023-01-01 2023-12-31 04248374 d:OfficeEquipment 2023-12-31 04248374 d:OfficeEquipment 2022-12-31 04248374 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04248374 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04248374 d:CurrentFinancialInstruments 2023-12-31 04248374 d:CurrentFinancialInstruments 2022-12-31 04248374 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04248374 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04248374 d:ShareCapital 2023-12-31 04248374 d:ShareCapital 2022-12-31 04248374 d:CapitalRedemptionReserve 2023-12-31 04248374 d:CapitalRedemptionReserve 2022-12-31 04248374 d:RetainedEarningsAccumulatedLosses 2023-12-31 04248374 d:RetainedEarningsAccumulatedLosses 2022-12-31 04248374 c:FRS102 2023-01-01 2023-12-31 04248374 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04248374 c:FullAccounts 2023-01-01 2023-12-31 04248374 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04248374 2 2023-01-01 2023-12-31 04248374 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04248374









REFLEX PLANNING SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REFLEX PLANNING SOLUTIONS LIMITED
REGISTERED NUMBER: 04248374

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,621
1,352

  
1,621
1,352

Current assets
  

Debtors: amounts falling due within one year
 5 
100,830
61,217

Cash at bank and in hand
 6 
188,371
8,455

  
289,201
69,672

Creditors: amounts falling due within one year
 7 
(174,605)
(49,966)

Net current assets
  
 
 
114,596
 
 
19,706

Total assets less current liabilities
  
116,217
21,058

  

Net assets
  
116,217
21,058


Capital and reserves
  

Called up share capital 
  
65
65

Capital redemption reserve
  
45
45

Profit and loss account
  
116,107
20,948

  
116,217
21,058


Page 1

 
REFLEX PLANNING SOLUTIONS LIMITED
REGISTERED NUMBER: 04248374
    
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 on 30 September 2024.


H Iwasaki
Director

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

Page 2

 
REFLEX PLANNING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Reflex Planning Solutions Limited, company registration 04248374, is a private company, limited by shares, registered in England and Wales.
Registered office address: 1 Kings Meadow, Osney Mead, Oxford, Oxfordshire, OX2 0DP.
The company's principal activity is software publishing & software development.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
REFLEX PLANNING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Taxation

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.

 
2.8

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 4

 
REFLEX PLANNING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
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 straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
2 years 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.

 
2.9

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.

 
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.

Page 5

 
REFLEX PLANNING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
61,966
102,336

Social security costs
5,121
5,753

67,087
108,089


The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
10,120
-
10,120


Additions
-
1,691
1,691


Disposals
(10,120)
-
(10,120)



At 31 December 2023

-
1,691
1,691



Depreciation


At 1 January 2023
8,768
-
8,768


Charge for the year on owned assets
408
70
478


Disposals
(9,176)
-
(9,176)



At 31 December 2023

-
70
70



Net book value



At 31 December 2023
-
1,621
1,621



At 31 December 2022
1,352
-
1,352

Page 6

 
REFLEX PLANNING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
99,303
58,933

Other debtors
-
707

Prepayments and accrued income
1,527
1,577

100,830
61,217



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
188,371
8,455

Less: bank overdrafts
(2,268)
(66)

186,103
8,389



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
2,268
66

Trade creditors
16,773
1,257

Corporation tax
8,815
829

Other taxation and social security
13,131
14,833

Other creditors
3
3

Accruals and deferred income
133,615
32,978

174,605
49,966


 
Page 7