Caseware UK (AP4) 2023.0.135 2023.0.135 The principal activity of the company continued to be that of software development.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-07-01false6062true 11614028 2022-07-01 2023-06-30 11614028 2023-07-01 2024-06-30 11614028 2024-06-30 11614028 2023-06-30 11614028 c:Director3 2023-07-01 2024-06-30 11614028 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 11614028 d:Buildings d:LongLeaseholdAssets 2024-06-30 11614028 d:Buildings d:LongLeaseholdAssets 2023-06-30 11614028 d:PlantMachinery 2023-07-01 2024-06-30 11614028 d:PlantMachinery 2024-06-30 11614028 d:PlantMachinery 2023-06-30 11614028 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11614028 d:ComputerEquipment 2023-07-01 2024-06-30 11614028 d:ComputerEquipment 2024-06-30 11614028 d:ComputerEquipment 2023-06-30 11614028 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11614028 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11614028 d:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 11614028 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 11614028 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 11614028 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 11614028 d:ComputerSoftware 2024-06-30 11614028 d:ComputerSoftware 2023-06-30 11614028 d:CurrentFinancialInstruments 2024-06-30 11614028 d:CurrentFinancialInstruments 2023-06-30 11614028 d:Non-currentFinancialInstruments 2024-06-30 11614028 d:Non-currentFinancialInstruments 2023-06-30 11614028 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11614028 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11614028 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11614028 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11614028 d:ShareCapital 2024-06-30 11614028 d:ShareCapital 2023-06-30 11614028 d:SharePremium 2024-06-30 11614028 d:SharePremium 2023-06-30 11614028 d:RetainedEarningsAccumulatedLosses 2024-06-30 11614028 d:RetainedEarningsAccumulatedLosses 2023-06-30 11614028 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11614028 c:OrdinaryShareClass1 2024-06-30 11614028 c:OrdinaryShareClass1 2023-06-30 11614028 c:OrdinaryShareClass2 2023-07-01 2024-06-30 11614028 c:OrdinaryShareClass2 2024-06-30 11614028 c:OrdinaryShareClass2 2023-06-30 11614028 c:OrdinaryShareClass3 2023-07-01 2024-06-30 11614028 c:OrdinaryShareClass3 2024-06-30 11614028 c:OrdinaryShareClass3 2023-06-30 11614028 c:OrdinaryShareClass4 2023-07-01 2024-06-30 11614028 c:OrdinaryShareClass4 2024-06-30 11614028 c:FRS102 2023-07-01 2024-06-30 11614028 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11614028 c:FullAccounts 2023-07-01 2024-06-30 11614028 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11614028 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 11614028 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 11614028 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 11614028 d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 11614028 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11614028 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11614028 d:ComputerSoftware d:OwnedIntangibleAssets 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11614028













Salesfire Ltd

Financial statements
Information for filing with the registrar

30 June 2024




 
Salesfire Ltd


Balance sheet
As 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
403,436
121,087

Tangible assets
 5 
41,285
51,604

  
444,721
172,691

Current assets
  

Debtors
 6 
453,917
490,520

Cash at bank and in hand
  
482,263
981,422

  
936,180
1,471,942

Creditors: amounts falling due within one year
 7 
(863,037)
(709,340)

Net current assets
  
 
 
73,143
 
 
762,602

Total assets less current liabilities
  
517,864
935,293

Creditors: amounts falling due after more than one year
 8 
(319,714)
(332,329)

  

Net assets
  
198,150
602,964


Capital and reserves
  

Called up share capital 
  
176
176

Share premium account
  
2,848,340
2,848,340

Profit and loss account
  
(2,650,366)
(2,245,552)

Shareholders' (deficit)/surplus
  
198,150
602,964

1

 
Salesfire Ltd

    
Balance sheet (continued)
As 30 June 2024

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 comprehensive income 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 21 August 2024.




R J Himsworth
Director

Company registered number: 11614028
The notes on pages 3 to 9 form part of these financial statements.
2

 
Salesfire Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

1.


General information

Salesfire Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The registered office address is 16-26 Albert Road, Middlesbrough, TS1 1QA.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The functional currency of the company is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared cash flow forecasts for the coming period, taking into account  expected trading cash flows and other cash requirements as the business continues to expand. The company continues to meet its day-to-day working capital requirements through financial support from shareholders. The directors expect this to continue for the foreseeable future.
Thus the directors have reasonable expectation at the time of approving the financial statements that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Turnover

The company sells e-commerce services to online retailers. For sales of services, turnover is recognised in the accounting period in which the services are rendered. 
Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

 
2.4

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

3

 
Salesfire Ltd
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)

 
2.5

Research and development expenditure

Expenditure on research activities, undertaking with the prospect of gaining new scientific or technical knowledge and understanding shall be recognised as an expense in the profit and loss account as incurred.
Development expenditure that is directly attributable to the design and testing of identifiable and unique products controlled by the company, is recognised as an intangible asset when all of the following criteria are met:
- it is technically feasible to complete the product so that it will be available for use;
- management intends to complete the product and use or sell it;
- there is an ability to use or sell the product;
- it can be demonstrated how the product will generate probable future economic benefits;
- adequate, technical, financial and other resources to complete the development and to use or sell
  the product are available; and
- the expenditure attributable to the product during its development can be reliably measured.
Other development expenditures that do not meet the above criteria are written off to the profit and loss account as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.
The useful lives and residual values of capitalised development costs are reviewed at the end of each reporting period, and adjusted if appropriate. The effect of any change is accounted for prospectively.

 
2.6

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure

 
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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

4

 
Salesfire Ltd
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Intangible assets

Intangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Amortisation is calculated, using the straight line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:
  Capitalised development costs   - 5 years straight line
             Intellectual property                     - 20 years straight line
             Website                                       - 5 years straight line

 
2.10

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Long-term leasehold property
-
5 years straight line
Fixtures and fittings
-
20% reducing balance and 4 years straight line
Computer equipment
-
33% reducing balance and 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issued' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet 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, where 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
 
5

 
Salesfire Ltd
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 60 (2023: 62).

6

 
Salesfire Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

4.


Intangible assets




Intellectual property
Development expenditure
Website
Total

£
£
£
£



Cost


At 1 July 2023
107,288
-
33,540
140,828


Additions
-
294,421
-
294,421



At 30 June 2024

107,288
294,421
33,540
435,249



Amortisation


At 1 July 2023
19,741
-
-
19,741


Charge for the year
5,364
-
6,708
12,072



At 30 June 2024

25,105
-
6,708
31,813



Net book value



At 30 June 2024
82,183
294,421
26,832
403,436



At 30 June 2023
87,547
-
33,540
121,087



7

 
Salesfire Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 July 2023
1,052
40,463
59,350
100,865


Additions
-
763
12,200
12,963


Disposals
-
-
(8,541)
(8,541)



At 30 June 2024

1,052
41,226
63,009
105,287



Depreciation


At 1 July 2023
316
25,845
23,100
49,261


Charge for the year
210
6,955
14,229
21,394


Disposals
-
-
(6,653)
(6,653)



At 30 June 2024

526
32,800
30,676
64,002



Net book value



At 30 June 2024
526
8,426
32,333
41,285



At 30 June 2023
736
14,618
36,250
51,604


6.


Debtors

2024
2023
£
£


Trade debtors
156,908
167,470

Other debtors
75,455
49,098

Tax recoverable
221,554
273,952

453,917
490,520


8

 
Salesfire Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
31,181
46,084

Trade creditors
47,528
56,439

Other taxation and social security
191,828
147,930

Other creditors
592,500
458,887

863,037
709,340



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
82,020
114,231

Shareholder loan notes
237,694
218,098

319,714
332,329



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



12,956,538  (2023 - 12,956,538) A shares of £0.000010 each
130
130
4,624,776    (2023 - 4,624,776)   C shares of £0.000010 each
46
46
23,100         (2023 - 23,100)        D shares of £0.000010 each
-
-
2                  (2023 - 2)                 E shares of £0.000020 each
-
-

176

176



10.


Related party transactions

During the year the company paid director's fees of £20,000 (2023: £20,000) to Leader Group Investments Limited. At the balance sheet date the company owed Leader Group Investments Ltd owed £Nil (2023: £Nil ) in respect of directors fees.


11.


Controlling party

The director's believe that there is no overall controlling party.
 
9