Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity56falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10380100 2023-01-01 2023-12-31 10380100 2022-01-01 2022-12-31 10380100 2023-12-31 10380100 2022-12-31 10380100 c:Director1 2023-01-01 2023-12-31 10380100 d:PlantMachinery 2023-01-01 2023-12-31 10380100 d:PlantMachinery 2023-12-31 10380100 d:PlantMachinery 2022-12-31 10380100 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10380100 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10380100 d:MotorVehicles 2023-01-01 2023-12-31 10380100 d:MotorVehicles 2023-12-31 10380100 d:MotorVehicles 2022-12-31 10380100 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10380100 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10380100 d:OfficeEquipment 2023-01-01 2023-12-31 10380100 d:OfficeEquipment 2023-12-31 10380100 d:OfficeEquipment 2022-12-31 10380100 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10380100 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10380100 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10380100 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10380100 d:CurrentFinancialInstruments 2023-12-31 10380100 d:CurrentFinancialInstruments 2022-12-31 10380100 d:Non-currentFinancialInstruments 2023-12-31 10380100 d:Non-currentFinancialInstruments 2022-12-31 10380100 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10380100 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10380100 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10380100 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10380100 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10380100 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 10380100 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10380100 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10380100 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 10380100 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 10380100 d:ShareCapital 2023-12-31 10380100 d:ShareCapital 2022-12-31 10380100 d:SharePremium 2023-12-31 10380100 d:SharePremium 2022-12-31 10380100 d:RetainedEarningsAccumulatedLosses 2023-12-31 10380100 d:RetainedEarningsAccumulatedLosses 2022-12-31 10380100 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10380100 c:OrdinaryShareClass1 2023-12-31 10380100 c:OrdinaryShareClass1 2022-12-31 10380100 c:FRS102 2023-01-01 2023-12-31 10380100 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10380100 c:FullAccounts 2023-01-01 2023-12-31 10380100 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10380100 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 10380100 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 10380100 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 10380100 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 10380100 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 10380100 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 10380100 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 10380100 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 10380100 d:LeasedAssetsHeldAsLessee 2023-12-31 10380100 d:LeasedAssetsHeldAsLessee 2022-12-31 10380100 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10380100










THE STANDING CT COMPANY LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE STANDING CT COMPANY LIMITED
REGISTERED NUMBER: 10380100

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
275,670
343,836

Investments
 5 
73,899
73,899

  
349,569
417,735

Current assets
  

Debtors: amounts falling due within one year
 6 
162,772
44,256

Cash at bank and in hand
 7 
58,403
35,415

  
221,175
79,671

Creditors: amounts falling due within one year
 8 
(542,197)
(157,737)

Net current liabilities
  
 
 
(321,022)
 
 
(78,066)

Total assets less current liabilities
  
28,547
339,669

Creditors: amounts falling due after more than one year
 9 
(114,823)
(177,871)

  

Net (liabilities)/assets
  
(86,276)
161,798


Capital and reserves
  

Called up share capital 
 12 
10,286
10,064

Share premium account
  
1,745,398
1,614,835

Profit and loss account
  
(1,841,960)
(1,463,101)

  
(86,276)
161,798


Page 1

 
THE STANDING CT COMPANY LIMITED
REGISTERED NUMBER: 10380100
    
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 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 on 17 September 2024.




J S Kraft
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Standing CT Company Limited is a company domiciled in England and Wales, the company number is 10380100. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 3

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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

Borrowing costs

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

 
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 accruals 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

Taxation

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.

 
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.

Page 4

 
THE STANDING CT COMPANY 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, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Office equipment
-
20%
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.

 
2.9

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, 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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 5

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
393,526
182,492
6,139
582,157


Additions
-
-
708
708



At 31 December 2023

393,526
182,492
6,847
582,865



Depreciation


At 1 January 2023
156,833
78,301
3,188
238,322


Charge for the year on owned assets
-
-
696
696


Charge for the year on financed assets
47,339
20,838
-
68,177



At 31 December 2023

204,172
99,139
3,884
307,195



Net book value



At 31 December 2023
189,354
83,353
2,963
275,670



At 31 December 2022
236,694
104,191
2,951
343,836

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
160,731
200,913

Motor vehicles
23,570
29,462

184,301
230,375

Page 6

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
73,899



At 31 December 2023
73,899





6.


Debtors

2023
2022
£
£


Trade debtors
133,492
38,187

Other debtors
16,437
-

Prepayments and accrued income
12,843
6,069

162,772
44,256



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58,403
35,415

58,403
35,415


Page 7

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,250
6,250

Trade creditors
37,966
37,855

Other taxation and social security
28,836
10,193

Obligations under finance lease and hire purchase contracts
56,799
56,799

Other creditors
299,176
27,065

Accruals and deferred income
113,170
19,575

542,197
157,737



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
32,292
38,541

Net obligations under finance leases and hire purchase contracts
82,531
139,330

114,823
177,871


Page 8

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,250
6,250


6,250
6,250

Amounts falling due 1-2 years

Bank loans
6,250
6,250


6,250
6,250

Amounts falling due 2-5 years

Bank loans
18,750
18,750


18,750
18,750

Amounts falling due after more than 5 years

Bank loans
7,292
13,542

7,292
13,542

38,542
44,792



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
56,799
56,799

Between 1-5 years
82,531
139,330

139,330
196,129

Page 9

 
THE STANDING CT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,028,591 (2022 - 1,006,424) Ordinary shares of £0.01 each
10,286
10,064


During the year the company issued a further 22,167 ordinary £0.01 shares for a total consideration of £130,785.

 
Page 10