Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true5false2022-06-21Information technology consultancy activitiestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14186889 2022-06-20 14186889 2022-06-21 2022-12-31 14186889 2021-06-21 2022-06-20 14186889 2022-12-31 14186889 c:Director2 2022-06-21 2022-12-31 14186889 d:ComputerEquipment 2022-06-21 2022-12-31 14186889 d:ComputerEquipment 2022-12-31 14186889 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-21 2022-12-31 14186889 d:CurrentFinancialInstruments 2022-12-31 14186889 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14186889 d:ShareCapital 2022-12-31 14186889 d:RetainedEarningsAccumulatedLosses 2022-12-31 14186889 c:FRS102 2022-06-21 2022-12-31 14186889 c:AuditExempt-NoAccountantsReport 2022-06-21 2022-12-31 14186889 c:FullAccounts 2022-06-21 2022-12-31 14186889 c:PrivateLimitedCompanyLtd 2022-06-21 2022-12-31 14186889 e:PoundSterling 2022-06-21 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 14186889









FIELDLABS OPCO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
FIELDLABS OPCO LTD
REGISTERED NUMBER: 14186889

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
  
1,027

  
1,027

Current assets
  

Debtors: amounts falling due within one year
 4 
1,330,045

Cash at bank and in hand
 5 
25

  
1,330,070

Creditors: amounts falling due within one year
 6 
(1,239,633)

Net current assets
  
 
 
90,437

Total assets less current liabilities
  
91,464

  

Net assets
  
91,464


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
91,463

  
91,464


Page 1

 
FIELDLABS OPCO LTD
REGISTERED NUMBER: 14186889
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 15 March 2024.




Matthew Thomas Molloy
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FIELDLABS OPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Fieldlabs Opco Limited is a private company, limited by shares, registered in Engand and Wales, registration number 14186889.
The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
FIELDLABS OPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
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.

Page 4

 
FIELDLABS OPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

3.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,233



At 31 December 2022

1,233



Depreciation


Charge for the period on owned assets
206



At 31 December 2022

206



Net book value



At 31 December 2022
1,027


4.


Debtors

2022
£


Amounts owed by related undertakings
1,326,898

Other debtors
3,147

1,330,045



5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
25

25


Page 5

 
FIELDLABS OPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
72,539

Amounts owed to other participating interests
1,145,830

Corporation tax
21,214

Other creditors
50

1,239,633


 
Page 6