Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01information technology services2false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09365354 2023-01-01 2023-12-31 09365354 2022-01-01 2022-12-31 09365354 2023-12-31 09365354 2022-12-31 09365354 c:Director1 2023-01-01 2023-12-31 09365354 d:OfficeEquipment 2023-01-01 2023-12-31 09365354 d:OfficeEquipment 2023-12-31 09365354 d:OfficeEquipment 2022-12-31 09365354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09365354 d:CurrentFinancialInstruments 2023-12-31 09365354 d:CurrentFinancialInstruments 2022-12-31 09365354 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09365354 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09365354 d:ShareCapital 2023-12-31 09365354 d:ShareCapital 2022-12-31 09365354 d:RetainedEarningsAccumulatedLosses 2023-12-31 09365354 d:RetainedEarningsAccumulatedLosses 2022-12-31 09365354 c:FRS102 2023-01-01 2023-12-31 09365354 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09365354 c:FullAccounts 2023-01-01 2023-12-31 09365354 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09365354 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09365354 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09365354 2 2023-01-01 2023-12-31 09365354 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09365354










Softnet Enterprise Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Softnet Enterprise Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Softnet Enterprise Limited for the year ended 31 December 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 Softnet Enterprise Limited for the year ended 31 December 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 Softnet Enterprise Limited, 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 Softnet Enterprise Limited  and state those matters that we have agreed to state to the Board of directors of Softnet Enterprise Limited, 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 Softnet Enterprise Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Softnet Enterprise Limited 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 Softnet Enterprise Limited. You consider that Softnet Enterprise Limited 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 Softnet Enterprise Limited. 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
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
5 February 2024
Page 1

 
Softnet Enterprise Limited
Registered number: 09365354

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,967
4,815

Current assets
  

Debtors: amounts falling due within one year
 5 
3,300
752

Cash at bank and in hand
  
34,255
87,367

  
37,555
88,119

Creditors: amounts falling due within one year
 6 
(32,791)
(84,047)

Net current assets
  
 
 
4,764
 
 
4,072

Total assets less current liabilities
  
7,731
8,887

Provisions for liabilities
  

Deferred tax
 7 
(564)
(915)

Net assets
  
 
 
7,167
 
 
7,972


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
7,165
7,970

  
7,167
7,972


Page 2

 
Softnet Enterprise Limited
Registered number: 09365354

Balance sheet (continued)
As at 31 December 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 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 by: 



................................................
S D Rigby
Director
Date: 2 February 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Softnet Enterprise Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales.
The registered number of the Company is: 09365354.
The address of its registered office is: 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ. 

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

Interest income

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

Page 4

 
Softnet Enterprise Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

The estimated useful lives range as follows:

Office equipment
-
3
years

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.

 
2.6

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 5

 
Softnet Enterprise Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
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. 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.

 
2.8

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.

 
2.9

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

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).

Page 6

 
Softnet Enterprise Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
8,730


Additions
528



At 31 December 2023

9,258



Depreciation


At 1 January 2023
3,915


Charge for the year on owned assets
2,376



At 31 December 2023

6,291



Net book value



At 31 December 2023
2,967



At 31 December 2022
4,815


5.


Debtors

2023
2022
£
£


Trade debtors
3,300
-

Other debtors
-
752

3,300
752



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,792
5,793

Other taxation and social security
1,507
-

Other creditors
23,377
76,329

Accruals and deferred income
2,115
1,925

32,791
84,047


Page 7

 
Softnet Enterprise Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Deferred taxation




2023


£






At beginning of year
(915)


Charged to profit or loss
351



At end of year
(564)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(564)
(915)


Page 8