Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-11-22No description of principal activity45truefalse 14497930 2022-11-21 14497930 2022-11-22 2024-03-31 14497930 2021-11-22 2022-11-21 14497930 2024-03-31 14497930 c:Director1 2022-11-22 2024-03-31 14497930 d:Buildings d:ShortLeaseholdAssets 2022-11-22 2024-03-31 14497930 d:Buildings d:ShortLeaseholdAssets 2024-03-31 14497930 d:PlantMachinery 2022-11-22 2024-03-31 14497930 d:PlantMachinery 2024-03-31 14497930 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-22 2024-03-31 14497930 d:FurnitureFittings 2022-11-22 2024-03-31 14497930 d:FurnitureFittings 2024-03-31 14497930 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-22 2024-03-31 14497930 d:OfficeEquipment 2022-11-22 2024-03-31 14497930 d:OfficeEquipment 2024-03-31 14497930 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-22 2024-03-31 14497930 d:OwnedOrFreeholdAssets 2022-11-22 2024-03-31 14497930 d:Goodwill 2022-11-22 2024-03-31 14497930 d:Goodwill 2024-03-31 14497930 d:CurrentFinancialInstruments 2024-03-31 14497930 d:Non-currentFinancialInstruments 2024-03-31 14497930 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14497930 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14497930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 14497930 d:ShareCapital 2024-03-31 14497930 d:RetainedEarningsAccumulatedLosses 2024-03-31 14497930 c:FRS102 2022-11-22 2024-03-31 14497930 c:AuditExempt-NoAccountantsReport 2022-11-22 2024-03-31 14497930 c:FullAccounts 2022-11-22 2024-03-31 14497930 c:PrivateLimitedCompanyLtd 2022-11-22 2024-03-31 14497930 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-11-22 2024-03-31 14497930 2 2022-11-22 2024-03-31 14497930 d:Goodwill d:OwnedIntangibleAssets 2022-11-22 2024-03-31 14497930 e:PoundSterling 2022-11-22 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14497930









COFF33 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
COFF33 LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8


 
COFF33 LTD
REGISTERED NUMBER: 14497930

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
116,375

Tangible assets
 5 
1,524,127

  
1,640,502

Current assets
  

Debtors: amounts falling due within one year
 6 
146,147

Cash at bank and in hand
 7 
28,648

  
174,795

Creditors: amounts falling due within one year
 8 
(1,666,097)

Net current (liabilities)/assets
  
 
 
(1,491,302)

Total assets less current liabilities
  
149,200

Creditors: amounts falling due after more than one year
 9 
(700,874)

  

Net (liabilities)/assets
  
(551,674)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(551,774)

  
(551,674)


Page 1

 
COFF33 LTD
REGISTERED NUMBER: 14497930
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 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: 




................................................
B Gill
Director

Date: 20 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

COFF33 Ltd is a private company, limited by shares, domiciled in England and Wales,
registration number 14497930. The registered office is 29 High Street, Brentwood, Essex CM14 4RG.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director considers it appropriate to prepare the financial statements on a going concern basis. 
The company continues to pay its debts as they fall due and retains the support of the director and shareholders.

 
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, 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.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

Page 3

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.

 
2.9

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 Statement of income and retained earnings 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.

 
2.10

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 4

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
Over term of lease
Plant and machinery
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Office equipment
-
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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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
Page 5

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 45.


4.


Intangible assets



Franchise Fees

£



Cost


Additions
133,000



At 31 March 2024

133,000



Amortisation


Charge for the period on owned assets
16,625



At 31 March 2024

16,625



Net book value



At 31 March 2024
116,375



Page 6

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


Additions
1,035,335
382,216
345,125
52,442
1,815,118



At 31 March 2024

1,035,335
382,216
345,125
52,442
1,815,118



Depreciation


Charge for the period on owned assets
101,125
90,474
86,281
13,111
290,991



At 31 March 2024

101,125
90,474
86,281
13,111
290,991



Net book value



At 31 March 2024
934,210
291,742
258,844
39,331
1,524,127


6.


Debtors

2024
£


Other debtors
98,822

Prepayments and accrued income
47,325

146,147



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
28,648

Less: bank overdrafts
(147,124)

(118,476)


Page 7

 
COFF33 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
147,124

Bank loans
158,556

Trade creditors
500,136

Other taxation and social security
8,498

Other creditors
787,107

Accruals and deferred income
64,676

1,666,097



9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
700,874

700,874



10.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
158,556


158,556


Amounts falling due 2-5 years

Bank loans
700,874


700,874


859,430


 
Page 8