Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13232560 2022-03-01 2023-02-28 13232560 2021-02-27 2022-02-28 13232560 2023-02-28 13232560 2022-02-28 13232560 c:Director1 2022-03-01 2023-02-28 13232560 d:ComputerEquipment 2022-03-01 2023-02-28 13232560 d:ComputerEquipment 2023-02-28 13232560 d:ComputerEquipment 2022-02-28 13232560 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13232560 d:CurrentFinancialInstruments 2023-02-28 13232560 d:CurrentFinancialInstruments 2022-02-28 13232560 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13232560 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13232560 d:ShareCapital 2023-02-28 13232560 d:ShareCapital 2022-02-28 13232560 d:RetainedEarningsAccumulatedLosses 2023-02-28 13232560 d:RetainedEarningsAccumulatedLosses 2022-02-28 13232560 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13232560 c:OrdinaryShareClass1 2023-02-28 13232560 c:OrdinaryShareClass1 2022-02-28 13232560 c:OrdinaryShareClass2 2022-03-01 2023-02-28 13232560 c:OrdinaryShareClass2 2023-02-28 13232560 c:OrdinaryShareClass2 2022-02-28 13232560 c:FRS102 2022-03-01 2023-02-28 13232560 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13232560 c:FullAccounts 2022-03-01 2023-02-28 13232560 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13232560 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13232560









STYLUS HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
STYLUS HOLDINGS LTD
REGISTERED NUMBER: 13232560

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,345
1,114

Investments
 5 
380
380

  
3,725
1,494

Current assets
  

Cash at bank and in hand
 6 
47,248
24,144

  
47,248
24,144

Creditors: amounts falling due within one year
 7 
(49,949)
(21,289)

Net current (liabilities)/assets
  
 
 
(2,701)
 
 
2,855

Total assets less current liabilities
  
1,024
4,349

  

Net assets
  
1,024
4,349


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
924
4,249

  
1,024
4,349


Page 1

 
STYLUS HOLDINGS LTD
REGISTERED NUMBER: 13232560
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 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 by: 




G Boccaletti
Director

Date: 16 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
STYLUS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Stylus Holdings Ltd is a private company limited by shares and incorporated in England and Wales
(Registered number 13232560). The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the company.

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

 
STYLUS HOLDINGS 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 reporting date in the countries where the Company operates and generates income.

 
2.4

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:

Computer equipment
-
25%
straight-line method

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.

 
2.5

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 reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Page 4

 
STYLUS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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.

 
2.8

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 2 (2022 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 March 2022
1,188


Additions
2,631



At 28 February 2023

3,819



Depreciation


At 1 March 2022
74


Charge for the year on owned assets
400



At 28 February 2023

474



Net book value



At 28 February 2023
3,345

Page 5

 
STYLUS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 March 2022
380



At 28 February 2023
380





6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
47,248
24,144

47,248
24,144



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,556
2,508

Other creditors
42,893
17,280

Accruals and deferred income
1,500
1,501

49,949
21,289


Page 6

 
STYLUS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



80 (2022 - 80) Ordinary shares of £1.00 each
80
80
20 (2022 - 20) Ordinary B shares of £1.00 each
20
20

100

100


 
Page 7