Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10188498 2022-06-01 2023-05-31 10188498 2021-06-01 2022-05-31 10188498 2023-05-31 10188498 2022-05-31 10188498 c:Director1 2022-06-01 2023-05-31 10188498 d:OfficeEquipment 2022-06-01 2023-05-31 10188498 d:OfficeEquipment 2023-05-31 10188498 d:OfficeEquipment 2022-05-31 10188498 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10188498 d:CurrentFinancialInstruments 2023-05-31 10188498 d:CurrentFinancialInstruments 2022-05-31 10188498 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10188498 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10188498 d:ShareCapital 2023-05-31 10188498 d:ShareCapital 2022-05-31 10188498 d:RetainedEarningsAccumulatedLosses 2023-05-31 10188498 d:RetainedEarningsAccumulatedLosses 2022-05-31 10188498 c:FRS102 2022-06-01 2023-05-31 10188498 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10188498 c:FullAccounts 2022-06-01 2023-05-31 10188498 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10188498 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 10188498









BLUE HAT ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
BLUE HAT ASSOCIATES LIMITED
REGISTERED NUMBER: 10188498

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,722
3,486

  
5,722
3,486

Current assets
  

Debtors: amounts falling due within one year
 5 
581,017
245,738

Cash at bank and in hand
 6 
1,302,176
510,164

  
1,883,193
755,902

Creditors: amounts falling due within one year
 7 
(1,308,040)
(446,956)

Net current assets
  
 
 
575,153
 
 
308,946

Total assets less current liabilities
  
580,875
312,432

  

Net assets
  
580,875
312,432


Capital and reserves
  

Called up share capital 
  
510
1

Profit and loss account
  
580,365
312,431

  
580,875
312,432


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 on 22 February 2024.



Page 1

 
BLUE HAT ASSOCIATES LIMITED
REGISTERED NUMBER: 10188498
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023


T Palmer
Director

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

Page 2

 
BLUE HAT ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Blue Hat Associates Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is that of consultancy.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BLUE HAT ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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:

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.

 
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.

Page 4

 
BLUE HAT ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Office equipment
-
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.

 
2.8

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.

 
2.11

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 3 (2022 - 2).

Page 5

 
BLUE HAT ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
5,290


Additions
5,049


Disposals
(2,659)



At 31 May 2023

7,680



Depreciation


At 1 June 2022
1,804


Charge for the year on owned assets
1,432


Disposals
(1,278)



At 31 May 2023

1,958



Net book value



At 31 May 2023
5,722



At 31 May 2022
3,486


5.


Debtors

2023
2022
£
£


Trade debtors
14,909
17,080

Other debtors
9,286
1,540

Prepayments and accrued income
556,822
227,118

581,017
245,738


Page 6

 
BLUE HAT ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,302,176
510,164

1,302,176
510,164



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
22,121
110,375

Corporation tax
140,856
55,328

Other taxation and social security
102,416
13,656

Other creditors
53,964
685

Accruals and deferred income
988,683
266,912

1,308,040
446,956



8.


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 £109,518 (2022 - £95,300) . 

 
Page 7