Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31false52022-01-26No description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13873355 2022-01-25 13873355 2022-01-26 2023-01-31 13873355 2021-01-26 2022-01-25 13873355 2023-01-31 13873355 c:Director1 2022-01-26 2023-01-31 13873355 d:Buildings d:ShortLeaseholdAssets 2022-01-26 2023-01-31 13873355 d:Buildings d:ShortLeaseholdAssets 2023-01-31 13873355 d:MotorVehicles 2022-01-26 2023-01-31 13873355 d:OfficeEquipment 2022-01-26 2023-01-31 13873355 d:OfficeEquipment 2023-01-31 13873355 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-26 2023-01-31 13873355 d:ComputerEquipment 2022-01-26 2023-01-31 13873355 d:ComputerEquipment 2023-01-31 13873355 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-26 2023-01-31 13873355 d:OtherPropertyPlantEquipment 2022-01-26 2023-01-31 13873355 d:OwnedOrFreeholdAssets 2022-01-26 2023-01-31 13873355 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-01-26 2023-01-31 13873355 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-31 13873355 d:CurrentFinancialInstruments 2023-01-31 13873355 d:Non-currentFinancialInstruments 2023-01-31 13873355 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13873355 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13873355 d:ShareCapital 2023-01-31 13873355 d:RetainedEarningsAccumulatedLosses 2023-01-31 13873355 c:FRS102 2022-01-26 2023-01-31 13873355 c:AuditExempt-NoAccountantsReport 2022-01-26 2023-01-31 13873355 c:FullAccounts 2022-01-26 2023-01-31 13873355 c:PrivateLimitedCompanyLtd 2022-01-26 2023-01-31 13873355 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-01-26 2023-01-31 13873355 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-01-26 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 13873355










PULSE FIBRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
PULSE FIBRE LIMITED
REGISTERED NUMBER: 13873355

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
23,119

Tangible assets
 5 
30,687

  
53,806

Current assets
  

Debtors: amounts falling due within one year
 6 
72,073

Cash at bank and in hand
 7 
122,504

  
194,577

Creditors: amounts falling due within one year
 8 
(94,589)

Net current assets
  
 
 
99,988

Total assets less current liabilities
  
153,794

Creditors: amounts falling due after more than one year
  
(303,156)

  

Net (liabilities)/assets
  
(149,362)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(149,462)

  
(149,362)

Page 1

 
PULSE FIBRE LIMITED
REGISTERED NUMBER: 13873355
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




R Dopson
Director

Date: 10 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PULSE FIBRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.


General information

The Company is limited by shares and incorporated in England and Wales. Its registered office is Floor 37, One Canada Square, London, E14 5AA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which is dependent on the continued financial support of the Company's creditors. 

 
2.3

Revenue

Turnover 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. Turnover 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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
PULSE FIBRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

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.

 The estimated useful lives range as follows:

Development expenditure
-
10
years

 
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 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:

Leasehold improvements
-
10 years
Infastructure
-
20 years
Office equipment
-
4 years
Computer equipment
-
4 years
Routers
-
3 years

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.

Page 4

 
PULSE FIBRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including the Directors, during the period was as follows:


        2023
            No.






Employees
5

Page 5

 
PULSE FIBRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

4.


Intangible assets



Develop-ment expenditure

£



Cost


Additions
25,688



At 31 January 2023

25,688



Amortisation


Charge for the period on owned assets
2,569



At 31 January 2023

2,569



Net book value



At 31 January 2023
23,119




5.


Tangible fixed assets





Short-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
700
4,175
31,054
35,929



At 31 January 2023

700
4,175
31,054
35,929



Depreciation


Charge for the period on owned assets
70
1,044
4,128
5,242



At 31 January 2023

70
1,044
4,128
5,242



Net book value



At 31 January 2023
630
3,131
26,926
30,687

Page 6

 
PULSE FIBRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

6.


Debtors

2023
£


Trade debtors
7,920

Other debtors
24,093

Prepayments and accrued income
40,060

72,073



7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
122,504



8.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
33,360

Other taxation and social security
2,806

Other creditors
56,923

Accruals and deferred income
1,500

94,589



9.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
303,156



10.


Related party transactions

There is no ultimate controlling party.

 
Page 7