Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseThe principal activities of the company during the period were developing sustainable products and processes for applicaiton in a range of consumer and industrial sectors.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10512601 2023-01-01 2023-12-31 10512601 2022-01-01 2022-12-31 10512601 2023-12-31 10512601 2022-12-31 10512601 c:Director1 2023-01-01 2023-12-31 10512601 d:PlantMachinery 2023-01-01 2023-12-31 10512601 d:PlantMachinery 2023-12-31 10512601 d:PlantMachinery 2022-12-31 10512601 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10512601 d:CurrentFinancialInstruments 2023-12-31 10512601 d:CurrentFinancialInstruments 2022-12-31 10512601 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10512601 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10512601 d:ShareCapital 2023-12-31 10512601 d:ShareCapital 2022-12-31 10512601 d:RetainedEarningsAccumulatedLosses 2023-12-31 10512601 d:RetainedEarningsAccumulatedLosses 2022-12-31 10512601 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10512601 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10512601 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10512601 c:OrdinaryShareClass1 2023-12-31 10512601 c:OrdinaryShareClass1 2022-12-31 10512601 c:FRS102 2023-01-01 2023-12-31 10512601 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10512601 c:FullAccounts 2023-01-01 2023-12-31 10512601 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10512601 2 2023-01-01 2023-12-31 10512601 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10512601









TRIPLE LINE TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TRIPLE LINE TECHNOLOGY LIMITED
REGISTERED NUMBER: 10512601

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,623
1,926

  
1,623
1,926

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
6,113
26,194

Cash at bank and in hand
  
67,811
97,238

  
73,924
123,432

Creditors: amounts falling due within one year
 6 
(48,158)
(54,214)

NET CURRENT ASSETS
  
 
 
25,766
 
 
69,218

TOTAL ASSETS LESS CURRENT LIABILITIES
  
27,389
71,144

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
(366)
(366)

NET ASSETS
  
27,023
70,778


CAPITAL AND RESERVES
  

Called up share capital 
 8 
2
2

Profit and loss account
  
27,021
70,776

  
27,023
70,778


Page 1

 
TRIPLE LINE TECHNOLOGY LIMITED
REGISTERED NUMBER: 10512601
    
BALANCE SHEET (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 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: 






Dr M Gothard
Director

Date: 10 June 2024

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

Page 2

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Triple Line Technology Limited is a private company limited by shares and incorporated in England and Wales.Its registered office is 46 Fanshawe Road, Cambridge, CB1 3QY.
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 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.

 
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.

 
2.3

TURNOVER

Turnover is recognised on a project by project basis dependant on the terms agreed or from licensing revenues, exclusive of Value Added Tax.

 
2.4

INTEREST INCOME

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

Page 3

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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%
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.

 
2.7

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.

Page 4

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
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.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 January 2023
3,185


Additions
416



At 31 December 2023

3,601



DEPRECIATION


At 1 January 2023
1,259


Charge for the year on owned assets
719



At 31 December 2023

1,978



NET BOOK VALUE



At 31 December 2023
1,623



At 31 December 2022
1,926

Page 5

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


DEBTORS

2023
2022
£
£


Other debtors
6,111
2,198

Called up share capital not paid
2
2

Prepayments and accrued income
-
23,994

6,113
26,194



6.


CREDITORS:  AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other creditors
45,805
45,181

Accruals and deferred income
2,353
9,033

48,158
54,214



7.


DEFERRED TAXATION




2023


£






At beginning of year
(366)



AT END OF YEAR
(366)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(366)
(366)

(366)
(366)

Page 6

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND PARTLY PAID



2 (2022 - 2) Ordinary shares shares of £1.00 each
2
2


 
Page 7