Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueNo description of principal activity44true 09877710 2022-03-01 2023-02-28 09877710 2021-03-01 2022-02-28 09877710 2023-02-28 09877710 2022-02-28 09877710 c:Director1 2022-03-01 2023-02-28 09877710 d:PlantMachinery 2022-03-01 2023-02-28 09877710 d:PlantMachinery 2023-02-28 09877710 d:PlantMachinery 2022-02-28 09877710 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09877710 d:FurnitureFittings 2022-03-01 2023-02-28 09877710 d:FurnitureFittings 2023-02-28 09877710 d:FurnitureFittings 2022-02-28 09877710 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09877710 d:ComputerEquipment 2022-03-01 2023-02-28 09877710 d:ComputerEquipment 2023-02-28 09877710 d:ComputerEquipment 2022-02-28 09877710 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09877710 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09877710 d:CurrentFinancialInstruments 2023-02-28 09877710 d:CurrentFinancialInstruments 2022-02-28 09877710 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09877710 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09877710 d:ShareCapital 2023-02-28 09877710 d:ShareCapital 2022-02-28 09877710 d:RetainedEarningsAccumulatedLosses 2023-02-28 09877710 d:RetainedEarningsAccumulatedLosses 2022-02-28 09877710 c:FRS102 2022-03-01 2023-02-28 09877710 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09877710 c:FullAccounts 2022-03-01 2023-02-28 09877710 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 09877710










TRL9 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
TRL9 LIMITED
REGISTERED NUMBER: 09877710

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,523
8,722

  
10,523
8,722

Current assets
  

Debtors: amounts falling due within one year
 5 
275,466
141,065

Cash at bank and in hand
  
263,824
431,248

  
539,290
572,313

Creditors: amounts falling due within one year
 6 
(177,799)
(67,306)

Net current assets
  
 
 
361,491
 
 
505,007

Total assets less current liabilities
  
372,014
513,729

Provisions for liabilities
  

Deferred tax
  
(2,631)
(2,181)

  
 
 
(2,631)
 
 
(2,181)

Net assets
  
369,383
511,548


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
369,382
511,547

  
369,383
511,548


Page 1

 
TRL9 LIMITED
REGISTERED NUMBER: 09877710
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 year 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 17 October 2023.





Dr B W Allcock
Director

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

Page 2

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

TRL9 Limited is a private company limited by shares incorporated in England and Wales (Company 
Number: 09877710). The registered office is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB. The business address is Suite 1,2 & 3 Dockmasters House, North Shields, NE30 1JA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. 
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal 
accounting policies adopted are set out below.

 
2.2

Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

 
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.

 
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.

 
2.5

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.

Page 3

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

 
2.7

Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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 4

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Fixtures and fittings
-
20%
straight line
Computer equipment
-
33%
straight line

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.14

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.

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 the Statement of Income and Retained Earnings.

Page 5

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. 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 4 (2022 - 4).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2022
9,162
6,438
11,891
27,491


Additions
3,335
-
4,051
7,386


Disposals
(9,162)
-
(2,887)
(12,049)



At 28 February 2023

3,335
6,438
13,055
22,828



Depreciation


At 1 March 2022
9,162
3,303
6,304
18,769


Charge for the year on owned assets
267
1,287
3,582
5,136


Disposals
(9,162)
-
(2,438)
(11,600)



At 28 February 2023

267
4,590
7,448
12,305



Net book value



At 28 February 2023
3,068
1,848
5,607
10,523



At 28 February 2022
-
3,135
5,587
8,722

Page 6

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
271,046
100,268

Other debtors
3,662
3,662

Prepayments and accrued income
758
37,135

275,466
141,065



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130,951
24,463

Other taxation and social security
37,700
23,953

Other creditors
263
13,225

Accruals and deferred income
8,885
5,665

177,799
67,306


 
Page 7