Caseware UK (AP4) 2023.0.135 2023.0.135 trueNo description of principal activity2022-08-01false84falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03505184 2022-08-01 2023-07-31 03505184 2023-07-31 03505184 2021-08-01 2022-07-31 03505184 2022-07-31 03505184 c:Director1 2022-08-01 2023-07-31 03505184 d:Buildings 2022-08-01 2023-07-31 03505184 d:Buildings 2023-07-31 03505184 d:Buildings 2022-07-31 03505184 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03505184 d:PlantMachinery 2022-08-01 2023-07-31 03505184 d:PlantMachinery 2023-07-31 03505184 d:PlantMachinery 2022-07-31 03505184 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03505184 d:MotorVehicles 2022-08-01 2023-07-31 03505184 d:MotorVehicles 2023-07-31 03505184 d:MotorVehicles 2022-07-31 03505184 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03505184 d:FurnitureFittings 2022-08-01 2023-07-31 03505184 d:FurnitureFittings 2023-07-31 03505184 d:FurnitureFittings 2022-07-31 03505184 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03505184 d:ComputerEquipment 2022-08-01 2023-07-31 03505184 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03505184 d:CurrentFinancialInstruments 2023-07-31 03505184 d:CurrentFinancialInstruments 2022-07-31 03505184 d:Non-currentFinancialInstruments 2023-07-31 03505184 d:Non-currentFinancialInstruments 2022-07-31 03505184 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03505184 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03505184 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03505184 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 03505184 d:ShareCapital 2023-07-31 03505184 d:ShareCapital 2022-07-31 03505184 d:RetainedEarningsAccumulatedLosses 2023-07-31 03505184 d:RetainedEarningsAccumulatedLosses 2022-07-31 03505184 c:OrdinaryShareClass1 2022-08-01 2023-07-31 03505184 c:OrdinaryShareClass1 2023-07-31 03505184 c:OrdinaryShareClass1 2022-07-31 03505184 c:FRS102 2022-08-01 2023-07-31 03505184 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03505184 c:FullAccounts 2022-08-01 2023-07-31 03505184 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03505184













Cockerel Software Limited

Financial statements
Information for filing with the registrar

31 July 2023




 
Cockerel Software Limited


Balance sheet
At 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
150,257
155,279

  
150,257
155,279

Current assets
  

Debtors: amounts falling due within one year
 6 
144,171
110,974

Cash at bank and in hand
  
75,645
55,671

  
219,816
166,645

Creditors: amounts falling due within one year
 7 
(221,487)
(163,319)

Net current (liabilities)/assets
  
 
 
(1,671)
 
 
3,326

Total assets less current liabilities
  
148,586
158,605

Creditors: amounts falling due after more than one year
 8 
(18,333)
(27,173)

Provisions for liabilities
  

Deferred tax
  
(16,561)
(11,808)

  
 
 
(16,561)
 
 
(11,808)

Net assets
  
113,692
119,624


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
112,692
118,624

Shareholders' funds
  
113,692
119,624


1

 
Cockerel Software Limited

    
Balance sheet (continued)
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 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 16 April 2024.




ARH Courage
Director

The notes on pages 3 to 6 form part of these financial statements.
Company registration number: 03505184

2

 
Cockerel Software Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, Tyne and Wear, NE1 4JE.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.
In respect of annual software maintenance contracts, turnover represents amounts invoiced to the year end adjusted for deferred income.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

3

 
Cockerel Software Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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 calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
33%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
33%
reducing balance

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

4

 
Cockerel Software Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The company only enters into basic financial instrument 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 ordinary shares.


3.


Judgements 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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 4).


5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
137,883
59,891
63,177
24,917
285,868


Additions
-
13,103
-
2,405
15,508



At 31 July 2023

137,883
72,994
63,177
27,322
301,376



Depreciation


At 1 August 2022
34,564
49,672
30,151
16,202
130,589


Charge for the year
2,758
5,464
10,898
1,410
20,530



At 31 July 2023

37,322
55,136
41,049
17,612
151,119



Net book value



At 31 July 2023
100,561
17,858
22,128
9,710
150,257



At 31 July 2022
103,319
10,219
33,026
8,715
155,279

5

 
Cockerel Software Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

6.


Debtors

2023
2022
£
£


Trade debtors
141,779
108,810

Prepayments and accrued income
2,392
2,164

144,171
110,974



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
11,160

Trade creditors
19,597
25,919

Other taxation and social security
43,552
24,797

Other creditors
4,001
18,058

Accruals and deferred income
144,337
83,385

221,487
163,319



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,333
27,173

18,333
27,173



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
6