Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity119truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10354347 2023-01-01 2023-12-31 10354347 2022-01-01 2022-12-31 10354347 2023-12-31 10354347 2022-12-31 10354347 c:Director3 2023-01-01 2023-12-31 10354347 d:ComputerEquipment 2023-01-01 2023-12-31 10354347 d:ComputerEquipment 2023-12-31 10354347 d:ComputerEquipment 2022-12-31 10354347 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10354347 d:ComputerSoftware 2023-12-31 10354347 d:ComputerSoftware 2022-12-31 10354347 d:CurrentFinancialInstruments 2023-12-31 10354347 d:CurrentFinancialInstruments 2022-12-31 10354347 d:Non-currentFinancialInstruments 2023-12-31 10354347 d:Non-currentFinancialInstruments 2022-12-31 10354347 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10354347 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10354347 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10354347 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10354347 d:ShareCapital 2023-12-31 10354347 d:ShareCapital 2022-12-31 10354347 d:SharePremium 2023-12-31 10354347 d:SharePremium 2022-12-31 10354347 d:OtherMiscellaneousReserve 2023-12-31 10354347 d:OtherMiscellaneousReserve 2022-12-31 10354347 d:RetainedEarningsAccumulatedLosses 2023-12-31 10354347 d:RetainedEarningsAccumulatedLosses 2022-12-31 10354347 c:FRS102 2023-01-01 2023-12-31 10354347 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10354347 c:FullAccounts 2023-01-01 2023-12-31 10354347 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10354347 d:WithinOneYear 2023-12-31 10354347 d:WithinOneYear 2022-12-31 10354347 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 10354347 6 2023-01-01 2023-12-31 10354347 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 10354347 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 10354347







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


TMT ANALYSIS LIMITED










































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TMT ANALYSIS LIMITED
REGISTERED NUMBER:10354347



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,715,142
1,216,656

Tangible assets
 5 
1,376
2,859

Investments
 6 
1,797,475
188

  
3,513,993
1,219,703

Current assets
  

Debtors: amounts falling due within one year
 7 
1,963,048
1,363,531

Bank and cash balances
  
3,159,896
3,735,026

  
5,122,944
5,098,557

Creditors: amounts falling due within one year
 8 
(1,766,901)
(1,229,206)

Net current assets
  
 
 
3,356,043
 
 
3,869,351

Total assets less current liabilities
  
6,870,036
5,089,054

Creditors: amounts falling due after more than one year
  
(150,000)
-

Provisions for liabilities
  

Deferred tax
  
(375,435)
(247,320)

  
 
 
(375,435)
 
 
(247,320)

Net assets
  
6,344,601
4,841,734


Capital and reserves
  

Called up share capital 
  
11
11

Share premium account
  
156,499
156,499

Share options
  
4,544
-

Profit and loss account
  
6,183,547
4,685,224

  
6,344,601
4,841,734


Page 1

 


TMT ANALYSIS LIMITED
REGISTERED NUMBER:10354347


    
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 profit and loss account 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: 




................................................
J B Wilkinson
Director

Date: 24 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


TMT ANALYSIS LIMITED
 


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

1.


General information

TMT Analysis Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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 and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

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 3

 


TMT ANALYSIS LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

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.

 
2.8

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.

Page 4

 


TMT ANALYSIS LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 9).

Page 5

 


TMT ANALYSIS LIMITED
 


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

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
1,752,549


Additions
913,639



At 31 December 2023

2,666,188



Amortisation


At 1 January 2023
535,893


Charge for the year on owned assets
415,153



At 31 December 2023

951,046



Net book value



At 31 December 2023
1,715,142



At 31 December 2022
1,216,656



Page 6

 


TMT ANALYSIS LIMITED
 


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

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
4,450



At 31 December 2023

4,450



Depreciation


At 1 January 2023
1,591


Charge for the year on owned assets
1,483



At 31 December 2023

3,074



Net book value



At 31 December 2023
1,376



At 31 December 2022
2,859


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
188


Additions
1,797,287



At 31 December 2023
1,797,475




Page 7

 


TMT ANALYSIS LIMITED
 


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

7.


Debtors

2023
2022
£
£


Trade debtors
1,341,605
1,151,993

Amounts owed by group undertakings
403,583
80,649

Other debtors
119,965
31,771

Prepayments and accrued income
97,895
99,118

1,963,048
1,363,531



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
443,898
383,195

Amounts owed to group undertakings
9,147
-

Corporation tax
-
260,525

Other creditors
516,015
3,808

Accruals and deferred income
797,841
581,678

1,766,901
1,229,206



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
150,000
-

150,000
-


Page 8

 


TMT ANALYSIS LIMITED
 


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


10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
45,000
49,680

45,000
49,680


11.


Directors benefits: advances, credits and guarantees

Included within debtors is an amount of £93,000 (2022: £Nil) receivable from the company directors. This balance is free of interest and was repaid after the year end date.

 
Page 9