Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity74falsetrue 10850852 2022-04-01 2023-03-31 10850852 2021-04-01 2022-03-31 10850852 2023-03-31 10850852 2022-03-31 10850852 c:Director3 2022-04-01 2023-03-31 10850852 d:OfficeEquipment 2022-04-01 2023-03-31 10850852 d:OfficeEquipment 2023-03-31 10850852 d:OfficeEquipment 2022-03-31 10850852 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10850852 d:CurrentFinancialInstruments 2023-03-31 10850852 d:CurrentFinancialInstruments 2022-03-31 10850852 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10850852 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10850852 d:ShareCapital 2023-03-31 10850852 d:ShareCapital 2022-03-31 10850852 d:RetainedEarningsAccumulatedLosses 2023-03-31 10850852 d:RetainedEarningsAccumulatedLosses 2022-03-31 10850852 c:FRS102 2022-04-01 2023-03-31 10850852 c:Audited 2022-04-01 2023-03-31 10850852 c:FullAccounts 2022-04-01 2023-03-31 10850852 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10850852 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10850852









GOODHABITZ UK LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
GOODHABITZ UK LTD
REGISTERED NUMBER: 10850852

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,236
10,036

  
9,236
10,036

Current assets
  

Debtors: amounts falling due within one year
 5 
800,187
568,827

Cash at bank and in hand
 6 
159,978
122,235

  
960,165
691,062

Creditors: amounts falling due within one year
 7 
(928,384)
(672,243)

Net current assets
  
 
 
31,781
 
 
18,819

Total assets less current liabilities
  
41,017
28,855

  

Net assets
  
41,017
28,855


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
41,016
28,854

  
41,017
28,855


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: 




................................................
L M A G Van Der looij
Director

Date: 11 March 2024

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
GOODHABITZ UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Goodhabitz UK Limited is a company limited by shares, incorporated in England and Wales. The registered office is 52 Horseferry Road, London, SW1P 2AF.
The Company's principal activity is that of the provision of online training and development programmes for businesses.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is the annual subscriptions for the provision of online training and development programmes for businesses.  Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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.

Page 2

 
GOODHABITZ UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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.

 
2.6

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.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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

 
GOODHABITZ UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
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:

Office equipment
-
20%

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
GOODHABITZ UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 4).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
25,682


Additions
5,579



At 31 March 2023

31,261



Depreciation


At 1 April 2022
15,646


Charge for the year on owned assets
6,379



At 31 March 2023

22,025



Net book value



At 31 March 2023
9,236



At 31 March 2022
10,036


5.


Debtors

2023
2022
£
£


Trade debtors
358,235
311,243

Amounts owed by group undertakings
355,995
150,282

Other debtors
29,505
31,805

Prepayments and accrued income
56,452
75,497

800,187
568,827


Page 5

 
GOODHABITZ UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
159,978
122,235

159,978
122,235



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
66,914
41,489

Corporation tax
13,739
5,770

Other taxation and social security
50,428
38,426

Other creditors
49,780
14,385

Accruals and deferred income
747,523
572,173

928,384
672,243



8.


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 £5,887 (2022 - £3,740). Contributions totalling £3,029 (2022 - £2,740) were payable to the fund at the balance sheet date and are included in creditors.


9.


Auditor's information

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

The audit report was signed on 12 March 2024 by Michael Jacoby FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 6