Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity2020falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03336535 2023-04-01 2024-03-31 03336535 2022-04-01 2023-03-31 03336535 2024-03-31 03336535 2023-03-31 03336535 c:Director1 2023-04-01 2024-03-31 03336535 c:Director4 2023-04-01 2024-03-31 03336535 d:MotorVehicles 2023-04-01 2024-03-31 03336535 d:FurnitureFittings 2023-04-01 2024-03-31 03336535 d:FurnitureFittings 2024-03-31 03336535 d:FurnitureFittings 2023-03-31 03336535 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03336535 d:CurrentFinancialInstruments 2024-03-31 03336535 d:CurrentFinancialInstruments 2023-03-31 03336535 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03336535 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03336535 d:ShareCapital 2024-03-31 03336535 d:ShareCapital 2023-03-31 03336535 d:CapitalRedemptionReserve 2024-03-31 03336535 d:CapitalRedemptionReserve 2023-03-31 03336535 d:RetainedEarningsAccumulatedLosses 2024-03-31 03336535 d:RetainedEarningsAccumulatedLosses 2023-03-31 03336535 c:FRS102 2023-04-01 2024-03-31 03336535 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03336535 c:FullAccounts 2023-04-01 2024-03-31 03336535 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03336535 2 2023-04-01 2024-03-31 03336535 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 03336535














CHARING PRACTICE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
CHARING PRACTICE LIMITED
REGISTERED NUMBER: 03336535

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
28,072
34,858

  
28,072
34,858

Current assets
  

Stocks
  
74,995
71,008

Debtors: amounts falling due within one year
 5 
288,855
160,529

Cash at bank and in hand
 6 
161,933
149,510

  
525,783
381,047

Creditors: amounts falling due within one year
 7 
(452,847)
(351,898)

Net current assets
  
 
 
72,936
 
 
29,149

Total assets less current liabilities
  
101,008
64,007

  

Net assets
  
£101,008
£64,007


Capital and reserves
  

Called up share capital 
  
536
536

Capital redemption reserve
  
464
464

Profit and loss account
  
100,008
63,007

  
£101,008
£64,007


Page 1

 
CHARING PRACTICE LIMITED
REGISTERED NUMBER: 03336535

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 profit and loss account 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 9 August 2024.




___________________________
Dr R Dunnet
___________________________
Dr C L Norwood
Director
Director

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

Page 2

 
CHARING PRACTICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Charing Practice Limited is a private company limited by shares and incorporated in England and Wales. The company registration number is 03336535. The registered office of the comapny is 1 Surgery Close, Charing, Ashford, Kent, TN27 0AW.

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

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.

 
2.3

Interest income

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

Page 3

 
CHARING PRACTICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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, on the following basis:.

Depreciation is provided on the following basis:

Motor vehicles
-
10% on straight line
Fixtures and fittings
-
20% and 10% on 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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
CHARING PRACTICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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

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 20 (2023 - 20).

Page 5

 
CHARING PRACTICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings



Cost or valuation


At 1 April 2023
162,452


Additions
1,063



At 31 March 2024

163,515



Depreciation


At 1 April 2023
127,594


Charge for the year on owned assets
7,849



At 31 March 2024

135,443



Net book value



At 31 March 2024
£28,072



At 31 March 2023
£34,858


5.


Debtors

2024
2023


Trade debtors
147,810
110,095

Other debtors
139,481
49,009

Prepayments and accrued income
1,564
1,425

£288,855
£160,529



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£161,933
£149,510


Page 6

 
CHARING PRACTICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
419,649
322,185

Corporation tax
8,084
-

Other taxation and social security
7,144
9,986

Other creditors
5,892
9,567

Accruals and deferred income
12,078
10,160

£452,847
£351,898



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 £12,266 (2023 - £11,676). Contributions totalling £2,213 (2023 - £2,245) were payable to the fund at the balance sheet date and are included in creditors.


Page 7