Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3162023-04-01falseProvision of translation and interpretation services3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13898753 2023-04-01 2024-03-31 13898753 2022-02-07 2023-03-31 13898753 2024-03-31 13898753 2023-03-31 13898753 c:Director1 2023-04-01 2024-03-31 13898753 d:ComputerEquipment 2023-04-01 2024-03-31 13898753 d:ComputerEquipment 2024-03-31 13898753 d:ComputerEquipment 2023-03-31 13898753 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13898753 d:CurrentFinancialInstruments 2024-03-31 13898753 d:CurrentFinancialInstruments 2023-03-31 13898753 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13898753 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13898753 d:ShareCapital 2024-03-31 13898753 d:ShareCapital 2023-03-31 13898753 d:SharePremium 2024-03-31 13898753 d:SharePremium 2023-03-31 13898753 d:RetainedEarningsAccumulatedLosses 2024-03-31 13898753 d:RetainedEarningsAccumulatedLosses 2023-03-31 13898753 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13898753 c:OrdinaryShareClass1 2024-03-31 13898753 c:OrdinaryShareClass1 2023-03-31 13898753 c:FRS102 2023-04-01 2024-03-31 13898753 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13898753 c:FullAccounts 2023-04-01 2024-03-31 13898753 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13898753 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13898753









SIGNAPSE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
SIGNAPSE LTD
REGISTERED NUMBER: 13898753

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
5,437
1,470

  
5,437
1,470

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
149,151
12,122

Cash at bank and in hand
  
49,258
122,859

  
198,409
134,981

Creditors: amounts falling due within one year
 6 
(134,173)
(68,563)

NET CURRENT ASSETS
  
 
 
64,236
 
 
66,418

TOTAL ASSETS LESS CURRENT LIABILITIES
  
69,673
67,888

  

NET ASSETS
  
69,673
67,888


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Share premium account
  
259,928
259,928

Profit and loss account
  
(190,256)
(192,041)

  
69,673
67,888


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.

Page 1

 
SIGNAPSE LTD
REGISTERED NUMBER: 13898753
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Chalk
Director

Date: 29 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SIGNAPSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Signapse Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and trading adress is 40 Occam Road, Surrey Research Park, Guildford, GU2 7YG.

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

TURNOVER

Turnover comprises revenue from translation and interpretation services recognised by the Company exclusive of Value Added Tax.

 
2.3

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.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SIGNAPSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR 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

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:

Computer equipment
-
33%
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

DEBTORS

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

 
2.8

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.

 
2.9

CREDITORS

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

Page 4

 
SIGNAPSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 6 (2023 - 3).


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 April 2023
1,470


Additions
4,598



At 31 March 2024

6,068



DEPRECIATION


Charge for the year on owned assets
631



At 31 March 2024

631



NET BOOK VALUE



At 31 March 2024
5,437


5.


DEBTORS

2024
2023
£
£


Trade debtors
74,081
-

Other debtors
811
8,464

Prepayments and accrued income
74,259
3,658


Page 5

 
SIGNAPSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
40,583
23,726

Other taxation and social security
16,308
5,110

Other creditors
75,122
37,727

Accruals and deferred income
2,160
2,000

134,173
68,563


Included within other creditors is a year end pension liability of £1,057 (2023: £720) which is comprised of the pension contributions due for the month ending March 2024.


7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



134,755 (2023 - 134,755) Ordinary shares of £0.00001 each
1
1


 
Page 6