Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytrue2023-04-01false1false 10051825 2023-04-01 2024-03-31 10051825 2022-04-01 2023-03-31 10051825 2024-03-31 10051825 2023-03-31 10051825 c:Director1 2023-04-01 2024-03-31 10051825 d:ComputerEquipment 2024-03-31 10051825 d:ComputerEquipment 2023-03-31 10051825 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10051825 d:CurrentFinancialInstruments 2024-03-31 10051825 d:CurrentFinancialInstruments 2023-03-31 10051825 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10051825 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10051825 d:ShareCapital 2024-03-31 10051825 d:ShareCapital 2023-03-31 10051825 d:RetainedEarningsAccumulatedLosses 2024-03-31 10051825 d:RetainedEarningsAccumulatedLosses 2023-03-31 10051825 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10051825 c:OrdinaryShareClass1 2024-03-31 10051825 c:OrdinaryShareClass1 2023-03-31 10051825 c:FRS102 2023-04-01 2024-03-31 10051825 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10051825 c:FullAccounts 2023-04-01 2024-03-31 10051825 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10051825 2 2023-04-01 2024-03-31 10051825 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10051825









LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
REGISTERED NUMBER: 10051825

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
153
449

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
84
-

Cash at bank and in hand
 6 
56,398
95,647

Creditors: amounts falling due within one year
 7 
(3,548)
(21,634)

NET CURRENT ASSETS
  
 
 
52,934
 
 
74,013

  

NET ASSETS
  
53,087
74,462


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
52,987
74,362

  
53,087
74,462


The director considers 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 director acknowledges his 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 14 October 2024.




Mr C S R Payne
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
 

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

1.


GENERAL INFORMATION

Lambsquay Consulting of Cambridge Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 
The principal activity of the company is to provide planning, support and consultancy advice for city projects.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

  
2.4

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:
         Computer equipment               -       33.33%

  
2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

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.

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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 3

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.7
FINANCIAL INSTRUMENTS (continued)

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.

  
2.8

CREDITORS

Short term creditors are measured at the transaction price.

 
2.9

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 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 the Statement of Income and Retained Earnings within 'other operating income'.

 
2.10

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.

 
2.11

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.

 
2.12

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 4

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.13

TAXATION

Tax is recognised in the Statement of Income and Retained Earningss 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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



Cost or valuation


At 1 April 2023
2,830



At 31 March 2024

2,830



Depreciation


At 1 April 2023
2,381


Charge for the year on owned assets
296



At 31 March 2024

2,677



Net book value



At 31 March 2024
153



At 31 March 2023
449

Page 5

 
LAMBSQUAY CONSULTING OF CAMBRIDGE LIMITED
 

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

5.


DEBTORS

2024
2023
£
£


Other debtors
84
-



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
56,398
95,647



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Corporation tax
253
15,516

Other taxation and social security
-
3,084

Other creditors
545
284

Accruals and deferred income
2,750
2,750

3,548
21,634



8.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



9.


RELATED PARTY TRANSACTIONS

During the year the company had a loan account with Mr C S R Payne, a director of the company.
The amount due to him at the year end was £545 (2023 - £284).
During the year dividends were paid to the director of £22,160, (2023 - £32,000).


Page 6