Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-0113false9truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02488641 2023-01-01 2023-12-31 02488641 2022-01-01 2022-12-31 02488641 2023-12-31 02488641 2022-12-31 02488641 c:Director1 2023-01-01 2023-12-31 02488641 d:PlantMachinery 2023-01-01 2023-12-31 02488641 d:MotorVehicles 2023-01-01 2023-12-31 02488641 d:OfficeEquipment 2023-01-01 2023-12-31 02488641 d:ComputerEquipment 2023-01-01 2023-12-31 02488641 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02488641 d:OtherPropertyPlantEquipment 2023-12-31 02488641 d:OtherPropertyPlantEquipment 2022-12-31 02488641 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02488641 d:CurrentFinancialInstruments 2023-12-31 02488641 d:CurrentFinancialInstruments 2022-12-31 02488641 d:Non-currentFinancialInstruments 2023-12-31 02488641 d:Non-currentFinancialInstruments 2022-12-31 02488641 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02488641 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02488641 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02488641 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02488641 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 02488641 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 02488641 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 02488641 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 02488641 d:ShareCapital 2023-12-31 02488641 d:ShareCapital 2022-12-31 02488641 d:CapitalRedemptionReserve 2023-12-31 02488641 d:CapitalRedemptionReserve 2022-12-31 02488641 d:RetainedEarningsAccumulatedLosses 2023-12-31 02488641 d:RetainedEarningsAccumulatedLosses 2022-12-31 02488641 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02488641 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 02488641 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 02488641 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 02488641 d:RetirementBenefitObligationsDeferredTax 2023-12-31 02488641 d:RetirementBenefitObligationsDeferredTax 2022-12-31 02488641 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02488641 c:OrdinaryShareClass1 2023-12-31 02488641 c:OrdinaryShareClass1 2022-12-31 02488641 c:FRS102 2023-01-01 2023-12-31 02488641 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02488641 c:FullAccounts 2023-01-01 2023-12-31 02488641 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02488641 d:Subsidiary1 2023-01-01 2023-12-31 02488641 d:Subsidiary1 1 2023-01-01 2023-12-31 02488641 d:WithinOneYear 2023-12-31 02488641 d:WithinOneYear 2022-12-31 02488641 d:BetweenOneFiveYears 2023-12-31 02488641 d:BetweenOneFiveYears 2022-12-31 02488641 2 2023-01-01 2023-12-31 02488641 6 2023-01-01 2023-12-31 02488641 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02488641









COMPUTER & COMMUNICATIONS CO. LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COMPUTER & COMMUNICATIONS CO. LIMITED
REGISTERED NUMBER: 02488641

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,301
32,623

Investments
 5 
2
2

  
18,303
32,625

Current assets
  

Stocks
  
40,573
40,612

Debtors: amounts falling due within one year
 6 
637,053
651,684

Cash at bank
  
842,754
778,362

  
1,520,380
1,470,658

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(234,775)
(268,216)

Net current assets
  
 
 
1,285,605
 
 
1,202,442

Total assets less current liabilities
  
1,303,908
1,235,067

Creditors: amounts falling due after more than one year
 8 
(15,000)
(25,000)

  

Net assets
  
1,288,908
1,210,067


Capital and reserves
  

Called up share capital 
 11 
269,874
269,874

Capital redemption reserve
  
259,200
259,200

Profit and loss account
  
759,834
680,993

  
1,288,908
1,210,067


Page 1

 
COMPUTER & COMMUNICATIONS CO. LIMITED
REGISTERED NUMBER: 02488641

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 






Mr J T Wood
Director

Date: 21 August 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

1.


General information

Computer & Communications Co. Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Stirling House Denny End Road, Waterbeach, Cambridge, CB25 9PB. This Company is part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

 
COMPUTER & COMMUNICATIONS CO. 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.

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.

 
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

Borrowing costs

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

Page 4

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

2.Accounting policies (continued)

 
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

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 corporation 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.

Page 5

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight-line
Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
straight-line
Computer equipment
-
33%
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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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.

 
2.13

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.

 
2.14

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 6

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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.

 
2.17

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.

Page 7

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

2.Accounting policies (continued)

 
2.18

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.

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.

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

Page 8

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 13).


4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 January 2023
226,158


Additions
3,923



At 31 December 2023

230,081



Depreciation


At 1 January 2023
193,535


Charge for the year on owned assets
18,245



At 31 December 2023

211,780



Net book value



At 31 December 2023
18,301



At 31 December 2022
32,623

Page 9

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
2



At 31 December 2023
2





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

C 3 Limited
Stirling House, Denny End Road, Waterbeach, Cambridge, CB25 9PB
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

C 3 Limited
2
-

Page 10

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

6.


Debtors

2023
2022
£
£


Trade debtors
101,472
129,589

Other debtors
475,999
484,271

Called up share capital not paid
90
90

Prepayments
30,838
37,734

Deferred taxation
28,654
-

637,053
651,684



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
14,265
17,267

Other taxation and social security
47,526
51,345

Other creditors
5,230
4,734

Accruals and deferred income
157,754
184,870

234,775
268,216



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,000
25,000


Page 11

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,000
15,000


25,000
35,000



10.


Deferred taxation




2023


£






Charged to profit or loss
28,654



At end of year
28,654

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
4,581
-

Tax losses carried forward
23,538
-

Pension surplus
535
-

28,654
-


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



269,874 (2022 - 269,874) Ordinary shares of £1.00 each
269,874
269,874


Page 12

 
COMPUTER & COMMUNICATIONS CO. LIMITED
 

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

12.


Pension commitments

The Company operates a defined contributions scheme. The assets of the scheme are held separately 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 £25,550 (2022 - £33,566). Contributions totalling £4,110 (2021 - £4,602) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
36,450
26,620

Later than 1 year and not later than 5 years
21,630
-

58,080
26,620


14.


Related party transactions

During the year the Company operated loans with the director of the Company. The amount payable to the director of the Company at the year end was £936 (2022 - £624). This loan is interest free and repayable on demand.
The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with its parent Company.


15.


Controlling party

The Company is a wholly owned subsidiary of Noteshop Limited, a Company registered in England and Wales. The registered office of the parent Company is Stirling House, Denny End Road, Waterbeach, Cambridge, CB25 9PB.


Page 13