Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-11-01falsefalseNo description of principal activity11 12942632 2022-11-01 2023-10-31 12942632 2021-11-01 2022-10-31 12942632 2023-10-31 12942632 2022-10-31 12942632 c:Director1 2022-11-01 2023-10-31 12942632 d:ComputerSoftware 2023-10-31 12942632 d:ComputerSoftware 2022-10-31 12942632 d:CurrentFinancialInstruments 2023-10-31 12942632 d:CurrentFinancialInstruments 2022-10-31 12942632 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12942632 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12942632 d:ShareCapital 2023-10-31 12942632 d:ShareCapital 2022-10-31 12942632 d:RetainedEarningsAccumulatedLosses 2023-10-31 12942632 d:RetainedEarningsAccumulatedLosses 2022-10-31 12942632 c:FRS102 2022-11-01 2023-10-31 12942632 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12942632 c:FullAccounts 2022-11-01 2023-10-31 12942632 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12942632 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-11-01 2023-10-31 12942632 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-01 2023-10-31 12942632 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 12942632







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


TRADERS ISLAND LTD






































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TRADERS ISLAND LTD
REGISTERED NUMBER:12942632



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
8,037
-

  
8,037
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1

Cash at bank and in hand
  
151
-

  
151
1

Creditors: amounts falling due within one year
  
(5,551)
-

Net current (liabilities)/assets
  
 
 
(5,400)
 
 
1

Total assets less current liabilities
  
2,637
1

  

Net assets
  
2,637
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,636
-

  
2,637
1


Page 1

 


TRADERS ISLAND LTD
REGISTERED NUMBER:12942632


    
STATEMENT OF FINANCIAL POSITION (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 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: 




................................................
J Assi
Director

Date: 29 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TRADERS ISLAND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Traders Island Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£). 

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.

Page 3

 


TRADERS ISLAND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

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 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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.


3.


Employees

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

Page 4

 


TRADERS ISLAND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Intangible assets




Computer software

£



Cost


Additions
8,930



At 31 October 2023

8,930



Amortisation


Charge for the year on owned assets
893



At 31 October 2023

893



Net book value



At 31 October 2023
8,037



At 31 October 2022
-




5.


Debtors

2023
2022
£
£


Other debtors
-
1

-
1



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
731
-

Other creditors
4,220
-

Accruals and deferred income
600
-

5,551
-


Page 5

 


TRADERS ISLAND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Related party transactions

At the balance sheet date the company owed £4,220 (2022: £Nil) to the director. The balance can be found within creditors due within one year. No interest is being charged on this balance and it is repayable on demand.

 
Page 6