Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity2217truetruefalse 05976621 2023-01-01 2023-12-31 05976621 2022-01-01 2022-12-31 05976621 2023-12-31 05976621 2022-12-31 05976621 c:Director1 2023-01-01 2023-12-31 05976621 c:Director6 2023-01-01 2023-12-31 05976621 c:RegisteredOffice 2023-01-01 2023-12-31 05976621 d:FurnitureFittings 2023-01-01 2023-12-31 05976621 d:OfficeEquipment 2023-12-31 05976621 d:OfficeEquipment 2022-12-31 05976621 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05976621 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 05976621 d:OtherPropertyPlantEquipment 2023-12-31 05976621 d:OtherPropertyPlantEquipment 2022-12-31 05976621 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05976621 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05976621 d:CurrentFinancialInstruments 2023-12-31 05976621 d:CurrentFinancialInstruments 2022-12-31 05976621 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05976621 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05976621 d:ShareCapital 2023-12-31 05976621 d:ShareCapital 2022-12-31 05976621 d:RetainedEarningsAccumulatedLosses 2023-12-31 05976621 d:RetainedEarningsAccumulatedLosses 2022-12-31 05976621 c:FRS102 2023-01-01 2023-12-31 05976621 c:Audited 2023-01-01 2023-12-31 05976621 c:FullAccounts 2023-01-01 2023-12-31 05976621 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05976621 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05976621 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 05976621





 
CONFIGURE ONE EUROPE, LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONFIGURE ONE EUROPE, LTD
 

COMPANY INFORMATION


Directors
J. Mills 
M. Sabin 




Registered number
05976621



Registered office
Harlow Enterprise Hub Kao Hockham Building
Edinburgh Way

Harlow

Essex

CM20 2NQ




Independent auditors
Wilder Coe Ltd
Chartered Accountants & Statutory Auditors

1st Floor, Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
CONFIGURE ONE EUROPE, LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7

 
CONFIGURE ONE EUROPE, LTD
REGISTERED NUMBER: 05976621

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible fixed assets
 4 
2,950
11,959

CURRENT ASSETS
  

Debtors
 5 
4,467,578
2,487,972

Cash at bank and in hand
  
171,781
490,621

  
4,639,359
2,978,593

Creditors: amounts falling due within one year
 6 
(2,512,408)
(896,658)

NET CURRENT ASSETS
  
 
 
2,126,951
 
 
2,081,935

NET ASSETS
  
2,129,901
2,093,894


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
2,129,801
2,093,794

EQUITY SHAREHOLDER'S FUNDS
  
2,129,901
2,093,894


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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
 21 October 2024.




J. Mills
Director

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

 
CONFIGURE ONE EUROPE, LTD
 

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

1.


GENERAL INFORMATION

Configure One Europe, Ltd. (company number: 05976621), having its registered office and principal place of business at Harlow Enterprise Hub Kao Hockham Building, Edinburgh Way, Harlow, Essex, CM20 2NQ is a private limited company incorporated in England and Wales.

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 Section 1A, 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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
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

 
CONFIGURE ONE EUROPE, LTD
 

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

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Statement of Income and Retained Earnings during the period in which they are incurred.

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%
per annum on a straight-line basis
Other fixed assets
-
33%
per annum on a straight-line basis

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 the Statement of Income and Retained Earnings.

 
2.5

OPERATING LEASES: AS LEESEE

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.6

DEBTORS

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

 
2.7

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.
Page 3

 
CONFIGURE ONE EUROPE, LTD
 

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

2.ACCOUNTING POLICIES (continued)

 
2.8

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.
Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.9

CREDITORS: Amounts falling due within one year

Short-term creditors are measured at the transaction price.

 
2.10

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (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 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

 
2.11

PENSION

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 the Statement of Income and Retained Earnings 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 4

 
CONFIGURE ONE EUROPE, LTD
 

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

2.ACCOUNTING POLICIES (continued)

 
2.12

FINANCE COSTS

Finance costs are charged to the Statement of Income and Retained Earnings 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.

 
2.13

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 22 (2022 - 17).

Page 5

 
CONFIGURE ONE EUROPE, LTD
 

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

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Other fixed assets
Total

£
£
£



Cost


At 1 January 2023
79,971
48,116
128,087



At 31 December 2023

79,971
48,116
128,087



Depreciation


At 1 January 2023
68,012
48,116
116,128


Charge for the year
9,009
-
9,009



At 31 December 2023

77,021
48,116
125,137



Net book value



At 31 December 2023
2,950
-
2,950



At 31 December 2022
11,959
-
11,959


5.


DEBTORS

2023
2022
£
£

Due within one year

Trade debtors
752,062
317,183

Amounts owed by group undertakings
3,566,872
2,055,293

Other debtors
8,058
17,726

Prepayments and accrued income
140,586
97,770

4,467,578
2,487,972


Page 6

 
CONFIGURE ONE EUROPE, LTD
 

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
1,601
46,205

Amounts owed to group undertakings
1,723,674
87,708

Corporation tax
80,182
112,785

Other taxation and social security
68,880
36,480

Accruals and deferred income
618,031
613,480

Other creditors
20,040
-

2,512,408
896,658



7.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £109,911 (2022: £91,145). 


8.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available in accordance with Section 33 of Financial Reporting Standard 102 not to disclose transactions entered into between two or more members of the group, as the Company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.


9.


CONTROLLING PARTY

The Company is controlled by Configure One Holdings Ltd, a company registered in the United Kingdom, by virtue of its 100% shareholding.
The ultimate controlling party is AQ Software, LLC, a company registered in the United States of America.


10.


AUDITORS' INFORMATION

The Company was subject to an audit  for the year ended 31 December 2023. The audit report was issued with an unqualified opinion and signed on 22 October 2024 by Caryl King BSc ACA, as Senior Statutory Auditor of Wilder Coe Ltd.



Page 7