Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The principal activity of the company continued to be that of the production and distribution of recorded literary material.true2023-01-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05509377 2023-01-01 2023-12-31 05509377 2022-01-01 2022-12-31 05509377 2023-12-31 05509377 2022-12-31 05509377 c:Director1 2023-01-01 2023-12-31 05509377 c:Director2 2023-01-01 2023-12-31 05509377 d:FurnitureFittings 2023-01-01 2023-12-31 05509377 d:FurnitureFittings 2023-12-31 05509377 d:FurnitureFittings 2022-12-31 05509377 d:CurrentFinancialInstruments 2023-12-31 05509377 d:CurrentFinancialInstruments 2022-12-31 05509377 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05509377 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05509377 d:ShareCapital 2023-12-31 05509377 d:ShareCapital 2022-12-31 05509377 d:RetainedEarningsAccumulatedLosses 2023-12-31 05509377 d:RetainedEarningsAccumulatedLosses 2022-12-31 05509377 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05509377 c:OrdinaryShareClass1 2023-12-31 05509377 c:OrdinaryShareClass1 2022-12-31 05509377 c:FRS102 2023-01-01 2023-12-31 05509377 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05509377 c:FullAccounts 2023-01-01 2023-12-31 05509377 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05509377 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05509377














FTDR LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FTDR LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 5


 
FTDR LIMITED
REGISTERED NUMBER:05509377

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 5 
13,730
22,684

Debtors: amounts falling due within one year
 6 
400,056
188,661

Cash at bank and in hand
 7 
222,181
135,463

  
635,967
346,808

Creditors: amounts falling due within one year
 8 
(566,456)
(305,719)

Net current assets
  
 
 
69,511
 
 
41,089

Total assets less current liabilities
  
69,511
41,089

  

Net assets
  
69,511
41,089


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
69,411
40,989

  
69,511
41,089


The directors consider 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 directors acknowledge their 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 on 22 August 2024.




R Semon
E M Jorgensen
Director
Director

1

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

1.


General information

FTDR Limited is a private company limited by shares, registered in England and Wales, registration number 05509377
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of the production and distribution of recorded literary material.

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

Foreign currency translation

Functional and presentation currency

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

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.

 
2.3

Turnover

Turnover from production and distribution of recorded literary material 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.

 
2.4

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 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.

2

 
FTDR 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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
25%
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.

 
2.6

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 weighted average 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.

 
2.7

 Debtors

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

 
2.8

 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.

 
2.9

 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.

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

 
2.11

 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.

3

 
FTDR 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 4 (2022 - 4).


4.


Tangible fixed assets





Fixtures, fittings & equipment

£



Cost 


At 1 January 2023
6,189



At 31 December 2023

6,189



Depreciation


At 1 January 2023
6,189



At 31 December 2023

6,189



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Stocks

2023
2022
£
£

Finished goods
13,730
22,684


4

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

6.


Debtors

2023
2022
£
£


Trade debtors
393,104
172,201

Other debtors
6,136
15,717

Prepayments and accrued income
816
743

400,056
188,661



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
222,181
135,463



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
268,496
248,745

Corporation tax
21,916
13,985

Other taxation and social security
1,668
1,193

Accruals
274,376
41,796

566,456
305,719



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



10.


Related party transactions

Included within trade creditors is an amount of £39,741 (2022 - £43,079) owed to a partnership under common control, for goods provided as part of the company's trade.
 
During the year the company paid dividends totalling £12,500 (2022 - £20,000) to a director.
 
5