Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282021-10-01falseNo description of principal activity1313falsetrue 05237480 2021-10-01 2023-02-28 05237480 2020-10-01 2021-09-30 05237480 2023-02-28 05237480 2021-09-30 05237480 c:Director1 2021-10-01 2023-02-28 05237480 d:MotorVehicles 2021-10-01 2023-02-28 05237480 d:MotorVehicles 2023-02-28 05237480 d:MotorVehicles 2021-09-30 05237480 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-10-01 2023-02-28 05237480 d:CurrentFinancialInstruments 2023-02-28 05237480 d:CurrentFinancialInstruments 2021-09-30 05237480 d:Non-currentFinancialInstruments 2023-02-28 05237480 d:Non-currentFinancialInstruments 2021-09-30 05237480 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05237480 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 05237480 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 05237480 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 05237480 d:ShareCapital 2023-02-28 05237480 d:ShareCapital 2021-09-30 05237480 d:ForeignCurrencyTranslationReserve 2023-02-28 05237480 d:ForeignCurrencyTranslationReserve 2021-09-30 05237480 d:RetainedEarningsAccumulatedLosses 2023-02-28 05237480 d:RetainedEarningsAccumulatedLosses 2021-09-30 05237480 c:FRS102 2021-10-01 2023-02-28 05237480 c:Audited 2021-10-01 2023-02-28 05237480 c:FullAccounts 2021-10-01 2023-02-28 05237480 c:PrivateLimitedCompanyLtd 2021-10-01 2023-02-28 05237480 c:SmallCompaniesRegimeForAccounts 2021-10-01 2023-02-28 05237480 2 2021-10-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 05237480









POCKET-LINT LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
POCKET-LINT LTD
REGISTERED NUMBER: 05237480

BALANCE SHEET
AS AT 28 FEBRUARY 2023

28 February
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
35,310

  
-
35,310

Current assets
  

Debtors: amounts falling due within one year
 5 
1,051,388
432,867

Cash at bank and in hand
 6 
559,054
798,163

  
1,610,442
1,231,030

Creditors: amounts falling due within one year
 7 
(351,050)
(296,150)

Net current assets
  
 
 
1,259,392
 
 
934,880

Total assets less current liabilities
  
1,259,392
970,190

Creditors: amounts falling due after more than one year
 8 
-
(40,000)

  

Net assets
  
1,259,392
930,190


Capital and reserves
  

Called up share capital 
  
2
2

Foreign exchange reserve
  
12,373
-

Profit and loss account
  
1,247,017
930,188

  
1,259,392
930,190


Page 1

 
POCKET-LINT LTD
REGISTERED NUMBER: 05237480
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 on 2 October 2023.




T L Argento
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Pocket-Lint Ltd is a private company limited by shares and incorporated in England & Wales (registered number: 05237480). The registered office address is 5-13 Hatton Wall, London, EC1N 8HX.
During the period, the financial reporting date changed from 30th September to 28th February in order to report in line with fellow group companies at the same reporting date. 

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

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.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

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

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.7
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 a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
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.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

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.

Page 5

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

3.


Employees

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


     Period ended
     28 February
       Year ended
     30 September
        2023
        2021
            No.
            No.







Directors and Employees
13
13


4.


Tangible fixed assets









Motor vehicles

£





At 1 October 2021
41,000


Disposals
(41,000)



At 28 February 2023

-





At 1 October 2021
5,690


Charge for the period on owned assets
9,104


Disposals
(14,794)



At 28 February 2023

-



Net book value



At 28 February 2023
-



At 30 September 2021
35,310

Page 6

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Debtors

28 February
30 September
2023
2021
£
£


Trade debtors
138,085
382,207

Amounts owed by group undertakings
912,057
-

Other debtors
1,246
50,660

1,051,388
432,867



6.


Cash and cash equivalents

28 February
30 September
2023
2021
£
£

Cash at bank and in hand
559,054
798,163

559,054
798,163



7.


Creditors: Amounts falling due within one year

28 February
30 September
2023
2021
£
£

Trade creditors
49,517
10,047

Corporation tax
133,902
125,921

Other taxation and social security
-
38,911

Other creditors
3,680
77,598

Accruals and deferred income
163,951
43,673

351,050
296,150


Page 7

 
POCKET-LINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due after more than one year

28 February
30 September
2023
2021
£
£

Accrual
-
40,000

-
40,000



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 £65,722 (2021 - £91,941).


10.


Controlling party

The ultimate controlling party is Valnet Inc, a company incorporated in Canada.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 28 February 2023 was unqualified.

The audit report was signed on 2 October 2023 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8