Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytrue2022-04-01false22false 05319405 2022-04-01 2023-03-31 05319405 2021-04-01 2022-03-31 05319405 2023-03-31 05319405 2022-03-31 05319405 c:Director1 2022-04-01 2023-03-31 05319405 d:MotorVehicles 2022-04-01 2023-03-31 05319405 d:MotorVehicles 2023-03-31 05319405 d:MotorVehicles 2022-03-31 05319405 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05319405 d:ComputerEquipment 2022-04-01 2023-03-31 05319405 d:ComputerEquipment 2023-03-31 05319405 d:ComputerEquipment 2022-03-31 05319405 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05319405 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 05319405 d:OtherPropertyPlantEquipment 2023-03-31 05319405 d:OtherPropertyPlantEquipment 2022-03-31 05319405 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05319405 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05319405 d:CurrentFinancialInstruments 2023-03-31 05319405 d:CurrentFinancialInstruments 2022-03-31 05319405 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05319405 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05319405 d:UKTax 2022-04-01 2023-03-31 05319405 d:UKTax 2021-04-01 2022-03-31 05319405 d:ShareCapital 2023-03-31 05319405 d:ShareCapital 2022-03-31 05319405 d:RetainedEarningsAccumulatedLosses 2023-03-31 05319405 d:RetainedEarningsAccumulatedLosses 2022-03-31 05319405 c:FRS102 2022-04-01 2023-03-31 05319405 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05319405 c:FullAccounts 2022-04-01 2023-03-31 05319405 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 05319405













ELECTRONIC EYE LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


 
ELECTRONIC EYE LIMITED
REGISTERED NUMBER:05319405


BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,830
4,558

  
7,830
4,558

Current assets
  

Debtors: amounts falling due within one year
 6 
-
2,662

Cash at bank and in hand
  
10,837
6,150

  
10,837
8,812

Creditors: amounts falling due within one year
 7 
(17,466)
(13,232)

Net current liabilities
  
 
 
(6,629)
 
 
(4,420)

  

Net assets
  
1,201
138


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,200
137

  
1,201
138


Page 1


 
ELECTRONIC EYE LIMITED
REGISTERED NUMBER:05319405

    
BALANCE SHEET (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 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: 




................................................
N H Khan
Director

Date: 20 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Electronic Eye Limited is a limited liability company incorporated in England. The registered office address is Harwood House, 43 Harwood Road, London, SW6 4QP.

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:

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.

 
2.3

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.

Page 3


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Motor vehicles
-
20%
Computer equipment
-
25%
Other fixed assets
-
20%

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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.

 
2.9

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.

Page 5


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

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


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
9,918
7,840


Factors affecting tax charge for the year

The tax assessed for the year is lower than (2022 - higher than) the standard rate of corporation tax in the UK of 19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
56,981
40,125


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
10,826
7,624

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
48
48

Capital allowances for year in excess of depreciation
(956)
168

Total tax charge for the year
9,918
7,840

Page 6


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2022
4,102
27,832
4,723
36,657


Additions
-
5,861
-
5,861



At 31 March 2023

4,102
33,693
4,723
42,518



Depreciation


At 1 April 2022
4,090
26,119
1,890
32,099


Charge for the year on owned assets
12
1,632
945
2,589



At 31 March 2023

4,102
27,751
2,835
34,688



Net book value



At 31 March 2023
-
5,942
1,888
7,830



At 31 March 2022
12
1,713
2,833
4,558

Page 7


 
ELECTRONIC EYE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
-
2,662



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,918
7,840

Other taxation and social security
4,261
2,235

Other creditors
1,787
1,657

Accruals and deferred income
1,500
1,500

17,466
13,232



8.


Controlling party

The ultimate controlling parties are N H Khan and R A Khan, who are the directors and sole shareholders of the company.

 
Page 8