Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-318The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseManagement consultancy activities other than financial management5truetrue 08374257 2023-01-01 2023-12-31 08374257 2022-01-01 2022-12-31 08374257 2023-12-31 08374257 2022-12-31 08374257 2023-01-01 08374257 2022-01-01 08374257 1 2023-01-01 2023-12-31 08374257 d:Director1 2023-01-01 2023-12-31 08374257 c:Buildings c:LongLeaseholdAssets 2023-01-01 2023-12-31 08374257 c:Buildings c:LongLeaseholdAssets 2023-12-31 08374257 c:Buildings c:LongLeaseholdAssets 2022-12-31 08374257 c:PlantMachinery 2023-01-01 2023-12-31 08374257 c:PlantMachinery 2023-12-31 08374257 c:PlantMachinery 2022-12-31 08374257 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08374257 c:FurnitureFittings 2023-01-01 2023-12-31 08374257 c:FurnitureFittings 2023-12-31 08374257 c:FurnitureFittings 2022-12-31 08374257 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08374257 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08374257 c:CurrentFinancialInstruments 2023-12-31 08374257 c:CurrentFinancialInstruments 2022-12-31 08374257 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 08374257 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 08374257 c:ShareCapital 2023-01-01 2023-12-31 08374257 c:ShareCapital 2023-12-31 08374257 c:ShareCapital 2022-01-01 2022-12-31 08374257 c:ShareCapital 2022-12-31 08374257 c:ShareCapital 2022-01-01 08374257 c:SharePremium 2023-01-01 2023-12-31 08374257 c:SharePremium 2023-12-31 08374257 c:SharePremium 2022-01-01 2022-12-31 08374257 c:SharePremium 2022-12-31 08374257 c:SharePremium 2022-01-01 08374257 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08374257 c:RetainedEarningsAccumulatedLosses 2023-12-31 08374257 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08374257 c:RetainedEarningsAccumulatedLosses 2022-12-31 08374257 c:RetainedEarningsAccumulatedLosses 2022-01-01 08374257 d:FRS102 2023-01-01 2023-12-31 08374257 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08374257 d:FullAccounts 2023-01-01 2023-12-31 08374257 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08374257 c:Subsidiary1 2023-12-31 08374257 c:Subsidiary1 2023-01-01 2023-12-31 08374257 c:Subsidiary1 1 2023-01-01 2023-12-31 08374257 2 2023-01-01 2023-12-31 08374257 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 08374257


DS ADVISORY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
DS ADVISORY LIMITED
REGISTERED NUMBER: 08374257

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,228
14,929

Investments
 5 
479,239
395,588

  
491,467
410,517

Current assets
  

Debtors: amounts falling due within one year
 6 
398,434
363,342

Cash at bank and in hand
 7 
957,719
2,417,222

  
1,356,153
2,780,564

Creditors: amounts falling due within one year
 8 
(407,311)
(1,281,972)

Net current assets
  
 
 
948,842
 
 
1,498,592

Total assets less current liabilities
  
1,440,309
1,909,109

  

Net assets
  
1,440,309
1,909,109


Capital and reserves
  

Called up share capital 
  
393,213
393,213

Share premium account
  
209,084
209,084

Profit and loss account
  
838,012
1,306,812

  
1,440,309
1,909,109


Page 1

 
DS ADVISORY LIMITED
REGISTERED NUMBER: 08374257
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 her 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 comprehensive income 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 8 October 2024.




D A Segalen Steg
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
DS ADVISORY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
393,213
209,084
1,306,812
1,909,109


Comprehensive income for the year

Profit for the year

-
-
993,571
993,571


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
993,571
993,571


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(1,462,371)
(1,462,371)


Total transactions with owners
-
-
(1,462,371)
(1,462,371)


At 31 December 2023
393,213
209,084
838,012
1,440,309


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
DS ADVISORY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2022
393,213
209,084
1,010,250
1,612,547


Comprehensive income for the year

Profit for the year

-
-
2,020,765
2,020,765


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
2,020,765
2,020,765


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(1,724,203)
(1,724,203)


Total transactions with owners
-
-
(1,724,203)
(1,724,203)


At 31 December 2022
393,213
209,084
1,306,812
1,909,109


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DS Advisory Limited is a private company limited by shares incorporated in England. The address of the registered company is given on the Company Information page of these financial statements.
The principal activity of the Company continued to be that of an executive recruitment firm. 

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, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

 
2.2

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.

 
2.3

Turnover

Turnover comprises revenue recognised and disbursements recharged by the company in respect of recruitment consultancy services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover represents the invoiced value of services provided Net of VAT.

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

Page 5

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 reporting date in the countries where the Company operates and generates income.

 
2.8

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 provided on the following basis:

Long-term leasehold property
-
Over the life of the lease
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line

 
2.9

Investments

Investments held as fixed assets are shown at cost less provision for impairment. 

 
2.10

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 6

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 
Page 7

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

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.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

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.

Page 8

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 8).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
81,056
27,064
82,358
190,478


Additions
-
-
6,094
6,094



At 31 December 2023

81,056
27,064
88,452
196,572



Depreciation


At 1 January 2023
81,056
24,230
70,263
175,549


Charge for the year on owned assets
-
1,794
7,001
8,795



At 31 December 2023

81,056
26,024
77,264
184,344



Net book value



At 31 December 2023
-
1,040
11,188
12,228



At 31 December 2022
-
2,834
12,095
14,929

Page 9

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
395,588


Additions
83,651



At 31 December 2023
479,239





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Segalen & Associes
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Segalen & Associes
127,040
120,192


6.


Debtors

2023
2022
£
£


Trade debtors
357,540
314,173

Other debtors
39,233
38,169

Prepayments and accrued income
1,661
11,000

398,434
363,342


Page 10

 
DS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
957,719
2,417,222

957,719
2,417,222



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,781
9,898

Corporation tax
155,127
258,400

Other taxation and social security
62,214
162,966

Other creditors
171,189
850,708

407,311
1,281,972



9.


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 £4,543 (2022 - £3,486). 


10.


Post balance sheet events

The company bought back 19,420 B Ordinary £0.0001 shares on 10 May 2024 for a consideration of £33,016.


11.


Controlling party

The ultimate controlling party is director D A Segalen Steg by virtue of her shareholding. 

 
Page 11