Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false32023-01-01falseProviding reliable & cost-efficient hosted solutions in the telecommunications industry.4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07740921 2023-01-01 2023-12-31 07740921 2022-01-01 2022-12-31 07740921 2023-12-31 07740921 2022-12-31 07740921 2022-01-01 07740921 c:Director4 2023-01-01 2023-12-31 07740921 d:OfficeEquipment 2023-01-01 2023-12-31 07740921 d:OfficeEquipment 2023-12-31 07740921 d:OfficeEquipment 2022-12-31 07740921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07740921 d:ComputerEquipment 2023-01-01 2023-12-31 07740921 d:ComputerEquipment 2023-12-31 07740921 d:ComputerEquipment 2022-12-31 07740921 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07740921 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07740921 d:CurrentFinancialInstruments 2023-12-31 07740921 d:CurrentFinancialInstruments 2022-12-31 07740921 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07740921 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07740921 d:ShareCapital 2023-01-01 2023-12-31 07740921 d:ShareCapital 2023-12-31 07740921 d:ShareCapital 2022-01-01 2022-12-31 07740921 d:ShareCapital 2022-12-31 07740921 d:ShareCapital 2022-01-01 07740921 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07740921 d:RetainedEarningsAccumulatedLosses 2023-12-31 07740921 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07740921 d:RetainedEarningsAccumulatedLosses 2022-12-31 07740921 d:RetainedEarningsAccumulatedLosses 2022-01-01 07740921 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07740921 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07740921 c:FRS102 2023-01-01 2023-12-31 07740921 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07740921 c:FullAccounts 2023-01-01 2023-12-31 07740921 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07740921 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07740921










DIAL 9 COMMUNICATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DIAL 9 COMMUNICATIONS LIMITED
REGISTERED NUMBER:07740921

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
656
1,172

  
656
1,172

Current assets
  

Debtors: amounts falling due within one year
 5 
25,285
26,747

Cash at bank and in hand
 6 
108,796
180,678

  
134,081
207,425

Creditors: amounts falling due within one year
 7 
(92,130)
(94,677)

Net current assets
  
 
 
41,951
 
 
112,748

Total assets less current liabilities
  
42,607
113,920

Provisions for liabilities
  

Deferred tax
 8 
(164)
(293)

  
 
 
(164)
 
 
(293)

Net assets
  
42,443
113,627


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
42,343
113,527

  
42,443
113,627


Page 1

 
DIAL 9 COMMUNICATIONS LIMITED
REGISTERED NUMBER:07740921
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income statement 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: 




................................................
D C Quinney
Director

Date: 13 September 2024

N.B. Complete 'ACCOUNTS COMPLETION' section
The notes on pages 5 to 11 form part of these financial statements.

Page 2

 

DIAL 9 COMMUNICATIONS LIMITED
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023



Called up share capital
Profit and loss account
Total equity


£
£
£


At 1 January 2023
100
113,527
113,627



Comprehensive income for the year


Profit for the year

-
208,816
208,816



Other comprehensive income for the year
-
-
-



Total comprehensive income for the year
-
208,816
208,816



Contributions by and distributions to owners


Dividends: Equity capital
-
(280,000)
(280,000)



Total transactions with owners
-
(280,000)
(280,000)



At 31 December 2023
100
42,343
42,443



The notes on pages 5 to 11 form part of these financial statements.

Page 3

 

DIAL 9 COMMUNICATIONS LIMITED
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022



Called up share capital
Profit and loss account
Total equity


£
£
£


At 1 January 2022
100
45,417
45,517



Comprehensive income for the year


Profit for the year

-
218,110
218,110



Other comprehensive income for the year
-
-
-



Total comprehensive income for the year
-
218,110
218,110



Contributions by and distributions to owners


Dividends: Equity capital
-
(150,000)
(150,000)



Total transactions with owners
-
(150,000)
(150,000)



At 31 December 2022
100
113,527
113,627



The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dial 9 Communications Limited is a company limited by shares incorporated in England and Wales, registered company number 07740921. The registered office address is 124 City Road, London, England, EC1V 2NX.

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 are presented in sterling which is the functional currency of the company
and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

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.

Page 5

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
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 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.

 
2.6

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 6

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
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:

Office equipment
-
15%
Reducing balance
Computer equipment
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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 7

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

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.

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2022 - 3).

Page 8

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
950
10,060
11,010


Additions
-
92
92


Disposals
-
(8,644)
(8,644)



At 31 December 2023

950
1,508
2,458



Depreciation


At 1 January 2023
250
9,588
9,838


Charge for the year on owned assets
105
503
608


Disposals
-
(8,644)
(8,644)



At 31 December 2023

355
1,447
1,802



Net book value



At 31 December 2023
595
61
656



At 31 December 2022
700
472
1,172


5.


Debtors

2023
2022
£
£


Trade debtors
24,535
25,997

Prepayments and accrued income
750
750

25,285
26,747


Page 9

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
108,796
180,678

108,796
180,678



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,936
20,474

Corporation tax
64,387
51,264

Other taxation and social security
21,791
22,089

Accruals and deferred income
3,016
850

92,130
94,677



8.


Deferred taxation




2023


£






At beginning of year
(293)


Utilised in year
129



At end of year
(164)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(164)
(293)

(164)
(293)

Page 10

 
DIAL 9 COMMUNICATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Controlling party

The company is controlled by Krystal Hosting Ltd, a company registered in England and Wales, by virtue of the fact it owns 100% of the issued share capital. This is also the company's ultimate controlling party and parent undertaking. The registered office is 124 City Road, London, England, EC1V 2NX.

 
Page 11