Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2912023-03-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10034400 2023-03-01 2024-02-29 10034400 2022-03-01 2023-02-28 10034400 2024-02-29 10034400 2023-02-28 10034400 c:Director1 2023-03-01 2024-02-29 10034400 d:OfficeEquipment 2023-03-01 2024-02-29 10034400 d:OfficeEquipment 2024-02-29 10034400 d:OfficeEquipment 2023-02-28 10034400 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10034400 d:Goodwill 2023-03-01 2024-02-29 10034400 d:Goodwill 2024-02-29 10034400 d:Goodwill 2023-02-28 10034400 d:CurrentFinancialInstruments 2024-02-29 10034400 d:CurrentFinancialInstruments 2023-02-28 10034400 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10034400 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10034400 d:ShareCapital 2024-02-29 10034400 d:ShareCapital 2023-02-28 10034400 d:RetainedEarningsAccumulatedLosses 2024-02-29 10034400 d:RetainedEarningsAccumulatedLosses 2023-02-28 10034400 c:FRS102 2023-03-01 2024-02-29 10034400 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10034400 c:FullAccounts 2023-03-01 2024-02-29 10034400 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10034400 d:Goodwill d:OwnedIntangibleAssets 2023-03-01 2024-02-29 10034400 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10034400










NOORUL MALIK BRIDGE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
NOORUL MALIK BRIDGE LTD
REGISTERED NUMBER: 10034400

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,600
14,399

Tangible assets
 5 
4,587
9,282

  
17,187
23,681

Current assets
  

Cash at bank and in hand
 6 
177,237
139,325

  
177,237
139,325

Creditors: amounts falling due within one year
 7 
(33,269)
(24,977)

Net current assets
  
 
 
143,968
 
 
114,348

Total assets less current liabilities
  
161,155
138,029

  

Net assets
  
161,155
138,029


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
161,055
137,929

  
161,155
138,029


Page 1

 
NOORUL MALIK BRIDGE LTD
REGISTERED NUMBER: 10034400
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 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 on 14 August 2024.



Mr N Malik
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Noorul Malik Bridge Ltd is a private limited company incorporated in England and Wales, registration number 10034400. The registered office address is Acol Bridge Club 86, West End Land, West Hampstead NW6 2LX.

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:

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.

Page 3

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other 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:

Goodwill
-
10
years

 
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:

Office equipment
-
10%

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

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.

Page 4

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within 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 instrument is 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.


 

Page 5

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
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 1 (2023 - 1).

Page 6

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
18,000



At 29 February 2024

18,000



Amortisation


At 1 March 2023
3,600


Charge for the year on owned assets
1,800



At 29 February 2024

5,400



Net book value



At 29 February 2024
12,600



At 28 February 2023
14,400



Page 7

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Office equipment

£



Cost


At 1 March 2023
68,959


Additions
2,445



At 29 February 2024

71,404



Depreciation


At 1 March 2023
59,676


Charge for the year on owned assets
7,141



At 29 February 2024

66,817



Net book value



At 29 February 2024
4,587



At 28 February 2023
9,283


6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
177,237
139,325


Page 8

 
NOORUL MALIK BRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
13,408
7,408

Other taxation and social security
12,782
10,483

Other creditors
7
105

Accruals and deferred income
7,072
6,981

33,269
24,977



8.


Related party transactions

Included in other creditors is an interest free loan repayable on demand to the value of £7 (2023 - £105) owed to the director of the company.

 
Page 9