Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2023-01-013false3truetrue 07993509 2023-01-01 2023-12-31 07993509 2022-01-01 2022-12-31 07993509 2023-12-31 07993509 2022-12-31 07993509 c:Director1 2023-01-01 2023-12-31 07993509 d:CurrentFinancialInstruments 2023-12-31 07993509 d:CurrentFinancialInstruments 2022-12-31 07993509 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07993509 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07993509 d:ShareCapital 2023-12-31 07993509 d:ShareCapital 2022-12-31 07993509 d:RetainedEarningsAccumulatedLosses 2023-12-31 07993509 d:RetainedEarningsAccumulatedLosses 2022-12-31 07993509 c:FRS102 2023-01-01 2023-12-31 07993509 c:Audited 2023-01-01 2023-12-31 07993509 c:FullAccounts 2023-01-01 2023-12-31 07993509 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07993509 d:WithinOneYear 2023-12-31 07993509 d:WithinOneYear 2022-12-31 07993509 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07993509 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07993509









Alcohol Monitoring Systems Limited









Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Alcohol Monitoring Systems Limited
Registered number: 07993509

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
419,478
757,864

Cash at bank and in hand
 5 
1,203,931
1,275,301

  
1,623,409
2,033,165

Creditors: amounts falling due within one year
 6 
(851,568)
(1,571,433)

Net current assets
  
 
 
771,841
 
 
461,732

Net assets
  
771,841
461,732


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
771,741
461,632

  
771,841
461,732


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: 



J Sovcik
Director

Date: 4 September 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Alcohol Monitoring Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

1.


General information

Alcohol Monitoring Systems Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 3 Stockport Exchange, Stockport, SK1 3GG. The company's registered number is 07993509.

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

Going concern

The company has continued to trade profitably and has been cash generative during the period. The company had net current assets of £771,841 (2022 - £461,732) at the period end. This includes amounts owed to the company's parent undertaking, Alcohol Monitoring Systems, Inc. totalling £421,161 (2022 - £963,986). Therefore, the directors continue to prepare the financial statements on a going concern basis.

 
2.3

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.

Page 2

 
Alcohol Monitoring Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Page 3

 
Alcohol Monitoring Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

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 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.

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 -3).

Page 4

 
Alcohol Monitoring Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

4.


Debtors

2023
2022
£
£


Trade debtors
296,271
748,202

Other debtors
-
6,370

Prepayments and accrued income
123,207
3,292

419,478
757,864



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,203,931
1,275,301



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,826
5,772

Amounts owed to group undertakings
421,161
963,986

Corporation tax
101,904
88,145

Other taxation and social security
193,689
424,626

Accruals and deferred income
115,988
88,904

851,568
1,571,433



7.


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
16,764
2,420


8.


Related party transactions

The company owes its parent company £421,161 at 31 December 2023 (2022 - £963,986). This is after accounting for purchases and costs recharged to the company of £3,810,705 (2022 - £3,150,411).

Page 5

 
Alcohol Monitoring Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

9.


Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member is Alcohol Monitoring Systems Inc, 6251 Greenwood Plaza Blvd. Ste. 300 Greenwood Village, CO 80111, USA.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 6 September 2024 by Chris Stewardson (senior statutory auditor) on behalf of Hurst Accountants Limited.

 
Page 6