Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-318true2023-01-01falseNo description of principal activity5truefalse 03469422 2023-01-01 2023-12-31 03469422 2022-01-01 2022-12-31 03469422 2023-12-31 03469422 2022-12-31 03469422 c:Director1 2023-01-01 2023-12-31 03469422 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 03469422 d:Buildings d:ShortLeaseholdAssets 2023-12-31 03469422 d:Buildings d:ShortLeaseholdAssets 2022-12-31 03469422 d:PlantMachinery 2023-01-01 2023-12-31 03469422 d:PlantMachinery 2023-12-31 03469422 d:PlantMachinery 2022-12-31 03469422 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03469422 d:FurnitureFittings 2023-01-01 2023-12-31 03469422 d:FurnitureFittings 2023-12-31 03469422 d:FurnitureFittings 2022-12-31 03469422 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03469422 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03469422 d:CurrentFinancialInstruments 2023-12-31 03469422 d:CurrentFinancialInstruments 2022-12-31 03469422 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03469422 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03469422 d:ShareCapital 2023-12-31 03469422 d:ShareCapital 2022-12-31 03469422 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03469422 d:RetainedEarningsAccumulatedLosses 2023-12-31 03469422 d:RetainedEarningsAccumulatedLosses 2022-12-31 03469422 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03469422 c:OrdinaryShareClass1 2023-12-31 03469422 c:OrdinaryShareClass1 2022-12-31 03469422 c:FRS102 2023-01-01 2023-12-31 03469422 c:Audited 2023-01-01 2023-12-31 03469422 c:FullAccounts 2023-01-01 2023-12-31 03469422 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03469422 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03469422 2 2023-01-01 2023-12-31 03469422 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03469422


ACTIVEIS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACTIVEIS LIMITED
REGISTERED NUMBER: 03469422

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,205
1,390

  
2,205
1,390

Current assets
  

Debtors: amounts falling due within one year
 6 
31,525
23,610

Cash at bank and in hand
 7 
162,444
181,914

  
193,969
205,524

Creditors: amounts falling due within one year
 8 
(46,651)
(38,980)

Net current assets
  
 
 
147,318
 
 
166,544

Total assets less current liabilities
  
149,523
167,934

  

Net assets
  
149,523
167,934


Capital and reserves
  

Called up share capital 
 9 
50,000
50,000

Profit and loss account
 10 
99,523
117,934

  
149,523
167,934


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 25 September 2024.




Gerard McMurtrie
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ActiveIS Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03469422. The registered office is Jardine House, 1c Claremont Road, Teddington, Middlesex, TW11 8DH.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

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.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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 3

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the term of the lease
Plant and machinery
-
33% straight line
Fixtures and fittings
-
25% 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 4

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires management and the Board of Directors to make
estimates and judgments that affect reported amounts of assets, liabilities, revenues and expenses, and
related disclosure of contingent assets and liabilities. These estimates are based on historical experience
and various other assumptions that management and the Board believe are reasonable under the
circumstances, the results of which form the basis for making judgments about the carrying values of
assets and liabilities that are not readily apparent from other sources. Actual results may differ from these
estimates under different assumptions or conditions, significantly impacting the company's earnings and
financial position. 


4.


Employees

2023
2022
£
£

Wages and salaries
199,483
179,795

Social security costs
7,630
15,386

Cost of defined contribution scheme
4,555
3,985

211,668
199,166


The average monthly number of employees, including directors, during the year was 5 (2022 - 8).

Page 5

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
2,384
68,808
3,984
75,176


Additions
-
1,183
221
1,404



At 31 December 2023

2,384
69,991
4,205
76,580



Depreciation


At 1 January 2023
2,384
67,418
3,984
73,786


Charge for the year on owned assets
-
584
5
589



At 31 December 2023

2,384
68,002
3,989
74,375



Net book value



At 31 December 2023
-
1,989
216
2,205



At 31 December 2022
-
1,390
-
1,390


6.


Debtors

2023
2022
£
£


Trade debtors
27,901
22,412

Other debtors
699
696

Prepayments and accrued income
2,925
502

31,525
23,610



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
162,444
181,914

162,444
181,914


Page 6

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,950
7,640

Corporation tax
5,920
10,401

Other taxation and social security
26,282
16,462

Other creditors
1,299
247

Accruals and deferred income
4,200
4,230

46,651
38,980



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50,000 (2022 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



10.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses less distributions.


11.


Pension commitments

During the year under review the company contributed to certain employees personal pensions under the auto-enrolment regulations. Employer contributions totalled £4,555.48 (2022 - £3,984.51). At the balance sheet date an amout of £1,057.82 (2022 - £Nil) was outstanding.


12.


Related party transactions

During the year under review, the company paid £45,200 in dividends (2022: £38,250) to its director Mr Gerard McMurtrie. The company also paid the director a salary of £12,000 (2021: £12,000). At 31 December 2023, the loan account balance with the director was £Nil (2022: £Nil).


13.


Controlling party

During the year under review, the company was under control of Mr Gerard McMurtrie by virtue of his
shareholding.

Page 7

 
ACTIVEIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 25 September 2024 by Darryl Ashing FCA (Senior Statutory Auditor) on behalf of Ashings Limited.


Page 8