Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30true2022-10-01falsee-publishing11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07055668 2022-10-01 2023-09-30 07055668 2021-10-01 2022-09-30 07055668 2023-09-30 07055668 2022-09-30 07055668 c:Director1 2022-10-01 2023-09-30 07055668 d:FurnitureFittings 2022-10-01 2023-09-30 07055668 d:FurnitureFittings 2023-09-30 07055668 d:FurnitureFittings 2022-09-30 07055668 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 07055668 d:CurrentFinancialInstruments 2023-09-30 07055668 d:CurrentFinancialInstruments 2022-09-30 07055668 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07055668 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 07055668 d:ShareCapital 2023-09-30 07055668 d:ShareCapital 2022-09-30 07055668 d:RetainedEarningsAccumulatedLosses 2023-09-30 07055668 d:RetainedEarningsAccumulatedLosses 2022-09-30 07055668 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 07055668 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 07055668 c:FRS102 2022-10-01 2023-09-30 07055668 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07055668 c:FullAccounts 2022-10-01 2023-09-30 07055668 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07055668 2 2022-10-01 2023-09-30 07055668 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 07055668









TFORMAT LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
TFORMAT LTD
REGISTERED NUMBER: 07055668

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,693
2,498

  
2,693
2,498

Current assets
  

Debtors: amounts falling due within one year
 5 
153,204
225,160

Cash at bank and in hand
 6 
202,514
142,254

  
355,718
367,414

Creditors: amounts falling due within one year
 7 
(197,725)
(253,428)

Net current assets
  
 
 
157,993
 
 
113,986

Total assets less current liabilities
  
160,686
116,484

  

Net assets
  
160,686
116,484


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
160,586
116,384

  
160,686
116,484


Page 1

 
TFORMAT LTD
REGISTERED NUMBER: 07055668
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 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 16 February 2024.





................................................
Mr Christopher Ian Western
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Tformat Ltd is a private company limited by share capital incorporated in England. The principal activity of the company throughout the year is that of e-publishing.

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

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.

Page 3

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
20% reducing balance

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 October 2022
10,005


Additions
866



At 30 September 2023

10,871



Depreciation


At 1 October 2022
7,507


Charge for the year on owned assets
671



At 30 September 2023

8,178



Net book value



At 30 September 2023
2,693



At 30 September 2022
2,498

Page 7

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
31,315
35,627

Other debtors
25,271
4,275

Prepayments and accrued income
96,618
185,258

153,204
225,160


Included within other debtors due within one year is a loan to Mr Christopher Ian Western, a director, amounting to £25,000 (2022 - £4,368 owed by the Company)




6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
202,514
142,254

202,514
142,254



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
170,160
229,437

Trade creditors
19,655
13,632

Corporation tax
5,644
-

Other taxation and social security
-
3,485

Other creditors
471
5,254

Accruals and deferred income
1,795
1,620

197,725
253,428


Page 8

 
TFORMAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
202,514
142,254




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,000 (2022 - £47,000).


10.


Controlling party

The company is controlled by a director, Christopher Western, by virtue of his shareholding as described in the director's report.

 
Page 9