Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false62012 - Business and domestic software development 62020 - Information technology consultancy activities33falsetrue 13036186 2022-04-01 2023-03-31 13036186 2020-11-23 2022-03-31 13036186 2023-03-31 13036186 2022-03-31 13036186 c:Director1 2022-04-01 2023-03-31 13036186 c:Director2 2022-04-01 2023-03-31 13036186 d:OfficeEquipment 2022-04-01 2023-03-31 13036186 d:OfficeEquipment 2023-03-31 13036186 d:OfficeEquipment 2022-03-31 13036186 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13036186 d:CurrentFinancialInstruments 2023-03-31 13036186 d:CurrentFinancialInstruments 2022-03-31 13036186 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13036186 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13036186 d:ShareCapital 2023-03-31 13036186 d:ShareCapital 2020-11-23 2022-03-31 13036186 d:ShareCapital 2022-03-31 13036186 d:SharePremium 2023-03-31 13036186 d:SharePremium 2020-11-23 2022-03-31 13036186 d:SharePremium 2022-03-31 13036186 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13036186 d:RetainedEarningsAccumulatedLosses 2023-03-31 13036186 d:RetainedEarningsAccumulatedLosses 2020-11-23 2022-03-31 13036186 d:RetainedEarningsAccumulatedLosses 2022-03-31 13036186 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13036186 c:OrdinaryShareClass1 2023-03-31 13036186 c:OrdinaryShareClass1 2022-03-31 13036186 c:OrdinaryShareClass2 2022-04-01 2023-03-31 13036186 c:OrdinaryShareClass2 2023-03-31 13036186 c:OrdinaryShareClass2 2022-03-31 13036186 c:OrdinaryShareClass3 2022-04-01 2023-03-31 13036186 c:OrdinaryShareClass3 2023-03-31 13036186 c:OrdinaryShareClass3 2022-03-31 13036186 c:OrdinaryShareClass4 2022-04-01 2023-03-31 13036186 c:OrdinaryShareClass4 2023-03-31 13036186 c:OrdinaryShareClass4 2022-03-31 13036186 c:FRS102 2022-04-01 2023-03-31 13036186 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13036186 c:FullAccounts 2022-04-01 2023-03-31 13036186 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13036186 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13036186









LIQUIDITYWELL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LIQUIDITYWELL LTD
REGISTERED NUMBER: 13036186

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Tangible assets
 4 
737
-

Current assets
  

Debtors: amounts falling due within one year
 5 
40,766
24,958

Cash at bank and in hand
 6 
18,048
30,703

  
58,814
55,661

Creditors: amounts falling due within one year
 7 
(31,360)
(44,479)

Net current assets
  
 
 
27,454
 
 
11,182

Total assets less current liabilities
  
28,191
11,182

  

Net assets
  
28,191
11,182


Capital and reserves
  

Called up share capital 
 8 
3,333
3,333

Share premium account
  
6,666
6,666

Profit and loss account
  
18,192
1,183

  
28,191
11,182


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 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 28 March 2024.




S D Brown
C Duggin
Director
Director
Page 1

 
LIQUIDITYWELL LTD
REGISTERED NUMBER: 13036186
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
LIQUIDITYWELL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
3,333
6,666
1,183
11,182



Profit for the year
-
-
17,009
17,009


At 31 March 2023
3,333
6,666
18,192
28,191



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£



Profit for the period
-
-
1,183
1,183

Shares issued during the period
3,333
6,666
-
9,999


At 31 March 2022
3,333
6,666
1,183
11,182


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
LIQUIDITYWELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Liquiditywell Ltd is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Barnes Roffe Llp. 1st Floor., 73-81 Southwark Bridge Road, London, Greater London, England, SE1 0NQ.
The principal activity of the company during the year has been that of Business and domestic software development and Information technology consultancy activities.

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

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
LIQUIDITYWELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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:

Office equipment
-
33%
straight-line method

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 5

 
LIQUIDITYWELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
841



At 31 March 2023

841



Depreciation


Charge for the year on owned assets
104



At 31 March 2023

104



Net book value



At 31 March 2023
737



At 31 March 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
28,800
11,500

Other debtors
11,966
13,458

40,766
24,958


Page 6

 
LIQUIDITYWELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,048
30,703

18,048
30,703



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
38,250

Corporation tax
3,981
359

Other creditors
3,447
3,120

Accruals and deferred income
23,932
2,750

31,360
44,479



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary "A" shares of £1.00 each
1,000
1,000
1,000 (2022 - 1,000) Ordinary "B" shares of £1.00 each
1,000
1,000
1,000 (2022 - 1,000) Ordinary "C" shares of £1.00 each
1,000
1,000
333 (2022 - 333) Ordinary "D" shares of £1.00 each
333
333

3,333

3,333



9.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 7