Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31trueNo description of principal activity2022-08-01false119trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03620806 2022-08-01 2023-07-31 03620806 2021-08-01 2022-07-31 03620806 2023-07-31 03620806 2022-07-31 03620806 c:Director1 2022-08-01 2023-07-31 03620806 d:OfficeEquipment 2022-08-01 2023-07-31 03620806 d:OfficeEquipment 2023-07-31 03620806 d:OfficeEquipment 2022-07-31 03620806 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03620806 d:ComputerEquipment 2022-08-01 2023-07-31 03620806 d:ComputerEquipment 2023-07-31 03620806 d:ComputerEquipment 2022-07-31 03620806 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03620806 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03620806 d:CurrentFinancialInstruments 2023-07-31 03620806 d:CurrentFinancialInstruments 2022-07-31 03620806 d:Non-currentFinancialInstruments 2023-07-31 03620806 d:Non-currentFinancialInstruments 2022-07-31 03620806 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03620806 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03620806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03620806 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 03620806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 03620806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 03620806 d:ShareCapital 2023-07-31 03620806 d:ShareCapital 2022-07-31 03620806 d:RetainedEarningsAccumulatedLosses 2023-07-31 03620806 d:RetainedEarningsAccumulatedLosses 2022-07-31 03620806 c:FRS102 2022-08-01 2023-07-31 03620806 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03620806 c:FullAccounts 2022-08-01 2023-07-31 03620806 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 03620806









CHARTHOUSE DATA MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
CHARTHOUSE DATA MANAGEMENT LIMITED
REGISTERED NUMBER:03620806

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,269
17,854

  
23,269
17,854

Current assets
  

Stocks
 5 
34,117
13,085

Debtors: amounts falling due within one year
 6 
19,737
86,741

Cash at bank and in hand
  
61,111
44,527

  
114,965
144,353

Creditors: amounts falling due within one year
 7 
(39,678)
(61,192)

Net current assets
  
 
 
75,287
 
 
83,161

Total assets less current liabilities
  
98,556
101,015

Creditors: amounts falling due after more than one year
 8 
(21,237)
(30,833)

  

Net assets
  
77,319
70,182


Capital and reserves
  

Called up share capital 
  
110
104

Retained earnings
  
77,209
70,078

Shareholders' funds
  
77,319
70,182


Page 1

 
CHARTHOUSE DATA MANAGEMENT LIMITED
REGISTERED NUMBER:03620806
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 and delivered 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 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 by: 






A P Coulson
Director

Date: 27 March 2024

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

Page 2

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Charthouse Data Management Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 03620806). The registered office address is Unit A17, Admiralty Park Station Road, Holton Heath, Poole, Dorset, BH16 6HX.

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

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

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

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit or loss in the same period as the related expenditure.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

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:

Office equipment
-
13%
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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at the present value of cash payable to the bank, which is ordinarily equal to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method. 

 
2.12

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.

 
2.13

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 11 (2022 - 9).

Page 6

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 August 2022
11,393
34,419
45,812


Additions
83
11,513
11,596



At 31 July 2023

11,476
45,932
57,408



Depreciation


At 1 August 2022
5,012
22,946
27,958


Charge for the year
764
5,417
6,181



At 31 July 2023

5,776
28,363
34,139



Net book value



At 31 July 2023
5,700
17,569
23,269



At 31 July 2022
6,381
11,473
17,854

Page 7

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Stocks

2023
2022
£
£

Other inventories
34,117
13,085



6.


Debtors

2023
2022
£
£


Trade debtors
13,243
84,989

Other debtors
2,350
-

Called up share capital not paid
102
96

Prepayments and accrued income
4,042
1,656

19,737
86,741



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
156

Bank loans
10,000
10,000

Other loans
3,565
5,077

Trade creditors
6,725
3,004

Amounts owed to entity under common control
-
4,326

Corporation tax
-
12,459

Other taxation and social security
12,432
17,610

Obligations under finance lease and hire purchase contracts
604
468

Other creditors
68
2,566

Accruals and deferred income
6,284
5,526

39,678
61,192


Page 8

 
CHARTHOUSE DATA MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,833
30,833

Net obligations under finance leases and hire purchase contracts
404
-



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
3,565
5,077


13,565
15,077

Amounts falling due 1-2 years

Bank loans
20,833
30,833


34,398
45,910



10.


Related party transactions

During the year, the directors of the Company received remuneration totalling £126,500 (2022 - £114,542).
During the year, sales totalling 38,844
 (2022 - £72,777were made to Charthouse Data Management LLC, a company under common control. During the year, purchases of Nil (2022 - £23,159) were made from Charthouse Data Management LLC. At the year end, the Company owed £Nil (2022 -  £4,326).

 
Page 9