Caseware UK (AP4) 2023.0.135 2023.0.135 false27true2023-01-01falsefalseNo description of principal activity29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08558718 2023-01-01 2023-12-31 08558718 2022-01-01 2022-12-31 08558718 2023-12-31 08558718 2022-12-31 08558718 c:Director1 2023-01-01 2023-12-31 08558718 d:FurnitureFittings 2023-01-01 2023-12-31 08558718 d:FurnitureFittings 2023-12-31 08558718 d:FurnitureFittings 2022-12-31 08558718 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08558718 d:ComputerEquipment 2023-01-01 2023-12-31 08558718 d:ComputerEquipment 2023-12-31 08558718 d:ComputerEquipment 2022-12-31 08558718 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08558718 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08558718 d:Goodwill 2023-12-31 08558718 d:Goodwill 2022-12-31 08558718 d:CurrentFinancialInstruments 2023-12-31 08558718 d:CurrentFinancialInstruments 2022-12-31 08558718 d:Non-currentFinancialInstruments 2023-12-31 08558718 d:Non-currentFinancialInstruments 2022-12-31 08558718 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08558718 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08558718 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08558718 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08558718 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08558718 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 08558718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08558718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 08558718 d:ShareCapital 2023-12-31 08558718 d:ShareCapital 2022-12-31 08558718 d:RetainedEarningsAccumulatedLosses 2023-12-31 08558718 d:RetainedEarningsAccumulatedLosses 2022-12-31 08558718 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 08558718 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 08558718 d:RetirementBenefitObligationsDeferredTax 2023-12-31 08558718 d:RetirementBenefitObligationsDeferredTax 2022-12-31 08558718 d:OtherDeferredTax 2023-12-31 08558718 d:OtherDeferredTax 2022-12-31 08558718 c:FRS102 2023-01-01 2023-12-31 08558718 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08558718 c:FullAccounts 2023-01-01 2023-12-31 08558718 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08558718 2 2023-01-01 2023-12-31 08558718 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08558718 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















Alfred London Ltd























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 08558718

 
Alfred London Ltd - Registered number:08558718



Statement of financial position
As at 31 December 2023

As restated
As restated
2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible fixed assets
  
20,425
25,199

Tangible fixed assets
  
44,672
37,965

  
65,097
63,164

Current assets
  

Debtors: amounts falling due within one year
 6 
864,090
844,813

Cash at bank
  
238,611
248,988

  
1,102,701
1,093,801

Creditors: amounts falling due within one year
 7 
(690,397)
(613,229)

Net current assets
  
 
 
412,304
 
 
480,572

Total assets less current liabilities
  
477,401
543,736

Creditors: amounts falling due after more than one year
 8 
(367,935)
(161,488)

Provisions for liabilities
  

Deferred tax
 10 
(11,168)
(9,491)

  
 
 
(11,168)
 
 
(9,491)

Net assets
  
98,298
372,757


Capital and reserves
  

Share capital
  
2
2

Profit and loss account
  
98,296
372,755

  
98,298
372,757


Page 1

 
Alfred London Ltd - Registered number:08558718



Statement of financial position (continued)
As at 31 December 2023

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by: 




D F Neale
Director

Date: 28 January 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
Alfred London Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office and principle place of business is Third Floor, Old Street Works, 205 City Road, London, EC1V 1JN. The company registration number is 08558718.

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 Section 1A of Financial Reporting Standard 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS102') and the Companies Act
2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical
accounting estimates. It also requires management to exercise judgement in applying the company's
accounting policies.
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

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.

 
2.4

Interest income

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

 
2.5

Borrowing costs

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

Page 3

 
Alfred London Ltd
 


Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

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.
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.

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'.

 
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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
Alfred London Ltd
 


Notes to the financial statements
For the year ended 31 December 2023

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 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.


 
2.9

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

 
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.

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
-
33%
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.

Page 5

 
Alfred London Ltd
 


Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including 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

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 during the year was 29 (2022 - 27).

Page 6

 
Alfred London Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

4.


Intangible assets




Intangible asset

£



Cost


At 1 January 2023
47,747



At 31 December 2023

47,747



Amortisation


At 1 January 2023
22,548


Charge for the year on owned assets
4,774



At 31 December 2023

27,322



Net book value



At 31 December 2023
20,425



At 31 December 2022
25,199



Page 7

 
Alfred London Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
57,683
54,513
112,196


Additions
14,678
11,504
26,182



At 31 December 2023

72,361
66,017
138,378



Depreciation


At 1 January 2023
40,632
33,599
74,231


Charge for the year on owned assets
9,904
9,571
19,475



At 31 December 2023

50,536
43,170
93,706



Net book value



At 31 December 2023
21,825
22,847
44,672



At 31 December 2022
17,051
20,914
37,965


6.


Debtors

As restated
2023
2022
£
£


Trade debtors
380,767
637,714

Other debtors
294,635
189,350

Prepayments and accrued income
188,688
17,749

864,090
844,813


Page 8

 
Alfred London Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
100,220
57,339

Trade creditors
99,368
214,385

Corporation tax
102,423
75,484

Other taxation and social security
75,903
104,361

Other creditors
12,704
13,697

Accruals and deferred income
299,779
147,963

690,397
613,229



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Other loans due in 1-2 years
112,240
62,655

Other loans due in 2-5 years
255,695
98,833

367,935
161,488



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
100,220
57,339


100,220
57,339

Amounts falling due 1-2 years

Other loans due 1-2 years
112,240
62,655

Other loans due 2-5 years
255,695
98,833

468,155
218,827


Page 9

 
Alfred London Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

10.


Deferred taxation




2023


£






At beginning of year
(9,491)


Charged to profit or loss
(1,677)



At end of year
(11,168)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax losses carried forward
(4,837)
(4,837)

Origination and reversal of timing differences
(4,803)
(3,126)

Effect of tax rate change on opening balance
(1,528)
(1,528)

(11,168)
(9,491)


11.


Pension commitments

The company operates a defined contribution 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 £78,487 (2022 - £70,561) during the year. Contributions of £nil (2022 - £nil) were payable to the fund at 31 December 2023.


12.


Transactions with directors

During the year the director received advances of £100,000 (2022: £nil). Interest of £410 (2022: £nil) was due from the director. As at 31 December 2023 the balance of £100,410 (2022: £nil) remained outstanding. The loan has been repaid since the end of the accounting period.


13.


Prior year adjustment

There have been adjustments made in respect of the prior period as payment amounts had been incorrectly shown as a reduction of retained earnings and share capital. The adjustments have been made to reclassify amounts included within retained earnings to other debtors and capital redemption reserve to ordinary share capital. The effects of the adjustment are listed below:
1. Other debtors have increased by £160,090.
2. Retained earnings have increased by £160,090.
3. Capital redemption reserve has decreased by £1.
4. Ordinary share capital has increased by £1.


Page 10