Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1152023-02-01falseNo description of principal activity102false 03706897 2023-02-01 2024-01-31 03706897 2022-02-01 2023-01-31 03706897 2024-01-31 03706897 2023-01-31 03706897 c:Director3 2023-02-01 2024-01-31 03706897 d:OfficeEquipment 2023-02-01 2024-01-31 03706897 d:OfficeEquipment 2024-01-31 03706897 d:OfficeEquipment 2023-01-31 03706897 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03706897 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03706897 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03706897 d:ShareCapital 2024-01-31 03706897 d:ShareCapital 2023-01-31 03706897 d:OtherMiscellaneousReserve 2024-01-31 03706897 d:OtherMiscellaneousReserve 2023-01-31 03706897 d:RetainedEarningsAccumulatedLosses 2024-01-31 03706897 d:RetainedEarningsAccumulatedLosses 2023-01-31 03706897 c:FRS102 2023-02-01 2024-01-31 03706897 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03706897 c:AbridgedAccounts 2023-02-01 2024-01-31 03706897 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03706897 2 2023-02-01 2024-01-31 03706897 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure












S2 PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Registered number: 03706897

 
S2 PARTNERSHIP LIMITED
REGISTERED NUMBER:03706897

ABRIDGED BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,907
34,608

Current assets
  

Debtors
  
2,883,169
2,505,044

Cash at bank and in hand
  
1,799,899
1,747,659

  
4,683,068
4,252,703

Creditors: amounts falling due within one year
  
(2,412,658)
(1,835,930)

Net current assets
  
 
 
2,270,410
 
 
2,416,773

Total assets less current liabilities
  
2,312,317
2,451,381

Provisions for liabilities
  
(7,729)
(6,291)

Net assets
  
£2,304,588
£2,445,090


Capital and reserves
  

Called up share capital 
  
1,800
1,800

Capital redemption reserve
  
2,200
2,200

Profit and loss account
  
2,300,588
2,441,090

  
£2,304,588
£2,445,090


Page 1

 
S2 PARTNERSHIP LIMITED
REGISTERED NUMBER:03706897

ABRIDGED BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The abridged 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 abridged financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




R J V Bagley
Director

The notes on pages 3 to 6 form part of these abridged financial statements.
Page 2

 
S2 PARTNERSHIP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

S2 Partnership Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03706897. The company's principal place of business is 14-18 Avenue Business Park, Elsworth, Cambridge, CB23 4EY. 

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue from the company's trading operations, as follows:
Health and safety consultancy services
Turnover represents revenue earned under a wide variety of contracts to provide professional services and advice to clients. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including recoverable expenses and disbursements, but excluding Value Added Tax. Unbilled revenue is included in debtors, under 'amounts recoverable on contracts'.
Software and software related services revenue
Software licence fees, support and maintenance income is deferred at the date of invoicing and is released to the profit and loss account over the duration of the contract. The balance of income not released to the profit and loss account is included within creditors shown as 'deferred income'. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Depreciation is provided on the following basis:

Office equipment
-
33.33%
straight line

A full year's depreciation charge is provided in the year of acquisition and none in the year of disposal.
Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

Page 3

 
S2 PARTNERSHIP LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Creditors are measured at the transaction price.

 
2.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Comprehensive Income.

 
2.8

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.

 
2.9

Operating leases: the Company as lessee

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

 
2.10

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in the Statement of Comprehensive Income in the year in which it is received.

Page 4

 
S2 PARTNERSHIP LIMITED
 

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

2.Accounting policies (continued)

  
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.
The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.
The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.


3.


Employees

The average monthly number of employees, including directors, during the year was 115 (2023 - 102).

Page 5

 
S2 PARTNERSHIP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets






£



Cost or valuation


At 1 February 2023
417,717


Additions
47,076


Disposals
(16,023)



At 31 January 2024

448,770



Depreciation


At 1 February 2023
383,109


Charge for the year on owned assets
39,777


Disposals
(16,023)



At 31 January 2024

406,863



Net book value



At 31 January 2024
£41,907



At 31 January 2023
£34,608


5.


Pension commitments

The company operates a defined contribution 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 £193,856                    (2023 - £167,298).


6.


Controlling party

The company's parent undertaking is S2 Partnership Holdings Limited, domiciled in England and Wales, registration number 10952601. The parent undertaking's registered office is 23 Station Road, Sheringham, Norfolk, NR26 8RF.


Page 6