Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12204494 2023-04-01 2024-03-31 12204494 2022-04-01 2023-03-31 12204494 2024-03-31 12204494 2023-03-31 12204494 c:Director2 2023-04-01 2024-03-31 12204494 d:OfficeEquipment 2023-04-01 2024-03-31 12204494 d:OfficeEquipment 2024-03-31 12204494 d:OfficeEquipment 2023-03-31 12204494 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12204494 d:CurrentFinancialInstruments 2024-03-31 12204494 d:CurrentFinancialInstruments 2023-03-31 12204494 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12204494 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12204494 d:ShareCapital 2024-03-31 12204494 d:ShareCapital 2023-03-31 12204494 d:SharePremium 2024-03-31 12204494 d:SharePremium 2023-03-31 12204494 d:RetainedEarningsAccumulatedLosses 2024-03-31 12204494 d:RetainedEarningsAccumulatedLosses 2023-03-31 12204494 c:FRS102 2023-04-01 2024-03-31 12204494 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12204494 c:FullAccounts 2023-04-01 2024-03-31 12204494 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12204494 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12204494









SHIDO GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
SHIDO GROUP LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
SHIDO GROUP LTD
REGISTERED NUMBER: 12204494

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,111
10,114

  
7,111
10,114

Current assets
  

Debtors: amounts falling due within one year
 5 
320,959
233,195

Cash at bank and in hand
 6 
718
801

  
321,677
233,996

Creditors: amounts falling due within one year
 7 
(1,174,472)
(488,424)

Net current liabilities
  
 
 
(852,795)
 
 
(254,428)

Total assets less current liabilities
  
(845,684)
(244,314)

  

Net liabilities
  
(845,684)
(244,314)


Capital and reserves
  

Called up share capital 
  
127
124

Share premium account
  
2,699,973
2,399,976

Profit and loss account
  
(3,545,784)
(2,644,414)

  
(845,684)
(244,314)


Page 1

 
SHIDO GROUP LTD
REGISTERED NUMBER: 12204494
    
BALANCE SHEET (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 period 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: 




................................................
T Gordon
Director

Date: 17 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SHIDO GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Shido Group Ltd is a private company, limited by shares, domiciled in England and Wales,
registration number 12204494. The registered office is 17 Clifford Street, London W1S 3RQ.

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

The directors considers it appropriate to prepare the financial statements on a going concern basis. 
The company continues to pay its debts as they fall due and retains the support of the directors and  shareholders.

 
2.3

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.

 
2.4

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.

Page 3

 
SHIDO GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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:

Office equipment
-
25%
Straight Line Method

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
SHIDO GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

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

Page 5

 
SHIDO GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
16,016



At 31 March 2024

16,016



Depreciation


At 1 April 2023
5,902


Charge for the period on owned assets
3,003



At 31 March 2024

8,905



Net book value



At 31 March 2024
7,111



At 31 March 2023
10,114


5.


Debtors

2024
2023
£
£


Other debtors
320,859
203,641

Called up share capital not paid
100
100

Prepayments and accrued income
-
29,454

320,959
233,195



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
718
801

718
801


Page 6

 
SHIDO GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
192,373
1,875

Other taxation and social security
216,406
119,059

Other creditors
757,843
364,340

Accruals and deferred income
7,850
3,150

1,174,472
488,424


 
Page 7