Caseware UK (AP4) 2023.0.135 2023.0.135 2022-11-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10229376 2022-11-01 2023-10-31 10229376 2021-11-01 2022-10-31 10229376 2023-10-31 10229376 2022-10-31 10229376 c:Director1 2022-11-01 2023-10-31 10229376 d:FurnitureFittings 2022-11-01 2023-10-31 10229376 d:FurnitureFittings 2023-10-31 10229376 d:FurnitureFittings 2022-10-31 10229376 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10229376 d:ComputerEquipment 2022-11-01 2023-10-31 10229376 d:ComputerEquipment 2023-10-31 10229376 d:ComputerEquipment 2022-10-31 10229376 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10229376 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10229376 d:CurrentFinancialInstruments 2023-10-31 10229376 d:CurrentFinancialInstruments 2022-10-31 10229376 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10229376 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10229376 d:ShareCapital 2023-10-31 10229376 d:ShareCapital 2022-10-31 10229376 d:RetainedEarningsAccumulatedLosses 2023-10-31 10229376 d:RetainedEarningsAccumulatedLosses 2022-10-31 10229376 c:FRS102 2022-11-01 2023-10-31 10229376 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10229376 c:FullAccounts 2022-11-01 2023-10-31 10229376 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10229376 2 2022-11-01 2023-10-31 10229376 4 2022-11-01 2023-10-31 10229376 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure


















Rosetta Tax Limited
























Unaudited financial statements



For the year ended 31 October 2023



Registered number: 10229376

 
Rosetta Tax Limited - Registered number:10229376


Statement of financial position
As at 31 October 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
-
47

  
-
47

Current assets
  

Debtors: amounts falling due within one year
 5 
231,937
235,751

Cash at bank and in hand
  
18,555
20,553

  
250,492
256,304

Creditors: amounts falling due within one year
 6 
(61,908)
(96,745)

Net current assets
  
 
 
188,584
 
 
159,559

Total assets less current liabilities
  
188,584
159,606

  

Net assets
  
188,584
159,606


Capital and reserves
  

Share capital
  
502
502

Profit and loss account
  
188,082
159,104

  
188,584
159,606


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 his 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.
Page 1

 
Rosetta Tax Limited - Registered number:10229376


Statement of financial position (continued)
As at 31 October 2023


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 signed by the director.



C Goddard
Director

Date: 23 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Rosetta Tax Limited
 
 

Notes to the financial statements
For the year ended 31 October 2023

1.


General information

Rosetta Tax Limited is a private company limited by shares and incorporated in England and Wales. Its company registration number is 10229376 and the registered office and principal place of business is located at 6 Snow Hill, London, EC1A 2AY.

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 Republic of Ireland' ('FRS 102') 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 judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Going concern

The company has sufficient liquid resources to  continue as a going concern for the foreseeable future and the director believes the company will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements.

 
2.3

Turnover

Turnover is recognised by the Company in respect of services supplied during the year, exclusive of VAT. Turnover in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of engagement. Unbilled turnover is included in debtors as amounts recoverable on contracts.

 
2.4

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:

Fixtures and fittings
-
33%
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.

Page 3

 
Rosetta Tax Limited
 

Notes to the financial statements
For the year ended 31 October 2023

2.Accounting policies (continued)

 
2.5

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.

  
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

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 other third parties and loans to related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.

 
2.10

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. 

 
2.11

Operating leases

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

 
2.12

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.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
Rosetta Tax Limited
 

Notes to the financial statements
For the year ended 31 October 2023

2.Accounting policies (continued)

 
2.14

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.

 
2.15

Borrowing costs

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


3.


Employees

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


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
171
2,049
2,220



At 31 October 2023

171
2,049
2,220



Depreciation


At 1 November 2022
124
2,049
2,173


Charge for the year on owned assets
47
-
47



At 31 October 2023

171
2,049
2,220



Net book value



At 31 October 2023
-
-
-



At 31 October 2022
47
-
47

Page 5

 
Rosetta Tax Limited
 
 

Notes to the financial statements
For the year ended 31 October 2023

5.


Debtors

2023
2022
£
£


Trade debtors
56,820
88,090

Other debtors
63,499
6,220

Prepayments
47,695
49,767

Amounts recoverable on contracts
63,923
91,674

231,937
235,751



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,462
928

Corporation tax
29,029
36,528

Other taxation and social security
23,467
16,863

Other creditors
-
10,960

Accruals and deferred income
6,950
31,466

61,908
96,745



7.


Transactions with directors

During the year advances of £125,000 (2022 - £65,000) were made to the directorrepayments of £60,392 (2022: £70,426) were made to the company.  As at the year end £60,000 (2022 - £4,900 owed to the director) was owed from the director to the company. 
 
Interest of £292 (2022: £526) was charged at a rate of 2.5%


Page 6