Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsefalse2023-05-01No description of principal activitytrue11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10797433 2023-05-01 2024-04-30 10797433 2022-05-01 2023-04-30 10797433 2024-04-30 10797433 2023-04-30 10797433 c:Director1 2023-05-01 2024-04-30 10797433 d:ComputerEquipment 2023-05-01 2024-04-30 10797433 d:ComputerEquipment 2024-04-30 10797433 d:ComputerEquipment 2023-04-30 10797433 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10797433 d:CurrentFinancialInstruments 2024-04-30 10797433 d:CurrentFinancialInstruments 2023-04-30 10797433 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10797433 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10797433 d:ShareCapital 2024-04-30 10797433 d:ShareCapital 2023-04-30 10797433 d:RetainedEarningsAccumulatedLosses 2024-04-30 10797433 d:RetainedEarningsAccumulatedLosses 2023-04-30 10797433 c:FRS102 2023-05-01 2024-04-30 10797433 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10797433 c:FullAccounts 2023-05-01 2024-04-30 10797433 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10797433 2 2023-05-01 2024-04-30 10797433 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10797433









FINANCE KNOWHOW LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FINANCE KNOWHOW LIMITED
REGISTERED NUMBER: 10797433

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
£
£
£
£

Fixed assets
  

Tangible assets
 4 
465
620

  
465
620

Current assets
  

Debtors: amounts falling due within one year
 5 
41,577
52,402

Cash at bank and in hand
 6 
65,777
55,987

  
107,354
108,389

Creditors: amounts falling due within one year
 7 
(8,463)
(9,263)

Net current assets
  
 
 
98,891
 
 
99,126

Total assets less current liabilities
  
99,356
99,746

  

Net assets
  
99,356
99,746


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
99,355
99,745

  
99,356
99,746


Page 1

 
FINANCE KNOWHOW LIMITED
REGISTERED NUMBER: 10797433
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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: 




................................................
D Heckner
Director

Date: 29 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FINANCE KNOWHOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Finance Knowhow Limited is a private company limited by shares, incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.

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

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.

 
2.3

Interest income

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

 
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.

Page 3

 
FINANCE KNOWHOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer 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.

 
2.5

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

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.

 
2.8

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

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
FINANCE KNOWHOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
1,999



At 30 April 2024

1,999



Depreciation


At 1 May 2023
1,379


Charge for the year on owned assets
155



At 30 April 2024

1,534



Net book value



At 30 April 2024
465


5.


Debtors

2024
2023
£
£


Other debtors
41,577
52,402



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
65,777
55,987


Page 5

 
FINANCE KNOWHOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
5,393
5,393

Accruals and deferred income
3,070
3,870

8,463
9,263


 
Page 6