Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity1518falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04974611 2023-01-01 2023-12-31 04974611 2023-12-31 04974611 2022-01-01 2022-12-31 04974611 2022-12-31 04974611 c:Director1 2023-01-01 2023-12-31 04974611 c:Director2 2023-01-01 2023-12-31 04974611 c:Director3 2023-01-01 2023-12-31 04974611 c:Director3 2023-12-31 04974611 c:RegisteredOffice 2023-01-01 2023-12-31 04974611 d:PlantMachinery 2023-01-01 2023-12-31 04974611 d:PlantMachinery 2023-12-31 04974611 d:PlantMachinery 2022-12-31 04974611 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04974611 d:OfficeEquipment 2023-01-01 2023-12-31 04974611 d:ComputerEquipment 2023-01-01 2023-12-31 04974611 d:CurrentFinancialInstruments 2023-12-31 04974611 d:CurrentFinancialInstruments 2022-12-31 04974611 d:Non-currentFinancialInstruments 2023-12-31 04974611 d:Non-currentFinancialInstruments 2022-12-31 04974611 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04974611 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04974611 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04974611 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04974611 d:ShareCapital 2023-12-31 04974611 d:ShareCapital 2022-12-31 04974611 d:RetainedEarningsAccumulatedLosses 2023-12-31 04974611 d:RetainedEarningsAccumulatedLosses 2022-12-31 04974611 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 04974611 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 04974611 c:FRS102 2023-01-01 2023-12-31 04974611 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04974611 c:FullAccounts 2023-01-01 2023-12-31 04974611 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04974611 d:WithinOneYear 2023-12-31 04974611 d:WithinOneYear 2022-12-31 04974611 d:BetweenOneFiveYears 2023-12-31 04974611 d:BetweenOneFiveYears 2022-12-31 04974611 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04974611







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


PINK ELEPHANT EMEA LIMITED






































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PINK ELEPHANT EMEA LIMITED
 


 
COMPANY INFORMATION


Directors
Matthijs Johan Havinga 
Gijsbert Jan Huisman 
Malcolm Peter Clamp (resigned 11 December 2023)




Registered number
04974611



Registered office
4th Floor East Central Point
25 - 31 London Street

Reading

Berkshire

RG1 4PS




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


PINK ELEPHANT EMEA LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


PINK ELEPHANT EMEA LIMITED
REGISTERED NUMBER:04974611



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,640
15,730

Investments
 5 
551
551

  
11,191
16,281

Current assets
  

Debtors: amounts falling due within one year
 6 
1,187,303
1,253,272

Cash at bank and in hand
  
211,070
94,606

  
1,398,373
1,347,878

Creditors: amounts falling due within one year
 7 
(715,841)
(545,506)

Net current assets
  
 
 
682,532
 
 
802,372

Total assets less current liabilities
  
693,723
818,653

Creditors: amounts falling due after more than one year
  
-
(24,167)

Provisions for liabilities
  

Other provisions
 9 
(10,000)
-

  
 
 
(10,000)
 
 
-

Net assets
  
683,723
794,486


Capital and reserves
  

Called up share capital 
  
8,000
8,000

Profit and loss account
  
675,723
786,486

  
683,723
794,486


Page 1

 


PINK ELEPHANT EMEA LIMITED
REGISTERED NUMBER:04974611


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 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: 




................................................
Gijsbert Jan Huisman
Director

Date: 23 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


PINK ELEPHANT EMEA LIMITED
 


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

1.


General information

Pink Elephant EMEA Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The financial statements are presented in sterling, which is the functional and presentational currency of the company, and are rounded to the nearest pound sterling.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
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.

 
2.4

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


PINK ELEPHANT EMEA LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 reporting 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 reporting 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 reporting date.

 
2.6

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:

Office equipment
-
25%
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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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 and investments in non-puttable ordinary shares.

Page 4

 


PINK ELEPHANT EMEA 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 15 (2022 - 18).


4.


Tangible fixed assets





Office and Computer Equiment

£



Cost or valuation


At 1 January 2023
74,473


Additions
930


Disposals
(4,010)



At 31 December 2023

71,393



Depreciation


At 1 January 2023
58,743


Charge for the year on owned assets
5,743


Disposals
(3,733)



At 31 December 2023

60,753



Net book value



At 31 December 2023
10,640



At 31 December 2022
15,730


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
551



At 31 December 2023
551




Page 5

 


PINK ELEPHANT EMEA LIMITED
 


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

6.


Debtors

2023
2022
£
£


Trade debtors
900,899
1,063,725

Amounts owed by group undertakings
124,750
100,000

Prepayments and accrued income
161,654
48,523

Deferred taxation
-
41,024

1,187,303
1,253,272



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
10,000

Trade creditors
322,441
146,276

Amounts owed to group undertakings
46,130
-

Corporation tax
27,073
12,476

Other taxation and social security
98,351
104,845

Other creditors
3,262
10,064

Accruals and deferred income
218,584
261,845

715,841
545,506



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
24,167

-
24,167



9.


Provisions




Dilapidations provision

£





Charged to profit or loss
10,000



At 31 December 2023
10,000

Page 6

 


PINK ELEPHANT EMEA LIMITED
 


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

10.


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
34,351
38,525

Later than 1 year and not later than 5 years
-
34,351

34,351
72,876


11.


Controlling party

The controlling party is Windveer Holding B.V by virtue of their 70% shareholding.

 
Page 7