Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09072081 2023-07-01 2024-06-30 09072081 2022-07-01 2023-06-30 09072081 2024-06-30 09072081 2023-06-30 09072081 c:Director1 2023-07-01 2024-06-30 09072081 d:PlantMachinery 2023-07-01 2024-06-30 09072081 d:PlantMachinery 2024-06-30 09072081 d:PlantMachinery 2023-06-30 09072081 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09072081 d:CurrentFinancialInstruments 2024-06-30 09072081 d:CurrentFinancialInstruments 2023-06-30 09072081 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09072081 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09072081 d:ShareCapital 2024-06-30 09072081 d:ShareCapital 2023-06-30 09072081 d:RetainedEarningsAccumulatedLosses 2024-06-30 09072081 d:RetainedEarningsAccumulatedLosses 2023-06-30 09072081 c:FRS102 2023-07-01 2024-06-30 09072081 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09072081 c:FullAccounts 2023-07-01 2024-06-30 09072081 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09072081 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09072081 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09072081









PERSONALISEONLINE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PERSONALISEONLINE LIMITED
REGISTERED NUMBER: 09072081

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
1,080
-

  
1,080
-

Current assets
  

Stocks
  
52,737
58,372

Debtors: amounts falling due within one year
 6 
15,553
17,835

Cash at bank and in hand
  
78,126
21,140

  
146,416
97,347

Creditors: amounts falling due within one year
 7 
(32,314)
(10,086)

Net current assets
  
 
 
114,102
 
 
87,261

Total assets less current liabilities
  
115,182
87,261

Provisions for liabilities
  

Deferred tax
 8 
(205)
-

  
 
 
(205)
 
 
-

Net assets
  
114,977
87,261


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
114,877
87,161

  
114,977
87,261


Page 1

 
PERSONALISEONLINE LIMITED
REGISTERED NUMBER: 09072081
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges his 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 23 October 2024.

N E Joels
Director

Page 2

 
PERSONALISEONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Personaliseonline Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 406 Centennial Park, Centennial Avenue, Elstree, Borehamwood, Hertfordshire, WD6 3TN. 

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

Going concern

The director believes the company will continue in operational existence for the foreseeable future and accordingly these financial statements are prepared on the going concern basis.

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

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:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Current and deferred 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 reporting date in the United Kingdom.
Deferred tax is provided where there is a timing difference between the treatment of items within the financial statements and the company's tax returns.

Page 3

 
PERSONALISEONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

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

Depreciation is provided on the following basis:

Plant and machinery
-
3 years 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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the average cost of purchase. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Page 4

 
PERSONALISEONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. 
Stocks
The valuation of stock requires an estimate of its net realisable value. 


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
1,295



At 30 June 2024

1,295



Depreciation


Charge for the year on owned assets
215



At 30 June 2024

215



Net book value



At 30 June 2024
1,080



At 30 June 2023
-

Page 5

 
PERSONALISEONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
11,047
6,142

Other debtors
307
-

Prepayments
4,199
11,693

15,553
17,835



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,257
6,873

Corporation tax
6,308
257

Other taxation and social security
9,127
130

Other creditors
722
-

Accruals
1,900
2,826

32,314
10,086



8.


Deferred taxation




2024


£






Charged to profit or loss
(205)



At end of year
(205)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(205)
-

(205)
-

Page 6

 
PERSONALISEONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

During the year, the company paid management charges to a company controlled by the director in the sum of £75,171 (2023: £22,646). At the year end date, £7,444 (2023 : £1,440) was outstanding and is included in trade creditors.

 
Page 7