Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31trueNo description of principal activityfalse2022-07-22false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14250074 2022-07-21 14250074 2022-07-22 2023-07-31 14250074 2021-08-01 2022-07-21 14250074 2023-07-31 14250074 c:Director1 2022-07-22 2023-07-31 14250074 c:Director2 2022-07-22 2023-07-31 14250074 d:ComputerSoftware 2023-07-31 14250074 d:CurrentFinancialInstruments 2023-07-31 14250074 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14250074 d:ShareCapital 2023-07-31 14250074 d:RetainedEarningsAccumulatedLosses 2023-07-31 14250074 c:FRS102 2022-07-22 2023-07-31 14250074 c:AuditExempt-NoAccountantsReport 2022-07-22 2023-07-31 14250074 c:FullAccounts 2022-07-22 2023-07-31 14250074 c:PrivateLimitedCompanyLtd 2022-07-22 2023-07-31 14250074 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-07-22 2023-07-31 14250074 d:ComputerSoftware d:OwnedIntangibleAssets 2022-07-22 2023-07-31 14250074 e:PoundSterling 2022-07-22 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 14250074










DEER IMPACT SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
DEER IMPACT SOLUTIONS LIMITED
REGISTERED NUMBER: 14250074

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
952

  
952

Current assets
  

Debtors: amounts falling due within one year
  
1,440

Cash at bank and in hand
 6 
1,434

  
2,874

Creditors: amounts falling due within one year
 7 
(6,773)

Net current (liabilities)/assets
  
 
 
(3,899)

Total assets less current liabilities
  
(2,947)

Provisions for liabilities
  

Deferred tax
  
(560)

  
 
 
(560)

Net (liabilities)/assets
  
(3,507)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(3,509)

  
(3,507)


Page 1

 
DEER IMPACT SOLUTIONS LIMITED
REGISTERED NUMBER: 14250074
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 period 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 income statement 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: 




................................................
Andrew Johnson
................................................
Maks Rutland
Director
Director


Date: 14 April 2024

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

Page 2

 
DEER IMPACT SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Deer Impact Solutions Limited is a private company limited by shares and incorporated in England and Wales, registration number 14250074. The registered office is Lime Kiln Cottages Ixworth Road, Stowlangtoft, Bury St. Edmunds, England, IP31 3JU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Rendering of services

Turnover 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 turnover 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.

Page 3

 
DEER IMPACT SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period 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 reporting 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 reporting 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 reporting date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 4

 
DEER IMPACT SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its 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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
DEER IMPACT SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Intangible assets



Computer software

£



Cost


Additions
1,190



At 31 July 2023

1,190



Amortisation


Charge for the period on owned assets
238



At 31 July 2023

238



Net book value



At 31 July 2023
952




5.


Debtors

2023
£


Trade debtors
1,440

1,440


Page 6

 
DEER IMPACT SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,434

1,434



7.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
342

Other creditors
5,231

Accruals and deferred income
1,200

6,773



8.


Transactions with directors

Amounts owed to the directors as at 31st July 2023 totalled £5,231. The loans are interest free and repayable on demand.

Page 7