Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-11-10false2 14475269 2022-11-09 14475269 2022-11-10 2024-03-31 14475269 2021-11-10 2022-11-09 14475269 2024-03-31 14475269 c:Director2 2022-11-10 2024-03-31 14475269 d:OfficeEquipment 2022-11-10 2024-03-31 14475269 d:OfficeEquipment 2024-03-31 14475269 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-10 2024-03-31 14475269 d:ComputerSoftware 2024-03-31 14475269 d:CurrentFinancialInstruments 2024-03-31 14475269 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14475269 d:ShareCapital 2024-03-31 14475269 d:RetainedEarningsAccumulatedLosses 2024-03-31 14475269 c:OrdinaryShareClass1 2022-11-10 2024-03-31 14475269 c:OrdinaryShareClass1 2024-03-31 14475269 c:FRS102 2022-11-10 2024-03-31 14475269 c:AuditExempt-NoAccountantsReport 2022-11-10 2024-03-31 14475269 c:FullAccounts 2022-11-10 2024-03-31 14475269 c:PrivateLimitedCompanyLtd 2022-11-10 2024-03-31 14475269 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-11-10 2024-03-31 14475269 2 2022-11-10 2024-03-31 14475269 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-10 2024-03-31 14475269 e:PoundSterling 2022-11-10 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14475269










CL SYNERGY UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
CL SYNERGY UK LIMITED
REGISTERED NUMBER: 14475269

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Intangible assets
  
2,520

Tangible assets
  
157

  
2,677

Current assets
  

Debtors: amounts falling due within one year
 6 
12,185

Cash at bank and in hand
  
36,799

  
48,984

Creditors: amounts falling due within one year
 7 
(114,157)

Net current (liabilities)
  
 
 
(65,173)

Total assets less current liabilities
  
(62,496)


Capital and reserves
  

Called up share capital 
  
14,000

Profit and loss account
  
(76,496)

  
(62,496)


Page 1

 
CL SYNERGY UK LIMITED
REGISTERED NUMBER: 14475269

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 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 by: 




R A A R Silva
Director

Date: 5 November 2024

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

Page 2

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

CL Synergy UK Limited is a private company, limited by shares registered in England and Wales. 
 The financial statements cover the period from 1 February 2023 to 31 March 2024.
The financial statements are presented in sterling which is the functional currency of the company.
 

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation for the foreseeable future. The directors have confirmed that for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, financial support will be available to the company from a company closely connected to one of the directors.
Based on the above, the directors believe that the company will have sufficient resources to enable it to continue in operation for a period of at least twelve months from the date of approval of these financial statements.
Therefore the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 3

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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.

 
2.5

Interest income

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

Page 4

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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:

Office equipment
-
20%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

Financial instruments are recognised in the Company's Balance Sheet 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.

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 6

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Intangible assets



Computer software

£



Cost


Additions
3,150



At 31 March 2024

3,150



Amortisation


Charge for the period on owned assets
630



At 31 March 2024

630



Net book value



At 31 March 2024
2,520




5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
205



At 31 March 2024

205



Depreciation


Charge for the period on owned assets
48



At 31 March 2024

48



Net book value



At 31 March 2024
157

Page 7

 
CL SYNERGY UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

2024
£


Trade debtors
10,784

Other debtors
1,201

Prepayments and accrued income
200

12,185



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
12,368

Other taxation and social security
900

Other creditors
94,621

Accruals
6,268

114,157



8.


Share capital

2024
£
Allotted, called up and fully paid


14,000 Ordinary shares of £1.00 each
14,000


During the period 14,000 ordinary shares of £1 each were allotted and fully paid at par for cash.


Page 8