Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-07falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-03-01No description of principal activity2220false 02568950 2024-03-01 2025-02-28 02568950 2023-03-01 2024-02-29 02568950 2025-02-28 02568950 2024-02-29 02568950 2023-03-01 02568950 c:Director1 2024-03-01 2025-02-28 02568950 c:Director2 2024-03-01 2025-02-28 02568950 d:MotorVehicles 2024-03-01 2025-02-28 02568950 d:MotorVehicles 2025-02-28 02568950 d:MotorVehicles 2024-02-29 02568950 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 02568950 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 02568950 d:OfficeEquipment 2024-03-01 2025-02-28 02568950 d:OfficeEquipment 2025-02-28 02568950 d:OfficeEquipment 2024-02-29 02568950 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 02568950 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 02568950 d:ComputerEquipment 2024-03-01 2025-02-28 02568950 d:ComputerEquipment 2025-02-28 02568950 d:ComputerEquipment 2024-02-29 02568950 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 02568950 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 02568950 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 02568950 d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 02568950 d:Goodwill 2024-03-01 2025-02-28 02568950 d:Goodwill 2025-02-28 02568950 d:Goodwill 2024-02-29 02568950 d:CurrentFinancialInstruments 2025-02-28 02568950 d:CurrentFinancialInstruments 2024-02-29 02568950 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 02568950 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 02568950 d:ShareCapital 2025-02-28 02568950 d:ShareCapital 2024-02-29 02568950 d:RetainedEarningsAccumulatedLosses 2025-02-28 02568950 d:RetainedEarningsAccumulatedLosses 2024-02-29 02568950 c:FRS102 2024-03-01 2025-02-28 02568950 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 02568950 c:FullAccounts 2024-03-01 2025-02-28 02568950 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 02568950 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 02568950 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 02568950 2 2024-03-01 2025-02-28 02568950 6 2024-03-01 2025-02-28 02568950 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-02-28 02568950 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-29 02568950 d:LeasedAssetsHeldAsLessee 2025-02-28 02568950 d:LeasedAssetsHeldAsLessee 2024-02-29 02568950 d:Goodwill d:OwnedIntangibleAssets 2024-03-01 2025-02-28 02568950 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Registered number: 02568950














FINANCIAL ADVICE & SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
FINANCIAL ADVICE & SERVICES LIMITED
REGISTERED NUMBER: 02568950

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note

Fixed assets
  

Intangible assets
 4 
391,695
441,712

Tangible assets
 5 
43,537
109,256

Investments
 6 
9
9

  
435,241
550,977

Current assets
  

Debtors: amounts falling due within one year
 7 
317,779
232,749

Cash at bank and in hand
 8 
838,472
521,500

  
1,156,251
754,249

Creditors: amounts falling due within one year
 9 
(430,946)
(434,578)

Net current assets
  
 
 
725,305
 
 
319,671

Total assets less current liabilities
  
1,160,546
870,648

Provisions for liabilities
  

Deferred tax
 10 
(10,094)
(27,314)

  
 
 
(10,094)
 
 
(27,314)

Net assets
  
£1,150,452
£843,334


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
1,140,452
833,334

  
£1,150,452
£843,334


Page 1

 
FINANCIAL ADVICE & SERVICES LIMITED
REGISTERED NUMBER: 02568950

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

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 7 May 2025.




___________________________
Mr A D Brann
___________________________
Mrs A J Reeves
Director
Director

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

Page 2

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Financial Advice & Services Limited is a private company limited by shares and is incorporated in England and Wales. The company number is 02568950 and the registered office of the company is Sterling House, Concept Court, Shearway Business Park, Folkestone, Kent, CT19 4RG. 

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

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

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.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
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 Balance sheet. 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 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.


 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

Page 4

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.9

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
-
20% straight line basis
Office equipment
-
15% straight line basis
Computer equipment
-
30% straight line basis

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.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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 22 (2024 - 20).


4.


Intangible assets






Goodwill



Cost


At 1 March 2024
500,165



At 28 February 2025

500,165



Amortisation


At 1 March 2024
58,452


Charge for the year on owned assets
50,017



At 28 February 2025

108,469



Net book value



At 28 February 2025
£391,696



At 29 February 2024
£441,713



Page 6

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Tangible fixed assets







Motor vehicles
Office equipment
Computer equipment
Total



Cost or valuation


At 1 March 2024
110,789
86,800
66,486
264,075


Additions
-
4,342
8,861
13,203


Disposals
(110,789)
-
-
(110,789)



At 28 February 2025

-
91,142
75,347
166,489



Depreciation


At 1 March 2024
48,009
54,559
52,251
154,819


Charge for the year on owned assets
-
7,378
8,763
16,141


Charge for the year on financed assets
14,772
-
-
14,772


Disposals
(62,781)
-
-
(62,781)



At 28 February 2025

-
61,937
61,014
122,951



Net book value



At 28 February 2025
£-
£29,205
£14,333
£43,538



At 29 February 2024
£62,780
£32,241
£14,235
£109,256

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


28 February
29 February
2025
2024



Motor vehicles
-
62,780

£-
£62,780

Page 7

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Fixed asset investments








Other fixed asset investments



Cost or valuation


At 1 March 2024
9



At 28 February 2025
£9





7.


Debtors

28 February
29 February
2025
2024


Trade debtors
29,059
40,164

Amounts owed by group undertakings
272,524
122,524

Prepayments and accrued income
16,196
70,061

£317,779
£232,749



8.


Cash and cash equivalents

28 February
29 February
2025
2024

Cash at bank and in hand
£838,472
£521,500



9.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024

Trade creditors
14,679
13,192

Amounts owed to other participating interests
135,662
130,440

Other taxation and social security
164,050
144,241

Obligations under finance lease and hire purchase contracts
-
51,999

Other creditors
16,400
17,777

Accruals and deferred income
100,155
76,929

£430,946
£434,578


Page 8

 
FINANCIAL ADVICE & SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

10.


Deferred taxation






2025
2024





At beginning of year
(27,314)
(28,095)


Charged to profit or loss
17,220
781



At end of year
£(10,094)
£(27,314)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024


Accelerated capital allowances
10,094
27,314

£10,094
£27,314


11.


Pension commitments

The Company operates a defined contributions 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 £194,004 (2024 - £166,259). Contributions totalling £16,400 (2024 - £17,778) were payable to the fund at the balance sheet date and are included in creditors.


12.
Controlling party

At the balance sheet date, the parent undertaking is AB & AR Holdings Limited, a company incorporated in England and Wales. 
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.
 


Page 9