Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30true2022-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity12true 12224441 2022-10-01 2023-09-30 12224441 2021-10-01 2022-09-30 12224441 2023-09-30 12224441 2022-09-30 12224441 c:Director1 2022-10-01 2023-09-30 12224441 d:ComputerEquipment 2022-10-01 2023-09-30 12224441 d:ComputerEquipment 2023-09-30 12224441 d:ComputerEquipment 2022-09-30 12224441 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 12224441 d:CurrentFinancialInstruments 2023-09-30 12224441 d:CurrentFinancialInstruments 2022-09-30 12224441 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12224441 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12224441 d:ShareCapital 2023-09-30 12224441 d:ShareCapital 2022-09-30 12224441 d:RetainedEarningsAccumulatedLosses 2023-09-30 12224441 d:RetainedEarningsAccumulatedLosses 2022-09-30 12224441 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12224441 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 12224441 c:OrdinaryShareClass1 2022-10-01 2023-09-30 12224441 c:OrdinaryShareClass1 2023-09-30 12224441 c:OrdinaryShareClass1 2022-09-30 12224441 c:OrdinaryShareClass2 2022-10-01 2023-09-30 12224441 c:OrdinaryShareClass2 2023-09-30 12224441 c:OrdinaryShareClass2 2022-09-30 12224441 c:FRS102 2022-10-01 2023-09-30 12224441 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12224441 c:FullAccounts 2022-10-01 2023-09-30 12224441 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12224441









NEOFIELD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
NEOFIELD LIMITED
REGISTERED NUMBER: 12224441

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
443
437

  
443
437

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
12,085
10,535

Cash at bank and in hand
  
27,888
50,573

  
39,973
61,108

Creditors: amounts falling due within one year
 6 
(27,731)
(60,126)

NET CURRENT ASSETS
  
 
 
12,242
 
 
982

TOTAL ASSETS LESS CURRENT LIABILITIES
  
12,685
1,419

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(111)
-

  
 
 
(111)
 
 
-

NET ASSETS
  
12,574
1,419


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
12,474
1,319

  
12,574
1,419


Page 1

 
NEOFIELD LIMITED
REGISTERED NUMBER: 12224441
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023


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.

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 by: 





T Douglas
Director

Date: 5 February 2024

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

Page 2

 
NEOFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Neofield Limited is a private company limited by shares and incorporated in England and Wales. Its
registered office is Salisbury House, Station Road, Cambridge, England, CB1 2LA.
The principal trading address is 53 Carisbrooke Road, Cambridge, CB4 3LP. 

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

TURNOVER

Turnover comprises consultancy income recognised during the year, exclusive of VAT.

 
2.3

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.

 
2.4

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.

Page 3

 
NEOFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

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:

Computer equipment
-
3 years

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.

 
2.5

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 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.

 
2.7

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.

 
2.8

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.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable.

Page 4

 
NEOFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 October 2022
830


Additions
340



At 30 September 2023

1,170



DEPRECIATION


At 1 October 2022
393


Charge for the year on owned assets
334



At 30 September 2023

727



NET BOOK VALUE



At 30 September 2023
443



At 30 September 2022
437


5.


DEBTORS

2023
2022
£
£


Prepayments and accrued income
12,085
10,535


Page 5

 
NEOFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
1,332
405

Corporation tax
10,682
16,601

Other taxation and social security
1,571
4,079

Other creditors
9,596
33,428

Accruals and deferred income
4,550
5,613

27,731
60,126



7.


DEFERRED TAXATION




2023


£






Charged to profit or loss
(111)



AT END OF YEAR
(111)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(111)
-

(111)
-


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



76 (2022 - 76) Ordinary A shares of £1.00 each
76
76
24 (2022 - 24) Ordinary B shares of £1.00 each
24
24

100

100


 
Page 6