Caseware UK (AP4) 2023.0.135 2023.0.135 The company operates directors current accounts with the Directors which are unsecured, interest free and repayable on demand. The following balances owed by directors were outstanding at the year end:No description of principal activity102023-10-01false10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04598144 2023-10-01 2024-09-30 04598144 2022-10-01 2023-09-30 04598144 2024-09-30 04598144 2023-09-30 04598144 c:CompanySecretary1 2023-10-01 2024-09-30 04598144 c:Director1 2023-10-01 2024-09-30 04598144 c:Director2 2023-10-01 2024-09-30 04598144 c:Director3 2023-10-01 2024-09-30 04598144 c:RegisteredOffice 2023-10-01 2024-09-30 04598144 d:PlantMachinery 2023-10-01 2024-09-30 04598144 d:MotorVehicles 2023-10-01 2024-09-30 04598144 d:MotorVehicles 2024-09-30 04598144 d:MotorVehicles 2023-09-30 04598144 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04598144 d:FurnitureFittings 2023-10-01 2024-09-30 04598144 d:FurnitureFittings 2024-09-30 04598144 d:FurnitureFittings 2023-09-30 04598144 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04598144 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04598144 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04598144 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04598144 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04598144 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04598144 d:ShareCapital 2024-09-30 04598144 d:ShareCapital 2023-09-30 04598144 d:RetainedEarningsAccumulatedLosses 2024-09-30 04598144 d:RetainedEarningsAccumulatedLosses 2023-09-30 04598144 c:OrdinaryShareClass1 2023-10-01 2024-09-30 04598144 c:OrdinaryShareClass1 2024-09-30 04598144 c:OrdinaryShareClass1 2023-09-30 04598144 c:FRS102 2023-10-01 2024-09-30 04598144 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04598144 c:AbridgedAccounts 2023-10-01 2024-09-30 04598144 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04598144 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04598144 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04598144 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04598144










FORIS SOLUTIONS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 September 2024

 
FORIS SOLUTIONS LIMITED
 

Company Information


Directors
D Bullman 
R L Burton 
M A Thompson 




Company secretary
C E Bullman



Registered number
04598144



Registered office
Unit 7, Bookers Way
Todwick Road Industrial Estate

Sheffield

South Yorkshire

S25 3SH




Trading Address
Unit 7, Bookers Way
Todwick Road Industrial Estate

Dinnington

Sheffield

South Yorkshire

S25 3SH







 
FORIS SOLUTIONS LIMITED
Registered number: 04598144

Balance Sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,866
2,956

  
1,866
2,956

Current assets
  

Stocks
  
182,367
153,149

Debtors
  
719,636
439,921

Cash at bank and in hand
  
87,580
22,147

  
989,583
615,217

Creditors: amounts falling due within one year
  
(1,029,903)
(646,468)

Net current liabilities
  
 
 
(40,320)
 
 
(31,251)

Total assets less current liabilities
  
(38,454)
(28,295)

Creditors: amounts falling due after more than one year
  
(8,773)
(19,062)

Provisions for liabilities
  
(355)
(560)

Net liabilities
  
(47,582)
(47,917)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(47,682)
(48,017)

  
(47,582)
(47,917)


Page 1

 
FORIS SOLUTIONS LIMITED
Registered number: 04598144

Balance Sheet (continued)
As at 30 September 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 on 16 January 2025.




D Bullman
Director

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

Page 2

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

1.


General information

Foris Solutions Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 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:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
            - the Company has transferred the significant risks and rewards of ownership to the buyer;
            - the Company retains neither continuing managerial involvement to the degree usually 
              associated with ownership nor effective control over the goods sold;
            - the amount of revenue can be measured reliably;
            - it is probable that the Company will receive the consideration due under the transaction; and
              the costs incurred or to be incurred in respect of the transaction can be measured reliably

 
2.4

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.

 
2.5

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

Borrowing costs

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

 
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.

 
2.8

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.


Page 4

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.9

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. 

Depreciation is provided on the following basis:

Computer equipment
-
25%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Fixtures & equipment
-
25%
reducing balance basis

 
2.10

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.

 
2.11

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.

 
2.12

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

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.

 
2.14

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.

 
2.15

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.

Basic financial assets
Page 5

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

 
2.16

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 10 (2023 -10).

Page 6

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
7,391
56,152
63,543



At 30 September 2024

7,391
56,152
63,543



Depreciation


At 1 October 2023
6,364
54,223
60,587


Charge for the year on owned assets
257
833
1,090



At 30 September 2024

6,621
55,056
61,677



Net book value



At 30 September 2024
770
1,096
1,866



At 30 September 2023
1,027
1,929
2,956


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
87,580
22,147

87,580
22,147



6.


Deferred taxation




2024


£






At 1 October 2023
560


Movement
(205)



At 30 September 2024
355

Page 7

 
FORIS SOLUTIONS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024
 
6.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
355
560

355
560


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary Shares of £1 shares of £1.00 each
100
100



8.


Related party transactions

The company operates directors current accounts with the Directors which are unsecured, interest free and repayable on demand. The following balances owed by directors were outstanding at the year end:


2024
2023
£
£

D Bullman
7,278
7,278
R L Burton
7,341
7,341
M A Thompson
4,546
4,546
19,165
19,165


Page 8