Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311true2023-01-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06014474 2023-01-01 2023-12-31 06014474 2022-01-01 2022-12-31 06014474 2023-12-31 06014474 2022-12-31 06014474 c:Director1 2023-01-01 2023-12-31 06014474 d:PlantMachinery 2023-01-01 2023-12-31 06014474 d:PlantMachinery 2023-12-31 06014474 d:PlantMachinery 2022-12-31 06014474 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06014474 d:FurnitureFittings 2023-01-01 2023-12-31 06014474 d:FurnitureFittings 2023-12-31 06014474 d:FurnitureFittings 2022-12-31 06014474 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06014474 d:OfficeEquipment 2023-01-01 2023-12-31 06014474 d:OfficeEquipment 2023-12-31 06014474 d:OfficeEquipment 2022-12-31 06014474 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06014474 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06014474 d:CurrentFinancialInstruments 2023-12-31 06014474 d:CurrentFinancialInstruments 2022-12-31 06014474 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06014474 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06014474 d:ShareCapital 2023-12-31 06014474 d:ShareCapital 2022-12-31 06014474 d:RetainedEarningsAccumulatedLosses 2023-12-31 06014474 d:RetainedEarningsAccumulatedLosses 2022-12-31 06014474 c:FRS102 2023-01-01 2023-12-31 06014474 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06014474 c:FullAccounts 2023-01-01 2023-12-31 06014474 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06014474 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06014474










ZACHERINO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ZACHERINO LIMITED
REGISTERED NUMBER: 06014474

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,467
6,814

  
6,467
6,814

Current assets
  

Debtors: amounts falling due within one year
 5 
2,919
16,988

Cash at bank and in hand
  
4,222
7,378

  
7,141
24,366

Creditors: amounts falling due within one year
 6 
(3,355)
(16,688)

Net current assets
  
 
 
3,786
 
 
7,678

Total assets less current liabilities
  
10,253
14,492

Provisions for liabilities
  

Deferred tax
  
(709)
-

  
 
 
(709)
 
 
-

Net assets
  
9,544
14,492


Capital and reserves
  

Called up share capital 
  
1,001
1,001

Profit and loss account
  
8,543
13,491

  
9,544
14,492


Page 1

 
ZACHERINO LIMITED
REGISTERED NUMBER: 06014474
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 on 11 April 2024.




................................................
M Zacherino
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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 presentation currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.4

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 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.

 
1.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
33%
reducing balance

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.

Page 4

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.6

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.

 
1.7

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.

 
1.8

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.

 
1.9

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.

Page 5

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.10

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.

Financial instruments are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

 
1.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.


General information

Zacherino Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 06014474
The address of its Registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY 


3.


Employees

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


4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
5,855
2,172
10,025
18,052


Additions
-
843
1,639
2,482



At 31 December 2023

5,855
3,015
11,664
20,534



Depreciation


At 1 January 2023
4,317
1,309
5,612
11,238


Charge for the year on owned assets
385
427
2,017
2,829



At 31 December 2023

4,702
1,736
7,629
14,067



Net book value



At 31 December 2023
1,153
1,279
4,035
6,467



At 31 December 2022
1,538
863
4,413
6,814

Page 7

 
ZACHERINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
14,069

Amounts owed by related companies
2,919
2,919

2,919
16,988



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,496
-

Other creditors
239
15,188

Accruals and deferred income
1,620
1,500

3,355
16,688


 
Page 8