Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-302022-12-309false4No description of principal activity2021-07-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12675436 2021-07-01 2022-12-30 12675436 2020-06-16 2021-06-30 12675436 2022-12-30 12675436 2021-06-30 12675436 c:Director1 2021-07-01 2022-12-30 12675436 d:OfficeEquipment 2021-07-01 2022-12-30 12675436 d:OfficeEquipment 2022-12-30 12675436 d:OfficeEquipment 2021-06-30 12675436 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-12-30 12675436 d:CurrentFinancialInstruments 2022-12-30 12675436 d:CurrentFinancialInstruments 2021-06-30 12675436 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 12675436 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 12675436 d:ShareCapital 2022-12-30 12675436 d:ShareCapital 2021-06-30 12675436 d:RetainedEarningsAccumulatedLosses 2022-12-30 12675436 d:RetainedEarningsAccumulatedLosses 2021-06-30 12675436 c:FRS102 2021-07-01 2022-12-30 12675436 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-12-30 12675436 c:FullAccounts 2021-07-01 2022-12-30 12675436 c:PrivateLimitedCompanyLtd 2021-07-01 2022-12-30 12675436 e:PoundSterling 2021-07-01 2022-12-30 iso4217:GBP xbrli:pure

Registered number: 12675436









BILLA TECHNOLOGIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 DECEMBER 2022

 
BILLA TECHNOLOGIES LTD
REGISTERED NUMBER: 12675436

BALANCE SHEET
AS AT 30 DECEMBER 2022

30 December
30 June
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
  
12,403
14,163

  
12,403
14,163

Current assets
  

Cash at bank and in hand
  
-
1,924

  
-
1,924

Creditors: amounts falling due within one year
  
(8,029)
(4,143)

Net current liabilities
  
 
 
(8,029)
 
 
(2,219)

Total assets less current liabilities
  
4,374
11,944

  

Net assets
  
4,374
11,944


Capital and reserves
  

Called up share capital 
  
273,752
250,700

Profit and loss account
  
(269,378)
(238,756)

  
4,374
11,944


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 period 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 12 September 2024.

Fopesaiye Oluleye
Director
Page 1

 
BILLA TECHNOLOGIES LTD
REGISTERED NUMBER: 12675436
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2022


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

Page 2

 
BILLA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

1.


General information

The company is limited by shares and incorporated in England. The address of the registerd office is
given in the company information page of these financial statements.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.4

Borrowing costs

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

 
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.

Page 3

 
BILLA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Office equipment
-
25%
on a 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

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.

 
2.7

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.


3.


Employees

2022
2021
£
£

Wages and salaries
33,010
72,043

Social security costs
1,650
5,513

34,660
77,556


The average monthly number of employees, including directors, during the period was 9 (2021 - 4).

Page 4

 
BILLA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 July 2021
18,884


Additions
2,375



At 30 December 2022

21,259



Depreciation


At 1 July 2021
4,721


Charge for the period on owned assets
4,135



At 30 December 2022

8,856



Net book value



At 30 December 2022
12,403



At 30 June 2021
14,163


5.


Cash and cash equivalents

30 December
30 June
2022
2021
£
£

Cash at bank and in hand
-
1,924

-
1,924


Page 5

 
BILLA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

30 December
30 June
2022
2021
£
£

Other taxation and social security
5,531
1,375

Other creditors
98
1,568

Accruals and deferred income
2,400
1,200

8,029
4,143


 
Page 6