Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-012false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07892925 2023-01-01 2023-12-31 07892925 2022-01-01 2022-12-31 07892925 2023-12-31 07892925 2022-12-31 07892925 c:Director1 2023-01-01 2023-12-31 07892925 d:OfficeEquipment 2023-01-01 2023-12-31 07892925 d:OfficeEquipment 2023-12-31 07892925 d:OfficeEquipment 2022-12-31 07892925 d:Goodwill 2023-12-31 07892925 d:Goodwill 2022-12-31 07892925 d:CurrentFinancialInstruments 2023-12-31 07892925 d:CurrentFinancialInstruments 2022-12-31 07892925 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07892925 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07892925 d:ShareCapital 2023-12-31 07892925 d:ShareCapital 2022-12-31 07892925 d:RetainedEarningsAccumulatedLosses 2023-12-31 07892925 d:RetainedEarningsAccumulatedLosses 2022-12-31 07892925 c:FRS102 2023-01-01 2023-12-31 07892925 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07892925 c:FullAccounts 2023-01-01 2023-12-31 07892925 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07892925 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 07892925


FIRSDIT LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FIRSDIT LTD
REGISTERED NUMBER: 07892925

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
34,604
34,400

Cash at bank and in hand
 7 
-
547

  
34,604
34,947

Creditors: amounts falling due within one year
 8 
(918,698)
(915,747)

Net current liabilities
  
 
 
(884,094)
 
 
(880,800)

Total assets less current liabilities
  
(884,094)
(880,800)

  

Net liabilities
  
(884,094)
(880,800)


Capital and reserves
  

Called up share capital 
  
25
25

Profit and loss account
  
(884,119)
(880,825)

  
(884,094)
(880,800)


Page 1

 
FIRSDIT LTD
REGISTERED NUMBER: 07892925
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




................................................
Stephen James Dorrell
Director

Date: 28 October 2024

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

Page 2

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

1.


General information

Firsdit Ltd, registered number 07892925, is a private limited company limited by share capital
registered in England and Wales. The registered office is 1 Vincent Square, London SW1P 2PN.

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.

 
2.2

Going concern

The directors have discussed in detail, and believe that is it appropriate to prepare the financial
statement on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
The directors have reviewed budgets and forecasts for a period of 12 months from approval of the
accounts and it is of their opinion that the company can continue as a going concern for the
forseeable future.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 3

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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
-
20%
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.

 
2.6

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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

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

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
70,000



At 31 December 2023

70,000



Amortisation


At 1 January 2023
70,000



At 31 December 2023

70,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 5

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

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
1,679



At 31 December 2023

1,679



Depreciation


At 1 January 2023
1,679



At 31 December 2023

1,679



Net book value



At 31 December 2023
-



At 31 December 2022
-


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
34,549
34,400

Other debtors
55
-

34,604
34,400



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
547

Less: bank overdrafts
(15)
-

(15)
547


Page 6

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
15
-

Trade creditors
3,456
3,432

Other taxation and social security
-
417

Other creditors
913,227
909,898

Accruals and deferred income
2,000
2,000

918,698
915,747



9.


Related party transactions

At the balance sheet date there was an amount of £538,233 (2022 - £537,233) owed to related companies. There is no interest charged and no fixed date for repayment.
At the balance sheet date there was an amount of £34,550 (2022 - £34,400) owed from related companies. There is no interest charged and no fixed date for repayment.
At the balance sheet date there was an amount of £374,993 (2022 - £372,663) owed to directors. There is no interest charged and no fixed date for repayment.


10.


Controlling party

The ultimate controlling party is Global Insight Holdings Ltd by virtue of its shareholding.

 
Page 7