Caseware UK (AP4) 2023.0.135 2023.0.135 82023-04-01falseNo description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04263208 2023-04-01 2024-03-31 04263208 2022-04-01 2023-03-31 04263208 2024-03-31 04263208 2023-03-31 04263208 c:Director1 2023-04-01 2024-03-31 04263208 d:PlantMachinery 2023-04-01 2024-03-31 04263208 d:PlantMachinery 2024-03-31 04263208 d:PlantMachinery 2023-03-31 04263208 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04263208 d:OfficeEquipment 2023-04-01 2024-03-31 04263208 d:OfficeEquipment 2024-03-31 04263208 d:OfficeEquipment 2023-03-31 04263208 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04263208 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04263208 d:CurrentFinancialInstruments 2024-03-31 04263208 d:CurrentFinancialInstruments 2023-03-31 04263208 d:Non-currentFinancialInstruments 2024-03-31 04263208 d:Non-currentFinancialInstruments 2023-03-31 04263208 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04263208 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04263208 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04263208 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04263208 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04263208 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04263208 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04263208 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04263208 d:ShareCapital 2024-03-31 04263208 d:ShareCapital 2023-03-31 04263208 d:RetainedEarningsAccumulatedLosses 2024-03-31 04263208 d:RetainedEarningsAccumulatedLosses 2023-03-31 04263208 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04263208 c:OrdinaryShareClass1 2024-03-31 04263208 c:OrdinaryShareClass1 2023-03-31 04263208 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04263208 c:OrdinaryShareClass2 2024-03-31 04263208 c:OrdinaryShareClass2 2023-03-31 04263208 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04263208 c:OrdinaryShareClass3 2024-03-31 04263208 c:FRS102 2023-04-01 2024-03-31 04263208 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04263208 c:FullAccounts 2023-04-01 2024-03-31 04263208 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04263208 2 2023-04-01 2024-03-31 04263208 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04263208










Julian Church & Associates Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Julian Church & Associates Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Julian Church & Associates Limited for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Julian Church & Associates Limited for the year ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Julian Church & Associates Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Julian Church & Associates Limited and state those matters that we have agreed to state to the director of Julian Church & Associates Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julian Church & Associates Limited and its director for our work or for this report. 

It is your duty to ensure that Julian Church & Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Julian Church & Associates Limited. You consider that Julian Church & Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Julian Church & Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
3 December 2024
Page 1

 
Julian Church & Associates Limited
Registered number: 04263208

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
139
526

  
139
526

Current assets
  

Debtors: amounts falling due within one year
 5 
150,252
150,920

Cash at bank and in hand
  
43
23,314

  
150,295
174,234

Creditors: amounts falling due within one year
 6 
(100,464)
(73,321)

Net current assets
  
 
 
49,831
 
 
100,913

Total assets less current liabilities
  
49,970
101,439

Creditors: amounts falling due after more than one year
 7 
(47,995)
(20,990)

  

Net assets
  
1,975
80,449


Capital and reserves
  

Called up share capital 
 9 
1,052
1,000

Profit and loss account
  
923
79,449

  
1,975
80,449


The director considers 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 director acknowledges his 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: 

................................................
J M Church
Director
Date: 3 December 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The company is a private company limited by share capital incorporated in England and Wales, registered number 04263208.
The address of its registered office is: 
37 St Georges Road, Worthing, West Sussex, BN11 2DR

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.

 
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.

Page 3

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

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.

The estimated useful life range as follows:

Plant and machinery
-
36 months
Office equipment
-
48 months

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
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 profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Taxation

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.


3.


Employees

2024
2023
£
£

Wages and salaries
356,707
371,414

Social security costs
34,920
38,803

Cost of defined contribution scheme
24,558
15,322

416,185
425,539


The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 5

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost


At 1 April 2023
553
42,147
42,700



At 31 March 2024

553
42,147
42,700



Depreciation


At 1 April 2023
230
41,944
42,174


Charge for the year on owned assets
184
203
387



At 31 March 2024

414
42,147
42,561



Net book value



At 31 March 2024
139
-
139



At 31 March 2023
323
203
526

Page 6

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Debtors

2024
2023
£
£


Trade debtors
88,838
64,965

Other debtors
49,211
72,790

Called up share capital not paid
52
-

Prepayments and accrued income
12,151
13,165

150,252
150,920



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
23,055
-

Bank loans
20,788
10,677

Trade creditors
2,563
2,940

Corporation tax
8,129
10,231

Other taxation and social security
41,282
45,505

Other creditors
947
1,618

Accruals and deferred income
3,700
2,350

100,464
73,321



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
47,995
20,990

47,995
20,990


Page 7

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,788
10,677


20,788
10,677

Amounts falling due 1-2 years

Bank loans
36,600
20,990


36,600
20,990

Amounts falling due 2-5 years

Bank loans
11,395
-


11,395
-


68,783
31,667


Bank loans are secured by way of a fixed and floating charge over the assets of the company.
Page 8

 
Julian Church & Associates Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



700 (2023 - 700) Ordinary A shares of £1.00 each
700
700
300 (2023 - 300) Ordinary B shares of £1.00 each
300
300

1,000

1,000

Unpaid share capital



52 (2023 - nil) Ordinary C shares of £1.00 each
52
-



10.


Pension commitments

The Company 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 £24,558 (2023 - £16,822). Contributions totalling £947 (2023 - £1,618) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

Transactions with directors
J Church
(Director of the company)
The company provided J Church with an unsecured interest free loan, repayable on demand. At the
balance sheet date the amount due from J Church was £1,952 (2023 - £22,052).
I Church
(Father of J Church, director of the company)
I Church was provided with an interest free loan from the company. At the balance sheet date the amount
due from I Church was £nil (2023 - £5,000).


Page 9