Caseware UK (AP4) 2023.0.135 2023.0.135 falsetrue2023-01-01false1110trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09442461 2023-01-01 2023-12-31 09442461 2022-01-01 2022-12-31 09442461 2023-12-31 09442461 2022-12-31 09442461 c:Director2 2023-01-01 2023-12-31 09442461 d:MotorVehicles 2023-01-01 2023-12-31 09442461 d:MotorVehicles 2023-12-31 09442461 d:MotorVehicles 2022-12-31 09442461 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09442461 d:OfficeEquipment 2023-01-01 2023-12-31 09442461 d:OfficeEquipment 2023-12-31 09442461 d:OfficeEquipment 2022-12-31 09442461 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09442461 d:ComputerEquipment 2023-01-01 2023-12-31 09442461 d:ComputerEquipment 2023-12-31 09442461 d:ComputerEquipment 2022-12-31 09442461 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09442461 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09442461 d:OtherPropertyPlantEquipment 2023-12-31 09442461 d:OtherPropertyPlantEquipment 2022-12-31 09442461 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09442461 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09442461 d:CurrentFinancialInstruments 2023-12-31 09442461 d:CurrentFinancialInstruments 2022-12-31 09442461 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09442461 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09442461 d:ShareCapital 2023-12-31 09442461 d:ShareCapital 2022-12-31 09442461 d:RetainedEarningsAccumulatedLosses 2023-12-31 09442461 d:RetainedEarningsAccumulatedLosses 2022-12-31 09442461 c:FRS102 2023-01-01 2023-12-31 09442461 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09442461 c:FullAccounts 2023-01-01 2023-12-31 09442461 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09442461 d:WithinOneYear 2023-12-31 09442461 d:WithinOneYear 2022-12-31 09442461 d:BetweenOneFiveYears 2023-12-31 09442461 d:BetweenOneFiveYears 2022-12-31 09442461 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09442461 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09442461 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09442461










Nicolaudie UK Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Nicolaudie UK Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Nicolaudie UK Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicolaudie UK Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Nicolaudie UK Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nicolaudie UK Limited and state those matters that we have agreed to state to the director of Nicolaudie UK Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nicolaudie UK Limited and its director for our work or for this report. 

It is your duty to ensure that Nicolaudie UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nicolaudie UK Limited. You consider that Nicolaudie UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Nicolaudie UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
2 September 2024
Page 1

 
Nicolaudie UK Limited
Registered number: 09442461

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
82,010
82,046

  
82,010
82,046

Current assets
  

Stocks
  
39,670
34,379

Debtors: amounts falling due within one year
 5 
802,067
661,655

Cash at bank and in hand
  
2,154,152
1,435,572

  
2,995,889
2,131,606

Creditors: amounts falling due within one year
 6 
(648,768)
(549,211)

Net current assets
  
 
 
2,347,121
 
 
1,582,395

Total assets less current liabilities
  
2,429,131
1,664,441

Provisions for liabilities
  

Deferred tax
 7 
(19,668)
(19,494)

  
 
 
(19,668)
 
 
(19,494)

Net assets
  
2,409,463
1,644,947


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,409,363
1,644,847

  
2,409,463
1,644,947


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 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: 



................................................
B G Nicolaudie
Page 2

 
Nicolaudie UK Limited
Registered number: 09442461

Balance Sheet (continued)
As at 31 December 2023

Director
Date: 2 September 2024

Page 3

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Nicolaudie UK Limited is a private company, limited by shares and incorporated in England and Wales. 
Registered number: 09442461.
The registered office and principal place of buisness is: First Floor Offices, 25 Old Steine, Brighton, East Sussex BN1 1EL.

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 financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Turnover represents the value of goods and services provided and the fair value of the right to consideration in exchange for the performance of its contractual obligations.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.

 
2.7

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 4

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Motor vehicles
-
20% straight line
Office equipment
-
10% to 25% straight line
Computer equipment
-
15% to 25% straight line
Leasehold improvements
-
33.33% 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.

 
2.8

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Basic financial instruments are recognised at amortised cost. 

 
2.11

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.

Page 5

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest pound.

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.

 
2.13

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 10).

Page 6

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Leasehold Improvements

£
£
£
£



Cost


At 1 January 2023
63,490
13,833
35,832
-


Additions
-
4,560
14,446
1,987



At 31 December 2023

63,490
18,393
50,278
1,987



Depreciation


At 1 January 2023
-
5,322
25,787
-


Charge for the year on owned assets
12,698
2,102
6,224
5



At 31 December 2023

12,698
7,424
32,011
5



Net book value



At 31 December 2023
50,792
10,969
18,267
1,982



At 31 December 2022
63,490
8,511
10,045
-

Total

£



Cost


At 1 January 2023
113,155


Additions
20,993



At 31 December 2023

134,148



Depreciation


At 1 January 2023
31,109


Charge for the year on owned assets
21,029



At 31 December 2023

52,138



Net book value



At 31 December 2023
82,010



At 31 December 2022
82,046

Page 7

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
549,042
373,886

Amounts owed by group undertakings
100
100

Other debtors
8,128
4,438

Prepayments and accrued income
244,797
283,231

802,067
661,655



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,345
24,869

Corporation tax
234,423
127,680

Other taxation and social security
5,750
68,625

Other creditors
369
773

Accruals and deferred income
400,881
327,264

648,768
549,211



7.


Deferred taxation




2023


£






At beginning of year
(19,494)


Charged to the profit or loss
(174)



At end of year
(19,668)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(19,668)
(19,494)

(19,668)
(19,494)

Page 8

 
Nicolaudie UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

8.


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
18,500
3,875

Later than 1 year and not later than 5 years
23,125
-

41,625
3,875


9.


Related party transactions

Nicolaudie UK Limited has taken exemption in FRS 102 Section 1A from disclosing transactions with group companies at an arms length basis.


10.


Controlling party

The company is controlled by Arcolis Light Control Trading FZE (incorporated in Dubai) holding 100% of the share capital. The ultimate parent undertaking is Lightingsoft AG, incorporated in Switzerland, trading address Chemin des oisillons 5, CH-1009 Pully, Switzerland. The group financial statements can be obtained upon request. The ultimate controlling party is B G Nicolaudie.

Page 9