Caseware UK (AP4) 2022.0.179 2022.0.179 truefalse2022-05-01No description of principal activity6556trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06018742 2022-05-01 2023-04-30 06018742 2021-05-01 2022-04-30 06018742 2023-04-30 06018742 2022-04-30 06018742 c:Director1 2022-05-01 2023-04-30 06018742 d:PlantMachinery 2022-05-01 2023-04-30 06018742 d:PlantMachinery 2023-04-30 06018742 d:PlantMachinery 2022-04-30 06018742 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06018742 d:MotorVehicles 2022-05-01 2023-04-30 06018742 d:MotorVehicles 2023-04-30 06018742 d:MotorVehicles 2022-04-30 06018742 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06018742 d:FurnitureFittings 2022-05-01 2023-04-30 06018742 d:FurnitureFittings 2023-04-30 06018742 d:FurnitureFittings 2022-04-30 06018742 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06018742 d:ComputerEquipment 2022-05-01 2023-04-30 06018742 d:ComputerEquipment 2023-04-30 06018742 d:ComputerEquipment 2022-04-30 06018742 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06018742 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06018742 d:CurrentFinancialInstruments 2023-04-30 06018742 d:CurrentFinancialInstruments 2022-04-30 06018742 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06018742 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 06018742 d:ShareCapital 2023-04-30 06018742 d:ShareCapital 2022-04-30 06018742 d:CapitalRedemptionReserve 2023-04-30 06018742 d:CapitalRedemptionReserve 2022-04-30 06018742 d:RetainedEarningsAccumulatedLosses 2023-04-30 06018742 d:RetainedEarningsAccumulatedLosses 2022-04-30 06018742 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-05-01 2023-04-30 06018742 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-30 06018742 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-30 06018742 c:OrdinaryShareClass1 2022-05-01 2023-04-30 06018742 c:OrdinaryShareClass1 2023-04-30 06018742 c:OrdinaryShareClass1 2022-04-30 06018742 c:OrdinaryShareClass3 2022-05-01 2023-04-30 06018742 c:OrdinaryShareClass3 2023-04-30 06018742 c:OrdinaryShareClass3 2022-04-30 06018742 c:FRS102 2022-05-01 2023-04-30 06018742 c:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06018742 c:FullAccounts 2022-05-01 2023-04-30 06018742 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06018742 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06018742 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 06018742 2 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06018742










Tribeca Technology Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2023





 
Tribeca Technology Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Tribeca Technology Ltd for the year ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tribeca Technology Ltd for the year ended 30 April 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Tribeca Technology Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tribeca Technology Ltd  and state those matters that we have agreed to state to the Board of directors of Tribeca Technology Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tribeca Technology Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Tribeca Technology Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tribeca Technology Ltd. You consider that Tribeca Technology Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tribeca Technology Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
27 September 2023
Page 1

 
Tribeca Technology Ltd
Registered number: 06018742

Balance sheet
As at 30 April 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
355,045
302,605

  
355,045
302,605

Current assets
  

Debtors: amounts falling due within one year
 5 
479,695
546,897

Cash at bank and in hand
  
576,626
615,295

  
1,056,321
1,162,192

Creditors: amounts falling due within one year
 6 
(846,202)
(873,819)

Net current assets
  
 
 
210,119
 
 
288,373

Total assets less current liabilities
  
565,164
590,978

Provisions for liabilities
  

Deferred tax
 7 
(84,057)
(53,593)

Other provisions
 8 
-
(31,985)

  
 
 
(84,057)
 
 
(85,578)

Net assets
  
481,107
505,400

Page 2

 
Tribeca Technology Ltd
Registered number: 06018742

Balance sheet (continued)
As at 30 April 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
 9 
95
95

Capital redemption reserve
  
38
38

Profit and loss account
  
480,974
505,267

  
481,107
505,400


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 27 September 2023.




M Instance
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

1.


General information

Tribeca Technology Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 06018742. The address of the registered office is Hengist House Pond Farm Road, Oad Street, Sittingbourne, Kent. ME9 8LT.

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

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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 5

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

2.Accounting policies (continued)

 
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.

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

Depreciation is provided on the following basis:

Plant & machinery
-
15% straight line
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
33% 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.

 
2.10

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.

Page 6

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

2.Accounting policies (continued)

 
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.

 
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 65 (2022 - 56).

Page 7

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2022
68,231
113,714
95,667
718,863
996,475


Additions
-
-
13,250
155,601
168,851


Disposals
-
-
-
(808)
(808)



At 30 April 2023

68,231
113,714
108,917
873,656
1,164,518



Depreciation


At 1 May 2022
14,045
35,079
73,215
571,531
693,870


Charge for the year on owned assets
10,235
19,658
8,926
77,076
115,895


Disposals
-
-
-
(292)
(292)



At 30 April 2023

24,280
54,737
82,141
648,315
809,473



Net book value



At 30 April 2023
43,951
58,977
26,776
225,341
355,045



At 30 April 2022
54,186
78,635
22,452
147,332
302,605

Page 8

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

5.


Debtors

2023
2022
£
£


Trade debtors
394,421
445,634

Amounts owed by group undertakings
16,426
11,450

Other debtors
13,425
13,086

Prepayments and accrued income
55,423
76,727

479,695
546,897



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
472,738
286,076

Corporation tax
46,315
42,870

Other taxation and social security
195,010
200,395

Obligations under finance lease and hire purchase contracts
-
65,309

Other creditors
17,243
13,057

Accruals and deferred income
114,896
266,112

846,202
873,819


Page 9

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

7.


Deferred taxation




2023


£






At beginning of year
(53,593)


Charged to profit or loss
(30,464)



At end of year
(84,057)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(84,057)
(53,593)


8.


Provisions




Investments in associates

£





At 1 May 2022
31,985


Utilised in year
(31,985)



At 30 April 2023
-


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



75 (2022 - 75) Ordinary A shares of £1.00 each
75
75
20 (2022 - 20) Ordinary C shares of £1.00 each
20
20

95

95



10.


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 £103,016 (2022 - £78,260). Contributions totalling £16,586 (2022 - £13,003) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
Tribeca Technology Ltd
 

 
Notes to the financial statements
For the year ended 30 April 2023

11.


Related party transactions

During the year the company paid dividends to the shareholder and parent company totalling £759,166 (2022: £495,000).  All other transactions with related parties that arose during the current and prior years, including any directors' remuneration payable, were done so under normal market conditions.


Page 11