Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity5true2023-03-303falsetrue 3356255 2023-03-30 2024-03-31 3356255 2022-04-01 2023-03-29 3356255 2024-03-31 3356255 2023-03-29 3356255 c:Director9 2023-03-30 2024-03-31 3356255 d:CurrentFinancialInstruments 2024-03-31 3356255 d:CurrentFinancialInstruments 2023-03-29 3356255 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 3356255 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-29 3356255 d:ShareCapital 2024-03-31 3356255 d:ShareCapital 2023-03-29 3356255 d:CapitalRedemptionReserve 2024-03-31 3356255 d:CapitalRedemptionReserve 2023-03-29 3356255 d:RetainedEarningsAccumulatedLosses 2024-03-31 3356255 d:RetainedEarningsAccumulatedLosses 2023-03-29 3356255 c:FRS102 2023-03-30 2024-03-31 3356255 c:Audited 2023-03-30 2024-03-31 3356255 c:FullAccounts 2023-03-30 2024-03-31 3356255 c:PrivateLimitedCompanyLtd 2023-03-30 2024-03-31 3356255 c:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 3356255










FIRMVALUE PAYROLLS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Period Ended 31 March 2024

 
FIRMVALUE PAYROLLS LIMITED
Registered number: 3356255

STATEMENT OF FINANCIAL POSITION
As at 31 March 2024

31 March
29 March
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
50,765
38,509

Cash at bank and in hand
 5 
32,821
25,907

  
83,586
64,416

Creditors: amounts falling due within one year
 6 
(15,908)
(27,656)

Net current assets
  
 
 
67,678
 
 
36,760

Total assets less current liabilities
  
67,678
36,760

  

Net assets
  
67,678
36,760


Capital and reserves
  

Called up share capital 
  
250
250

Capital redemption reserve
  
100
100

Profit and loss account
  
67,328
36,410

  
67,678
36,760


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 P O'Connell
Director

Date: 21 March 2025
The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
FIRMVALUE PAYROLLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 March 2024

1.


General information

Firmvalue Payrolls Limited is a private company limited by shares and incorporated in England. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. and its company number is 03356255. There was no significant change in the company’s principal activity during the year which continued to be the provision of payroll services.

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 the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional currency of the entity.

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.

Page 2

 
FIRMVALUE PAYROLLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in the Statement of income and retained earnings, 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 is recognised in respect of all timing differences at the reporting date.  Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.  Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 5).

Page 3

 
FIRMVALUE PAYROLLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 March 2024

4.


Debtors

31 March
29 March
2024
2023
£
£


Trade debtors
50,765
387

Prepayments and accrued income
-
38,122

50,765
38,509



5.


Cash and cash equivalents

31 March
29 March
2024
2023
£
£

Cash at bank and in hand
32,821
25,907

32,821
25,907



6.


Creditors: Amounts falling due within one year

31 March
29 March
2024
2023
£
£

Corporation tax
-
22,521

Other taxation and social security
15,908
5,135

15,908
27,656



7.


Controlling party

The immediate parent undertaking of the company from 30 March 2023 was Shaw Gibbs Limited, a limited company incorporated in England and Wales, which owns 100% of the issued share capital of Firmvalue Payrolls Limited.  
The ultimate parent undertaking from 30 March 2023 was Apiary Capital LLP, a limited liability partnership incorporated in England and Wales.

Page 4

 
FIRMVALUE PAYROLLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Period Ended 31 March 2024

8.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 21 March 2025 by Rodney Mark Morgan (Senior statutory auditor) on behalf of Cox Hinkins Audit Services Limited.

 
Page 5