Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14086347 2023-06-01 2024-05-31 14086347 2022-05-04 2023-05-31 14086347 2024-05-31 14086347 2023-05-31 14086347 c:Director2 2023-06-01 2024-05-31 14086347 d:OfficeEquipment 2023-06-01 2024-05-31 14086347 d:OfficeEquipment 2024-05-31 14086347 d:OfficeEquipment 2023-05-31 14086347 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14086347 d:ComputerEquipment 2023-06-01 2024-05-31 14086347 d:ComputerEquipment 2024-05-31 14086347 d:ComputerEquipment 2023-05-31 14086347 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14086347 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14086347 d:CurrentFinancialInstruments 2024-05-31 14086347 d:CurrentFinancialInstruments 2023-05-31 14086347 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14086347 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14086347 d:ShareCapital 2024-05-31 14086347 d:ShareCapital 2023-05-31 14086347 d:RetainedEarningsAccumulatedLosses 2024-05-31 14086347 d:RetainedEarningsAccumulatedLosses 2023-05-31 14086347 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 14086347 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 14086347 c:FRS102 2023-06-01 2024-05-31 14086347 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14086347 c:FullAccounts 2023-06-01 2024-05-31 14086347 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14086347 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 14086347





CIVIL STUDIO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024








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CIVIL STUDIO LIMITED
REGISTERED NUMBER:14086347

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,212
10,745

  
10,212
10,745

Current assets
  

Debtors: amounts falling due within one year
 5 
65,256
59,328

Cash at bank and in hand
  
44,358
112,490

  
109,614
171,818

Creditors: amounts falling due within one year
 6 
(117,986)
(169,570)

Net current (liabilities)/assets
  
 
 
(8,372)
 
 
2,248

Total assets less current liabilities
  
1,840
12,993

  

Net assets
  
1,840
12,993


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
840
11,993

  
1,840
12,993


Page 1

 
CIVIL STUDIO LIMITED
REGISTERED NUMBER:14086347
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 11 September 2024.




J Purdue 
Director

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

Page 2

 
CIVIL STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Civil Studio Limited is a private company, limited by shares, domiciled in England and Wales. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
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

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

 
CIVIL STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Office equipment
-
20%
Straight line
Computer 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.

 
2.7

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.

Page 4

 
CIVIL STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
CIVIL STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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 year was 3 (2023 - 3).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
1,602
9,782
11,384


Additions
2,778
274
3,052



At 31 May 2024

4,380
10,056
14,436



Depreciation


At 1 June 2023
207
432
639


Charge for the year on owned assets
324
3,261
3,585



At 31 May 2024

531
3,693
4,224



Net book value



At 31 May 2024
3,849
6,363
10,212



At 31 May 2023
1,395
9,350
10,745

Page 6

 
CIVIL STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
25,866
48,325

Other debtors
350
-

Prepayments and accrued income
39,040
11,003

65,256
59,328



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
12,734
12,545

Other taxation and social security
5,554
7,842

Other creditors
99,698
149,183

117,986
169,570



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
44,358
44,358




Financial assets measured at fair value through profit or loss comprise...


8.


Pension commitments

The Company operates a defined contributions pension scheme. The pension cost charge represents
contributions payable by the Company to the fund and amounted to £1,042 (2023 - £960). Contributions totalling £198 (2023 - £183) were payable to the fund at the balance sheet date.

 
Page 7