Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01292129 2023-04-01 2024-03-31 01292129 2024-03-31 01292129 2022-04-01 2023-03-31 01292129 2023-03-31 01292129 c:CompanySecretary1 2023-04-01 2024-03-31 01292129 c:Director2 2023-04-01 2024-03-31 01292129 c:Director3 2023-04-01 2024-03-31 01292129 c:RegisteredOffice 2023-04-01 2024-03-31 01292129 d:PlantMachinery 2023-04-01 2024-03-31 01292129 d:PlantMachinery 2024-03-31 01292129 d:PlantMachinery 2023-03-31 01292129 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01292129 d:FurnitureFittings 2023-04-01 2024-03-31 01292129 d:FurnitureFittings 2024-03-31 01292129 d:FurnitureFittings 2023-03-31 01292129 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01292129 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:PriorPeriodIncreaseDecrease 2023-04-01 2024-03-31 01292129 d:CurrentFinancialInstruments 2024-03-31 01292129 d:CurrentFinancialInstruments 2023-03-31 01292129 d:Non-currentFinancialInstruments 2024-03-31 01292129 d:Non-currentFinancialInstruments 2023-03-31 01292129 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01292129 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01292129 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01292129 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01292129 d:ShareCapital 2024-03-31 01292129 d:ShareCapital 2023-03-31 01292129 d:CapitalRedemptionReserve 2024-03-31 01292129 d:CapitalRedemptionReserve 2023-03-31 01292129 d:RetainedEarningsAccumulatedLosses 2024-03-31 01292129 d:RetainedEarningsAccumulatedLosses 2023-03-31 01292129 c:FRS102 2023-04-01 2024-03-31 01292129 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01292129 c:FullAccounts 2023-04-01 2024-03-31 01292129 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 01292129 e:PoundSterling 2023-04-01 2024-03-31 01292129 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:PreviouslyStatedAmount 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 01292129







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


STORACALL (TELE ACOUSTICS) LIMITED






































img6853.png                        

 


STORACALL (TELE ACOUSTICS) LIMITED
 


 
COMPANY INFORMATION


Directors
J E A Leighton 
J A G Leighton 




Company secretary
M C Taylor



Registered number
01292129



Registered office
Unit 6 Enterprise Way
Cheltenham Trade Park

Cheltenham

GL51 8LZ




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


STORACALL (TELE ACOUSTICS) LIMITED
 



CONTENTS



Page
Accountants' Report
1
Statement of Financial Position
2 - 3
Notes to the Financial Statements
4 - 8


 


STORACALL (TELE ACOUSTICS) LIMITED
 

img79f2.png
 
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STORACALL (TELE ACOUSTICS) LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Storacall (Tele acoustics) Limited for the year ended 31 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at:
www.icaew.com/en/members/regulations-standards-and-guidance/.


This report is made solely to the Board of Directors of Storacall (Tele acoustics) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Storacall (Tele acoustics) Limited and state those matters that we have agreed to state to the Board of Directors of Storacall (Tele acoustics) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Storacall (Tele acoustics) Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Storacall (Tele acoustics) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Storacall (Tele acoustics) Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Storacall (Tele acoustics) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.




$AccRepSigner

Menzies LLP
 
Chartered Accountants
  
Victoria House
50-58 Victoria Road
Farnborough
Hampshire
GU14 7PG


9 October 2024
$AccRepSignerDate

Page 1

 


STORACALL (TELE ACOUSTICS) LIMITED
REGISTERED NUMBER:01292129



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,685
20,620

Tangible assets
 5 
2,298
2,434

  
20,983
23,054

Current assets
  

Stocks
  
68,288
70,702

Debtors: amounts falling due within one year
 6 
126,297
78,180

Cash at bank and in hand
  
52,206
23,174

  
246,791
172,056

Creditors: amounts falling due within one year
 7 
(142,248)
(94,756)

Net current assets
  
 
 
104,543
 
 
77,300

Total assets less current liabilities
  
125,526
100,354

Creditors: amounts falling due after more than one year
 8 
(5,833)
(10,833)

  

Net assets
  
119,693
89,521


Capital and reserves
  

Called up share capital 
  
47,500
47,500

Capital redemption reserve
  
22,500
22,500

Profit and loss account
  
49,693
19,521

  
119,693
89,521


Page 2

 


STORACALL (TELE ACOUSTICS) LIMITED
REGISTERED NUMBER:01292129


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




................................................
J E A Leighton
Director

Date: 8 October 2024

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

Page 3

 


STORACALL (TELE ACOUSTICS) LIMITED
 


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

1.


General information

Storacall Teleacoustics Limited is a private company limited by shares, incorporated in England.  The address of its registered office and principal place of business is disclosed 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

Revenue

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. 

 
2.3

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.

 
2.4

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.

 
2.5

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.

 Amortisation is provided on the following bases:

Development expenditure
-
33%
straight line

 
2.6

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.

Page 4

 


STORACALL (TELE ACOUSTICS) LIMITED
 


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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Plant and machinery
-
33%
straight line
Leasehold improvements
-
33%
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.

 
2.7

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 5 (2023 - 5).

Page 5

 


STORACALL (TELE ACOUSTICS) LIMITED
 


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

4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2023 (as previously stated)
35,696


Prior Year Adjustment
11,399


At 1 April 2023 (as restated)
47,095


Additions
9,119



At 31 March 2024

56,214



Amortisation


At 1 April 2023
26,475


Charge for the year on owned assets
11,054



At 31 March 2024

37,529



Net book value



At 31 March 2024
18,685



At 31 March 2023 (as restated)
20,620



Page 6

 


STORACALL (TELE ACOUSTICS) LIMITED
 


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

5.


Tangible fixed assets





Plant and equipment
Leasehold improvement
Total

£
£
£



Cost or valuation


At 1 April 2023
26,369
14,321
40,690


Additions
1,450
-
1,450



At 31 March 2024

27,819
14,321
42,140



Depreciation


At 1 April 2023
25,387
12,869
38,256


Charge for the year on owned assets
648
938
1,586



At 31 March 2024

26,035
13,807
39,842



Net book value



At 31 March 2024
1,784
514
2,298



At 31 March 2023
982
1,452
2,434


6.


Debtors

2024
2023
£
£


Trade debtors
80,148
44,475

Other debtors
14,196
4,080

Prepayments and accrued income
31,953
29,625

126,297
78,180


Page 7

 


STORACALL (TELE ACOUSTICS) LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Trade creditors
101,268
72,669

Other taxation and social security
3,171
2,538

Other creditors
8,387
8,272

Accruals and deferred income
24,422
6,277

142,248
94,756



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,833
10,833

5,833
10,833



9.


Prior year adjustment

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Page 8