Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2No description of principal activity2022-11-011falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08238731 2022-11-01 2023-10-31 08238731 2021-11-01 2022-10-31 08238731 2023-10-31 08238731 2022-10-31 08238731 c:Director2 2022-11-01 2023-10-31 08238731 d:OfficeEquipment 2022-11-01 2023-10-31 08238731 d:OfficeEquipment 2023-10-31 08238731 d:OfficeEquipment 2022-10-31 08238731 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08238731 d:CurrentFinancialInstruments 2023-10-31 08238731 d:CurrentFinancialInstruments 2022-10-31 08238731 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08238731 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08238731 d:ShareCapital 2023-10-31 08238731 d:ShareCapital 2022-10-31 08238731 d:RetainedEarningsAccumulatedLosses 2023-10-31 08238731 d:RetainedEarningsAccumulatedLosses 2022-10-31 08238731 c:FRS102 2022-11-01 2023-10-31 08238731 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08238731 c:FullAccounts 2022-11-01 2023-10-31 08238731 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08238731 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 08238731





CONNEXION SOFTWARE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023















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CONNEXION SOFTWARE LIMITED
REGISTERED NUMBER:08238731

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
366
765

  
366
765

Current assets
  

Debtors: amounts falling due within one year
 5 
1,635
11,315

Cash at bank and in hand
  
15,359
14,717

  
16,994
26,032

Creditors: amounts falling due within one year
 6 
(30,286)
(32,649)

Net current liabilities
  
 
 
(13,292)
 
 
(6,617)

Total assets less current liabilities
  
(12,926)
(5,852)

  

Net liabilities
  
(12,926)
(5,852)


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
(12,932)
(5,858)

  
(12,926)
(5,852)


Page 1

 
CONNEXION SOFTWARE LIMITED
REGISTERED NUMBER:08238731
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 year 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 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 25 July 2024.




Sandra Wright
Director

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

Page 2

 
CONNEXION SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Connexion Software Limited is a private company, limited by shares, domiciled in England. The registered office is 37 Raleigh Road, Ottery St Mary, Devon, EX11 1TG.

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

Going concern

The accounts at 31 October 2023 show a net liability position of £12,926. The directors fully support the company and it has adequate cashflow. Therefore, they have concluded it is a going concern.

 
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.

Page 3

 
CONNEXION SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
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.

 
2.5

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

 
CONNEXION SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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 Balance sheet 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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

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

 
CONNEXION SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
7,482



At 31 October 2023

7,482



Depreciation


At 1 November 2022
6,717


Charge for the year on owned assets
399



At 31 October 2023

7,116



Net book value



At 31 October 2023
366



At 31 October 2022
765




5.


Debtors

2023
2022
£
£


Trade debtors
1,506
10,996

Prepayments and accrued income
129
319

1,635
11,315


Page 6

 
CONNEXION SOFTWARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
44
22

Other taxation and social security
701
2,617

Other creditors
28,581
29,095

Accruals and deferred income
960
915

30,286
32,649


 
Page 7