Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falsetrueNo description of principal activity2828falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02307694 2022-12-01 2023-11-30 02307694 2023-11-30 02307694 2021-12-01 2022-11-30 02307694 2022-11-30 02307694 c:CompanySecretary1 2022-12-01 2023-11-30 02307694 c:Director1 2022-12-01 2023-11-30 02307694 c:Director2 2022-12-01 2023-11-30 02307694 c:Director3 2022-12-01 2023-11-30 02307694 c:RegisteredOffice 2022-12-01 2023-11-30 02307694 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 02307694 d:Buildings d:ShortLeaseholdAssets 2023-11-30 02307694 d:Buildings d:ShortLeaseholdAssets 2022-11-30 02307694 d:FurnitureFittings 2022-12-01 2023-11-30 02307694 d:FurnitureFittings 2023-11-30 02307694 d:FurnitureFittings 2022-11-30 02307694 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02307694 d:ComputerEquipment 2022-12-01 2023-11-30 02307694 d:ComputerEquipment 2023-11-30 02307694 d:ComputerEquipment 2022-11-30 02307694 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02307694 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02307694 d:CurrentFinancialInstruments 2023-11-30 02307694 d:CurrentFinancialInstruments 2022-11-30 02307694 d:Non-currentFinancialInstruments 2023-11-30 02307694 d:Non-currentFinancialInstruments 2022-11-30 02307694 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02307694 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 02307694 d:ShareCapital 2023-11-30 02307694 d:ShareCapital 2022-11-30 02307694 d:SharePremium 2023-11-30 02307694 d:SharePremium 2022-11-30 02307694 d:CapitalRedemptionReserve 2023-11-30 02307694 d:CapitalRedemptionReserve 2022-11-30 02307694 d:RetainedEarningsAccumulatedLosses 2023-11-30 02307694 d:RetainedEarningsAccumulatedLosses 2022-11-30 02307694 c:FRS102 2022-12-01 2023-11-30 02307694 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 02307694 c:FullAccounts 2022-12-01 2023-11-30 02307694 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02307694 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 02307694







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


DAMAREL SYSTEMS INTERNATIONAL LIMITED






































img1823.png                        

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
A Questa 
N P Beckett 
J Boult 




Company secretary
A Questa



Registered number
02307694



Registered office
Suite A 1st Floor Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
3 - 4
Notes to the Financial Statements
5 - 8

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
REGISTERED NUMBER:02307694



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,670
9,979

Current assets
  

Debtors: amounts falling due after more than one year
 5 
6,455
10,060

Debtors: amounts falling due within one year
 5 
819,535
671,156

Bank and cash balances
  
3,121,444
2,381,864

  
3,947,434
3,063,080

Creditors: amounts falling due within one year
 6 
(948,295)
(704,331)

Net current assets
  
 
 
2,999,139
 
 
2,358,749

Total assets less current liabilities
  
3,006,809
2,368,728

  

Net assets
  
3,006,809
2,368,728


Capital and reserves
  

Called up share capital 
  
22,500
22,500

Share premium account
  
53,600
53,600

Capital redemption reserve
  
9,525
9,525

Profit and loss account
  
2,921,184
2,283,103

  
3,006,809
2,368,728

Page 3

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
REGISTERED NUMBER:02307694


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 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 30 September 2024.



................................................
A Questa
Director

The notes on pages 5 to 8 form part of these financial statements.
Page 4

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Damarel Systems International Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. The company's principal place of business is The Granary, Grange Court, Grange Road, Tongham, Farnham, Surrey GU10 1DW.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
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

The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for services provided during the year in the normal course of business, net of trade discounts and VAT. 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.

 
2.4

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.

Page 5

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

  
2.5

Pension costs

The company operates defined contributions schemes for directors and employees. The pension charge represents the amounts payable by the company during the year.

  
2.6

Research and development

Research and development expenditure written off in the year in which it is incurred.

 
2.7

Government grants

Grants are accounted 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 Income and Retained Earnings in the same period as the related expenditure.

 
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 reporting date in the countries where the Company operates and generates income.

 
2.9

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:

Leasehold property
-
20% Straight Line
Fixtures and fittings
-
15% Straight Line
Computer equipment
-
33 1/3% 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 6

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2022 - 28).


4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
45,164
57,777
573,586
676,527


Additions
-
-
5,094
5,094



At 30 November 2023

45,164
57,777
578,680
681,621



Depreciation


At 1 December 2022
45,164
55,283
566,101
666,548


Charge for the year on owned assets
-
251
7,152
7,403



At 30 November 2023

45,164
55,534
573,253
673,951



Net book value



At 30 November 2023
-
2,243
5,427
7,670



At 30 November 2022
-
2,494
7,485
9,979

Page 7

 


DAMAREL SYSTEMS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
6,455
10,060

6,455
10,060


2023
2022
£
£

Due within one year

Trade debtors
553,689
451,429

Amounts owed by group undertakings
12,876
-

Other debtors
45,119
37,868

Prepayments and accrued income
207,851
181,859

819,535
671,156



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
45,231
22,139

Corporation tax
201,121
159,435

Other taxation and social security
33,685
30,516

Other creditors
10,013
9,689

Accruals and deferred income
658,245
482,552

948,295
704,331



7.


Related party transactions

Included in other creditors is an amount of £4,110 due to a director. No interest has been applied on this balance.

 
Page 8