Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01trueNo description of principal activityfalse10123true 03774447 2022-08-01 2023-07-31 03774447 2021-08-01 2022-07-31 03774447 2023-07-31 03774447 2022-07-31 03774447 c:Director1 2022-08-01 2023-07-31 03774447 c:Director3 2022-08-01 2023-07-31 03774447 d:CurrentFinancialInstruments 2023-07-31 03774447 d:CurrentFinancialInstruments 2022-07-31 03774447 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03774447 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03774447 d:ShareCapital 2023-07-31 03774447 d:ShareCapital 2022-07-31 03774447 d:RetainedEarningsAccumulatedLosses 2023-07-31 03774447 d:RetainedEarningsAccumulatedLosses 2022-07-31 03774447 c:OrdinaryShareClass1 2022-08-01 2023-07-31 03774447 c:OrdinaryShareClass1 2023-07-31 03774447 c:OrdinaryShareClass1 2022-07-31 03774447 c:FRS102 2022-08-01 2023-07-31 03774447 c:Audited 2022-08-01 2023-07-31 03774447 c:FullAccounts 2022-08-01 2023-07-31 03774447 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03774447 c:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03774447 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered Number:03774447













ARU DIRECT LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023











 
ARU DIRECT LIMITED
REGISTERED NUMBER:03774447


BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
91,865
10,967

Cash at bank and in hand
 5 
68,318
51,632

  
160,183
62,599

Creditors: amounts falling due within one year
 6 
(161,654)
(62,357)

Net current (liabilities)/assets
  
 
 
(1,471)
 
 
242

Total assets less current liabilities
  
(1,471)
242

  

Net (liabilities)/assets
  
(1,471)
242


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(1,473)
240

  
(1,471)
242


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 22 November 2023.




P Bogle
M Frost
Director
Director

The notes on pages 2 to 5 form part of these financial statements.


- 1 -



 
ARU DIRECT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

ARU Direct Limited is a private company limited by shares, incorporated by England and Wales, registration number 03774447. The registered office is Bishop Hall Lane, Chelmsford, Essex, CM1 1SQ.

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 financial statements are presented in pounds sterling and rounded to the nearest £.
The following accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover relates to recharges of expenditure to other companies within the same group, which is accounted for based on the period in which the expenditure is incurred. 

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


- 2 -



 
ARU DIRECT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The company does not provide for deferred taxation on short-term timing differences on the basis that the company plans to continue to gift aid any taxable profits to its parent undertaking for the foreseeable future.  Taxable profits are therefore not anticipated to arise.
The company has an agreement with other subsidiaries of Anglia Ruskin University whereby tax losses are transferred between subsidiaries at varying rates for each £1 of gross tax loss surrendered or claimed.

 
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 directors, during the year was 101 (2022 - 23).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
91,863
10,965

Called up share capital not paid
2
2

91,865
10,967



- 3 -



 
ARU DIRECT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
68,318
51,632



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,882

Amounts owed to group undertakings
-
2,194

Other taxation and social security
128,295
43,831

Other creditors
26,709
7,850

Accruals and deferred income
6,650
6,600

161,654
62,357



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Related party transactions

The Company has taken advantage of the exemption available to wholly owned subsidiaries in relation to the disclosure of material transactions with members of Anglia Ruskin University Higher Education Corporation Group. There are no other related party transactions.  


9.


Ultimate parent undertaking and controlling party

The Directors regard Anglia Ruskin University Higher Education Corporation, a statutory corporation created by the exercise of the powers conferred on the Secretary of State by the Education Reform Act 1988 and as amended by the 1992 Act, as the ultimate parent body. 


- 4 -



 
ARU DIRECT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 July 2023 was unqualified.

The audit report was signed on 28 November 2023 by Timothy O'Connor (Senior Statutory Auditor) on behalf of SB Audit LLP.

 

- 5 -