Caseware UK (AP4) 2024.0.164 2024.0.164 2023-09-01falseNo description of principal activity2728truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07616499 2023-09-01 2024-08-31 07616499 2022-09-01 2023-08-31 07616499 2024-08-31 07616499 2023-08-31 07616499 c:Director1 2023-09-01 2024-08-31 07616499 d:MotorVehicles 2023-09-01 2024-08-31 07616499 d:MotorVehicles 2024-08-31 07616499 d:MotorVehicles 2023-08-31 07616499 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07616499 d:OfficeEquipment 2023-09-01 2024-08-31 07616499 d:OfficeEquipment 2024-08-31 07616499 d:OfficeEquipment 2023-08-31 07616499 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07616499 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07616499 d:Goodwill 2023-09-01 2024-08-31 07616499 d:Goodwill 2024-08-31 07616499 d:Goodwill 2023-08-31 07616499 d:CurrentFinancialInstruments 2024-08-31 07616499 d:CurrentFinancialInstruments 2023-08-31 07616499 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07616499 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07616499 d:ShareCapital 2024-08-31 07616499 d:ShareCapital 2023-08-31 07616499 d:RetainedEarningsAccumulatedLosses 2024-08-31 07616499 d:RetainedEarningsAccumulatedLosses 2023-08-31 07616499 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 07616499 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 07616499 c:FRS102 2023-09-01 2024-08-31 07616499 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07616499 c:FullAccounts 2023-09-01 2024-08-31 07616499 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07616499 2 2023-09-01 2024-08-31 07616499 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07616499










Sinclair-Strong Consultants Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2024

 
Sinclair-Strong Consultants Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Sinclair-Strong Consultants Ltd for the year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sinclair-Strong Consultants Ltd for the year ended 31 August 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Sinclair-Strong Consultants Ltd, as a body, in accordance with the terms of our engagement letter dated 15 April 2024Our work has been undertaken solely to prepare for your approval the financial statements of Sinclair-Strong Consultants Ltd and state those matters that we have agreed to state to the Board of directors of Sinclair-Strong Consultants Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sinclair-Strong Consultants Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Sinclair-Strong Consultants Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sinclair-Strong Consultants Ltd. You consider that Sinclair-Strong Consultants Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sinclair-Strong Consultants Ltd. 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 statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ
21 March 2025
Page 1

 
Sinclair-Strong Consultants Ltd
Registered number: 07616499

Balance sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
17,005
13,838

  
17,005
13,838

Current assets
  

Debtors: amounts falling due within one year
 6 
77,378
76,124

Current asset investments
 7 
256,685
-

Cash at bank and in hand
  
155,518
1,359,568

  
489,581
1,435,692

Creditors: amounts falling due within one year
 8 
(137,152)
(114,640)

Net current assets
  
 
 
352,429
 
 
1,321,052

Total assets less current liabilities
  
369,434
1,334,890

Provisions for liabilities
  

Deferred tax
 9 
(1,383)
(408)

  
 
 
(1,383)
 
 
(408)

Net assets
  
368,051
1,334,482


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
367,951
1,334,382

  
368,051
1,334,482


Page 2

 
Sinclair-Strong Consultants Ltd
Registered number: 07616499

Balance sheet (continued)
As at 31 August 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 21 March 2025.




Dr N Sinclair
Director

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

Page 3

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

1.


General information

Sinclair-Strong Consultants Ltd is a private company limited by shares and is incorporated in England and Wales with the registration number 07616499. The address of the registered office and principal place of business is Suite 22, Building 80 Churchill Square, Kings Hill, West Malling, Kent, United Kingdom, ME19 4YU.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment 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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 4

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
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.

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:

Motor vehicles
-
25% reducing balance
Office equipment
-
3 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.

 
2.5

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

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 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.


 
Page 5

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

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 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.

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.

 

Page 6

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Derecognition of financial liabilities

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

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Interest income

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

 
2.13

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.

Page 7

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.14

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 28).

Page 8

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
150,000



At 31 August 2024

150,000



Amortisation


At 1 September 2023
150,000



At 31 August 2024

150,000



Net book value



At 31 August 2024
-



At 31 August 2023
-




5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
19,990
60,705
80,695


Additions
-
12,764
12,764



At 31 August 2024

19,990
73,469
93,459



Depreciation


At 1 September 2023
15,246
51,611
66,857


Charge for the year on owned assets
1,186
8,411
9,597



At 31 August 2024

16,432
60,022
76,454



Net book value



At 31 August 2024
3,558
13,447
17,005



At 31 August 2023
4,744
9,094
13,838

Page 9

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

6.


Debtors

2024
2023
£
£


Trade debtors
68,090
68,856

Other debtors
4,074
3,320

Prepayments and accrued income
5,214
3,948

77,378
76,124



7.


Current asset investments

2024
2023
£
£

Unlisted investments
256,685
-



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,504
8,214

Amounts owed to group undertakings
-
2,400

Corporation tax
33,303
73,857

Other taxation and social security
14,248
12,262

Other creditors
11,639
12,627

Accruals and deferred income
75,458
5,280

137,152
114,640



9.


Deferred taxation




2024


£






At beginning of year
(408)


Charged to profit or loss
(975)



At end of year
(1,383)

Page 10

 
Sinclair-Strong Consultants Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,383)
(408)

(1,383)
(408)


10.


Related party transactions

The company has taken advantage of the exemptions available under FRS102, section 33.5, not to
disclose details of its transactions with members of the group headed by Sinclair-Strong Holdings Limited.
At the balance sheet date the company owed the directors £11,639 (2023: £12,627) which is shown within other creditors. All other transactions with related parties that arose during the current and prior year, including any directors' remuneration payable, were done so under normal market conditions.


11.


Controlling party

The ultimate parent undertaking of the company is Sinclair-Strong Holdings Ltd, a company incorporated in England and Wales, where the ultimate controlling party is N Sinclair and L Strong by virtue of shareholding.


Page 11