Caja Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09382834 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

CAJA LIMITED

Page

Company Information

1

Report of the Directors

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs C A Brown

N S Guest

A L Woodcock

REGISTERED OFFICE:

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

REGISTERED NUMBER:

09382834 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

The directors present their report with the financial statements of the company for the year ended 31st December 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of providing management consultancy services

across both private and public sectors.

REVIEW OF BUSINESS

Changes to the board at the beginning of the year have resulted in a more strategic approach to achieving sustainable

growth in revenues, in particular how the company develops new business and putting in place the building blocks to

realise significant growth over the next three years. The directors set out a strategy to target three principal routes to

market:

1. Account Relationships - building on the extensive networks of the Board of Directors, Senior Associates and partner

organisations in establishing and building 'key client accounts' that would develop partnerial relationships with clients

over longer contracts;

2. Competitive Tendering - responding to either open tenders or procurement framework opportunities through a

controlled qualification process that maximises the probability of success whilst carefully managing bid costs;

3. Developing Products & Intellectual Property - to maximise the opportunities for consistent and repeatable approaches

to client requirements and the future development of non-day rate-based revenue streams.

This strategy was implemented in the context of difficult trading conditions throughout the year, particularly in the public

sector where the political agenda has been dominated by BREXIT and tight spending controls imposed on most public

sector bodies. Whilst this slowed revenues during the first three quarters of the year it allowed the business to better

articulate its propositions and services, largely building on our 'Business Transformation' experience; with the year

finishing very strong on sales performance resulting in a solid order book underpinning Q1 revenues for 2019 and a

strong pipeline of opportunities to develop growth.

The business has extended its capability across Central and Local Government, Health & Social Care, Higher Education

and the Private sectors. Our approach is transformational and focusses on the relationships between people, process &

technologies to help clients transform their services and maximise their resources and performance. In particular we

have developed capabilities and a successful track record in: Back office, shared service reviews and optimisation,

Service Re-design and optimisation in Health & Social Care and Higher Education, Commercialisation and income

generation in Local Government and large technology implementations across all our sectors.

Innovation and thought leadership have also been a strategic priority with the business investing time and effort on two

key projects:

1. The application of Robotic Process Automation (RPA) in HR Shared Services, attracting investment and support from

the Keele University KRISP Programme.

2. The application of Behavioural Economics in Primary Care, commencing working on an innovative project with

Staffordshire CCG and attracting funding from the Midlands Academic Health Science Network.

In 2019 the business will build on these foundations to target at least £1.6m in revenues and continue to develop market

leading capabilities.

DIRECTORS

Mrs C A Brown has held office during the whole of the period from 1st January 2018 to the date of this report.

Other changes in directors holding office are as follows:

N S Guest - appointed 3rd January 2018

A L Woodcock - appointed 3rd January 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs C A Brown - Director

27th August 2019

FIXED ASSETS

Tangible assets

5

3,578

6,531

CURRENT ASSETS

Debtors

6

170,166

78,441

Prepayments and accrued income

903

5,413

Cash at bank

25,604

53,863

196,673

137,717

CREDITORS

Amounts falling due within one year

7

152,111

139,811

NET CURRENT ASSETS/(LIABILITIES)

44,562

(2,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,140

4,437

CREDITORS

Amounts falling due after more than one year

8

(17,717

)

-

ACCRUALS AND DEFERRED INCOME

(26,114

)

(2,185

)

NET ASSETS

4,309

2,252

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

4,109

2,152

SHAREHOLDERS' FUNDS

4,309

2,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27th August 2019 and were signed on its behalf by:

Mrs C A Brown - Director

1.	STATUTORY INFORMATION

Caja Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 09382834 and the registered office address is Newport House, Newport Road, Stafford,

Staffordshire, ST16 1DA.

The principal activity of the company was providing management consultancy services across both private and

public sectors.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Functional currency

The financial statements are prepared in sterling (£) which is the functional currency of the company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the

choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported

results or net asset position of the company; it may later be determined that a different choice would have been

more appropriate. Management considers that certain accounting estimates and assumptions relating to

revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical

accounting estimates.

Turnover

Turnover is stated net of VAT and discounts.

Turnover is the value of services provided under contracts to the extent that there is a right to consideration and

is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the

service provided to date based on a proportion of the total expected consideration at completion. Where

payments are received in advance of services provided, the amounts are recorded as deferred income and

included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective

interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss

is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference

between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the

company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and

equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an

indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the

higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If

the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an

impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of

inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of

inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to

complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is

increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been

determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A

reversal of an impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a

result of a past event, it is probable that the company will be required to settle the obligation and the amount of

the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to

settle the obligation at the reporting date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2018

12,640

Additions

1,235

At 31st December 2018

13,875

DEPRECIATION

At 1st January 2018

6,109

Charge for year

4,188

At 31st December 2018

10,297

NET BOOK VALUE

At 31st December 2018

3,578

At 31st December 2017

6,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

168,162

76,437

Other debtors

2,004

2,004

170,166

78,441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,811

-

Trade creditors

69,029

53,478

Taxation and social security

36,774

30,581

Other creditors

34,497

55,752

152,111

139,811

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

17,717

-

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £11,688 (2017 - £11,688).