Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.false222023-08-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14259500 2023-08-01 2024-07-31 14259500 2022-07-27 2023-07-31 14259500 2024-07-31 14259500 2023-07-31 14259500 c:Director1 2023-08-01 2024-07-31 14259500 c:Director2 2023-08-01 2024-07-31 14259500 c:RegisteredOffice 2023-08-01 2024-07-31 14259500 d:OfficeEquipment 2023-08-01 2024-07-31 14259500 d:OfficeEquipment 2024-07-31 14259500 d:OfficeEquipment 2023-07-31 14259500 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14259500 d:ComputerEquipment 2023-08-01 2024-07-31 14259500 d:ComputerEquipment 2024-07-31 14259500 d:ComputerEquipment 2023-07-31 14259500 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14259500 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14259500 d:CurrentFinancialInstruments 2024-07-31 14259500 d:CurrentFinancialInstruments 2023-07-31 14259500 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14259500 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14259500 d:ShareCapital 2024-07-31 14259500 d:ShareCapital 2023-07-31 14259500 d:RetainedEarningsAccumulatedLosses 2024-07-31 14259500 d:RetainedEarningsAccumulatedLosses 2023-07-31 14259500 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14259500 c:OrdinaryShareClass1 2024-07-31 14259500 c:OrdinaryShareClass2 2023-08-01 2024-07-31 14259500 c:OrdinaryShareClass2 2024-07-31 14259500 c:FRS102 2023-08-01 2024-07-31 14259500 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14259500 c:FullAccounts 2023-08-01 2024-07-31 14259500 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14259500 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-08-01 2024-07-31 14259500 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-07-31 14259500 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 14259500 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14259500










SEMIBOLD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SEMIBOLD LIMITED
 
 
COMPANY INFORMATION


Directors
T P Pitcher 
M R Pitcher 




Registered number
14259500



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
SEMIBOLD LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
SEMIBOLD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SEMIBOLD LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Semibold Limited for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising 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 https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Semibold Limited, as a body, in accordance with the terms of our engagement letter dated 13 September 2022Our work has been undertaken solely to prepare for your approval the financial statements of Semibold Limited and state those matters that we have agreed to state to the Board of Directors of Semibold 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 Semibold Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Semibold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Semibold Limited. You consider that Semibold 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 Semibold 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.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

19 September 2024
Page 1

 
SEMIBOLD LIMITED
REGISTERED NUMBER: 14259500

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,299
923

  
4,299
923

Current assets
  

Debtors: amounts falling due within one year
 5 
2,499
2,907

Cash at bank and in hand
  
122,859
34,722

  
125,358
37,629

Creditors: amounts falling due within one year
 6 
(76,172)
(29,919)

Net current assets
  
 
 
49,186
 
 
7,710

Total assets less current liabilities
  
53,485
8,633

Provisions for liabilities
  

Deferred tax
  
(1,075)
(231)

  
 
 
(1,075)
 
 
(231)

Net assets
  
52,410
8,402


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
52,310
8,302

  
52,410
8,402


Page 2

 
SEMIBOLD LIMITED
REGISTERED NUMBER: 14259500
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 profit and loss account 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 19 September 2024.






T P Pitcher
Director

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

Page 3

 
SEMIBOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Semibold Limited is a private Company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ
The Company's principal activity is that of website design and development and the Company's principal place of activity is Norfolk.

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

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

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.

Page 4

 
SEMIBOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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
Computer equipment
-

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.

 
2.6

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.

 
2.7

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.

Page 5

 
SEMIBOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
SEMIBOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
1,230
-
1,230


Additions
4,655
154
4,809



At 31 July 2024

5,885
154
6,039



Depreciation


At 1 August 2023
307
-
307


Charge for the year on owned assets
1,433
-
1,433



At 31 July 2024

1,740
-
1,740



Net book value



At 31 July 2024
4,145
154
4,299


5.


Debtors

2024
2023
£
£


Trade debtors
2,263
2,603

Other debtors
-
58

Prepayments and accrued income
236
246

2,499
2,907


Page 7

 
SEMIBOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,320
1,790

Other taxation and social security
53,492
24,513

Other creditors
15,646
-

Accruals and deferred income
3,714
3,616

76,172
29,919



7.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



75 A Ordinary shares shares of £1.00 each
75
75
25 B Ordinary shares shares of £1.00 each
25
25

100

100



8.


Transactions with directors

As at 1 August 2023 the balance owed to the Company by the directors was £58.
During the year advances of
 £77,726 were made to the directors and amounts repaid by the directors totalled £93,430.
As at 31 July 2024 the balance owed to the directors by the Company was 
£15,646.

 
Page 8