Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-312023-02-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11129962 2023-02-01 2024-01-31 11129962 2022-02-01 2023-01-31 11129962 2024-01-31 11129962 2023-01-31 11129962 c:Director1 2023-02-01 2024-01-31 11129962 d:FurnitureFittings 2023-02-01 2024-01-31 11129962 d:FurnitureFittings 2024-01-31 11129962 d:FurnitureFittings 2023-01-31 11129962 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11129962 d:OfficeEquipment 2023-02-01 2024-01-31 11129962 d:OfficeEquipment 2024-01-31 11129962 d:OfficeEquipment 2023-01-31 11129962 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11129962 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11129962 d:CurrentFinancialInstruments 2024-01-31 11129962 d:CurrentFinancialInstruments 2023-01-31 11129962 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11129962 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11129962 d:ShareCapital 2024-01-31 11129962 d:ShareCapital 2023-01-31 11129962 d:RetainedEarningsAccumulatedLosses 2024-01-31 11129962 d:RetainedEarningsAccumulatedLosses 2023-01-31 11129962 c:FRS102 2023-02-01 2024-01-31 11129962 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11129962 c:FullAccounts 2023-02-01 2024-01-31 11129962 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11129962 2 2023-02-01 2024-01-31 11129962 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11129962









AMT DIGITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
AMT DIGITAL LIMITED
REGISTERED NUMBER: 11129962

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,776
4,921

  
6,776
4,921

Current assets
  

Debtors: amounts falling due within one year
 5 
190,291
177,170

Cash at bank and in hand
 6 
569,374
271,658

  
759,665
448,828

Creditors: amounts falling due within one year
 7 
(286,781)
(169,654)

Net current assets
  
 
 
472,884
 
 
279,174

Total assets less current liabilities
  
479,660
284,095

  

Net assets
  
479,660
284,095


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
479,560
283,995

  
479,660
284,095


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 profit and loss account 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 12 April 2024.



Page 1

 
AMT DIGITAL LIMITED
REGISTERED NUMBER: 11129962
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


V A Taiwo
Director

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

Page 2

 
AMT DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

AMT Digital Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is that of IT Consultancy.

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

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
AMT DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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

Interest income

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

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
AMT DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
Office equipment
-
25%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 5

 
AMT DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
350
8,026
8,376


Additions
-
4,114
4,114



At 31 January 2024

350
12,140
12,490



Depreciation


At 1 February 2023
203
3,252
3,455


Charge for the year on owned assets
37
2,222
2,259



At 31 January 2024

240
5,474
5,714



Net book value



At 31 January 2024
110
6,666
6,776



At 31 January 2023
147
4,774
4,921


5.


Debtors

2024
2023
£
£


Trade debtors
136,439
108,356

Other debtors
53,852
68,814

190,291
177,170



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
569,374
271,658

569,374
271,658


Page 6

 
AMT DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
213,910
128,107

Corporation tax
72,871
41,547

286,781
169,654



8.


Pension commitments

 
Page 7