Caseware UK (AP4) 2023.0.135 2023.0.135 falsetruefalseNo description of principal activity2023-04-011212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05391538 2023-04-01 2024-03-31 05391538 2022-04-01 2023-03-31 05391538 2024-03-31 05391538 2023-03-31 05391538 c:Director3 2023-04-01 2024-03-31 05391538 d:MotorVehicles 2023-04-01 2024-03-31 05391538 d:MotorVehicles 2024-03-31 05391538 d:MotorVehicles 2023-03-31 05391538 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05391538 d:FurnitureFittings 2023-04-01 2024-03-31 05391538 d:FurnitureFittings 2024-03-31 05391538 d:FurnitureFittings 2023-03-31 05391538 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05391538 d:ComputerEquipment 2023-04-01 2024-03-31 05391538 d:ComputerEquipment 2024-03-31 05391538 d:ComputerEquipment 2023-03-31 05391538 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05391538 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05391538 d:CurrentFinancialInstruments 2024-03-31 05391538 d:CurrentFinancialInstruments 2023-03-31 05391538 d:Non-currentFinancialInstruments 2024-03-31 05391538 d:Non-currentFinancialInstruments 2023-03-31 05391538 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05391538 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05391538 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05391538 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05391538 d:ShareCapital 2024-03-31 05391538 d:ShareCapital 2023-03-31 05391538 d:CapitalRedemptionReserve 2024-03-31 05391538 d:CapitalRedemptionReserve 2023-03-31 05391538 d:RetainedEarningsAccumulatedLosses 2024-03-31 05391538 d:RetainedEarningsAccumulatedLosses 2023-03-31 05391538 c:FRS102 2023-04-01 2024-03-31 05391538 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05391538 c:FullAccounts 2023-04-01 2024-03-31 05391538 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05391538 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 05391538 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 05391538 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 05391538 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 05391538 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05391538 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05391538 2 2023-04-01 2024-03-31 05391538 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05391538










KIRKHAM BOARD ASSOCIATES LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
KIRKHAM BOARD ASSOCIATES LIMITED
Registered number: 05391538

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
77,335
5,013

Current assets
  

Debtors: amounts falling due within one year
 5 
152,671
66,085

Cash at bank and in hand
  
241,470
229,638

  
394,141
295,723

Creditors: amounts falling due within one year
 6 
(156,854)
(77,085)

Net current assets
  
 
 
237,287
 
 
218,638

Total assets less current liabilities
  
314,622
223,651

Creditors: amounts falling due after more than one year
  
(45,926)
-

Provisions for liabilities
  

Deferred tax
 9 
(12,773)
(955)

Net assets
  
255,923
222,696


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Capital redemption reserve
  
1
1

Profit and loss account
  
250,922
217,695

  
255,923
222,696


Page 1

 
KIRKHAM BOARD ASSOCIATES LIMITED
Registered number: 05391538
    
Statement of Financial Position (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: 






L Cottrell
Director

Date: 26 November 2024

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

Page 2

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Kirkham Board Associates Limited (registered number: 05391538) is a private company limited by shares and incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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 financial statements are prepared in GBP rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 reporting 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 reporting 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 reporting date.


 
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.

Page 4

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.7
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:

Motor vehicles
-
25% Straight line
Fixtures & fittings
-
25% Straight line
Computer equipment
-
33% Straight line

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.

 
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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

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.

 
2.12

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 12 (2023 - 12).

Page 5

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
11,663
5,460
17,123


Additions
63,608
11,081
866
75,555



At 31 March 2024

63,608
22,744
6,326
92,678



Depreciation


At 1 April 2023
-
8,964
3,146
12,110


Charge for the year on owned assets
-
2,073
1,160
3,233



At 31 March 2024

-
11,037
4,306
15,343



Net book value



At 31 March 2024
63,608
11,707
2,020
77,335



At 31 March 2023
-
2,699
2,314
5,013

Included in net book value is £63,608 (2023 : £Nil) of assets purchased on hire purchase.


 

Page 6

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Debtors

2024
2023
£
£


Trade debtors
124,754
52,565

Other debtors
15,115
4,693

Prepayments and accrued income
12,802
8,827

152,671
66,085



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,113
9,627

Corporation tax
21,680
10,531

Other taxation and social security
60,502
36,882

Obligations under finance lease and hire purchase contracts
19,214
-

Other creditors
42,548
11,282

Accruals and deferred income
6,797
8,763

156,854
77,085



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
45,926
-

45,926
-


Page 7

 
KIRKHAM BOARD ASSOCIATES LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,943
-

Between 1-5 years
45,099
-

55,042
-


9.


Deferred taxation




2024


£






At beginning of year
(955)


Charged to profit or loss
(11,818)



At end of year
(12,773)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,773)
(955)

(12,773)
(955)

 
Page 8