Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity21truefalse 04212270 2023-01-01 2023-12-31 04212270 2022-01-01 2022-12-31 04212270 2023-12-31 04212270 2022-12-31 04212270 c:Director1 2023-01-01 2023-12-31 04212270 d:FurnitureFittings 2023-01-01 2023-12-31 04212270 d:FurnitureFittings 2023-12-31 04212270 d:FurnitureFittings 2022-12-31 04212270 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04212270 d:ComputerEquipment 2023-01-01 2023-12-31 04212270 d:ComputerEquipment 2023-12-31 04212270 d:ComputerEquipment 2022-12-31 04212270 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04212270 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04212270 d:CurrentFinancialInstruments 2023-12-31 04212270 d:CurrentFinancialInstruments 2022-12-31 04212270 d:Non-currentFinancialInstruments 2023-12-31 04212270 d:Non-currentFinancialInstruments 2022-12-31 04212270 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04212270 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04212270 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04212270 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04212270 d:ShareCapital 2023-12-31 04212270 d:ShareCapital 2022-12-31 04212270 d:CapitalRedemptionReserve 2023-12-31 04212270 d:CapitalRedemptionReserve 2022-12-31 04212270 d:RetainedEarningsAccumulatedLosses 2023-12-31 04212270 d:RetainedEarningsAccumulatedLosses 2022-12-31 04212270 c:FRS102 2023-01-01 2023-12-31 04212270 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04212270 c:FullAccounts 2023-01-01 2023-12-31 04212270 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04212270 6 2023-01-01 2023-12-31 04212270 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04212270







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


STONESHOT LIMITED






































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STONESHOT LIMITED
REGISTERED NUMBER:04212270



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,311
5,117

Investments
 5 
60
60

  
2,371
5,177

Current assets
  

Debtors: amounts falling due within one year
 6 
693,370
922,931

Cash at bank and in hand
  
130,627
144,399

  
823,997
1,067,330

Creditors: amounts falling due within one year
 7 
(441,758)
(608,094)

Net current assets
  
 
 
382,239
 
 
459,236

Total assets less current liabilities
  
384,610
464,413

Creditors: amounts falling due after more than one year
  
(62,333)
(197,256)

Provisions for liabilities
  

Deferred tax
  
(343)
(972)

  
 
 
(343)
 
 
(972)

Net assets
  
321,934
266,185


Capital and reserves
  

Called up share capital 
  
60
60

Capital redemption reserve
  
40
40

Profit and loss account
  
321,834
266,085

  
321,934
266,185


Page 1

 


STONESHOT LIMITED
REGISTERED NUMBER:04212270


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 by: 




................................................
G L John
Director

Date: 24 July 2024

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

Page 2

 


STONESHOT LIMITED
 


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

1.


General information

Stoneshot Limited 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

Preparation of consolidated financial statements

The financial statements contain information about Stoneshot Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

 
2.3

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'.

Page 3

 


STONESHOT LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

Page 4

 


STONESHOT LIMITED
 


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

2.Accounting policies (continued)

 
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.

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:

Fixtures and fittings
-
20%
on cost
Computer equipment
-
33%
on cost

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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 21 (2022 - 21).

Page 5

 


STONESHOT LIMITED
 


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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
36,302
215,859
252,161


Additions
-
1,791
1,791


Disposals
(14,216)
(176,977)
(191,193)



At 31 December 2023

22,086
40,673
62,759



Depreciation


At 1 January 2023
35,782
211,262
247,044


Charge for the year on owned assets
245
4,352
4,597


Disposals
(14,216)
(176,977)
(191,193)



At 31 December 2023

21,811
38,637
60,448



Net book value



At 31 December 2023
275
2,036
2,311



At 31 December 2022
520
4,597
5,117


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 January 2023
60



At 31 December 2023
60




Page 6

 


STONESHOT LIMITED
 


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

6.


Debtors

2023
2022
£
£


Trade debtors
57,949
206,427

Amounts owed by group undertakings
595,651
575,320

Other debtors
10,879
10,879

Prepayments and accrued income
28,891
54,377

Tax recoverable
-
75,928

693,370
922,931



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
134,712
142,653

Trade creditors
58,343
177,654

Corporation tax
66,162
46,601

Other taxation and social security
59,743
60,279

Other creditors
5,025
5,025

Accruals and deferred income
117,773
175,882

441,758
608,094



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
62,333
197,256

62,333
197,256



9.


Related party transactions

At the balance sheet date the company is owed £595,651 from related parties. The balance can be found within debtors due within one year. 

 
Page 7