Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-0177truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07258496 2023-01-01 2023-12-31 07258496 2022-01-01 2022-12-31 07258496 2023-12-31 07258496 2022-12-31 07258496 c:Director2 2023-01-01 2023-12-31 07258496 d:MotorVehicles 2023-01-01 2023-12-31 07258496 d:MotorVehicles 2023-12-31 07258496 d:MotorVehicles 2022-12-31 07258496 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07258496 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07258496 d:FurnitureFittings 2023-01-01 2023-12-31 07258496 d:FurnitureFittings 2023-12-31 07258496 d:FurnitureFittings 2022-12-31 07258496 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07258496 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07258496 d:OfficeEquipment 2023-01-01 2023-12-31 07258496 d:OfficeEquipment 2023-12-31 07258496 d:OfficeEquipment 2022-12-31 07258496 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07258496 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07258496 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07258496 d:OtherPropertyPlantEquipment 2023-12-31 07258496 d:OtherPropertyPlantEquipment 2022-12-31 07258496 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07258496 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07258496 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07258496 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07258496 d:CurrentFinancialInstruments 2023-12-31 07258496 d:CurrentFinancialInstruments 2022-12-31 07258496 d:Non-currentFinancialInstruments 2023-12-31 07258496 d:Non-currentFinancialInstruments 2022-12-31 07258496 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07258496 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07258496 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07258496 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07258496 d:ShareCapital 2023-12-31 07258496 d:ShareCapital 2022-12-31 07258496 d:RetainedEarningsAccumulatedLosses 2023-12-31 07258496 d:RetainedEarningsAccumulatedLosses 2022-12-31 07258496 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07258496 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07258496 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07258496 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07258496 d:RetirementBenefitObligationsDeferredTax 2023-12-31 07258496 d:RetirementBenefitObligationsDeferredTax 2022-12-31 07258496 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07258496 c:OrdinaryShareClass1 2023-12-31 07258496 c:OrdinaryShareClass1 2022-12-31 07258496 c:FRS102 2023-01-01 2023-12-31 07258496 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07258496 c:FullAccounts 2023-01-01 2023-12-31 07258496 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07258496 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 07258496 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 07258496 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 07258496 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 07258496 2 2023-01-01 2023-12-31 07258496 6 2023-01-01 2023-12-31 07258496 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 07258496 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 07258496 d:LeasedAssetsHeldAsLessee 2023-12-31 07258496 d:LeasedAssetsHeldAsLessee 2022-12-31 07258496 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07258496










AUTEUR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AUTEUR LIMITED
REGISTERED NUMBER: 07258496

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
125,275
157,301

Investments
 5 
221,918
296,697

  
347,193
453,998

Current assets
  

Stocks
  
580,033
548,104

Debtors: amounts falling due within one year
 6 
114,994
172,710

Cash at bank and in hand
  
434,576
421,798

  
1,129,603
1,142,612

Creditors: amounts falling due within one year
 7 
(265,456)
(176,992)

Net current assets
  
 
 
864,147
 
 
965,620

Total assets less current liabilities
  
1,211,340
1,419,618

Creditors: amounts falling due after more than one year
 8 
(60,596)
(68,294)

Provisions for liabilities
  

Deferred tax
 10 
-
(6,347)

  
 
 
-
 
 
(6,347)

Net assets
  
1,150,744
1,344,977


Capital and reserves
  

Called up share capital 
 11 
10
10

Profit and loss account
  
1,150,734
1,344,967

  
1,150,744
1,344,977


Page 1

 
AUTEUR LIMITED
REGISTERED NUMBER: 07258496

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 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: 




V Cudahy
Director

Date: 19 August 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
AUTEUR LIMITED
 

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

1.


General information

Auteur Limited is a private company, limited by shares, incorporated in England and Wales, registration number 07258496. The registered office and principal place of business is Auteur Chapel Square, Deddington, Banbury, Oxfordshire, England, OX15 0SG.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
AUTEUR LIMITED
 

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

2.Accounting policies (continued)

 
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.

 
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

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 4

 
AUTEUR LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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 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.

 
2.9

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 for office equipment and property improvements and the reducing balance method for motor vehicles.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Property improvements
-
20%
straight line
Office equipment
-
25%
straight line
Other fixed assets
-
10%
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.

Page 5

 
AUTEUR LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

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.

Page 6

 
AUTEUR LIMITED
 

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

2.Accounting policies (continued)


2.16
Financial instruments (continued)

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Page 7

 
AUTEUR LIMITED
 

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

2.Accounting policies (continued)


2.16
Financial instruments (continued)

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.

Derecognition of financial instruments

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.

 
2.17

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 7 (2022 - 7).

Page 8

 
AUTEUR LIMITED
 

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

4.


Tangible fixed assets





Motor vehicles
Property improvements
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
86,948
22,396
13,213
76,722
199,279


Additions
-
1,533
2,018
-
3,551



At 31 December 2023

86,948
23,929
15,231
76,722
202,830



Depreciation


At 1 January 2023
5,434
821
8,264
27,459
41,978


Charge for the year on owned assets
-
4,755
2,772
7,672
15,199


Charge for the year on financed assets
20,378
-
-
-
20,378



At 31 December 2023

25,812
5,576
11,036
35,131
77,555



Net book value



At 31 December 2023
61,136
18,353
4,195
41,591
125,275



At 31 December 2022
81,514
21,575
4,949
49,263
157,301

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
61,136
81,514

61,136
81,514

Page 9

 
AUTEUR LIMITED
 

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

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
296,697


Additions
11,305


Disposals
(136,477)


Revaluations
50,393



At 31 December 2023
221,918





6.


Debtors

2023
2022
£
£


Trade debtors
66,187
143,629

Other debtors
6,665
39

Prepayments and accrued income
38,663
13,325

Tax recoverable
3,479
15,717

114,994
172,710



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
124,031
26,375

Other taxation and social security
44,998
38,348

Obligations under finance lease and hire purchase contracts
8,804
9,193

Other creditors
66,191
76,412

Accruals and deferred income
21,432
26,664

265,456
176,992


Page 10

 
AUTEUR LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
60,596
68,294

60,596
68,294



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
8,804
9,193

Between 1-5 years
60,596
68,294

69,400
77,487


10.


Deferred taxation




2023


£






At beginning of year
(6,347)


Charged to profit or loss
6,347



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(54,494)

Tax losses carried forward
-
48,251

Pension surplus
-
(104)

-
(6,347)

Page 11

 
AUTEUR LIMITED
 

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

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £0.001 each
10
10



12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are heldseperately 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 £4,315 (2022 - £3,847). Funds of £284 (2022 - £415) were payable to the fund at the balance sheet date and are included in creditors.


Page 12