Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseThe principal activity of the company continued to be that of gaming interface development.11truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12378741 2023-01-01 2023-12-31 12378741 2022-01-01 2022-12-31 12378741 2023-12-31 12378741 2022-12-31 12378741 c:Director1 2023-01-01 2023-12-31 12378741 d:ComputerEquipment 2023-01-01 2023-12-31 12378741 d:ComputerEquipment 2023-12-31 12378741 d:ComputerEquipment 2022-12-31 12378741 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12378741 d:CurrentFinancialInstruments 2023-12-31 12378741 d:CurrentFinancialInstruments 2022-12-31 12378741 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12378741 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12378741 d:ShareCapital 2023-12-31 12378741 d:ShareCapital 2022-12-31 12378741 d:RetainedEarningsAccumulatedLosses 2023-12-31 12378741 d:RetainedEarningsAccumulatedLosses 2022-12-31 12378741 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12378741 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12378741 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12378741 c:OrdinaryShareClass1 2023-12-31 12378741 c:OrdinaryShareClass1 2022-12-31 12378741 c:FRS102 2023-01-01 2023-12-31 12378741 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12378741 c:FullAccounts 2023-01-01 2023-12-31 12378741 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12378741 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12378741














WALT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WALT LIMITED
REGISTERED NUMBER:12378741

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,923
4,461

  
7,923
4,461

Current assets
  

Debtors: amounts falling due within one year
 5 
15,393
1,420

Cash at bank
 6 
16,022
1,127

  
31,415
2,547

Creditors: amounts falling due within one year
 7 
(12,162)
(3,587)

Net current assets/(liabilities)
  
 
 
19,253
 
 
(1,040)

Total assets less current liabilities
  
27,176
3,421

Provisions for liabilities
  

Deferred tax
  
(1,981)
-

  
 
 
(1,981)
 
 
-

Net assets
  
25,195
3,421


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
25,194
3,420

  
25,195
3,421

Page 1

 
WALT LIMITED
REGISTERED NUMBER:12378741
    
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 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: 




I J Simons
Director

Date: 4 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

Walt Limited is a private company, limited by shares, registered in England and Wales, registration number 12378741. The registered office address is 9a Beck Street, Nottingham, England, NG1 1EQ.         
The principal activity of the company continued to be that of gaming interface development. 
   
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 Section 1A of the FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.
 
 
2.3

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from gaming interface development is recognized when it is probable the company will receive the rights to the consideration due under the contract.
 
 
2.4

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
15%
on reducing balance

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and trade and other creditors, and  loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).

Page 4

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

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2023
5,436


Additions
4,860



At 31 December 2023

10,296



Depreciation


At 1 January 2023
975


Charge for the year
1,398



At 31 December 2023

2,373



Net book value



At 31 December 2023
7,923



At 31 December 2022
4,461


5.


Debtors

2023
2022
£
£


Trade debtors
-
1,310

Prepayments and accrued income
15,393
110

15,393
1,420



6.


Cash

2023
2022
£
£

Cash at bank
16,022
1,127


Page 5

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

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
95
93

Corporation tax
2,768
14

Other creditors
2,501
389

Accruals
6,798
3,091

12,162
3,587



8.


Deferred taxation




2023


£






Charged to profit or loss
(1,981)



At end of year
(1,981)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,981)
-


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Transactions with the director

As at the year end, the company owed £389 (2022 - £389) to the director. The loan is unsecured, interest free and repayable on demand.
 
Page 6