Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falsefalse72023-03-01No description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06420826 2023-03-01 2024-02-29 06420826 2022-03-01 2023-02-28 06420826 2024-02-29 06420826 2023-02-28 06420826 c:Director1 2023-03-01 2024-02-29 06420826 c:Director2 2023-03-01 2024-02-29 06420826 c:Director2 2024-02-29 06420826 c:Director3 2023-03-01 2024-02-29 06420826 c:Director3 2024-02-29 06420826 c:Director4 2023-03-01 2024-02-29 06420826 c:Director4 2024-02-29 06420826 c:Director5 2023-03-01 2024-02-29 06420826 c:Director5 2024-02-29 06420826 c:RegisteredOffice 2023-03-01 2024-02-29 06420826 d:FurnitureFittings 2023-03-01 2024-02-29 06420826 d:FurnitureFittings 2024-02-29 06420826 d:FurnitureFittings 2023-02-28 06420826 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06420826 d:OfficeEquipment 2023-03-01 2024-02-29 06420826 d:OfficeEquipment 2024-02-29 06420826 d:OfficeEquipment 2023-02-28 06420826 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06420826 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06420826 d:Goodwill 2024-02-29 06420826 d:Goodwill 2023-02-28 06420826 d:CurrentFinancialInstruments 2024-02-29 06420826 d:CurrentFinancialInstruments 2023-02-28 06420826 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06420826 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06420826 d:ShareCapital 2024-02-29 06420826 d:ShareCapital 2023-02-28 06420826 d:RetainedEarningsAccumulatedLosses 2024-02-29 06420826 d:RetainedEarningsAccumulatedLosses 2023-02-28 06420826 c:OrdinaryShareClass1 2023-03-01 2024-02-29 06420826 c:OrdinaryShareClass1 2024-02-29 06420826 c:OrdinaryShareClass1 2023-02-28 06420826 c:FRS102 2023-03-01 2024-02-29 06420826 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06420826 c:FullAccounts 2023-03-01 2024-02-29 06420826 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06420826 2 2023-03-01 2024-02-29 06420826 6 2023-03-01 2024-02-29 06420826 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 06420826












ROGER WEBB ASSOCIATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 

ROGER WEBB ASSOCIATES LTD

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 12


 

ROGER WEBB ASSOCIATES LTD
 
COMPANY INFORMATION


Directors
R L Webb 
C Morgan (appointed 27 September 2024)
D Costa (appointed 27 September 2024)
A J F Da Costa (appointed 27 September 2024)
D A Lancaster (appointed 27 September 2024)




Registered number
06420826



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Trading Address
First Floor, Unit 1
The Wireless Factory

Fleming Way

London

TW7 6DB






Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:06420826
ROGER WEBB ASSOCIATES LTD

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
25,645
33,991

Investments
 6 
-
662,131

  
25,645
696,122

Current assets
  

Debtors: amounts falling due within one year
 7 
183,174
216,153

Current asset investments
 8 
544,237
-

Cash at bank and in hand
  
1,644,250
1,279,886

  
2,371,661
1,496,039

Creditors: amounts falling due within one year
 9 
(244,398)
(263,896)

Net current assets
  
 
 
2,127,263
 
 
1,232,143

Total assets less current liabilities
  
2,152,908
1,928,265

Provisions for liabilities
  

Deferred tax
  
(4,087)
(28,682)

Net assets
  
2,148,821
1,899,583


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
2,148,721
1,899,483

Total equity
  
2,148,821
1,899,583


Page 2


 
REGISTERED NUMBER:06420826
ROGER WEBB ASSOCIATES LTD
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 profit and loss account 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 L Webb
Director

Date: 15 November 2024

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Roger Webb Associates Ltd is a private company limited by shares and registered in England and Wales. The company's registered office is 16 Grea Queen Street, Covent Garden, London, United Kingdom, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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

Page 4

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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

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.

 
2.6

Interest income

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

 
2.7

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.

Page 5

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
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.

 
2.9

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.

 
2.10

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.

Page 6

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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
-
25%
Office equipment
-
25%

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.

 
2.11

Valuation of investments

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 profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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.

 
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 7

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.15

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 8

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 5).


4.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
60,000



At 29 February 2024

60,000



Amortisation


At 1 March 2023
60,000



At 29 February 2024

60,000



Net book value



At 29 February 2024
-



At 28 February 2023
-



Page 9

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 March 2023
17,913
93,088
111,001


Additions
-
2,472
2,472



At 29 February 2024

17,913
95,560
113,473



Depreciation


At 1 March 2023
13,371
63,639
77,010


Charge for the year
1,673
9,145
10,818



At 29 February 2024

15,044
72,784
87,828



Net book value



At 29 February 2024
2,869
22,776
25,645



At 28 February 2023
4,542
29,449
33,991


6.


Fixed asset investments








Listed investments

£





At 1 March 2023
662,131


Additions
6,695


Disposals
(668,826)



At 29 February 2024
-




Page 10

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
51,606
78,070

Other debtors
26
2,619

Prepayments and accrued income
131,542
135,464

183,174
216,153



8.


Current asset investments

29 February
28 February
2024
2023
£
£

Cash deposits
544,237
-



9.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
56,204
23,975

Corporation tax
151,193
156,820

Other taxation and social security
15,441
28,252

Other creditors
15,310
43,598

Accruals and deferred income
6,250
11,251

244,398
263,896



10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 11

 

ROGER WEBB ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

11.


Pension commitments

The compny 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 £69,647 (2023: £34,612). Contributions totalling £74 (2023: £9,562) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 12