Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01on demand home services software application11falsefalse 12513262 2023-04-01 2023-12-31 12513262 2022-04-01 2023-03-31 12513262 2023-12-31 12513262 2023-03-31 12513262 c:Director1 2023-04-01 2023-12-31 12513262 d:ComputerEquipment 2023-04-01 2023-12-31 12513262 d:ComputerEquipment 2023-12-31 12513262 d:ComputerEquipment 2023-03-31 12513262 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 12513262 d:ComputerSoftware 2023-12-31 12513262 d:ComputerSoftware 2023-03-31 12513262 d:CurrentFinancialInstruments 2023-12-31 12513262 d:CurrentFinancialInstruments 2023-03-31 12513262 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12513262 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12513262 d:ShareCapital 2023-12-31 12513262 d:ShareCapital 2023-03-31 12513262 d:SharePremium 2023-12-31 12513262 d:SharePremium 2023-03-31 12513262 d:RetainedEarningsAccumulatedLosses 2023-12-31 12513262 d:RetainedEarningsAccumulatedLosses 2023-03-31 12513262 c:FRS102 2023-04-01 2023-12-31 12513262 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 12513262 c:FullAccounts 2023-04-01 2023-12-31 12513262 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 12513262 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-04-01 2023-12-31 12513262 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12513262









YODERLAY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
YODERLAY GROUP LIMITED
REGISTERED NUMBER: 12513262

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 
March
2023
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
94,238
37,936

Tangible assets
  
145
-

  
94,383
37,936

Current assets
  

Debtors: amounts falling due within one year
 7 
7,124
6,524

Cash at bank and in hand
 8 
740
-

  
7,864
6,524

Creditors: amounts falling due within one year
 9 
(123,790)
(49,129)

Net current liabilities
  
 
 
(115,926)
 
 
(42,605)

Total assets less current liabilities
  
(21,543)
(4,669)

  

Net liabilities
  
(21,543)
(4,669)


Capital and reserves
  

Called up share capital 
  
103
103

Share premium account
  
7,797
7,797

Profit and loss account
  
(29,443)
(12,569)

  
(21,543)
(4,669)


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 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 by: 
Page 1

 
YODERLAY GROUP LIMITED
REGISTERED NUMBER: 12513262
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


D J Ring
Director

Date: 13 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Yoderlay Group Limited is a company limited by shares and incorporated in England & Wales under the
Companies Act 2006. The address of the registered office is given on the Company information page.
The nature of the Company's operations and its principal activities are set out in the Director's report.

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

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Despite the negative balance sheet, the director believes that the company will continue to be supported by other companies in the group. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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
-
20%
Straight line depreciation

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.

 
2.9

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.

 
2.10

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

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

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.

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
Page 5

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and
the amounts reported for revenues and expenses during the year. The nature of estimation means the
actual outcomes could differ from those estimates. 


4.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


5.


Intangible assets






Computer software

£



Cost


At 1 April 2023
37,935


Additions - internal
56,303



At 31 December 2023

94,238






Net book value



At 31 December 2023
94,238



At 31 March 2023
37,935



Page 7

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Tangible fixed assets







Computer equipment

£



Cost or valuation


Additions
150



At 31 December 2023

150



Depreciation


Charge for the Period on owned assets
5



At 31 December 2023

5



Net book value



At 31 December 2023
145



At 31 March 2023
-

Page 8

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Debtors

 
31 December
 
31 
March
2023
2023
£
£


Amounts owed by group undertakings
103
-

Other debtors
6,441
6,524

Prepayments and accrued income
580
-

7,124
6,524



8.


Cash and cash equivalents

31 December
31 
March
2023
2023
£
£

Cash at bank and in hand
740
-

Less: bank overdrafts
-
(25)

740
(25)



9.


Creditors: Amounts falling due within one year

31 December
31 
March
2023
2023
£
£

Bank overdrafts
-
25

Trade creditors
14,393
19,374

Amounts owed to group undertakings
66,427
617

Corporation tax
-
3,432

Other creditors
40,870
21,821

Accruals and deferred income
2,100
3,860

123,790
49,129


Page 9

 
YODERLAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Related party transactions

Included in other creditors there is an amount of £nil (31.03.2023: £9,821) owed to a director and loans of £29,000 (31.03.2023: £12,000) from companies owned by directors or close family members of the directors. Included in other creditors there is an amount of £66,427 (31.03.2023: £617) owed to other companies in the group and an amount of £11,870 (31.03.2023: £nil) owed to other associated companies. Included in other debtors there is an  an amount of £103 (31.03.2023: £nil) owed to another company in the group.

 
Page 10