Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsefalse202022-04-01No description of principal activity19trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04320953 2022-04-01 2023-03-31 04320953 2021-04-01 2022-03-31 04320953 2023-03-31 04320953 2022-03-31 04320953 c:Director3 2022-04-01 2023-03-31 04320953 d:MotorVehicles 2022-04-01 2023-03-31 04320953 d:MotorVehicles 2023-03-31 04320953 d:MotorVehicles 2022-03-31 04320953 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04320953 d:FurnitureFittings 2022-04-01 2023-03-31 04320953 d:FurnitureFittings 2023-03-31 04320953 d:FurnitureFittings 2022-03-31 04320953 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04320953 d:OfficeEquipment 2022-04-01 2023-03-31 04320953 d:OfficeEquipment 2023-03-31 04320953 d:OfficeEquipment 2022-03-31 04320953 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04320953 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04320953 d:ComputerSoftware 2023-03-31 04320953 d:ComputerSoftware 2022-03-31 04320953 d:CurrentFinancialInstruments 2023-03-31 04320953 d:CurrentFinancialInstruments 2022-03-31 04320953 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04320953 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04320953 d:ShareCapital 2023-03-31 04320953 d:ShareCapital 2022-03-31 04320953 d:CapitalRedemptionReserve 2023-03-31 04320953 d:CapitalRedemptionReserve 2022-03-31 04320953 d:RetainedEarningsAccumulatedLosses 2023-03-31 04320953 d:RetainedEarningsAccumulatedLosses 2022-03-31 04320953 c:FRS102 2022-04-01 2023-03-31 04320953 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04320953 c:FullAccounts 2022-04-01 2023-03-31 04320953 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04320953 2 2022-04-01 2023-03-31 04320953 6 2022-04-01 2023-03-31 04320953 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04320953 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04320953 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 04320953 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 04320953 d:RetirementBenefitObligationsDeferredTax 2023-03-31 04320953 d:RetirementBenefitObligationsDeferredTax 2022-03-31 iso4217:GBP xbrli:pure
Registered number: 04320953


 
 
 
 
 
 
 
 
 
COLLEAGUE SOFTWARE LIMITED
 
 
 
 
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
 
FOR THE YEAR ENDED 31 MARCH 2023

 
COLLEAGUE SOFTWARE LIMITED
REGISTERED NUMBER:04320953

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,898
8,876

Investments
 6 
-
6,429

  
7,898
15,305

Current assets
  

Debtors: amounts falling due within one year
 7 
349,209
328,304

Cash at bank and in hand
  
171,170
97,972

  
520,379
426,276

Creditors: amounts falling due within one year
 8 
(169,149)
(201,574)

Net current assets
  
 
 
351,230
 
 
224,702

Total assets less current liabilities
  
359,128
240,007

  

Net assets
  
359,128
240,007


Capital and reserves
  

Called up share capital 
  
1,700
1,700

Capital redemption reserve
  
300
300

Profit and loss account
  
357,128
238,007

  
359,128
240,007


Page 1

 
COLLEAGUE SOFTWARE LIMITED
REGISTERED NUMBER:04320953
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 income statement 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: 




................................................
W G Minns
Director

Date: 9 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Colleague Software Limited is a private company limited by shares and incorporated in England and Wales, registration number 04320953. The registered office is The Control Tower, Witchcraft Way, Rackheath, Norwich, Norfolk, NR13 6GA.

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 financial statements are presented in Sterling, which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The directors have considered the Company’s position at the time of signing the financial statements, and in particular the ongoing issues affecting the economic climate and its impact on the Company. The directors have considered the current financial strength of the Company and wider group, together with the range of measures the directors can take to mitigate ongoing costs should they need to, and ultimately should it be required. 
Based on this, the directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. Therefore, the directors have adopted the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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 3

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.4

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for exemption to prepare consolidated accounts.

 
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.

 
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:

Vehicles
-
12.5% straight line
Fixtures and fittings
-
3 years straight line
Office equipment
-
3 years straight line

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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. 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.

Page 4

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

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.

 
2.15

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Page 5

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.16

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 reporting 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 reporting 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 reporting date.

 
2.17

Interest income

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

 
2.18

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - 19).

Page 6

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Intellectual property rights

£



Cost


At 1 April 2022
44,056



At 31 March 2023

44,056



Amortisation


At 1 April 2022
44,056



At 31 March 2023

44,056



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 April 2022
7,127
15,802
124,995
147,924


Additions
367
-
3,548
3,915


Disposals
(367)
-
(833)
(1,200)



At 31 March 2023

7,127
15,802
127,710
150,639



Depreciation


At 1 April 2022
5,935
15,802
117,311
139,048


Charge for the year on owned assets
652
-
3,885
4,537


Disposals
(11)
-
(833)
(844)



At 31 March 2023

6,576
15,802
120,363
142,741



Net book value



At 31 March 2023
551
-
7,347
7,898



At 31 March 2022
1,192
-
7,684
8,876


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2022
6,429


Amounts written off
(6,429)



At 31 March 2023
-




Page 8

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Trade debtors
62,583
80,497

Amounts owed by related undertakings
219,373
139,094

Other debtors
12,145
7,750

Prepayments and accrued income
48,468
66,427

Deferred taxation
6,640
34,536

349,209
328,304



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
76,494
72,140

Amounts owed to group undertakings
6,429
-

Other taxation and social security
54,375
98,002

Other creditors
6,332
454

Accruals and deferred income
25,519
30,978

169,149
201,574



9.


Deferred taxation




2023


£






At beginning of year
34,536


Charged to profit or loss
(27,896)



At end of year
6,640

Page 9

 
COLLEAGUE SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2023
2022
£
£


Decelerated / Accelerated capital allowances
(124)
106

Tax losses carried forward
1,766
31,212

Other short term timing differences
4,998
3,218

6,640
34,536


10.


Pension commitments

The Company operates a defined contribution 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 £51,594 (2022: £46,872). Contributions totalling £5,605 (2022: £Nil) were payable to the fund at the balance sheet date.

 
Page 10