Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity1614truetruefalse 07078880 2023-05-01 2024-04-30 07078880 2022-05-01 2023-04-30 07078880 2024-04-30 07078880 2023-04-30 07078880 2022-05-01 07078880 c:Director1 2023-05-01 2024-04-30 07078880 c:Director2 2023-05-01 2024-04-30 07078880 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 07078880 d:Buildings d:ShortLeaseholdAssets 2024-04-30 07078880 d:Buildings d:ShortLeaseholdAssets 2023-04-30 07078880 d:OfficeEquipment 2023-05-01 2024-04-30 07078880 d:ComputerEquipment 2023-05-01 2024-04-30 07078880 d:ComputerEquipment 2024-04-30 07078880 d:ComputerEquipment 2023-04-30 07078880 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07078880 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 07078880 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07078880 d:CurrentFinancialInstruments 2024-04-30 07078880 d:CurrentFinancialInstruments 2023-04-30 07078880 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07078880 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07078880 d:ShareCapital 2024-04-30 07078880 d:ShareCapital 2023-04-30 07078880 d:RetainedEarningsAccumulatedLosses 2024-04-30 07078880 d:RetainedEarningsAccumulatedLosses 2023-04-30 07078880 c:FRS102 2023-05-01 2024-04-30 07078880 c:Audited 2023-05-01 2024-04-30 07078880 c:FullAccounts 2023-05-01 2024-04-30 07078880 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07078880 d:WithinOneYear 2024-04-30 07078880 d:WithinOneYear 2023-04-30 07078880 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07078880 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07078880 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07078880 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 07078880










JAMES COWPER SERVICES LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
JAMES COWPER SERVICES LIMITED
REGISTERED NUMBER: 07078880

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Tangible assets
 4 
213,191
195,481

Current assets
  

Debtors: amounts falling due within one year
 5 
1,610,202
1,483,616

  
1,610,202
1,483,616

Creditors: amounts falling due within one year
 6 
(1,666,028)
(1,520,760)

Net current liabilities
  
 
 
(55,826)
 
 
(37,144)

Total assets less current liabilities
  
157,365
158,337

Provisions for liabilities
  

Deferred tax
 8 
(50,836)
(45,568)

Net assets
  
106,529
112,769


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
106,528
112,768

  
106,529
112,769


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 by: 


A R Peal
S R Staunton
Director
Director


Date: 23 September 2024
Date:23 September 2024

The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

James Cowper Services Limited is a private company that is limited by share capital and is incorporated in England and Wales. 
The Company's registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.

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:

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 2

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

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.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

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.

 
2.7

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.

Page 3

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

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:

Leasehold improvements
-
Over the period of the lease
Computer hardware
-
33%
Computer software
-
20%

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

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.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

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 4

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 14).


4.


Tangible fixed assets





Leasehold Property
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
67,760
738,621
806,381


Additions
-
134,873
134,873


Disposals
-
(363,455)
(363,455)



At 30 April 2024

67,760
510,039
577,799



Depreciation


At 1 May 2023
67,760
543,140
610,900


Charge for the year on owned assets
-
117,163
117,163


Disposals
-
(363,455)
(363,455)



At 30 April 2024

67,760
296,848
364,608



Net book value



At 30 April 2024
-
213,191
213,191



At 30 April 2023
-
195,481
195,481

Page 5

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Trade debtors
196
4,320

Amounts owed by group undertakings
1,257,167
1,037,177

Other debtors
36,467
37,445

Prepayments and accrued income
316,372
404,674

1,610,202
1,483,616



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
123,455
170,500

Amounts owed to group undertakings
1,270,004
1,246,369

Corporation tax
54,878
24,436

Other taxation and social security
22,024
17,970

Other creditors
195,667
61,485

1,666,028
1,520,760



7.


Indebtedness, guarantees and commitments

The Company has given an unlimited, multilateral guarantee in respect of facilities extended by the group’s bank.


8.


Deferred taxation




2024
2023


£

£






At beginning of year
(45,568)
(27,970)


Charged to profit or loss
(5,268)
(17,598)



At end of year
(50,836)
(45,568)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(50,836)
(45,568)

Page 6

 
JAMES COWPER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Pension commitments

The Company contributes to a defined contribution scheme on behalf of its employees. As at 30 April 2024 £6,698 (2023: £6,149) was included in other creditors in respect of amounts due to be paid to employees' pension schemes.


10.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
20,000
59,615

20,000
59,615


11.


Related party transactions

The directors have elected to take advantage of the exemption available to them under FRS 102 section 1A in respect of the disclosure of transactions with other group companies, where 100% of the shareholding resides within the Group.


12.


Controlling party

The directors consider James Cowper LLP, an LLP registered in England and Wales, to be the ultimate parent entity of the Company, by virtue of its shareholding.
James Cowper LLP is the parent of both the smallest and largest groups for which group accounts including the Company are prepared. Copies of these group accounts can be obtained from 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 23 September 2024 by Martin Longmore FCA (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.

Page 7