Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-311true2023-02-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11793141 2023-02-01 2024-01-31 11793141 2022-02-01 2023-01-31 11793141 2024-01-31 11793141 2023-01-31 11793141 c:Director1 2023-02-01 2024-01-31 11793141 d:OfficeEquipment 2023-02-01 2024-01-31 11793141 d:OfficeEquipment 2024-01-31 11793141 d:OfficeEquipment 2023-01-31 11793141 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11793141 d:CurrentFinancialInstruments 2024-01-31 11793141 d:CurrentFinancialInstruments 2023-01-31 11793141 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11793141 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11793141 d:ShareCapital 2024-01-31 11793141 d:ShareCapital 2023-01-31 11793141 d:RetainedEarningsAccumulatedLosses 2024-01-31 11793141 d:RetainedEarningsAccumulatedLosses 2023-01-31 11793141 c:OrdinaryShareClass1 2023-02-01 2024-01-31 11793141 c:OrdinaryShareClass1 2024-01-31 11793141 c:OrdinaryShareClass1 2023-01-31 11793141 c:FRS102 2023-02-01 2024-01-31 11793141 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11793141 c:FullAccounts 2023-02-01 2024-01-31 11793141 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11793141 2 2023-02-01 2024-01-31 11793141 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11793141









FOXMEAD ASSOCIATES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
FOXMEAD ASSOCIATES LTD
REGISTERED NUMBER: 11793141

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,962
16,527

Current assets
  

Debtors: amounts falling due within one year
 5 
32,481
-

Cash at bank and in hand
  
10,573
5,536

  
43,054
5,536

Creditors: amounts falling due within one year
 6 
(29,338)
(13,095)

Net current assets/(liabilities)
  
 
 
13,716
 
 
(7,559)

Total assets less current liabilities
  
23,678
8,968

Net assets
  
23,678
8,968


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
23,578
8,868

  
23,678
8,968


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.

Page 1

 
FOXMEAD ASSOCIATES LTD
REGISTERED NUMBER: 11793141
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R W Tajer
Director

Date: 29 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FOXMEAD ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Foxmead Associates Ltd ("the company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 11793141. Its registered office is Foxmead Maddox Lane, Bookham, Leatherhead, KT23 3BS.

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:

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 the Statement of income and retained earnings using the effective interest method.

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings 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.

Page 3

 
FOXMEAD ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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 annual bases:

Office equipment
-
33%

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.

 
2.6

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.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

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

Page 4

 
FOXMEAD ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
30,096


Additions
1,911



At 31 January 2024

32,007



Depreciation


At 1 February 2023
13,569


Charge for the year on owned assets
8,476



At 31 January 2024

22,045



Net book value



At 31 January 2024
9,962



At 31 January 2023
16,527


5.


Debtors

2024
2023
£
£


Other debtors
32,481
-


Page 5

 
FOXMEAD ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,116
2,191

Corporation tax
18,743
-

Other taxation and social security
6,479
5,794

Other creditors
-
3,110

Accruals and deferred income
2,000
2,000

29,338
13,095



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



8.


Related party transactions

During the year, the company made advances of £137,279 (2023 - £12,957) and received repayments of £104,107 (2023 - £33,153) to/from the director. Interest of £153 was charged on these advances at the HMRC official rate of interest. At the balance sheet date, the company was owed £30,215 (2023 - £3,110 to the director) by the director.

 
Page 6