Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05207112 2023-11-01 2024-10-31 05207112 2022-11-01 2023-10-31 05207112 2024-10-31 05207112 2023-10-31 05207112 c:Director1 2023-11-01 2024-10-31 05207112 d:Buildings 2023-11-01 2024-10-31 05207112 d:Buildings 2024-10-31 05207112 d:Buildings 2023-10-31 05207112 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05207112 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05207112 d:PlantMachinery 2023-11-01 2024-10-31 05207112 d:PlantMachinery 2024-10-31 05207112 d:PlantMachinery 2023-10-31 05207112 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05207112 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05207112 d:MotorVehicles 2023-11-01 2024-10-31 05207112 d:MotorVehicles 2024-10-31 05207112 d:MotorVehicles 2023-10-31 05207112 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05207112 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05207112 d:FurnitureFittings 2023-11-01 2024-10-31 05207112 d:FurnitureFittings 2024-10-31 05207112 d:FurnitureFittings 2023-10-31 05207112 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05207112 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05207112 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05207112 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05207112 d:CurrentFinancialInstruments 2024-10-31 05207112 d:CurrentFinancialInstruments 2023-10-31 05207112 d:Non-currentFinancialInstruments 2024-10-31 05207112 d:Non-currentFinancialInstruments 2023-10-31 05207112 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05207112 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05207112 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 05207112 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 05207112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 05207112 d:ShareCapital 2024-10-31 05207112 d:ShareCapital 2023-10-31 05207112 d:RetainedEarningsAccumulatedLosses 2024-10-31 05207112 d:RetainedEarningsAccumulatedLosses 2023-10-31 05207112 c:OrdinaryShareClass1 2023-11-01 2024-10-31 05207112 c:OrdinaryShareClass1 2024-10-31 05207112 c:OrdinaryShareClass1 2023-10-31 05207112 c:FRS102 2023-11-01 2024-10-31 05207112 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05207112 c:FullAccounts 2023-11-01 2024-10-31 05207112 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05207112 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 05207112 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 05207112 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 05207112 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 05207112 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05207112










EGV CONSULTANCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
EGV CONSULTANCY LIMITED
REGISTERED NUMBER: 05207112

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
439,280
353,372

  
439,280
353,372

Current assets
  

Stocks
 5 
416,633
297,382

Debtors: amounts falling due within one year
 6 
181,808
348,988

  
598,441
646,370

Creditors: amounts falling due within one year
 7 
(356,739)
(377,392)

Net current assets
  
 
 
241,702
 
 
268,978

Total assets less current liabilities
  
680,982
622,350

Creditors: amounts falling due after more than one year
 8 
(235,624)
(226,205)

Provisions for liabilities
  

Deferred tax
  
(78,039)
(58,912)

  
 
 
(78,039)
 
 
(58,912)

Net assets
  
367,319
337,233


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
367,318
337,232

  
367,319
337,233


Page 1

 
EGV CONSULTANCY LIMITED
REGISTERED NUMBER: 05207112
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 profit and loss account 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: 




I Galliers
Director

Date: 4 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

EGV Consultancy Limited, 05207112, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Spring Cottage, Exfords Green, Shrewsbury, Shropshire, SY5 8HQ.

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

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.

 
2.4

Borrowing costs

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

Page 3

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

Page 4

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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 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.


 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance

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.

Page 5

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 2 (2023 - 2).

Page 6

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
117,725
57,850
359,627
5,008
540,210


Additions
-
70,833
68,000
664
139,497


Disposals
-
-
(41,433)
-
(41,433)



At 31 October 2024

117,725
128,683
386,194
5,672
638,274



Depreciation


At 1 November 2023
-
41,734
141,085
4,018
186,837


Charge for the year on owned assets
-
3,659
3,660
331
7,650


Charge for the year on financed assets
-
-
42,613
-
42,613


Disposals
-
-
(23,630)
-
(23,630)


On revalued assets
-
(12,352)
(2,124)
-
(14,476)



At 31 October 2024

-
33,041
161,604
4,349
198,994



Net book value



At 31 October 2024
117,725
95,642
224,590
1,323
439,280



At 31 October 2023
117,725
16,115
218,542
990
353,372


5.


Stocks

2024
2023
£
£

Raw materials and consumables
148,833
133,046

Work in progress
267,800
164,336

416,633
297,382


Page 7

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
181,808
348,988

181,808
348,988



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
38,592
6,732

Bank loans
5,520
5,520

Trade creditors
185,179
175,216

Other taxation and social security
6,363
64,556

Obligations under finance lease and hire purchase contracts
92,785
67,938

Other creditors
25,300
25,000

Accruals and deferred income
3,000
32,430

356,739
377,392


Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,645
31,054

Net obligations under finance leases and hire purchase contracts
42,094
88,184

Other creditors
168,885
106,967

235,624
226,205


Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Page 8

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,520
5,520


5,520
5,520

Amounts falling due 1-2 years

Bank loans
5,520
5,520


5,520
5,520

Amounts falling due 2-5 years

Bank loans
19,125
25,534


19,125
25,534


30,165
36,574


Page 9

 
EGV CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
32,211
39,139

Between 1-5 years
102,668
116,983

134,879
156,122


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £0.10 each
1
1


 
Page 10