Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueBusiness consultancy services and the sale of wine2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10571605 2023-04-01 2024-03-31 10571605 2022-04-01 2023-03-31 10571605 2024-03-31 10571605 2023-03-31 10571605 c:Director1 2023-04-01 2024-03-31 10571605 d:PlantMachinery 2023-04-01 2024-03-31 10571605 d:PlantMachinery 2024-03-31 10571605 d:PlantMachinery 2023-03-31 10571605 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10571605 d:FurnitureFittings 2023-04-01 2024-03-31 10571605 d:FurnitureFittings 2024-03-31 10571605 d:FurnitureFittings 2023-03-31 10571605 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10571605 d:OfficeEquipment 2023-04-01 2024-03-31 10571605 d:OfficeEquipment 2024-03-31 10571605 d:OfficeEquipment 2023-03-31 10571605 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10571605 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10571605 d:CurrentFinancialInstruments 2024-03-31 10571605 d:CurrentFinancialInstruments 2023-03-31 10571605 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10571605 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10571605 d:ShareCapital 2024-03-31 10571605 d:ShareCapital 2023-03-31 10571605 d:RetainedEarningsAccumulatedLosses 2024-03-31 10571605 d:RetainedEarningsAccumulatedLosses 2023-03-31 10571605 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10571605 c:OrdinaryShareClass1 2024-03-31 10571605 c:OrdinaryShareClass1 2023-03-31 10571605 c:FRS102 2023-04-01 2024-03-31 10571605 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10571605 c:FullAccounts 2023-04-01 2024-03-31 10571605 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10571605 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10571605









TWO BLUES CAMBRIDGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TWO BLUES CAMBRIDGE LIMITED
REGISTERED NUMBER: 10571605

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
6,638
8,460

CURRENT ASSETS
  

Stocks
  
5,952
-

Debtors: amounts falling due within one year
 5 
6,437
7,200

Cash at bank and in hand
  
15,953
23,416

  
28,342
30,616

Creditors: amounts falling due within one year
 6 
(15,875)
(17,333)

NET CURRENT ASSETS
  
 
 
12,467
 
 
13,283

  

NET ASSETS
  
19,105
21,743


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
19,005
21,643

  
19,105
21,743


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
TWO BLUES CAMBRIDGE LIMITED
REGISTERED NUMBER: 10571605
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J Macklin
Director

Date: 26 July 2024

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

Page 2

 
TWO BLUES CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Two Blues Cambridge Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Marlbank Farmhouse, Welland, Malvern, WR13 6NB.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of business consultancy services supplied during the year, exclusive of Value Added Tax. Revenue is recognised as the fair value of consideration received or receivable and is recognised on completion of the work carried out.

 
2.3

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

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.

Page 3

 
TWO BLUES CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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:

Plant and machinery
-
25%
Fixtures and fittings
-
5%
Office equipment and furniture
-
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.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
TWO BLUES CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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 - 2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment and furniture
Total

£
£
£
£



COST OR VALUATION


At 1 April 2023
5,500
5,824
2,660
13,984



At 31 March 2024

5,500
5,824
2,660
13,984



DEPRECIATION


At 1 April 2023
2,750
582
2,192
5,524


Charge for the year on owned assets
1,375
291
156
1,822



At 31 March 2024

4,125
873
2,348
7,346



NET BOOK VALUE



At 31 March 2024
1,375
4,951
312
6,638



At 31 March 2023
2,750
5,242
468
8,460

Page 5

 
TWO BLUES CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
4,661
4,109

Other debtors
326
-

Prepayments and accrued income
1,450
3,091

6,437
7,200



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
187
546

Trade creditors
-
105

Corporation tax
428
1,841

Other taxation and social security
-
43

Other creditors
13,185
12,873

Accruals and deferred income
2,075
1,925

15,875
17,333



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1 each
100
100


 
Page 6