Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsetrue22022-05-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.6false 13326671 2022-05-01 2023-04-30 13326671 2021-04-09 2022-04-30 13326671 2023-04-30 13326671 2022-04-30 13326671 c:Director5 2022-05-01 2023-04-30 13326671 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 13326671 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-30 13326671 d:CurrentFinancialInstruments 2023-04-30 13326671 d:CurrentFinancialInstruments 2022-04-30 13326671 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13326671 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13326671 d:ShareCapital 2023-04-30 13326671 d:ShareCapital 2022-04-30 13326671 d:RetainedEarningsAccumulatedLosses 2023-04-30 13326671 d:RetainedEarningsAccumulatedLosses 2022-04-30 13326671 c:FRS102 2022-05-01 2023-04-30 13326671 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13326671 c:FullAccounts 2022-05-01 2023-04-30 13326671 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13326671 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-05-01 2023-04-30 13326671 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 13326671









CUSTOM CONTENT TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
CUSTOM CONTENT TECHNOLOGY LIMITED
REGISTERED NUMBER: 13326671

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
401,594
-

Current assets
  

Debtors: amounts falling due within one year
 5 
17,006
80,879

Cash at bank and in hand
  
18,060
125,564

  
35,066
206,443

Creditors: amounts falling due within one year
 6 
(498,571)
(273,154)

Net current liabilities
  
 
 
(463,505)
 
 
(66,711)

Net liabilities
  
(61,911)
(66,711)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(62,011)
(66,811)

  
(61,911)
(66,711)


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 14 November 2023.




G I Peeling
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
CUSTOM CONTENT TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Custom Content Technology Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 9 Parkway Close, Sheffield, S9 4WJ.

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

Going concern

After reviewing the company's forecast and projection, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and full support from its parent company. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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.

 
2.4

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 and value added tax and other sales taxes.
Revenue from a consultancy service is recognised in the period in which the services are provided and when 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 2

 
CUSTOM CONTENT TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
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 10 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 2).

Page 3

 
CUSTOM CONTENT TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Development expenditure

£



Cost


Additions
429,707



At 30 April 2023

429,707



Amortisation


Charge for the year on owned assets
28,113



At 30 April 2023

28,113



Net book value



At 30 April 2023
401,594



At 30 April 2022
-




5.


Debtors

2023
2022
£
£


Trade debtors
2,225
67,569

Other debtors
14,781
9,056

Prepayments
-
4,254

17,006
80,879


Page 4

 
CUSTOM CONTENT TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
100,882
141,821

Other creditors
-
32,950

Accruals and deferred income
397,689
98,383

498,571
273,154



7.


Controlling party

Custom Content Holdings Limited became the immediate and ultimate parent company after acquiring all the share capital of the company on 27 January 2023.
 
Page 5