Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false222022-05-01trueNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09546865 2022-05-01 2023-04-30 09546865 2021-05-01 2022-04-30 09546865 2023-04-30 09546865 2022-04-30 09546865 c:Director1 2022-05-01 2023-04-30 09546865 d:CurrentFinancialInstruments 2023-04-30 09546865 d:CurrentFinancialInstruments 2022-04-30 09546865 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09546865 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 09546865 d:ShareCapital 2023-04-30 09546865 d:ShareCapital 2022-04-30 09546865 d:RetainedEarningsAccumulatedLosses 2023-04-30 09546865 d:RetainedEarningsAccumulatedLosses 2022-04-30 09546865 c:FRS102 2022-05-01 2023-04-30 09546865 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09546865 c:FullAccounts 2022-05-01 2023-04-30 09546865 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 09546865









TESTWAY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
TESTWAY LIMITED
REGISTERED NUMBER: 09546865

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
38,331
34,060

Cash at bank and in hand
  
1,162
1,406

  
39,493
35,466

Creditors: amounts falling due within one year
 6 
(10,309)
(9,852)

Net current assets
  
 
 
29,184
 
 
25,614

Total assets less current liabilities
  
29,184
25,614

  

Net assets
  
29,184
25,614


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
29,183
25,613

  
29,184
25,614


The director considers 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 director acknowledges her 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 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 on 17 April 2024.



Y Fegel
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
TESTWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Testway Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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 recognition

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.
Turnover comprises revenue recognised by the company in respect of business administration services supplied during the year. Revenue is recognised in the period in which the service is provided. 

 
2.3

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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 reporting date in the countries where the Company operates and generates income.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
Page 2

 
TESTWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
26,951
19,790

Other debtors
11,380
14,270

38,331
34,060



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,535
5,315

Corporation tax
837
796

Other taxation and social security
1,220
1,061

Other creditors
217
180

Accruals and deferred income
2,500
2,500

10,309
9,852


 
Page 3