Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3115truefalse2024-01-01falseMarketing utility service contracts14trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03086905 2024-01-01 2024-12-31 03086905 2023-01-01 2023-12-31 03086905 2024-12-31 03086905 2023-12-31 03086905 c:Director1 2024-01-01 2024-12-31 03086905 c:Director2 2024-01-01 2024-12-31 03086905 d:FurnitureFittings 2024-01-01 2024-12-31 03086905 d:FurnitureFittings 2024-12-31 03086905 d:FurnitureFittings 2023-12-31 03086905 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03086905 d:OfficeEquipment 2024-01-01 2024-12-31 03086905 d:OfficeEquipment 2024-12-31 03086905 d:OfficeEquipment 2023-12-31 03086905 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03086905 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03086905 d:CurrentFinancialInstruments 2024-12-31 03086905 d:CurrentFinancialInstruments 2023-12-31 03086905 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03086905 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03086905 d:ShareCapital 2024-12-31 03086905 d:ShareCapital 2023-12-31 03086905 d:RetainedEarningsAccumulatedLosses 2024-12-31 03086905 d:RetainedEarningsAccumulatedLosses 2023-12-31 03086905 c:FRS102 2024-01-01 2024-12-31 03086905 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03086905 c:FullAccounts 2024-01-01 2024-12-31 03086905 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03086905 d:WithinOneYear 2024-12-31 03086905 d:WithinOneYear 2023-12-31 03086905 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03086905










COST ADVICE SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
COST ADVICE SERVICES LIMITED
REGISTERED NUMBER: 03086905

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,703
10,553

Current assets
  

Debtors: amounts falling due within one year
 5 
69,509
113,186

Cash at bank and in hand
  
216,930
342,931

  
286,439
456,117

Creditors: amounts falling due within one year
 6 
(152,360)
(218,898)

Net current assets
  
 
 
134,079
 
 
237,219

Total assets less current liabilities
  
148,782
247,772

Provisions for liabilities
  

Deferred tax
  
(3,427)
(2,245)

Net assets
  
145,355
245,527


Capital and reserves
  

Called up share capital 
  
28
28

Profit and loss account
  
145,327
245,499

  
145,355
245,527


Page 1

 
COST ADVICE SERVICES LIMITED
REGISTERED NUMBER: 03086905
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 24 June 2025.




C L Ball
S R Ball
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
COST ADVICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Cost Advice Services Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 03086905). Its registered office is 1 Church View, Clay Cross, Chesterfield, Derbyshire, S45 9HA. The principal activity of the Company throughout the year continued to be that of marketing utility service contracts. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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 Company's functional and presentational currency is pounds sterling.

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 3

 
COST ADVICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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, as follows.

The depreciation rates used are:

Fixtures & fittings
-
15% straight line
Office equipment
-
15% 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.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties, loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

Page 4

 
COST ADVICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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

Tax is recognised in the Statement of Comprehensive Income. 
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 15).

Page 5

 
COST ADVICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
14,115
35,873
49,988


Additions
-
7,715
7,715


Disposals
-
(10,915)
(10,915)



At 31 December 2024

14,115
32,673
46,788



Depreciation


At 1 January 2024
13,743
25,692
39,435


Charge for the year on owned assets
304
3,257
3,561


Disposals
-
(10,911)
(10,911)



At 31 December 2024

14,047
18,038
32,085



Net book value



At 31 December 2024
68
14,635
14,703



At 31 December 2023
372
10,181
10,553


5.


Debtors

2024
2023
£
£


Trade debtors
54,994
99,568

Other debtors
14,515
13,618

69,509
113,186


Page 6

 
COST ADVICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,931
1,902

Corporation tax
79,202
145,074

Other taxation and social security
54,820
59,209

Other creditors
14,407
12,713

152,360
218,898



7.


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 £12,120 (2023 - £12,872). Contributions totalling £707 (2023 - £1,286) were payable to the fund at the Balance Sheet date and are included in creditors.


8.


Commitments under operating leases

At 31 December 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
1,731
3,077


9.


Related party transactions

On 7 September 2021 the entire share capital of the Company was acquired by Casl EOT Limited ("the Trust"). The Trust holds shares for the future benefit of the employees of the Company. The shares are held by Casl EOT Limited in its capacity as corporate trustee of the Trust. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the Company. The balance of the consideration was funded by the previous owners of the business. The loans due to the previous owners of the business are an obligation of the Trust, and so the liability for future payments has not been recognised by the Company. During the year the Company made contributions of £340,000 (2023: £425,000) to the Trust. 

 
Page 7