Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30trueIT Consultant12022-05-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01812667 2022-05-01 2023-04-30 01812667 2021-05-01 2022-04-30 01812667 2023-04-30 01812667 2022-04-30 01812667 c:Director1 2022-05-01 2023-04-30 01812667 d:PlantMachinery 2022-05-01 2023-04-30 01812667 d:PlantMachinery 2023-04-30 01812667 d:PlantMachinery 2022-04-30 01812667 d:CurrentFinancialInstruments 2023-04-30 01812667 d:CurrentFinancialInstruments 2022-04-30 01812667 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01812667 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 01812667 d:ShareCapital 2023-04-30 01812667 d:ShareCapital 2022-04-30 01812667 d:RetainedEarningsAccumulatedLosses 2023-04-30 01812667 d:RetainedEarningsAccumulatedLosses 2022-04-30 01812667 c:FRS102 2022-05-01 2023-04-30 01812667 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 01812667 c:FullAccounts 2022-05-01 2023-04-30 01812667 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 01812667









G.N.E. SOFTWARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
G.N.E. SOFTWARE LIMITED
REGISTERED NUMBER: 01812667

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
1,720
3,240

Cash at bank and in hand
 7 
21,016
20,190

  
22,736
23,430

Creditors: amounts falling due within one year
 8 
(15,602)
(17,235)

Net current assets
  
 
 
7,134
 
 
6,195

Total assets less current liabilities
  
7,134
6,195

  

Net assets
  
7,134
6,195


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
7,034
6,095

  
7,134
6,195


Page 1

 
G.N.E. SOFTWARE LIMITED
REGISTERED NUMBER: 01812667
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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 his 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 profit and loss account 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 by: 




G Evans
Director

Date: 10 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
G.N.E. SOFTWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

G.N.E Software Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.  

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

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
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, 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.

 
2.4

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.

Page 3

 
G.N.E. SOFTWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

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

Depreciation is provided on the following basis:

Plant & machinery
-
33.33% reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
G.N.E. SOFTWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

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 ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Tangible fixed assets





Plant & machinery

£





At 1 May 2022
1,077


Disposals
(1,077)



At 30 April 2023

-





At 1 May 2022
1,077


Disposals
(1,077)



At 30 April 2023

-



Net book value



At 30 April 2023
-



At 30 April 2022
-

Page 5

 
G.N.E. SOFTWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,720
3,240

1,720
3,240



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
21,017
20,190

21,017
20,190



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
2,318
1,959

Other creditors
11,864
13,746

Accruals and deferred income
1,420
1,530

15,602
17,235



9.


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 £7,500 (2022 - £10,000).


10.


Related party transactions

In other creditors there is a Director's loan of £8,460 (2022: £8,244) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand. 

 
Page 6