Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04570644 2023-04-01 2024-03-31 04570644 2022-04-01 2023-03-31 04570644 2024-03-31 04570644 2023-03-31 04570644 c:Director1 2023-04-01 2024-03-31 04570644 d:FurnitureFittings 2023-04-01 2024-03-31 04570644 d:FurnitureFittings 2024-03-31 04570644 d:FurnitureFittings 2023-03-31 04570644 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04570644 d:OfficeEquipment 2023-04-01 2024-03-31 04570644 d:OfficeEquipment 2024-03-31 04570644 d:OfficeEquipment 2023-03-31 04570644 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04570644 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04570644 d:CurrentFinancialInstruments 2024-03-31 04570644 d:CurrentFinancialInstruments 2023-03-31 04570644 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04570644 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04570644 d:ShareCapital 2024-03-31 04570644 d:ShareCapital 2023-03-31 04570644 d:RetainedEarningsAccumulatedLosses 2024-03-31 04570644 d:RetainedEarningsAccumulatedLosses 2023-03-31 04570644 c:FRS102 2023-04-01 2024-03-31 04570644 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04570644 c:FullAccounts 2023-04-01 2024-03-31 04570644 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04570644 d:WithinOneYear 2024-03-31 04570644 d:WithinOneYear 2023-03-31 04570644 2 2023-04-01 2024-03-31 04570644 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04570644









24 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
24 LIMITED
REGISTERED NUMBER: 04570644

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,278
7,597

Current assets
  

Stocks
  
196,741
60,671

Debtors: amounts falling due within one year
 5 
505,001
412,400

Cash at bank and in hand
  
906,296
535,510

  
1,608,038
1,008,581

Creditors: amounts falling due within one year
 6 
(585,454)
(357,548)

Net current assets
  
 
 
1,022,584
 
 
651,033

  

Net assets
  
1,031,862
658,630


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,031,662
658,430

  
1,031,862
658,630


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.

Page 1

 
24 LIMITED
REGISTERED NUMBER: 04570644
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 11 September 2024.




Mr I R Vardigans
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

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

1.


General information

24 Limited ("the Company") is a private company limited by shares, incorporated in England and Wales.
Its registered office is Leytonstone House, 3 Hanbury Drive, London, E11 1GA.

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

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

 
2.6

Pensions

The Company makes contributions to certain employees' personal pension schemes.

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 the Statement of income and retained earnings 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 3

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

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:

Fixtures and fittings
-
25% 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.

 
2.9

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.


Page 4

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

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

 
2.13

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.

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.

 
2.14

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 9 (2023 - 9).

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 April 2023
10,220
58,116
68,336


Additions
-
6,301
6,301



At 31 March 2024

10,220
64,417
74,637



Depreciation


At 1 April 2023
9,944
50,795
60,739


Charge for the year on owned assets
90
4,530
4,620



At 31 March 2024

10,034
55,325
65,359



Net book value



At 31 March 2024
186
9,092
9,278



At 31 March 2023
276
7,321
7,597

Page 6

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

5.


Debtors

2024
2023
£
£


Trade debtors
470,776
394,663

Other debtors
21,514
7,200

Prepayments
12,711
10,537

505,001
412,400



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
229,991
163,014

Corporation tax
174,986
12,106

Other taxation and social security
45,383
51,495

Other creditors
2,862
2,966

Accruals and deferred income
132,232
127,967

585,454
357,548



7.


Pension commitments

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the funds in respect of the year. The assets of the scheme are held separately from those of the Company in an independently administered fund. The Company also makes contributions to certain employees' personal pension schemes. The pension cost charge represents contributions payable by the Company to the funds and amounted to £22,821 (2023 - £17,922). An amount of £Nil (2023 - £Nil) was outstanding at the balance sheet date.


8.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,252
18,370

 
Page 7