Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseprovision of software services4653truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05396062 2021-01-01 2021-12-31 05396062 2020-01-01 2020-12-31 05396062 2021-12-31 05396062 2020-12-31 05396062 c:Director2 2021-01-01 2021-12-31 05396062 d:Buildings d:ShortLeaseholdAssets 2021-01-01 2021-12-31 05396062 d:Buildings d:ShortLeaseholdAssets 2021-12-31 05396062 d:Buildings d:ShortLeaseholdAssets 2020-12-31 05396062 d:ComputerEquipment 2021-01-01 2021-12-31 05396062 d:ComputerEquipment 2021-12-31 05396062 d:ComputerEquipment 2020-12-31 05396062 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 05396062 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 05396062 d:CurrentFinancialInstruments 2021-12-31 05396062 d:CurrentFinancialInstruments 2020-12-31 05396062 d:Non-currentFinancialInstruments 2021-12-31 05396062 d:Non-currentFinancialInstruments 2020-12-31 05396062 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05396062 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 05396062 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 05396062 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 05396062 d:ShareCapital 2021-12-31 05396062 d:ShareCapital 2020-12-31 05396062 d:RetainedEarningsAccumulatedLosses 2021-12-31 05396062 d:RetainedEarningsAccumulatedLosses 2020-12-31 05396062 c:OrdinaryShareClass1 2021-01-01 2021-12-31 05396062 c:OrdinaryShareClass1 2021-12-31 05396062 c:OrdinaryShareClass1 2020-12-31 05396062 c:FRS102 2021-01-01 2021-12-31 05396062 c:Audited 2021-01-01 2021-12-31 05396062 c:FullAccounts 2021-01-01 2021-12-31 05396062 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05396062 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 05396062 7 2021-01-01 2021-12-31 05396062 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 05396062 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05396062










TOPDESK UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

 
TOPDESK UK LIMITED
 


CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
TOPDESK UK LIMITED
REGISTERED NUMBER:05396062


STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,086
70,561

Current assets
  

Debtors: amounts falling due after more than one year
 5 
109,754
109,754

Debtors: amounts falling due within one year
 5 
1,371,340
941,473

Cash at bank and in hand
  
2,524,333
1,806,160

  
4,005,427
2,857,387

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(3,425,576)
(2,544,518)

Net current assets
  
 
 
579,851
 
 
312,869

Total assets less current liabilities
  
603,937
383,430

Creditors: amounts falling due after more than one year
 7 
(40,618)
(5,986)

Provisions for liabilities
  

Deferred tax
 8 
(6,021)
(11,330)

Net assets
  
557,298
366,114


Capital and reserves
  

Called up share capital 
 9 
400,000
400,000

Profit and loss account
 10 
157,298
(33,886)

  
557,298
366,114


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.

Page 1

 
TOPDESK UK LIMITED
REGISTERED NUMBER:05396062

    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 27 July 2022.




F Droogsma
Director

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

Page 2

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

TOPdesk UK Limited is a limited company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD and its trading address at 22 Lavington Street, London, SE1 0NZ.
The principal activity of the Company is the provision of software services.

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

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Turnover represents sales to external customers excluding Value Added Tax or local taxes on sales.
Turnover executed from software licence contracts is recognised upon delivery of the software to the customer if no significant vendor obligations remain and collection of the resulting receivable is probable. When the Company sells a software licence that includes maintenance, the maintenance revenue is unbundled from the initial licence fee and recognised ratably over the maintenance period, starting from the inception of the software licence agreement. The unearned portion of such maintenance revenue is classified as deferred income.
Turnover from maintenance contracts is recognised on a straight line basis over the term of the maintenance contract. The unearned portion of the revenue is classified as deferred income.
Turnover from subscriptions is recognised on a straight line over the term of the contract. The unearned portion of the revenue is classified as deferred income.
Turnover from consultancy services is recognised in the period in which the services are provided.

 
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

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
33%
straight line method
Computer equipment
-
33%
straight line method

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 the transaction price.

 
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 and loans from related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

Page 4

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.10

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.

 
2.11

Pensions

Defined contribution pension plan
The Company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.13

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.

Page 5

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

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 reporting 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 Statement of Financial Position 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.

 
2.15

Dividends

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 46 (2020 - 53).

Page 6

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Short-term leasehold property
Computer equipment
Total

£
£
£



Cost


At 1 January 2021
74,341
100,172
174,513


Additions
-
1,379
1,379



At 31 December 2021

74,341
101,551
175,892



Depreciation


At 1 January 2021
53,127
50,825
103,952


Charge for the year on owned assets
21,214
26,640
47,854



At 31 December 2021

74,341
77,465
151,806



Net book value



At 31 December 2021
-
24,086
24,086



At 31 December 2020
21,214
49,347
70,561

Page 7

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£

Due after more than one year

Other debtors
109,754
109,754


2021
2020
£
£

Due within one year

Trade debtors
1,017,533
651,276

Amounts owed by group undertakings
75,620
58,412

Other debtors
166,047
5,647

Prepayments and accrued income
112,140
226,138

1,371,340
941,473



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
218,505
56,883

Amounts owed to group undertakings
606,935
382,401

Taxation and social security
315,613
231,676

Other creditors
262
3,722

Accruals and deferred income
2,284,261
1,869,836

3,425,576
2,544,518



7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Accruals and deferred income
40,618
5,986


Page 8

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Deferred taxation




2021


£






At beginning of year
(11,330)


Charged to profit or loss
5,309



At end of year
(6,021)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(6,021)
(11,330)


9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



400,000 (2020 - 400,000) Ordinary shares of £1 each
400,000
400,000



10.


Reserves


11.


Related party transactions

The company has taken advantage of not disclosing transactions with other group members where one of the parties to the transaction is a wholly-owned subsidiary as permitted under FRS 102 s33.1A.


12.


Controlling party

The Company is a subsidiary of Top Informatie Systemen BV, incorporated in the Netherlands, which is the ultimate parent company. 
The largest and smallest group in which the results of the Company are consolidated is that headed by Top Informatie Systemen BV. The parent company's registered office is Postbus 559, 2600 AN Delft, Netherlands.

Page 9

 
TOPDESK UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 27 July 2022 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 10