Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false10No description of principal activity112023-11-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07400008 2023-11-01 2024-10-31 07400008 2022-11-01 2023-10-31 07400008 2024-10-31 07400008 2023-10-31 07400008 c:Director1 2023-11-01 2024-10-31 07400008 d:FurnitureFittings 2023-11-01 2024-10-31 07400008 d:FurnitureFittings 2024-10-31 07400008 d:FurnitureFittings 2023-10-31 07400008 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07400008 d:OfficeEquipment 2023-11-01 2024-10-31 07400008 d:OfficeEquipment 2024-10-31 07400008 d:OfficeEquipment 2023-10-31 07400008 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07400008 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07400008 d:CurrentFinancialInstruments 2024-10-31 07400008 d:CurrentFinancialInstruments 2023-10-31 07400008 d:Non-currentFinancialInstruments 2024-10-31 07400008 d:Non-currentFinancialInstruments 2023-10-31 07400008 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07400008 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07400008 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 07400008 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 07400008 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 07400008 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 07400008 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 07400008 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 07400008 d:ShareCapital 2024-10-31 07400008 d:ShareCapital 2023-10-31 07400008 d:RetainedEarningsAccumulatedLosses 2024-10-31 07400008 d:RetainedEarningsAccumulatedLosses 2023-10-31 07400008 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 07400008 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 07400008 c:FRS102 2023-11-01 2024-10-31 07400008 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07400008 c:FullAccounts 2023-11-01 2024-10-31 07400008 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07400008 2 2023-11-01 2024-10-31 07400008 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 07400008










123 EASY BOOKKEEPING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
123 EASY BOOKKEEPING SERVICES LIMITED
REGISTERED NUMBER: 07400008

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,972
9,784

  
6,972
9,784

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,750
2,750

Debtors: amounts falling due within one year
 5 
138,015
134,569

Cash at bank and in hand
 6 
6,162
-

  
146,927
137,319

Creditors: amounts falling due within one year
 7 
(91,415)
(104,394)

Net current assets
  
 
 
55,512
 
 
32,925

Total assets less current liabilities
  
62,484
42,709

Creditors: amounts falling due after more than one year
 8 
(60,507)
(49,266)

Provisions for liabilities
  

Deferred tax
 10 
(1,743)
(1,859)

  
 
 
(1,743)
 
 
(1,859)

Net assets/(liabilities)
  
234
(8,416)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
134
(8,516)

  
234
(8,416)


Page 1

 
123 EASY BOOKKEEPING SERVICES LIMITED
REGISTERED NUMBER: 07400008

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers 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 director acknowledges her 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 1 July 2025.




C L Atkins
Director

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

Page 2

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

 
1.4

Interest income

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

 
1.5

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.

 
1.6

Borrowing costs

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

Page 3

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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.


 
1.9

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.

Page 4

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)


1.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
33%
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.

 
1.10

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.

 
1.11

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.

 
1.12

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.

 
1.13

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.

 
1.14

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 5

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)


1.14
Financial instruments (continued)


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.

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.

Basic 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.

 
1.15

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.


2.


General information

123 Easy Bookkeeping Services Limited is a private limited company incorporated in England and Wales. The Registered Office is 4 Chester Court, Chester Hall Lane, Basildon, Essex, SS14 3WR.

Page 6

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 11).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
7,962
27,960
35,922


Additions
-
1,200
1,200


Disposals
(1,329)
(10,280)
(11,609)



At 31 October 2024

6,633
18,880
25,513



Depreciation


At 1 November 2023
2,303
23,835
26,138


Charge for the year on owned assets
806
2,403
3,209


Disposals
(1,044)
(9,762)
(10,806)



At 31 October 2024

2,065
16,476
18,541



Net book value



At 31 October 2024
4,568
2,404
6,972



At 31 October 2023
5,659
4,125
9,784

Page 7

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,750
2,750

2,750
2,750


2024
2023
£
£

Due within one year

Trade debtors
67,086
68,728

Other debtors
66,646
60,814

Prepayments and accrued income
4,283
5,027

138,015
134,569



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,162
-

Less: bank overdrafts
-
(20,126)

6,162
(20,126)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
20,126

Bank loans
17,765
15,804

Trade creditors
15,006
14,939

Corporation tax
13,152
11,622

Other taxation and social security
37,719
40,713

Accruals and deferred income
7,773
1,190

91,415
104,394


Secured loans
Creditors include bank loans of £12,724 (2023 : £12,165) guaranteed by the director.

Page 8

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
60,507
49,266

60,507
49,266


Secured loans
Creditors include bank loans of £56,726 (2023 : £41,200) guaranteed by the director.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,765
15,804


17,765
15,804


Amounts falling due 2-5 years

Bank loans
57,313
49,266


57,313
49,266

Amounts falling due after more than 5 years

Bank loans
3,194
-

3,194
-

78,272
65,070


Page 9

 
123 EASY BOOKKEEPING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(1,859)


Charged to profit or loss
116



At end of year
(1,743)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,743)
(1,859)

(1,743)
(1,859)


11.


Pension commitments

The company contributes to money purchase pension schemes for certain directors and employees. The schemes and their assets are held by independent managers. The pension charge represents contributions paid by the company which amounted to £6,230 (2023 : £5,736). At 31 October 2024 there were pension contribution liabilities amounting to £594 (2023 : £627) included within trade creditors.


12.


Related party transactions

During the year, dividends amounting to £11,500 (2023 : £Nil) were paid to the director.
C Atkins, the director of the company, has given a personal guarantee against a bank loan.
At 31 October 2024, the company was owed £6,948 (2023 : £712) by companies controlled by the director of this company.


Page 10