Caseware UK (AP4) 2023.0.135 2023.0.135 trueNo description of principal activityfalse2023-01-01false1212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01424032 2023-01-01 2023-12-31 01424032 2022-01-01 2022-12-31 01424032 2023-12-31 01424032 2022-12-31 01424032 2022-01-01 01424032 c:Director1 2023-01-01 2023-12-31 01424032 d:Buildings 2023-01-01 2023-12-31 01424032 d:Buildings 2023-12-31 01424032 d:Buildings 2022-12-31 01424032 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01424032 d:MotorVehicles 2023-01-01 2023-12-31 01424032 d:MotorVehicles 2023-12-31 01424032 d:MotorVehicles 2022-12-31 01424032 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01424032 d:FurnitureFittings 2023-01-01 2023-12-31 01424032 d:FurnitureFittings 2023-12-31 01424032 d:FurnitureFittings 2022-12-31 01424032 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01424032 d:ComputerEquipment 2023-01-01 2023-12-31 01424032 d:ComputerEquipment 2023-12-31 01424032 d:ComputerEquipment 2022-12-31 01424032 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01424032 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01424032 d:ComputerSoftware 2023-12-31 01424032 d:ComputerSoftware 2022-12-31 01424032 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 01424032 d:CurrentFinancialInstruments 2023-12-31 01424032 d:CurrentFinancialInstruments 2022-12-31 01424032 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01424032 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01424032 d:ShareCapital 2023-12-31 01424032 d:ShareCapital 2022-12-31 01424032 d:RetainedEarningsAccumulatedLosses 2023-12-31 01424032 d:RetainedEarningsAccumulatedLosses 2022-12-31 01424032 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01424032 c:OrdinaryShareClass1 2023-12-31 01424032 c:OrdinaryShareClass1 2022-12-31 01424032 c:OrdinaryShareClass2 2023-01-01 2023-12-31 01424032 c:OrdinaryShareClass2 2023-12-31 01424032 c:OrdinaryShareClass2 2022-12-31 01424032 c:FRS102 2023-01-01 2023-12-31 01424032 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01424032 c:FullAccounts 2023-01-01 2023-12-31 01424032 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01424032 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01424032 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 01424032 d:OtherDeferredTax 2023-12-31 01424032 d:OtherDeferredTax 2022-12-31 01424032 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 01424032 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01424032










TDI TREMIVER LTD.








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 December 2023

 
TDI TREMIVER LTD.
Registered number: 01424032

STATEMENT OF FINANCIAL POSITION
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,703
23,691

Tangible assets
 5 
8,665
10,831

  
27,368
34,522

Current assets
  

Stocks
  
494,136
441,028

Debtors: amounts falling due within one year
 6 
487,481
668,904

Cash at bank and in hand
  
209,117
257,339

  
1,190,734
1,367,271

Creditors: amounts falling due within one year
 7 
(429,113)
(641,899)

Net current assets
  
 
 
761,621
 
 
725,372

Total assets less current liabilities
  
788,989
759,894

Provisions for liabilities
  

Deferred tax
 8 
(3,378)
(4,774)

  
 
 
(3,378)
 
 
(4,774)

Net assets
  
785,611
755,120


Capital and reserves
  

Called up share capital 
 9 
100,000
100,000

Profit and loss account
  
685,611
655,120

  
785,611
755,120

Page 1

 
TDI TREMIVER LTD.
Registered number: 01424032
    
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: 




A L S Baker
Director

Date: 2 August 2024

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

1.


General information

TDI Tremiver Ltd. (01424032), is a private company limited by shares. It is incorporated in England & Wales and its registered office address is West Farm, Popham, Winchester, Hampshire, SO21 3BH. 

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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 3

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below..

Depreciation is provided on the following basis:

Improvements to property
-
5%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
15%
reducing balance or 25% straight line
Computer equipment
-
25%
reducing balance

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.

 
2.4

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.

 The estimated useful lives range as follows:

Computer software
-
5
years

 
2.5

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.
At each reporting 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.

 
2.6

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.

Page 4

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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.

 
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 5

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.13

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.

Page 6

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).

Page 7

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
24,938



At 31 December 2023

24,938



Amortisation


At 1 January 2023
1,247


Charge for the year on owned assets
4,988



At 31 December 2023

6,235



Net book value



At 31 December 2023
18,703



At 31 December 2022
23,691



Page 8

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Improvem't to property
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
30,640
55,770
37,892
722
125,024


Disposals
-
(15,550)
-
-
(15,550)



At 31 December 2023

30,640
40,220
37,892
722
109,474



Depreciation


At 1 January 2023
30,222
51,127
32,146
698
114,193


Charge for the year on owned assets
167
1,037
836
5
2,045


Disposals
-
(15,429)
-
-
(15,429)



At 31 December 2023

30,389
36,735
32,982
703
100,809



Net book value



At 31 December 2023
251
3,485
4,910
19
8,665



At 31 December 2022
418
4,643
5,746
24
10,831

Page 9

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
475,138
602,373

Other debtors
-
54,786

Prepayments and accrued income
12,343
11,745

487,481
668,904



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
324,483
446,715

Corporation tax
39,962
60,204

Other taxation and social security
52,233
52,549

Other creditors
10,635
77,961

Accruals and deferred income
1,800
4,470

429,113
641,899


Page 10

 
TDI TREMIVER LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023

8.


Deferred taxation




2023
2022


£

£






At beginning of year
(4,774)
(3,735)


Charged to profit or loss
1,396
(1,039)



At end of year
(3,378)
(4,774)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,440)
(4,774)

Short term timing differences
62
-

(3,378)
(4,774)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50,000 (2022 - 50,000) Ordinary shares of £1 each
50,000
50,000
50,000 (2022 - 50,000) Ordinary non-voting shares of £1 each
50,000
50,000

100,000

100,000



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,140 (2022 - £17,666). There were outstanding employee and employer contributions of £574 at the year end (2022 - £nil).

 
Page 11