Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-30No description of principal activity32020-10-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12232064 2020-10-01 2021-09-30 12232064 2019-09-27 2020-09-30 12232064 2021-09-30 12232064 2020-09-30 12232064 c:Director4 2020-10-01 2021-09-30 12232064 c:Director5 2020-10-01 2021-09-30 12232064 d:ComputerEquipment 2020-10-01 2021-09-30 12232064 d:ComputerEquipment 2021-09-30 12232064 d:ComputerEquipment 2020-09-30 12232064 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 12232064 d:CurrentFinancialInstruments 2021-09-30 12232064 d:CurrentFinancialInstruments 2020-09-30 12232064 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 12232064 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 12232064 d:ShareCapital 2021-09-30 12232064 d:ShareCapital 2020-09-30 12232064 d:RetainedEarningsAccumulatedLosses 2021-09-30 12232064 d:RetainedEarningsAccumulatedLosses 2020-09-30 12232064 c:FRS102 2020-10-01 2021-09-30 12232064 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 12232064 c:FullAccounts 2020-10-01 2021-09-30 12232064 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 12232064









BLACK INK PROJECTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

 
BLACK INK PROJECTS LTD
REGISTERED NUMBER: 12232064

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,748
1,433

Current assets
  

Stocks
  
3,000
3,000

Debtors: amounts falling due within one year
 5 
103,961
34,909

Cash at bank and in hand
  
188,531
111,188

  
295,492
149,097

Creditors: amounts falling due within one year
 6 
(140,430)
(118,783)

Net current assets
  
 
 
155,062
 
 
30,314

Net assets
  
156,810
31,747


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
156,808
31,745

  
156,810
31,747


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 period 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 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 2 September 2022.


M Dixon
H Gaynor
Director
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BLACK INK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1.


General information

Black Ink Projects Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 10 Shortlands Close, Helmdon, Brackley, England, NN13 5QR.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

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.

 
2.3

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 and value added tax. 
Revenue from sale of printed advertising and packaging materials are recognised when the work has been completed, product delivered to customer and significant risk and rewards of ownership has been transferred to customer.
Revenue from a consultancy service is recognised in the period in which the services are provided and when 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 2

 
BLACK INK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Taxation

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 reporting date in the countries where the company operates and generates income.

 
2.6

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 provided on the following basis:

Computer equipment
-
25%
reducing balance

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

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. 

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
BLACK INK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.11

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 to/from other third parties and related parties.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2020 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2020
1,576


Additions
898



At 30 September 2021

2,474



Depreciation


At 1 October 2020
143


Charge for the period on owned assets
583



At 30 September 2021

726



Net book value



At 30 September 2021
1,748



At 30 September 2020
1,433

Page 4

 
BLACK INK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
98,039
5,183

Other debtors
5,922
-

Prepayments and accrued income
-
29,726

103,961
34,909



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
87,121
55,103

Corporation tax
46,353
8,992

Other taxation and social security
-
1,597

Other creditors
1,998
1,998

Accruals and deferred income
4,958
51,093

140,430
118,783


 
Page 5