Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false32023-04-01falseCreative design for marketting and the media3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02998211 2023-04-01 2024-03-31 02998211 2022-04-01 2023-03-31 02998211 2024-03-31 02998211 2023-03-31 02998211 2022-04-01 02998211 c:Director1 2023-04-01 2024-03-31 02998211 d:PlantMachinery 2023-04-01 2024-03-31 02998211 d:PlantMachinery 2024-03-31 02998211 d:PlantMachinery 2023-03-31 02998211 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02998211 d:ComputerEquipment 2023-04-01 2024-03-31 02998211 d:ComputerEquipment 2024-03-31 02998211 d:ComputerEquipment 2023-03-31 02998211 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02998211 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02998211 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 02998211 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 02998211 d:CurrentFinancialInstruments 2024-03-31 02998211 d:CurrentFinancialInstruments 2023-03-31 02998211 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02998211 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02998211 d:ShareCapital 2024-03-31 02998211 d:ShareCapital 2023-03-31 02998211 d:CapitalRedemptionReserve 2024-03-31 02998211 d:CapitalRedemptionReserve 2023-03-31 02998211 d:RetainedEarningsAccumulatedLosses 2024-03-31 02998211 d:RetainedEarningsAccumulatedLosses 2023-03-31 02998211 c:FRS102 2023-04-01 2024-03-31 02998211 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02998211 c:FullAccounts 2023-04-01 2024-03-31 02998211 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02998211 2 2023-04-01 2024-03-31 02998211 6 2023-04-01 2024-03-31 02998211 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02998211 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02998211 1 2024-03-31 02998211 1 2023-03-31 02998211 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 02998211






COMMAND D LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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COMMAND D LIMITED
REGISTERED NUMBER:02998211

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,000
2,000

Tangible assets
 5 
9,616
3,912

Investments
 6 
13,750
13,592

  
25,366
19,504

Current assets
  

Debtors: amounts falling due within one year
 7 
690,284
702,424

Cash at bank and in hand
 8 
62,235
24,229

  
752,519
726,653

Creditors: amounts falling due within one year
 9 
(53,024)
(82,337)

Net current assets
  
 
 
699,495
 
 
644,316

Total assets less current liabilities
  
724,861
663,820

Provisions for liabilities
  

Deferred tax
 10 
(2,404)
(743)

  
 
 
(2,404)
 
 
(743)

Net assets
  
722,457
663,077


Capital and reserves
  

Called up share capital 
  
782
782

Capital redemption reserve
  
782
782

Profit and loss account
  
720,893
661,513

  
722,457
663,077


Page 1

 
COMMAND D LIMITED
REGISTERED NUMBER:02998211
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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: 



S B Charach
Director

Date: 5 September 2024

Page 2

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Command D Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of creative design for marketing and the media.

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

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:

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 3

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 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.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

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:

Plant and machinery
-
25%
Straight Line
Computer 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.

Page 4

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

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.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Crypto Assets

£



Cost


At 1 April 2023
2,000



At 31 March 2024

2,000






Net book value



At 31 March 2024
2,000



At 31 March 2023
2,000




5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
4,231
9,343
13,574


Additions
-
8,612
8,612


Disposals
-
(7,463)
(7,463)



At 31 March 2024

4,231
10,492
14,723



Depreciation


At 1 April 2023
1,573
8,089
9,662


Charge for the year on owned assets
846
1,890
2,736


Disposals
-
(7,291)
(7,291)



At 31 March 2024

2,419
2,688
5,107



Net book value



At 31 March 2024
1,812
7,804
9,616



At 31 March 2023
2,658
1,254
3,912

Page 7

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
19,919


Disposals
(1,000)



At 31 March 2024

18,919



Impairment


At 1 April 2023
6,327


Reversal of impairment losses
(1,158)



At 31 March 2024

5,169



Net book value



At 31 March 2024
13,750



At 31 March 2023
13,593


7.


Debtors

2024
2023
£
£


Trade debtors
50,092
63,939

Other debtors
638,742
637,245

Prepayments and accrued income
1,450
1,240

690,284
702,424



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
62,235
24,229

62,235
24,229


Page 8

 
COMMAND D LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,259
738

Other taxation and social security
43,959
50,814

Other creditors
5,892
30,077

Accruals and deferred income
914
708

53,024
82,337



10.


Deferred taxation




2024
2023


£

£






At beginning of year
743
1,138


Charged to profit or loss
1,661
(395)



At end of year
2,404
743

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
2,404
743

2,404
743


11.


Related party transactions

Included within other debtors is an interest free loan of £638,742 (2023: £637,245) owed from a company under common control.

 
Page 9