Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31consultancy servicesfalse22023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10926604 2023-04-01 2024-03-31 10926604 2021-10-01 2023-03-31 10926604 2024-03-31 10926604 2023-03-31 10926604 c:Director1 2023-04-01 2024-03-31 10926604 d:MotorVehicles 2023-04-01 2024-03-31 10926604 d:MotorVehicles 2024-03-31 10926604 d:MotorVehicles 2023-03-31 10926604 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10926604 d:FurnitureFittings 2023-04-01 2024-03-31 10926604 d:FurnitureFittings 2024-03-31 10926604 d:FurnitureFittings 2023-03-31 10926604 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10926604 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10926604 d:CurrentFinancialInstruments 2024-03-31 10926604 d:CurrentFinancialInstruments 2023-03-31 10926604 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10926604 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10926604 d:ShareCapital 2024-03-31 10926604 d:ShareCapital 2023-03-31 10926604 d:SharePremium 2024-03-31 10926604 d:SharePremium 2023-03-31 10926604 d:RetainedEarningsAccumulatedLosses 2024-03-31 10926604 d:RetainedEarningsAccumulatedLosses 2023-03-31 10926604 c:FRS102 2023-04-01 2024-03-31 10926604 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10926604 c:FullAccounts 2023-04-01 2024-03-31 10926604 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10926604 2 2023-04-01 2024-03-31 10926604 6 2023-04-01 2024-03-31 10926604 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10926604






VISCOURT CONSULTING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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VISCOURT CONSULTING LIMITED
REGISTERED NUMBER:10926604

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,859
21,100

Investments
 5 
1,918,831
1,918,831

  
1,934,690
1,939,931

Current assets
  

Stocks
  
22,049
22,049

Debtors: amounts falling due within one year
 6 
1,232,549
1,106,902

Cash at bank and in hand
 7 
66,041
40,308

  
1,320,639
1,169,259

Creditors: amounts falling due within one year
 8 
(30,506)
(76,632)

Net current assets
  
 
 
1,290,133
 
 
1,092,627

Total assets less current liabilities
  
3,224,823
3,032,558

Provisions for liabilities
  

Deferred tax
  
(3,013)
(4,009)

  
 
 
(3,013)
 
 
(4,009)

Net assets
  
3,221,810
3,028,549


Capital and reserves
  

Called up share capital 
  
12,250
12,250

Share premium account
  
1,897,048
1,897,048

Profit and loss account
  
1,312,512
1,119,251

  
3,221,810
3,028,549


Page 1

 
VISCOURT CONSULTING LIMITED
REGISTERED NUMBER:10926604
    
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 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: 




P K Richards
Director

Date: 12 November 2024

Page 2

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Viscourt Consulting Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of 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 following principal accounting policies have been applied:

 
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.

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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.

Page 4

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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.

 
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.

Page 5

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
48,380
11,712
60,092



At 31 March 2024

48,380
11,712
60,092



Depreciation


At 1 April 2023
27,969
11,023
38,992


Charge for the year on owned assets
5,103
138
5,241



At 31 March 2024

33,072
11,161
44,233



Net book value



At 31 March 2024
15,308
551
15,859



At 31 March 2023
20,411
689
21,100

Page 6

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,918,831



At 31 March 2024
1,918,831




Page 7

 
VISCOURT CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
1,543
1,543

Other debtors
1,045,859
989,815

Prepayments and accrued income
185,147
115,544

1,232,549
1,106,902



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
66,041
40,308

66,041
40,308



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
14,439
42,204

Other creditors
13,637
32,000

Accruals and deferred income
2,430
2,428

30,506
76,632


Page 8