Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31true42022-04-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13394362 2022-04-01 2023-03-31 13394362 2021-05-13 2022-03-31 13394362 2023-03-31 13394362 2022-03-31 13394362 c:Director2 2022-04-01 2023-03-31 13394362 d:OfficeEquipment 2022-04-01 2023-03-31 13394362 d:OfficeEquipment 2023-03-31 13394362 d:OfficeEquipment 2022-03-31 13394362 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13394362 d:ComputerEquipment 2022-04-01 2023-03-31 13394362 d:ComputerEquipment 2023-03-31 13394362 d:ComputerEquipment 2022-03-31 13394362 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13394362 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13394362 d:CurrentFinancialInstruments 2023-03-31 13394362 d:CurrentFinancialInstruments 2022-03-31 13394362 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13394362 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13394362 d:ShareCapital 2023-03-31 13394362 d:ShareCapital 2022-03-31 13394362 d:RetainedEarningsAccumulatedLosses 2023-03-31 13394362 d:RetainedEarningsAccumulatedLosses 2022-03-31 13394362 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13394362 c:OrdinaryShareClass1 2023-03-31 13394362 c:OrdinaryShareClass1 2022-03-31 13394362 c:FRS102 2022-04-01 2023-03-31 13394362 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13394362 c:FullAccounts 2022-04-01 2023-03-31 13394362 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13394362 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13394362










JOURNEY DIGITAL EMEA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JOURNEY DIGITAL EMEA LIMITED
REGISTERED NUMBER: 13394362

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,822
4,460

  
4,822
4,460

Current assets
  

Debtors: amounts falling due within one year
 5 
10,476
2,656

Cash at bank and in hand
 6 
15,770
13,922

  
26,246
16,578

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(35,391)
(25,065)

Net current liabilities
  
 
 
(9,145)
 
 
(8,487)

Total assets less current liabilities
  
(4,323)
(4,027)

Provisions for liabilities
  

Deferred tax
  
(1,206)
-

  
 
 
(1,206)
 
 
-

Net liabilities
  
(5,529)
(4,027)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(5,629)
(4,127)

  
(5,529)
(4,027)


Page 1

 
JOURNEY DIGITAL EMEA LIMITED
REGISTERED NUMBER: 13394362

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 by: 




D W Tatana
Director

Date: 10 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JOURNEY DIGITAL EMEA LIMITED
 

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

1.


General information

Journey Digital EMEA Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13394362 and registered office address is C/O James Cowper Kreston, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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

Going concern

Journey Digital Limited, a company registered in New Zealand, has committed to providing sufficient support to the company to enable it to continue for a period of at least twelve months from when the financial statements are signed.

 
2.3

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

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.

Page 3

 
JOURNEY DIGITAL EMEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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 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:

Office equipment
-
20%
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.

 
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.

Page 4

 
JOURNEY DIGITAL EMEA LIMITED
 

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

2.Accounting policies (continued)

 
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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).

Page 5

 
JOURNEY DIGITAL EMEA LIMITED
 

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

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
-
5,394
5,394


Additions
2,425
-
2,425



At 31 March 2023

2,425
5,394
7,819



Depreciation


At 1 April 2022
-
934
934


Charge for the year on owned assets
283
1,780
2,063



At 31 March 2023

283
2,714
2,997



Net book value



At 31 March 2023
2,142
2,680
4,822


5.


Debtors

2023
2022
£
£


Other debtors
10,476
2,656



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,770
13,922


Page 6

 
JOURNEY DIGITAL EMEA LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,216
-

Amounts owed to Journey Digital Limited
5,961
12,479

Corporation tax
560
1,191

Other taxation and social security
20,851
6,707

Other creditors
2,303
2,188

Accruals and deferred income
2,500
2,500

35,391
25,065



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,842 (2022: £1,438). Contributions totalling £1,258 (2022: £1,138) were payable to the fund at the balance sheet date and are included in creditors.


10.


Controlling party

The Company is controlled by Journey Digital Limited, a company registered in New Zealand.


Page 7