Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01truefalsenot elsewhere classified11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09453503 2022-03-01 2023-02-28 09453503 2021-03-01 2022-02-28 09453503 2023-02-28 09453503 2022-02-28 09453503 c:Director1 2022-03-01 2023-02-28 09453503 d:CurrentFinancialInstruments 2023-02-28 09453503 d:CurrentFinancialInstruments 2022-02-28 09453503 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09453503 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09453503 d:ShareCapital 2023-02-28 09453503 d:ShareCapital 2022-02-28 09453503 d:RetainedEarningsAccumulatedLosses 2023-02-28 09453503 d:RetainedEarningsAccumulatedLosses 2022-02-28 09453503 c:FRS102 2022-03-01 2023-02-28 09453503 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09453503 c:FullAccounts 2022-03-01 2023-02-28 09453503 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09453503 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 09453503









497 SZ LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
497 SZ LTD
REGISTERED NUMBER: 09453503

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
160
160

  
160
160

Current assets
  

Debtors: amounts falling due within one year
 5 
107,107
106,852

Cash at bank and in hand
 6 
12,914
13,004

  
120,021
119,856

Creditors: amounts falling due within one year
 7 
(103,545)
(103,395)

Net current assets
  
 
 
16,476
 
 
16,461

Total assets less current liabilities
  
16,636
16,621

  

Net assets
  
16,636
16,621

Page 1

 
497 SZ LTD
REGISTERED NUMBER: 09453503
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
16,536
16,521

  
16,636
16,621


The director considers 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 director acknowledges his 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 profit and loss account 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 8 November 2023.




Shokat Zaman
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
497 SZ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

497 SZ Limited was incorporated in Engalnd and Wales under company no 09453503, having a registered office address of 77 Francis Road, Edgbaston, Birmingham, B16 8SP.

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

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:

Sale of goods

Revenue 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.

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.

Page 3

 
497 SZ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

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 directors, during the year was 1 (2022 - 1).

Page 4

 
497 SZ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 March 2022
160



At 28 February 2023
160





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
500
500

Other debtors
99,607
99,610

Prepayments and accrued income
7,000
6,742

107,107
106,852



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,914
13,004

12,914
13,004



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
103,545
103,395

103,545
103,395


 
Page 5