Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activitytrue2023-03-01false13falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11831581 2023-03-01 2024-02-29 11831581 2022-03-01 2023-02-28 11831581 2024-02-29 11831581 2023-02-28 11831581 c:Director1 2023-03-01 2024-02-29 11831581 d:CurrentFinancialInstruments 2024-02-29 11831581 d:CurrentFinancialInstruments 2023-02-28 11831581 d:Non-currentFinancialInstruments 2024-02-29 11831581 d:Non-currentFinancialInstruments 2023-02-28 11831581 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11831581 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11831581 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 11831581 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11831581 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 11831581 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11831581 d:ShareCapital 2024-02-29 11831581 d:ShareCapital 2023-02-28 11831581 d:RetainedEarningsAccumulatedLosses 2024-02-29 11831581 d:RetainedEarningsAccumulatedLosses 2023-02-28 11831581 c:FRS102 2023-03-01 2024-02-29 11831581 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11831581 c:FullAccounts 2023-03-01 2024-02-29 11831581 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11831581 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 11831581










COLUMBUS ONE THOUSAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
COLUMBUS ONE THOUSAND LIMITED
REGISTERED NUMBER: 11831581

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
64
69

Cash at bank and in hand
 5 
35,536
39,621

  
35,600
39,690

Creditors: amounts falling due within one year
 6 
(6,194)
(7,467)

Net current assets
  
 
 
29,406
 
 
32,223

Total assets less current liabilities
  
29,406
32,223

Creditors: amounts falling due after more than one year
 7 
(37,841)
(34,812)

  

Net liabilities
  
(8,435)
(2,589)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(8,535)
(2,689)

  
(8,435)
(2,589)


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 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 on 15 August 2024.




A Gunn
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
COLUMBUS ONE THOUSAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

The company had net liabilities at 29 February 2024 of £8,435. However, the director is of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In the light of these factors, the director considers it appropriate to adopt the going concern basis in the preparation of these financial statements.

 
1.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

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.

 
1.5

Borrowing costs

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

Page 2

 
COLUMBUS ONE THOUSAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.6

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.

 
1.7

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.

 
1.8

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.

 
1.9

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.


General information

Columbus One Thousand Limited is a private limited company incorporated in England and Wales. The Registered Office is Kingsridge House, 601 London Road, Westcliff on Sea, Essex, SS0 9PE.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).


4.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
64
69

64
69


Page 3

 
COLUMBUS ONE THOUSAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
35,536
39,621

35,536
39,621



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
6,146
7,389

Other creditors
48
78

6,194
7,467



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
37,841
34,812

37,841
34,812



8.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
37,841
34,812


37,841
34,812


37,841
34,812


Page 4

 
COLUMBUS ONE THOUSAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Pension commitments

The company contributes to money purchase pension schemes for certain employees. The schemes and their assets are held by independent managers. The pension charge includes contributions paid by the company which amounted to £nil (2023 £727).


10.


Related party transactions

A Gunn, the director and shareholder of the company, received no remuneration or dividends from the company during the year (2023 : £nil).


Page 5