Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312023-05-182024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC584645 2023-04-01 2024-03-31 SC584645 2022-04-01 2023-03-31 SC584645 2024-03-31 SC584645 2023-03-31 SC584645 c:Director1 2023-04-01 2024-03-31 SC584645 c:Director2 2023-04-01 2024-03-31 SC584645 c:Director2 2024-03-31 SC584645 c:RegisteredOffice 2023-04-01 2024-03-31 SC584645 d:ComputerEquipment 2023-04-01 2024-03-31 SC584645 d:ComputerEquipment 2024-03-31 SC584645 d:ComputerEquipment 2023-03-31 SC584645 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC584645 d:CurrentFinancialInstruments 2024-03-31 SC584645 d:CurrentFinancialInstruments 2023-03-31 SC584645 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC584645 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC584645 d:ShareCapital 2024-03-31 SC584645 d:ShareCapital 2023-03-31 SC584645 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC584645 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC584645 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC584645 c:OrdinaryShareClass1 2024-03-31 SC584645 c:OrdinaryShareClass1 2023-03-31 SC584645 c:FRS102 2023-04-01 2024-03-31 SC584645 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC584645 c:FullAccounts 2023-04-01 2024-03-31 SC584645 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC584645 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC584645










443 AI LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
443 AI LTD
 

COMPANY INFORMATION


Directors
Mr J R Finch 
Mr M J Morgan (resigned 18 May 2023)




Registered number
SC584645



Registered office
International House
38 Thistle Street

Edinburgh

EH2 1EN




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
443 AI LTD
REGISTERED NUMBER: SC584645

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
2,652
4,553

  
2,652
4,553

Current assets
  

Debtors: amounts falling due within one year
 5 
35,770
119,093

Bank and cash balances
  
647
882

  
36,417
119,975

Creditors: amounts falling due within one year
 6 
(20,447)
(127,352)

Net current assets/(liabilities)
  
 
 
15,970
 
 
(7,377)

Total assets less current liabilities
  
18,622
(2,824)

Provisions for liabilities
  

Deferred tax
  
(504)
-

  
 
 
(504)
 
 
-

Net assets/(liabilities)
  
18,118
(2,824)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
18,117
(2,825)

  
18,118
(2,824)

Page 1

 
443 AI LTD
REGISTERED NUMBER: SC584645

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 by: 




Mr J R Finch
Director

Date: 24 September 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
443 AI LTD
 

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

1.


General information

The company is limited by shares and incorporated in Scotland with registration number SC584645. The registered office address is International House, 38 Thistle Street, Edinburgh, EH2 1EN.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

 
443 AI LTD
 

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

2.Accounting policies (continued)

 
2.4

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 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.


 
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.
Page 4

 
443 AI LTD
 

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

2.Accounting policies (continued)

 
2.6

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.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

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 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
14,125


Additions
1,625



At 31 March 2024

15,750



Depreciation


At 1 April 2023
9,572


Charge for the year 
3,526



At 31 March 2024

13,098



Net book value



At 31 March 2024
2,652



At 31 March 2023
4,553

Page 5

 
443 AI LTD
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
-
84,000

Other debtors
35,770
34,778

Deferred taxation
-
315

35,770
119,093


Included within other debtors, is a loan to a director of £26,968 (2023: £26,968). Interest is charged on the loan at 2.25% and the loan has no fixed repayment terms.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
-
98,028

Trade creditors
27
55

Other taxation and social security
15,821
23,359

Other creditors
2,399
2,235

Accruals and deferred income
2,200
3,675

20,447
127,352



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £0.01 each
1
1



Page 6