Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31Depreciation 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 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.2023-08-01false1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02827338 2023-08-01 2024-07-31 02827338 2022-08-01 2023-07-31 02827338 2024-07-31 02827338 2023-07-31 02827338 2022-08-01 02827338 c:Director1 2023-08-01 2024-07-31 02827338 d:MotorVehicles 2023-08-01 2024-07-31 02827338 d:MotorVehicles 2024-07-31 02827338 d:MotorVehicles 2023-07-31 02827338 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02827338 d:FurnitureFittings 2023-08-01 2024-07-31 02827338 d:FurnitureFittings 2024-07-31 02827338 d:FurnitureFittings 2023-07-31 02827338 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02827338 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02827338 d:CurrentFinancialInstruments 2024-07-31 02827338 d:CurrentFinancialInstruments 2023-07-31 02827338 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02827338 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02827338 d:ShareCapital 2024-07-31 02827338 d:ShareCapital 2023-07-31 02827338 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 02827338 d:RetainedEarningsAccumulatedLosses 2024-07-31 02827338 d:RetainedEarningsAccumulatedLosses 2023-07-31 02827338 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 02827338 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 02827338 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-31 02827338 c:OrdinaryShareClass1 2023-08-01 2024-07-31 02827338 c:OrdinaryShareClass1 2024-07-31 02827338 c:OrdinaryShareClass1 2023-07-31 02827338 c:FRS102 2023-08-01 2024-07-31 02827338 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02827338 c:FullAccounts 2023-08-01 2024-07-31 02827338 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02827338 d:RetirementBenefitObligationsDeferredTax 2024-07-31 02827338 d:RetirementBenefitObligationsDeferredTax 2023-07-31 02827338 d:OtherDeferredTax 2024-07-31 02827338 d:OtherDeferredTax 2023-07-31 02827338 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02827338









C.P.A. CONSUMER GUARD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
C.P.A. CONSUMER GUARD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF C.P.A. CONSUMER GUARD LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In accordance with our engagement letter dated 21 August 2024 and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the Company for the year ended 31 July 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given to 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 www.icaew.com/en/members/regulations-standards-and-guidance/.


Respective responsibilities of directors and accountants

You have acknowledged on the balance sheet for the year ended 31 July 2024  your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory requirement for an audit for the year.
 

This report is made solely to the Board of directors of C.P.A. Consumer Guard Limited, as a body, in accordance with the terms of our engagement letter  dated  21 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of the Company and state those matters that we have agreed to state to the Board of directors, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept nor assume responsibility to anyone other than the Company and its Board of directors, as a body, for our work or for this report.
 
We have not been instructed to carry out an audit or review of the financial statements of C.P.A. Consumer Guard 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 financial statements.





Forvis Mazars LLP
 
Chartered Accountants
  
The Pinnacle
160 Midsummer Boulevard
Milton Keynes
MK9 1FF

17 February 2025
Page 1

 
C.P.A. CONSUMER GUARD LIMITED
REGISTERED NUMBER: 02827338

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
186,011
256,717

  
186,011
256,717

Current assets
  

Debtors due within 1 year
 5 
109,830
104,436

Bank & cash balances
 6 
1,056,581
689,868

  
1,166,411
794,304

Creditors: amounts falling due within one year
 7 
(428,477)
(314,268)

Net current assets
  
 
 
737,934
 
 
480,036

Total assets less current liabilities
  
923,945
736,753

Provisions for liabilities
  

Deferred tax
 8 
(35,802)
(52,921)

Other provision
 9 
(222,144)
(293,277)

  
 
 
(257,946)
 
 
(346,198)

Net assets
  
665,999
390,555


Capital and reserves
  

Called up share capital 
 10 
80
80

Profit and loss account
 11 
665,919
390,475

  
665,999
390,555


Page 2

 
C.P.A. CONSUMER GUARD LIMITED
REGISTERED NUMBER: 02827338
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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: 




J L Brett
Director

Date: 15 February 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

C.P.A. Consumer Guard Limited ("the company") is a private company limited by shares, registered and incorporated in England and Wales, company number 02827338. The address of its registered office and principal place of business is 11 North Bridge Street, Shefford, Bedfordshire, SG17 5DQ.
The principal activity of the company continues to be that of acting as agents for the provision of guarantee policies for home improvement services.
These financial statements have been presented in Pounds Sterling as this is the company's functional
currency, being the primary economic enviroment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.

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

These financial statements have been prepared on a going concern basis as the directors have not
identified any material uncertainties or events that may cast significant doubt about the ability of the
company to continue as a going concern.

 
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 4

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Borrowing costs

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

 
2.6

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.

 
2.7

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.

Page 5

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

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:

Motor vehicles
-
4 years straight line
Fixtures & fittings
-
7 years 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.

 
2.9

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. 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.

 
2.10

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.

  
2.11

Claim fund provision

The claim fund provision represents the estimated value of unexpired warranties issued by the company that have not been utilised. A charge or credit is made to the provision via cost of sales to reflect the sums to be carried forward and utilised in subsequent periods.

 
2.12

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Page 6

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.

Page 7

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).


4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
289,606
55,420
345,026



At 31 July 2024

289,606
55,420
345,026



Depreciation


At 1 August 2023
50,967
37,342
88,309


Charge for the year on owned assets
67,253
3,453
70,706



At 31 July 2024

118,220
40,795
159,015



Net book value



At 31 July 2024
171,386
14,625
186,011



At 31 July 2023
238,639
18,078
256,717

Page 8

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
66,478
67,732

Prepayments
16,629
10,008

Other debtors
26,722
26,696

109,829
104,436



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,056,581
689,868

1,056,581
689,868



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other borrowings
1,892
1,268

Trade creditors
33,961
38,985

Corporation tax
194,105
118,341

Other taxation and social security
126,432
121,102

Other creditors
52,901
27,107

Accruals and deferred income
19,186
7,465

428,477
314,268


Included within other crediotrs is an amount owed to a related party. This amount is interest free, has no fixed repayment terms and is therefore deemed to be repayable on demand.

Page 9

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(52,921)
-


Charged to Profit or Loss in the year
17,119
(52,921)



At end of year
(35,802)
(52,921)

2024
2023
£
£


Capital allowances
(36,274)
(53,067)

Short term timing differences
472
146


9.


Provisions




Claims fund

£





At 1 August 2023
293,277


Charged to profit or loss
(71,133)



At 31 July 2024
222,144


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80 (2023 - 80) Ordinary shares of £1.00 each
80
80



11.


Reserves

Profit & loss account

The profit and loss account represents cumulative profits and losses of the company.

Page 10

 
C.P.A. CONSUMER GUARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Transactions with directors

At the year end J Travers owed the company £577 (2023: £551). The maximum liability during the year was £638. This balance is disclosed in other debtors. This amount is interest free with no fixed terms for repayment, therefore considered repayable within one year.

 
Page 11