Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsecommunications and procurement consultancy services.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05865976 2023-01-01 2023-12-31 05865976 2023-12-31 05865976 2022-01-01 2022-12-31 05865976 2022-12-31 05865976 c:Director1 2023-01-01 2023-12-31 05865976 d:FurnitureFittings 2023-01-01 2023-12-31 05865976 d:FurnitureFittings 2023-12-31 05865976 d:FurnitureFittings 2022-12-31 05865976 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05865976 d:CurrentFinancialInstruments 2023-12-31 05865976 d:CurrentFinancialInstruments 2022-12-31 05865976 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05865976 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05865976 d:ShareCapital 2023-12-31 05865976 d:ShareCapital 2022-12-31 05865976 d:RetainedEarningsAccumulatedLosses 2023-12-31 05865976 d:RetainedEarningsAccumulatedLosses 2022-12-31 05865976 c:FRS102 2023-01-01 2023-12-31 05865976 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05865976 c:FullAccounts 2023-01-01 2023-12-31 05865976 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05865976 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05865976 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05865976 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number:  05865976














WOODNEWTON ASSOCIATES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


 
WOODNEWTON ASSOCIATES LIMITED
REGISTERED NUMBER: 05865976

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
10

  
-
10

Current assets
  

Debtors: amounts falling due within one year
 5 
64,613
15,212

Cash at bank and in hand
 6 
69,533
34,319

  
134,146
49,531

Creditors: amounts falling due within one year
 7 
(35,403)
(16,451)

Net current assets
  
 
 
98,743
 
 
33,080

Total assets less current liabilities
  
98,743
33,090

Provisions for liabilities
  

Deferred tax
 8 
-
(2)

  
 
 
-
 
 
(2)

Net assets
  
98,743
33,088


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
97,743
32,088

  
98,743
33,088


Page 1

 
WOODNEWTON ASSOCIATES LIMITED
REGISTERED NUMBER: 05865976
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




................................................
J W Humphreys
Director

Date: 30 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (05865976). The address of the registered office is C/O Langtons, The Plaza, 100 Old Hall Street, Liverpool, United Kingdom, L3 9QJ
These financial statements present information about the company as an individual undertaking. It is not a member of a group of companies. The principal activity of the company is that of communications and procurement consultancy services. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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:

Fixtures and fittings
-
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.

 
2.5

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.

Page 4

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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

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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
325



At 31 December 2023

325



Depreciation


At 1 January 2023
315


Charge for the year on owned assets
10



At 31 December 2023

325



Net book value



At 31 December 2023
-



At 31 December 2022
10

Page 6

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
60,000
4,800

Other debtors
4,613
10,412

64,613
15,212



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
69,533
34,319

69,533
34,319



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,128
-

Other taxation and social security
9,828
-

Other creditors
15,432
15,436

Accruals and deferred income
1,015
1,015

35,403
16,451


Page 7

 
WOODNEWTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Deferred taxation




2023


£






At beginning of year
(2)


Charged to profit or loss
2



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(2)

-
(2)


9.


Related party transactions

During the year the company incurred costs amounting to £67,000 (2022: £70,000) from Indie Books Limited, a connected company.
Included in debtors is an amount of £4,613 (2022: £3,648) owed from Indie Books Limited, a connected company. The loan is repayable on demand and no interest has been charged.
Included in creditors is a amount of £6,392 (2022: £6,392) owed to R Price, a director. The loan is repayable on demand and no interest has been charged.
Included in creditors is a amount of £9,041 (2022: £9,041) owed to J Humphreys, a director. The loan is repayable on demand and no interest has been charged.


10.


Controlling party

The company is under the control of it's directors.

 
Page 8