Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06751637 2023-01-01 2023-12-31 06751637 2022-01-01 2022-12-31 06751637 2023-12-31 06751637 2022-12-31 06751637 c:Director2 2023-01-01 2023-12-31 06751637 d:ComputerEquipment 2023-01-01 2023-12-31 06751637 d:ComputerEquipment 2023-12-31 06751637 d:ComputerEquipment 2022-12-31 06751637 d:CurrentFinancialInstruments 2023-12-31 06751637 d:CurrentFinancialInstruments 2022-12-31 06751637 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06751637 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06751637 d:ShareCapital 2023-12-31 06751637 d:ShareCapital 2022-12-31 06751637 d:RetainedEarningsAccumulatedLosses 2023-12-31 06751637 d:RetainedEarningsAccumulatedLosses 2022-12-31 06751637 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06751637 c:OrdinaryShareClass1 2023-12-31 06751637 c:OrdinaryShareClass1 2022-12-31 06751637 c:FRS102 2023-01-01 2023-12-31 06751637 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06751637 c:FullAccounts 2023-01-01 2023-12-31 06751637 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06751637 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06751637










ACCOUNTS PAYABLE NEWS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACCOUNTS PAYABLE NEWS LTD
REGISTERED NUMBER: 06751637

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
19,748
40,956

Cash at bank and in hand
  
121,654
110,091

  
141,402
151,047

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(40,098)
(57,613)

Net current assets
  
 
 
101,304
 
 
93,434

Total assets less current liabilities
  
101,304
93,434

  

Net assets
  
101,304
93,434


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
101,303
93,433

  
101,304
93,434


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ACCOUNTS PAYABLE NEWS LTD
REGISTERED NUMBER: 06751637

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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




E J Leith
Director

Date: 14 August 2024

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

Page 2

 
ACCOUNTS PAYABLE NEWS LTD
 

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

1.


General information

Accounts Payable News Ltd is a private Company limited by share capital and incorporated in England and Wales. The address of its registered office is 40 Caversham Road, Reading, Berkshire, RG1 7EB.

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

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.

 
2.3

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 for services supplied, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ACCOUNTS PAYABLE NEWS LTD
 

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

2.Accounting policies (continued)

 
2.5

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.

 
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:

Computer equipment
-
33%
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.

 
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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 

Page 4

 
ACCOUNTS PAYABLE NEWS LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
885



At 31 December 2023

885



Depreciation


At 1 January 2023
885



At 31 December 2023

885



Net book value



At 31 December 2023
-



At 31 December 2022
-

Page 5

 
ACCOUNTS PAYABLE NEWS LTD
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
15,600
28,056

Prepayments and accrued income
4,148
12,900

19,748
40,956



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
1,725
12,359

Amounts owed to group undertakings
1,080
-

Corporation tax
127
-

Other taxation and social security
4,690
4,864

Other creditors
23,000
30,925

Accruals and deferred income
9,476
9,465

40,098
57,613



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


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 charge represents contributions payable by the Company to the fund and amounted to £2,437 (2022: £1,134). Contributions totalling £Nil (2022: £557) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

The company is exempt under section 1A of FRS 102 from disclosing related party transactions with entities that are part of the group headed by Fiscalec Group Limited by virtue of FRS 102 Section 33.1A. 


10.


Controlling party

The immediate and ultimate Parent company is Fiscaltec Group Limited.

Page 6

 
ACCOUNTS PAYABLE NEWS LTD
 

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