Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetrue2023-01-01falseNo description of principal activity66The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08815998 2023-01-01 2023-12-31 08815998 2022-01-01 2022-12-31 08815998 2023-12-31 08815998 2022-12-31 08815998 c:Director3 2023-01-01 2023-12-31 08815998 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 08815998 d:Buildings d:LongLeaseholdAssets 2023-12-31 08815998 d:Buildings d:LongLeaseholdAssets 2022-12-31 08815998 d:MotorVehicles 2023-01-01 2023-12-31 08815998 d:MotorVehicles 2023-12-31 08815998 d:MotorVehicles 2022-12-31 08815998 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08815998 d:FurnitureFittings 2023-01-01 2023-12-31 08815998 d:FurnitureFittings 2023-12-31 08815998 d:FurnitureFittings 2022-12-31 08815998 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08815998 d:OfficeEquipment 2023-01-01 2023-12-31 08815998 d:OfficeEquipment 2023-12-31 08815998 d:OfficeEquipment 2022-12-31 08815998 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08815998 d:ComputerEquipment 2023-01-01 2023-12-31 08815998 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08815998 d:OtherPropertyPlantEquipment 2023-12-31 08815998 d:OtherPropertyPlantEquipment 2022-12-31 08815998 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08815998 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08815998 d:CurrentFinancialInstruments 2023-12-31 08815998 d:CurrentFinancialInstruments 2022-12-31 08815998 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08815998 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08815998 d:ShareCapital 2023-12-31 08815998 d:ShareCapital 2022-12-31 08815998 d:RetainedEarningsAccumulatedLosses 2023-12-31 08815998 d:RetainedEarningsAccumulatedLosses 2022-12-31 08815998 c:FRS102 2023-01-01 2023-12-31 08815998 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08815998 c:FullAccounts 2023-01-01 2023-12-31 08815998 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08815998 2 2023-01-01 2023-12-31 08815998 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08815998









CUESCRIPT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CUESCRIPT LIMITED
REGISTERED NUMBER: 08815998

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,060
5,227

Current assets
  

Stocks
  
376,412
358,232

Debtors: amounts falling due within one year
 5 
686,044
695,957

Cash at bank and in hand
  
513,257
341,462

  
1,575,713
1,395,651

Creditors: amounts falling due within one year
 6 
(1,300,432)
(862,438)

Net current assets
  
 
 
275,281
 
 
533,213

  

Net assets
  
277,341
538,440


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
277,340
538,439

  
277,341
538,440


Page 1

 
CUESCRIPT LIMITED
REGISTERED NUMBER: 08815998
    
BALANCE SHEET (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 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 19 September 2024.




M Accardi
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CueScript Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 15, 1st Quarter Blenheim Road, Epsom, England, KT19 9QN. 

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.

 
2.3

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 3

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, provided on the following annual bases:

Motor vehicles
-
20% straight line
Fixtures & fittings
-
20% straight line
Office equipment
-
20% straight line
Leasehold property
-
20% straight line
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 the Statement of income and retained earnings.

 
2.4

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  the Statement of income and retained earnings.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational 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.
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 the Statement of income and retained earnings

 
2.9

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.

 
2.10

Interest income

Interest income is recognised in  the Statement of income and retained earnings using the effective interest method.

 
2.11

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Taxation

Tax is recognised in  the Statement of income and retained earnings 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.

 
2.13

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 6 (2022 - 6).

Page 6

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost 


At 1 January 2023
2,553
12,700
6,111
3,732
29,693
54,789



At 31 December 2023

2,553
12,700
6,111
3,732
29,693
54,789



Depreciation


At 1 January 2023
2,066
12,700
5,755
3,732
25,309
49,562


Charge for the year on owned assets
487
-
279
-
2,401
3,167



At 31 December 2023

2,553
12,700
6,034
3,732
27,710
52,729



Net book value



At 31 December 2023
-
-
77
-
1,983
2,060



At 31 December 2022
487
-
356
-
4,384
5,227

Page 7

 
CUESCRIPT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
257,106
145,837

Amounts owed by group undertakings
124,872
238,969

Other debtors
45,331
31,883

Prepayments and accrued income
258,735
279,268

686,044
695,957



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
534,746
424,680

Amounts owed to group undertakings
534,614
389,010

Corporation tax
80,717
36,317

Other taxation and social security
8,607
9,832

Other creditors
-
2,175

Accruals
141,748
424

1,300,432
862,438



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,949 (2022 - £12,388). Contributions totalling £Nil (2022 - £2,175) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8