Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-3033No description of principal activityfalse2023-10-0138truetruefalse 06960814 2023-10-01 2024-09-30 06960814 2022-10-01 2023-09-30 06960814 2024-09-30 06960814 2023-09-30 06960814 2022-10-01 06960814 c:Director3 2023-10-01 2024-09-30 06960814 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 06960814 d:Buildings d:ShortLeaseholdAssets 2024-09-30 06960814 d:Buildings d:ShortLeaseholdAssets 2023-09-30 06960814 d:FurnitureFittings 2023-10-01 2024-09-30 06960814 d:FurnitureFittings 2024-09-30 06960814 d:FurnitureFittings 2023-09-30 06960814 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06960814 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06960814 d:CurrentFinancialInstruments 2024-09-30 06960814 d:CurrentFinancialInstruments 2023-09-30 06960814 d:Non-currentFinancialInstruments 2024-09-30 06960814 d:Non-currentFinancialInstruments 2023-09-30 06960814 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06960814 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06960814 d:ShareCapital 2024-09-30 06960814 d:ShareCapital 2023-09-30 06960814 d:SharePremium 2024-09-30 06960814 d:SharePremium 2023-09-30 06960814 d:CapitalRedemptionReserve 2024-09-30 06960814 d:CapitalRedemptionReserve 2023-09-30 06960814 d:RetainedEarningsAccumulatedLosses 2024-09-30 06960814 d:RetainedEarningsAccumulatedLosses 2023-09-30 06960814 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 06960814 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 06960814 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 06960814 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 06960814 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06960814 c:OrdinaryShareClass1 2024-09-30 06960814 c:OrdinaryShareClass1 2023-09-30 06960814 c:OrdinaryShareClass2 2023-10-01 2024-09-30 06960814 c:OrdinaryShareClass2 2024-09-30 06960814 c:OrdinaryShareClass2 2023-09-30 06960814 c:FRS102 2023-10-01 2024-09-30 06960814 c:Audited 2023-10-01 2024-09-30 06960814 c:FullAccounts 2023-10-01 2024-09-30 06960814 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06960814 d:WithinOneYear 2024-09-30 06960814 d:WithinOneYear 2023-09-30 06960814 d:BetweenOneFiveYears 2024-09-30 06960814 d:BetweenOneFiveYears 2023-09-30 06960814 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06960814 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 06960814







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


EQUALS CONSULTING LIMITED






































img421a.png                        

 


EQUALS CONSULTING LIMITED
REGISTERED NUMBER:06960814



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
83,824
107,307

  
83,824
107,307

Current assets
  

Debtors: amounts falling due after more than one year
 5 
39,908
39,908

Debtors: amounts falling due within one year
 5 
1,285,132
1,241,536

Cash at bank and in hand
  
863,538
840,489

  
2,188,578
2,121,933

Creditors: amounts falling due within one year
 6 
(1,322,908)
(1,325,071)

Net current assets
  
 
 
865,670
 
 
796,862

Total assets less current liabilities
  
949,494
904,169

Provisions for liabilities
  

Deferred tax
 7 
(12,382)
(16,024)

Other provisions
  
(11,667)
(6,667)

  
 
 
(24,049)
 
 
(22,691)

Net assets
  
925,445
881,478


Capital and reserves
  

Called up share capital 
 8 
57,051
57,051

Share premium account
  
51,505
51,505

Capital redemption reserve
  
180,449
180,449

Profit and loss account
  
636,440
592,473

  
925,445
881,478


Page 1

 


EQUALS CONSULTING LIMITED
REGISTERED NUMBER:06960814


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 comprehensive income 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 22 April 2025.




D L Patterson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Equals Consulting Limited is a private company, limited by shares, and registered in England and Wales. The registered office address is 95 Gresham Street, London, EC2V 7AB.

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

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. Directors, having made appropriate enquiries, consider that adequate resources exist for the company to continue in operational existence for the foreseeable future; and with the continued support of the company's shareholders, the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements for the year ended 30 September 2024.

 
2.3

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. Exchange differences are taken into account in arriving at the operating result.

 
2.4

Revenue

Revenue represents amounts receivable for services net of VAT and trade discounts. Revenue is recognised in the period in which the service is provided.

 
2.5

Pensions

Pension costs and other post-retirement benefits

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 3

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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:

Short leasehold
-
25%
on cost
Furniture, fixtures & equipment
-
25%
on cost

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.

  
2.8

Amounts recoverable on long term contracts

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as revenue in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded revenue and related costs.

Page 4

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recongition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in assets of the company after deducting all its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2023 - 33).

Page 5

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Short leasehold
Furniture, fixtures & equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
59,166
188,931
248,097


Additions
-
11,974
11,974



At 30 September 2024

59,166
200,905
260,071



Depreciation


At 1 October 2023
15,954
124,836
140,790


Charge for the year on owned assets
14,791
20,666
35,457



At 30 September 2024

30,745
145,502
176,247



Net book value



At 30 September 2024
28,421
55,403
83,824



At 30 September 2023
43,212
64,095
107,307

Page 6

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
39,908
39,908

39,908
39,908


2024
2023
£
£

Due within one year

Trade debtors
905,522
708,936

Other debtors
18,913
16,641

Prepayments and accrued income
137,879
334,914

Amounts recoverable on long term contracts
222,818
181,045

1,285,132
1,241,536



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments on account
263,523
282,279

Trade creditors
119,736
125,293

Corporation tax
47,763
63,032

Social security and other taxes
99,833
102,423

VAT
262,276
210,108

Other creditors
72,546
54,108

Accruals and deferred income
457,231
487,828

1,322,908
1,325,071


Page 7

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Deferred taxation




2024
2023


£

£




Deferred tax


Opening balance
(16,024)
(11,703)


Charged to profit or loss
3,642
(4,321)



At end of year
(12,382)
(16,024)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,851)
(16,024)

Other provisions
1,469
-

(12,382)
(16,024)


8.


Share capital

2024
2023
£
£
Allotted, issued and fully paid



46,459 (2023 - 46,459) A Ordinary shares of £1.00 each
46,459
46,459
10,592 (2023 - 10,592) B Ordinary shares of £1.00 each
10,592
10,592

57,051

57,051

The A Ordinary shares and the B Ordinary shares rank pari passu in all respects except for the B Ordinary shares carry no voting rights.



9.


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 £69,311 (2023 - £58,958). Contributions totalling £14,822 (2023 - £11,918) were payable to the fund at the reporting date and are included in creditors.

Page 8

 


EQUALS CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
110,856
133,027

Later than 1 year and not later than 5 years
210,626
321,482

321,482
454,509


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 23 April 2025 by Ralph Mitchison FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 9