Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31truefalseNo description of principal activity12022-08-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08614772 2022-08-01 2023-07-31 08614772 2021-08-01 2022-07-31 08614772 2023-07-31 08614772 2022-07-31 08614772 c:Director1 2022-08-01 2023-07-31 08614772 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 08614772 d:Buildings d:LongLeaseholdAssets 2023-07-31 08614772 d:Buildings d:LongLeaseholdAssets 2022-07-31 08614772 d:PlantMachinery 2022-08-01 2023-07-31 08614772 d:PlantMachinery 2023-07-31 08614772 d:PlantMachinery 2022-07-31 08614772 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08614772 d:MotorVehicles 2022-08-01 2023-07-31 08614772 d:MotorVehicles 2023-07-31 08614772 d:MotorVehicles 2022-07-31 08614772 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08614772 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08614772 d:CurrentFinancialInstruments 2023-07-31 08614772 d:CurrentFinancialInstruments 2022-07-31 08614772 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08614772 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08614772 d:ShareCapital 2023-07-31 08614772 d:ShareCapital 2022-07-31 08614772 d:RetainedEarningsAccumulatedLosses 2023-07-31 08614772 d:RetainedEarningsAccumulatedLosses 2022-07-31 08614772 c:FRS102 2022-08-01 2023-07-31 08614772 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08614772 c:FullAccounts 2022-08-01 2023-07-31 08614772 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08614772 2 2022-08-01 2023-07-31 08614772 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 08614772 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 08614772 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 08614772










DIGITAL REMOTE AUTOMATION MOTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
REGISTERED NUMBER: 08614772

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
38,896
19,941

  
38,896
19,941

Current assets
  

Debtors: amounts falling due within one year
 5 
42,924
27,302

Cash at bank and in hand
  
90,728
126,713

  
133,652
154,015

Creditors: amounts falling due within one year
 6 
(39,272)
(48,898)

Net current assets
  
 
 
94,380
 
 
105,117

Total assets less current liabilities
  
133,276
125,058

Provisions for liabilities
  

Deferred tax
 7 
(3,646)
(4,985)

  
 
 
(3,646)
 
 
(4,985)

Net assets
  
129,630
120,073


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
129,530
119,973

  
129,630
120,073


Page 1

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
REGISTERED NUMBER: 08614772
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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: 






A I MacBride
Director
Date: 16 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Digital Remote Automation Motion Limited, (registered number 08614772), is a privately owned Company limited by shares and incorporated in England & Wales. The registered office is 5 Lake Farm Close, Hedge End, Southampton, Hampshire, SO30 4SB.

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

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.

 
2.3

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

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.3
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:

Long-term leasehold property
-
10% straight line
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line

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.

 
2.4

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.

 
2.5

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.

Page 4

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 5

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

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'.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 6

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

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

Page 7

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 August 2022
-
52,109
19,050
71,159


Additions
24,312
4,663
-
28,975



At 31 July 2023

24,312
56,772
19,050
100,134



Depreciation


At 1 August 2022
-
32,168
19,050
51,218


Charge for the year on owned assets
2,431
7,589
-
10,020



At 31 July 2023

2,431
39,757
19,050
61,238



Net book value



At 31 July 2023
21,881
17,015
-
38,896



At 31 July 2022
-
19,941
-
19,941


5.


Debtors

2023
2022
£
£


Trade debtors
40,817
27,302

Prepayments and accrued income
2,107
-

42,924
27,302


Page 8

 
DIGITAL REMOTE AUTOMATION MOTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
17,885
27,236

Other taxation and social security
13,470
8,970

Other creditors
5,167
4,019

Accruals and deferred income
2,750
8,673

39,272
48,898



7.


Deferred taxation




2023


£






At beginning of year
(4,985)


Charged to profit or loss
1,339



At end of year
(3,646)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,646)
(4,985)

(3,646)
(4,985)

 
Page 9