Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31112022-11-01falseThe principal activity of the company is other information service activities not elsewhere classified.6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10416637 2022-11-01 2023-10-31 10416637 2021-11-01 2022-10-31 10416637 2023-10-31 10416637 2022-10-31 10416637 c:Director1 2022-11-01 2023-10-31 10416637 d:PlantMachinery 2022-11-01 2023-10-31 10416637 d:PlantMachinery 2023-10-31 10416637 d:PlantMachinery 2022-10-31 10416637 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10416637 d:OfficeEquipment 2022-11-01 2023-10-31 10416637 d:OfficeEquipment 2023-10-31 10416637 d:OfficeEquipment 2022-10-31 10416637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10416637 d:ComputerEquipment 2022-11-01 2023-10-31 10416637 d:ComputerEquipment 2023-10-31 10416637 d:ComputerEquipment 2022-10-31 10416637 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10416637 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10416637 d:CurrentFinancialInstruments 2023-10-31 10416637 d:CurrentFinancialInstruments 2022-10-31 10416637 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10416637 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10416637 d:ShareCapital 2023-10-31 10416637 d:ShareCapital 2022-10-31 10416637 d:SharePremium 2023-10-31 10416637 d:SharePremium 2022-10-31 10416637 d:RetainedEarningsAccumulatedLosses 2023-10-31 10416637 d:RetainedEarningsAccumulatedLosses 2022-10-31 10416637 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10416637 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 10416637 d:OtherDeferredTax 2023-10-31 10416637 d:OtherDeferredTax 2022-10-31 10416637 c:OrdinaryShareClass1 2022-11-01 2023-10-31 10416637 c:OrdinaryShareClass1 2023-10-31 10416637 c:OrdinaryShareClass1 2022-10-31 10416637 c:FRS102 2022-11-01 2023-10-31 10416637 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10416637 c:FullAccounts 2022-11-01 2023-10-31 10416637 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10416637 2 2022-11-01 2023-10-31 10416637 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10416637









ORCA SCAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ORCA SCAN LIMITED
REGISTERED NUMBER: 10416637

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
59,434
70,553

  
59,434
70,553

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
112,814
93,485

Cash at bank and in hand
  
392,467
337,031

  
505,281
430,516

Creditors: amounts falling due within one year
 6 
(137,588)
(112,112)

NET CURRENT ASSETS
  
 
 
367,693
 
 
318,404

TOTAL ASSETS LESS CURRENT LIABILITIES
  
427,127
388,957

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
-
(17,528)

  
 
 
-
 
 
(17,528)

NET ASSETS
  
427,127
371,429


CAPITAL AND RESERVES
  

Called up share capital 
 8 
108
108

Share premium account
  
70,064
70,064

Profit and loss account
  
356,955
301,257

  
427,127
371,429


Page 1

 
ORCA SCAN LIMITED
REGISTERED NUMBER: 10416637
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 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 by: 




J I Doherty
Director

Date: 31 July 2024

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

Page 2

 
ORCA SCAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


GENERAL INFORMATION

Orca Scan Limited is a private limited company limited by shares and incorporated in England and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA. 
On 8 November 2022 the Company name was changed from Cambridge App Lab Limited to Orca Scan Limited.

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

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'.

 
2.3

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.
Turnover from license sales is recognised in the Profit and Loss Account on a monthly basis over the period that the license covers.

Page 3

 
ORCA SCAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

RESEARCH AND DEVELOPMENT

Research and development costs are written off to the Profit and Loss Account in the period in which they are incurred.

 
2.5

INTEREST INCOME

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

 
2.6

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.

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.8

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

 
ORCA SCAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.8
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:

Plant and machinery
-
33%
straight-line
Office equipment
-
33%
straight-line
Computer equipment
-
33%
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.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 11 (2022 - 6).

Page 5

 
ORCA SCAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



COST 


At 1 November 2022
3,978
10,519
68,615
83,112


Additions
-
2,005
25,175
27,180


Disposals
(3,776)
(1,573)
(5,969)
(11,318)



At 31 October 2023

202
10,951
87,821
98,974



DEPRECIATION


At 1 November 2022
109
713
11,737
12,559


Charge for the year on owned assets
68
2,994
24,251
27,313


Disposals
(104)
(43)
(185)
(332)



At 31 October 2023

73
3,664
35,803
39,540



NET BOOK VALUE



At 31 October 2023
129
7,287
52,018
59,434



At 31 October 2022
3,869
9,806
56,878
70,553


5.


DEBTORS

2023
2022
£
£


Trade debtors
-
436

Other debtors
11,697
19,891

Prepayments and accrued income
7,350
38,874

Tax recoverable
93,767
34,284

112,814
93,485


Page 6

 
ORCA SCAN 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
3,697
1,380

Corporation tax
-
17,014

Other taxation and social security
16,764
11,221

Other creditors
2,176
934

Accruals and deferred income
114,951
81,563

137,588
112,112


Other creditors include contributions of £2,099 (2022 - £930) payable to the Company's defined contribution pension scheme at the balance sheet date.


7.


DEFERRED TAXATION




2023


£






At beginning of year
(17,528)


Charged to profit or loss
17,528



AT END OF YEAR
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(17,638)

Other short-term timing differences
-
110

-
(17,528)


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



108,239 (2022 - 108,239) Ordinary shares of £0.001 each
108
108


 
Page 7