Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-315trueActivities of business and employers membership organisations6truefalse2023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09603846 2023-06-01 2024-05-31 09603846 2022-06-01 2023-05-31 09603846 2024-05-31 09603846 2023-05-31 09603846 c:Director3 2023-06-01 2024-05-31 09603846 d:OfficeEquipment 2024-05-31 09603846 d:OfficeEquipment 2023-05-31 09603846 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09603846 d:ComputerEquipment 2023-06-01 2024-05-31 09603846 d:CurrentFinancialInstruments 2024-05-31 09603846 d:CurrentFinancialInstruments 2023-05-31 09603846 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09603846 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09603846 d:RetainedEarningsAccumulatedLosses 2024-05-31 09603846 d:RetainedEarningsAccumulatedLosses 2023-05-31 09603846 c:FRS102 2023-06-01 2024-05-31 09603846 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09603846 c:FullAccounts 2023-06-01 2024-05-31 09603846 c:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 09603846 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09603846










SHEFFIELD DIGITAL LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
SHEFFIELD DIGITAL LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 09603846

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31
42

Current assets
  

Debtors: amounts falling due within one year
 5 
3,501
1,914

Cash at bank and in hand
  
18,496
26,926

  
21,997
28,840

Creditors: amounts falling due within one year
 6 
(20,925)
(16,386)

Net current assets
  
 
 
1,072
 
 
12,454

  

Net assets
  
1,103
12,496


Capital and reserves
  

Profit and loss account
  
1,103
12,496

  
1,103
12,496


Page 1

 
SHEFFIELD DIGITAL LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 09603846
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 on 15 October 2024.




M Kanarek
Director

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

Page 2

 
SHEFFIELD DIGITAL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Sheffield Digital Limited is a private Company limited by guarantee, incorporated in England and Wales (registered number: 09603846). Its registered office is The Workstation, 15 Paternoster Row, Sheffield, S1 2BX. The principal activity of the Company throughout the year continued to be that of providing support to the digital industry.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

Page 3

 
SHEFFIELD DIGITAL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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, as follows.

The depreciation rates used are:

Computer equipment
-
25% reducing balance

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 the Statement of Income and Retained Earnings.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 5).

Page 4

 
SHEFFIELD DIGITAL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 June 2023
198



At 31 May 2024

198



Depreciation


At 1 June 2023
156


Charge for the year on owned assets
11



At 31 May 2024

167



Net book value



At 31 May 2024
31



At 31 May 2023
42


5.


Debtors

2024
2023
£
£


Trade debtors
3,048
513

Other debtors
325
-

Prepayments and accrued income
128
1,401

3,501
1,914


Page 5

 
SHEFFIELD DIGITAL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,242
3,643

Corporation tax
-
325

Other taxation and social security
1,608
980

Accruals and deferred income
18,075
11,438

20,925
16,386




7.


Company status

The Company is a private Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

 
Page 6