Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-30 2017-04-30 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true true No description of principal activity false 2016-05-01 08027627 2016-05-01 2017-04-30 08027627 2015-05-01 2016-04-30 08027627 2017-04-30 08027627 2016-04-30 08027627 c:Director1 2016-05-01 2017-04-30 08027627 d:OfficeEquipment 2016-05-01 2017-04-30 08027627 d:OfficeEquipment 2017-04-30 08027627 d:OfficeEquipment 2016-04-30 08027627 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-05-01 2017-04-30 08027627 d:Goodwill 2016-05-01 2017-04-30 08027627 d:Goodwill 2017-04-30 08027627 d:Goodwill 2016-04-30 08027627 d:CurrentFinancialInstruments 2017-04-30 08027627 d:CurrentFinancialInstruments 2016-04-30 08027627 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 08027627 d:CurrentFinancialInstruments d:WithinOneYear 2016-04-30 08027627 d:ShareCapital 2017-04-30 08027627 d:ShareCapital 2016-04-30 08027627 d:RetainedEarningsAccumulatedLosses 2017-04-30 08027627 d:RetainedEarningsAccumulatedLosses 2016-04-30 08027627 d:AcceleratedTaxDepreciationDeferredTax 2017-04-30 08027627 d:AcceleratedTaxDepreciationDeferredTax 2016-04-30 08027627 c:FRS102 2016-05-01 2017-04-30 08027627 c:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 08027627 c:FullAccounts 2016-05-01 2017-04-30 08027627 c:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 iso4217:GBP xbrli:pure

Registered number:  08027627










APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2017

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
REGISTERED NUMBER:  08027627

BALANCE SHEET
AS AT  30 APRIL 2017

2017
2016
Note
£
£
   

Intangible assets
 4 
10,500
12,600

Tangible assets
 5 
204
225

   
10,704
12,825

CURRENT ASSETS
   

Debtors: amounts falling due within one year
 6 
4,409
1,089

Cash at bank and in hand
 7 
10,786
18,761

   
15,195
19,850

Creditors: amounts falling due within one year
 8 
(14,823 )
(32,138 )

NET CURRENT ASSETS/(LIABILITIES)
   
 
 
372
 
 
(12,288 )

TOTAL ASSETS LESS CURRENT LIABILITIES
   
11,076
537

PROVISIONS FOR LIABILITIES
   

Deferred tax
 9 
(40 )
(67 )

   
 
 
(40 )
 
 
(67 )

NET ASSETS
   
11,036
470

CAPITAL AND RESERVES
   

Called up share capital 
   
4
4

Profit and loss account
   
11,032
466

   
11,036
470


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 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  30 January 2018 .


Page 1

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
REGISTERED NUMBER:  08027627

BALANCE SHEET  (CONTINUED)
AS AT  30 APRIL 2017






S C Laverick
Director
The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

GENERAL INFORMATION

Appropriate Solutions Web Development Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08027627. The registered office is 12 The Office, Mardale Road, Penrith, Cumbria CA11 9EH.

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 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 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

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 comprehensive income 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.

2.4

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 3

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

2. ACCOUNTING POLICIES (CONTINUED)

Tangible fixed assets (continued)

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:

Office equipment
-
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 the Statement of comprehensive income.

2.5

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.

2.6

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.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, 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.

2.8

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.

2.9

Finance costs

Finance costs are charged to the Statement of comprehensive income 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 4

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

2. ACCOUNTING POLICIES (CONTINUED)

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.11

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 the Statement of comprehensive income 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.

2.12

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

2. ACCOUNTING POLICIES (CONTINUED)

2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.

The average monthly number of employees, including directors, during the year was  2  (2016 - 2 ) .

Page 6

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017




£



COST


At 1 May 2016
21,000



At 30 April 2017

21,000



AMORTISATION


At 1 May 2016
8,400


Charge for the year
2,100



At 30 April 2017

10,500



NET BOOK VALUE



At 30 April 2017
10,500



At 30 April 2016
12,600

Page 7

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017




Office equipment

£



COST  


At 1 May 2016
3,124


Additions
240



At 30 April 2017

3,364



DEPRECIATION


At 1 May 2016
2,899


Charge for the year on owned assets
261



At 30 April 2017

3,160



NET BOOK VALUE



At 30 April 2017
204



At 30 April 2016
225

2017
2016
£
£


Trade debtors
4,409
1,089

4,409
1,089


2017
2016
£
£

Cash at bank and in hand
10,786
18,761

10,786
18,761


Page 8

 
APPROPRIATE SOLUTIONS WEB DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
2017
2016
£
£

Corporation tax
5,635
6,612

Other creditors
8,006
21,006

Accruals and deferred income
1,182
4,520

14,823
32,138





2017


£






At beginning of year
67


Charged to profit or loss
(27 )



AT END OF YEAR
40

2017
2016
£
£
40
67

40
67


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 £12,500 (2016 -£Nil).

The company was under the control of the directors throughout the current period. The balance owed by the
company to the directors at 30 April 2017 was £8,006 (2016 £21,006).


Page 9