Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31105406022023-12-3142023-01-01false4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10540602 2023-01-01 2023-12-31 10540602 2022-01-01 2022-12-31 10540602 2023-12-31 10540602 2022-12-31 10540602 1 2023-01-01 2023-12-31 10540602 d:Director1 2023-01-01 2023-12-31 10540602 c:OfficeEquipment 2023-01-01 2023-12-31 10540602 c:OfficeEquipment 2023-12-31 10540602 c:OfficeEquipment 2022-12-31 10540602 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10540602 c:ComputerEquipment 2023-01-01 2023-12-31 10540602 c:ComputerEquipment 2023-12-31 10540602 c:ComputerEquipment 2022-12-31 10540602 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10540602 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10540602 c:CurrentFinancialInstruments 2023-12-31 10540602 c:CurrentFinancialInstruments 2022-12-31 10540602 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 10540602 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10540602 c:ShareCapital 2023-12-31 10540602 c:ShareCapital 2022-12-31 10540602 c:RetainedEarningsAccumulatedLosses 2023-12-31 10540602 c:RetainedEarningsAccumulatedLosses 2022-12-31 10540602 c:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10540602 c:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10540602 c:TaxLossesCarry-forwardsDeferredTax 2023-12-31 10540602 c:TaxLossesCarry-forwardsDeferredTax 2022-12-31 10540602 c:RetirementBenefitObligationsDeferredTax 2023-12-31 10540602 c:RetirementBenefitObligationsDeferredTax 2022-12-31 10540602 d:OrdinaryShareClass1 2023-01-01 2023-12-31 10540602 d:OrdinaryShareClass1 2022-01-01 2022-12-31 10540602 d:OrdinaryShareClass1 2023-12-31 10540602 d:OrdinaryShareClass1 2022-12-31 10540602 d:FRS102 2023-01-01 2023-12-31 10540602 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10540602 d:FullAccounts 2023-01-01 2023-12-31 10540602 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10540602 7 2023-01-01 2023-12-31 10540602 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure



















A24 Limited

Registered number: 10540602
Information for
filing with Registrar
For the year ended 31 December 2023

 
 10540602
31 December 2023
A24 LIMITED
REGISTERED NUMBER: 10540602

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,117
13,511

  
8,117
13,511

Current assets
  

Debtors: amounts falling due within one year
 5 
709,122
714,558

Cash at bank and in hand
  
119,788
121,195

  
828,910
835,753

Creditors: amounts falling due within one year
 6 
(1,424,106)
(1,150,516)

Net current liabilities
  
 
 
(595,196)
 
 
(314,763)

Total assets less current liabilities
  
(587,079)
(301,252)

  

Net liabilities
  
(587,079)
(301,252)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(587,179)
(301,352)

Total equity
  
(587,079)
(301,252)


- 1 -

 
 10540602
31 December 2023
A24 LIMITED
REGISTERED NUMBER: 10540602
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 comprehensive income 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: 


T P Warren
Director

Date: 14 August 2024

The notes on pages 3 to 11 form part of these financial statements.

- 2 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

A24 Limited is a private company limited by shares and incorporated in England and Wales. The company's registered number is 10540602. Its registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU.
The principal activities of the company are the provision of information technology consultancy, the management of IT infrastructure and as a reseller of open-source software providers products.

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 financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates and is rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis. The company remains assured of the financial support provided by the shareholder. The director has received confirmation that the shareholder will continue to support the company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for a period of at least twelve months from the date of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

- 3 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentation 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.

All other foreign exchange gains and losses are presented within 'administrative expenses' in the Statement of comprehensive income.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Interest payable and similar expenses

Interest payable and similar expenses 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.

- 4 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

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.

 
2.8

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

- 5 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
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:

Computer equipment
-
20%
Data equipment
-
20%

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.

 
2.9

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

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.13

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 and payable.
Financial assets
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 identified, an impairment loss is recognised in profit or loss.
 
- 6 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


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.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest.
 
- 7 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position 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 the director, during the year was 4 (2022: 4). 


4.


Tangible fixed assets





Computer equipment
Data equipment
Total

£
£
£



Cost


At 1 January 2023
21,620
7,612
29,232



At 31 December 2023

21,620
7,612
29,232



Depreciation


At 1 January 2023
15,467
254
15,721


Charge for the year
3,872
1,522
5,394



At 31 December 2023

19,339
1,776
21,115



Net book value



At 31 December 2023
2,281
5,836
8,117



At 31 December 2022
6,153
7,358
13,511

- 8 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors: Amounts falling due within one year

2023
2022
£
£


Trade debtors
423,747
275,631

Amounts owed by group undertakings
88,280
83,998

Other debtors
100
100

Prepayments and accrued income
6,292
300,571

Deferred taxation
190,703
54,258

709,122
714,558


Amounts owed by group undertakings are unsecured, interest free and payable on demand.
Included in trade debtors is an amount of £87,471 (2022: £121,296) relate to trading transactions entered into with other wholly owned members of the group and are unsecured, interest free and payable on demand. 


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
259,110
232,110

Trade creditors
524,973
742,434

Amounts owed to group undertakings
99,896
-

Other taxation and social security
147,153
50,883

Other creditors
182,902
-

Accruals and deferred income
210,072
125,089

1,424,106
1,150,516


The balance included in other loans accrues interest at 18% per annum and is repayable on demand. Assets of the company are pledged against this loan.
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
Included within other creditors is an amount of interest accrued interest in relation to overdue invoices. 

- 9 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Deferred taxation




2023


£






At beginning of year
54,258


Credited to profit or loss
136,445



At end of year
190,703

The deferred tax asset is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(2,029)
(1,636)

Short term timing differences
-
219

Losses and other deductions
192,732
55,675

190,703
54,258


8.


Called up share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022: 100) ordinary shares of £1 each
100
100

The company has one class of share, each share carries one voting right per share but no right to fixed income.



9.


Pension commitments

The company operates a defined contribution plan for all employees of the company. Contributions made into this plan are paid by the company at rates specified in the rules of the schemes. The amount payable to the plan at the balance sheet date was £nil (2022: £nil).


10.


Related party transactions

The company is exempt from disclosing related party transactions undertaken with other wholly owned members of the group that have been concluded under normal market conditions.

- 10 -

 
 10540602
31 December 2023
A24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Post balance sheet events

There have been no significant events affecting the company since the year end.


12.


Controlling party

The immediate parent undertaking is A24 Holdings Limited, a company registered in England and Wales. The registered office address of A24 Holdings Limited is 30 Old Bailey, London, United Kingdom, EC4M 7AU. 
The director considers that T P Warren is the ultimate controlling party.

- 11 -