Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08053161 Mr Simon Cordingley Mrs Marianne Cordingley Mr Simon Cordingley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08053161 2023-01-31 08053161 2024-01-31 08053161 2023-02-01 2024-01-31 08053161 frs-core:CurrentFinancialInstruments 2024-01-31 08053161 frs-core:Non-currentFinancialInstruments 2024-01-31 08053161 frs-core:ComputerEquipment 2024-01-31 08053161 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08053161 frs-core:ComputerEquipment 2023-01-31 08053161 frs-core:ShareCapital 2024-01-31 08053161 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08053161 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08053161 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08053161 frs-bus:SmallEntities 2023-02-01 2024-01-31 08053161 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08053161 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08053161 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08053161 frs-bus:OrdinaryShareClass1 2024-01-31 08053161 frs-core:ProvisionsDeferredTax 2024-01-31 08053161 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-01 2024-01-31 08053161 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 08053161 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 08053161 frs-bus:Director1 2023-02-01 2024-01-31 08053161 frs-bus:Director1 2023-01-31 08053161 frs-bus:Director1 2024-01-31 08053161 frs-bus:Director2 2023-02-01 2024-01-31 08053161 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 08053161 frs-countries:EnglandWales 2023-02-01 2024-01-31 08053161 2022-01-31 08053161 2023-01-31 08053161 2022-02-01 2023-01-31 08053161 frs-core:CurrentFinancialInstruments 2023-01-31 08053161 frs-core:Non-currentFinancialInstruments 2023-01-31 08053161 frs-core:ShareCapital 2023-01-31 08053161 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08053161 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08053161 frs-core:ProvisionsDeferredTax 2023-01-31 08053161 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 08053161
Casegen Technologies Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08053161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 286 701
286 701
CURRENT ASSETS
Debtors 4 - 40,465
Investments 5 387,948 377,251
Cash at bank and in hand 1,843,408 1,296,653
2,231,356 1,714,369
Creditors: Amounts Falling Due Within One Year 6 (343,445 ) (232,120 )
NET CURRENT ASSETS (LIABILITIES) 1,887,911 1,482,249
TOTAL ASSETS LESS CURRENT LIABILITIES 1,888,197 1,482,950
Creditors: Amounts Falling Due After More Than One Year 7 - (2,178 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (72 ) (133 )
NET ASSETS 1,888,125 1,480,639
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 12 - (122,749 )
Income Statement 1,888,025 1,603,288
SHAREHOLDERS' FUNDS 1,888,125 1,480,639
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Simon Cordingley
Director
13 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes, and arises on the provision of computer-software products and services. Turnover is recognised by reference to the stage of completion of the underlying contract.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% straight line
1.4. Financial Instruments
Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-derivative equity instruments, which are measured at fair value with changes recognised in the the Income Statement.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in the income statement, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
1.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
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2. Average Number of Employees
The average number of employees, including directors, during the year was NIL (2023: NIL)
- -
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 6,358
As at 31 January 2024 6,358
Depreciation
As at 1 February 2023 5,657
Provided during the period 415
As at 31 January 2024 6,072
Net Book Value
As at 31 January 2024 286
As at 1 February 2023 701
4. Debtors
2024 2023
£ £
Due within one year
Other debtors - 40,465
- 40,465
5. Current Asset Investments
2024 2023
£ £
Listed investments 387,948 377,251
387,948 377,251
The above-noted current asset investment is in publicly traded instruments, whose fair value can be measured reliably.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 840
Other creditors 102,109 129,221
Taxation and social security 241,336 102,059
343,445 232,120
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 2,178
- 2,178
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8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Deferred Tax 72 133
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary Shares 1.000 100 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date no unpaid contributions (2023: nil) were due to the fund.
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Simon Cordingley 40,465 - 40,465 - -
While outstanding, the above loan was unsecured, repayable on demand and subject to interest charges at between 2% and 2.25% per annum.
12. Reserves
Fair Value Reserve
£
As at 1 February 2023 (122,749 )
Transfer to income statement 122,749
As at 31 January 2024 -
13. General Information
Casegen Technologies Ltd is a private company, limited by shares. It is incorporated in England & Wales, under a registered number of 08053161 . The registered office is Beckett House, Bolter End, High Wycombe, Buckinghamshire, HP14 3LR.
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