Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09094341 2023-01-01 2023-12-31 09094341 2022-01-01 2022-12-31 09094341 2022-12-31 09094341 c:Director3 2023-01-01 2023-12-31 09094341 d:ComputerEquipment 2023-01-01 2023-12-31 09094341 d:ComputerEquipment 2023-12-31 09094341 d:ComputerEquipment 2022-12-31 09094341 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09094341 d:CurrentFinancialInstruments 2023-12-31 09094341 d:CurrentFinancialInstruments 2022-12-31 09094341 d:Non-currentFinancialInstruments 2023-12-31 09094341 d:Non-currentFinancialInstruments 2022-12-31 09094341 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09094341 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09094341 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09094341 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09094341 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09094341 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09094341 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09094341 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09094341 d:ShareCapital 2023-12-31 09094341 d:ShareCapital 2022-12-31 09094341 d:SharePremium 2023-12-31 09094341 d:SharePremium 2022-12-31 09094341 d:RetainedEarningsAccumulatedLosses 2023-12-31 09094341 d:RetainedEarningsAccumulatedLosses 2022-12-31 09094341 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09094341 c:OrdinaryShareClass1 2023-12-31 09094341 c:OrdinaryShareClass1 2022-12-31 09094341 c:FRS102 2023-01-01 2023-12-31 09094341 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09094341 c:FullAccounts 2023-01-01 2023-12-31 09094341 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09094341 2 2023-01-01 2023-12-31 09094341 6 2023-01-01 2023-12-31 09094341 2023-12-31 09094341 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09094341


COSSACK LABS
                                                                        LIMITED  







UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COSSACK LABS LIMITED
REGISTERED NUMBER: 09094341

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
$
$

Fixed assets
  

Tangible assets
 4 
18,466
4,152

Investments
 5 
61
61

  
18,527
4,213

Current assets
  

Debtors: amounts falling due within one year
 6 
51,647
51,811

Cash at bank and in hand
 7 
842,000
526,280

  
893,647
578,091

Creditors: amounts falling due within one year
 8 
(287,614)
(210,583)

Net current assets
  
 
 
606,033
 
 
367,508

Total assets less current liabilities
  
624,560
371,721

Creditors: amounts falling due after more than one year
 9 
(18,664)
(29,763)

  

Net assets
  
605,896
341,958


Capital and reserves
  

Called up share capital 
 11 
1,637
1,550

Share premium account
  
284,285
269,083

Profit and loss account
  
319,974
71,325

  
605,896
341,958


Page 1

 
COSSACK LABS LIMITED
REGISTERED NUMBER: 09094341
    
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 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 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: 




................................................
J K J Swallow
Director

Date: 8 April 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cossack Labs Limited is a private limited company, registered in the United Kingdom, domiciled in  England and Wales. The registered office address is 190 Clarence Gate Gardens, Glentworth Street, London, NW1 6AD.

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

Foreign currency translation

Functional and presentation currency

The Company's functional currency is GBP. This differs from the presentational currency which is USD.

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 that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'administrative expenses'. All other foreign exchange gains and losses are also presented in profit or loss within 'administrative expenses''.

Page 3

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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

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
-
50%

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.

Page 4

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
3
3

Page 5

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

$



Cost or valuation


At 1 January 2023
8,463


Additions
22,151



At 31 December 2023

30,614



Depreciation


At 1 January 2023
4,311


Charge for the year on owned assets
7,837



At 31 December 2023

12,148



Net book value



At 31 December 2023
18,466



At 31 December 2022
4,152


5.


Fixed asset investments





Other fixed asset investments

$



Cost or valuation


At 1 January 2023
61



At 31 December 2023
61




Page 6

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
$
$


Trade debtors
46,807
50,799

Other debtors
2,803
998

Prepayments and accrued income
2,037
14

51,647
51,811



7.


Cash and cash equivalents

2023
2022
$
$

Cash at bank and in hand
842,000
526,280

842,000
526,280



8.


Creditors: Amounts falling due within one year

2023
2022
$
$

Bank loans
12,758
11,778

Trade creditors
121,033
4,862

Other creditors
113,443
38,523

Accruals and deferred income
40,380
155,420

287,614
210,583



9.


Creditors: Amounts falling due after more than one year

2023
2022
$
$

Bank loans
18,664
29,763

18,664
29,763


Page 7

 
COSSACK LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
$
$

Amounts falling due within one year

Bank loans
12,758
11,778


12,758
11,778

Amounts falling due 1-2 years

Bank loans
13,081
12,076


13,081
12,076

Amounts falling due 2-5 years

Bank loans
5,583
17,688


5,583
17,688


31,422
41,542



11.


Share capital

2023
2022
$
$
Allotted, called up and fully paid



1,637 (2022 - 1,550) Ordinary shares of £1.00 each
1,637
1,550

As at the year end, there were 128,556 (2022: 128,556) shares in issue at a nominal value of £0.01 per share. The share capital movements shown are as a result of these financial statements being reported in USD and relate to foreign exchange differences.




 
Page 8