Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07850518 2023-01-01 2023-12-31 07850518 2022-01-01 2022-12-31 07850518 2023-12-31 07850518 2022-12-31 07850518 c:Director1 2023-01-01 2023-12-31 07850518 d:ComputerEquipment 2023-01-01 2023-12-31 07850518 d:ComputerEquipment 2023-12-31 07850518 d:ComputerEquipment 2022-12-31 07850518 d:CurrentFinancialInstruments 2023-12-31 07850518 d:CurrentFinancialInstruments 2022-12-31 07850518 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07850518 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07850518 d:ShareCapital 2023-12-31 07850518 d:ShareCapital 2022-12-31 07850518 d:RetainedEarningsAccumulatedLosses 2023-12-31 07850518 d:RetainedEarningsAccumulatedLosses 2022-12-31 07850518 c:FRS102 2023-01-01 2023-12-31 07850518 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07850518 c:FullAccounts 2023-01-01 2023-12-31 07850518 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07850518 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07850518









FLY EYE PUBLISHING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLY EYE PUBLISHING LTD
REGISTERED NUMBER: 07850518

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
107,218
162,929

Cash at bank and in hand
 6 
85,624
1,531

  
192,842
164,460

Creditors: amounts falling due within one year
 7 
(88,070)
(121,397)

Net current assets
  
 
 
104,772
 
 
43,063

Total assets less current liabilities
  
104,772
43,063

  

Net assets
  
104,772
43,063


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
103,772
42,063

  
104,772
43,063


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 on 26 September 2024.


Mr A Wiles
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
FLY EYE PUBLISHING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fly Eye Publishing Ltd is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 16 - 19 Eastcastle Street, London, W1W 8DY.

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.

 
2.2

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.

 
2.3

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.

  

Royalty income recognition

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

Page 2

 
FLY EYE PUBLISHING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

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
-
25%
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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 3

 
FLY EYE PUBLISHING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

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 2 (2022 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
500



At 31 December 2023

500



Depreciation


At 1 January 2023
500



At 31 December 2023

500



Net book value



At 31 December 2023
-



At 31 December 2022
-

Page 4

 
FLY EYE PUBLISHING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
63,719

Amounts owed by group undertakings
19,161
14,210

Other debtors
63,269
85,000

Prepayments and accrued income
24,788
-

107,218
162,929



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
85,624
1,531

85,624
1,531



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,611
214

Amounts owed to group undertakings
43,012
77,274

Corporation tax
33,397
16,920

Other taxation and social security
-
9,933

Other creditors
6,280
13,456

Accruals and deferred income
3,770
3,600

88,070
121,397


Page 5

 
FLY EYE PUBLISHING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Related party transactions

At the balance sheet date, included within other creditors, is an amount of £6,280 (2022: £13,456) due to a director of this company. This amount comprises advances made and expenses borne by him on behalf of the company, net of personal expenses paid by the company. This amount is unsecured, interest free and repayable on demand.
Also included in creditors at the balance sheet date is an amount of £43,012 (2022: £77,274) due to the parent undertaking. The amount comprises advances made to this company, net of expenses paid for that entity. The amount is unsecured, interest free and repayable on demand.
Included in debtors at the balance sheet date is an amount of £19,161 (2022: £14,210) due from a fellow subsidiary company. The amount comprises advances made and expenses borne by this company on behalf of that company. The amount is unsecured, interest free and repayable on demand.
Also included in other debtors at the balance sheet date are amounts totalling £63,000 (2022: £85,000) due from companies owned and controlled by a director of this company. The amounts comprise advances made and expenses borne by this company on behalf of those companies. The amounts are unsecured, interest free and repayable on demand.
 

 
Page 6