Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42023-01-01falsepublisher of political magazine2falsetruefalse 02017939 2023-01-01 2023-12-31 02017939 2022-01-01 2022-12-31 02017939 2023-12-31 02017939 2022-12-31 02017939 c:Director1 2023-01-01 2023-12-31 02017939 d:FurnitureFittings 2023-01-01 2023-12-31 02017939 d:FurnitureFittings 2023-12-31 02017939 d:FurnitureFittings 2022-12-31 02017939 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02017939 d:CurrentFinancialInstruments 2023-12-31 02017939 d:CurrentFinancialInstruments 2022-12-31 02017939 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02017939 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02017939 d:ShareCapital 2023-12-31 02017939 d:ShareCapital 2022-12-31 02017939 d:SharePremium 2023-12-31 02017939 d:SharePremium 2022-12-31 02017939 d:RetainedEarningsAccumulatedLosses 2023-12-31 02017939 d:RetainedEarningsAccumulatedLosses 2022-12-31 02017939 c:FRS102 2023-01-01 2023-12-31 02017939 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02017939 c:FullAccounts 2023-01-01 2023-12-31 02017939 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02017939 2 2023-01-01 2023-12-31 02017939 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02017939










FIRST STRATEGIC INSIGHT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FIRST STRATEGIC INSIGHT LTD
REGISTERED NUMBER: 02017939

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
735
1,471

  
735
1,471

Current assets
  

Debtors: amounts falling due within one year
 5 
152,355
51,719

Cash at bank and in hand
 6 
259,665
569,300

  
412,020
621,019

Creditors: amounts falling due within one year
 7 
(34,829)
(221,486)

Net current assets
  
 
 
377,191
 
 
399,533

Total assets less current liabilities
  
377,926
401,004

  

Net assets
  
377,926
401,004


Capital and reserves
  

Called up share capital 
  
90
90

Share premium account
  
9,990
9,990

Profit and loss account
  
367,846
390,924

  
377,926
401,004


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 comprehensive income 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.


R A W Goodman
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
FIRST STRATEGIC INSIGHT LTD
REGISTERED NUMBER: 02017939

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
FIRST STRATEGIC INSIGHT LTD
 

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

1.


General information

First Strategic Insight Limited is a private company limited by shares and registered in England & Wales. Its registered office is Trinity House, 3 Bullace Lane, Dartford, Kent DA1 1BB.

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.

 
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.

Page 3

 
FIRST STRATEGIC INSIGHT 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

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.

 
2.8

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.

 
2.9

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

 
FIRST STRATEGIC INSIGHT LTD
 

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

2.Accounting policies (continued)


2.9
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
-
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.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

2023
2022
£
£

Wages and salaries
89,825
140,898

Cost of defined contribution scheme
2,132
22,216

91,957
163,114


The average monthly number of employees, including directors, during the year was 2 (2022 - 4).

Page 5

 
FIRST STRATEGIC INSIGHT LTD
 

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
37,898



At 31 December 2023

37,898



Depreciation


At 1 January 2023
36,427


Charge for the year on owned assets
736



At 31 December 2023

37,163



Net book value



At 31 December 2023
735



At 31 December 2022
1,471

Page 6

 
FIRST STRATEGIC INSIGHT LTD
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
136,469
33,209

Other debtors
8,059
4,250

Prepayments and accrued income
7,827
14,260

152,355
51,719



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
259,665
569,300



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,817
44,094

Corporation tax
-
19,570

Other taxation and social security
9,884
23,842

Other creditors
522
520

Accruals and deferred income
9,606
133,460

34,829
221,486



8.


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 £2,132 (2022 - £22,216). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors


9.


Related party transactions

During the year, amounts payable by the company to companies controlled by the directors for editorial, consulting & storage services totalled £33,000 (2022 - £18,000).  Amounts invoiced and unpaid at 31 December 2023 totalled £14,648 (2022- £5,400).


Page 7