Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292falsetrue2falsetrue2023-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 10637208 2023-03-01 2024-02-29 10637208 2022-03-01 2023-02-28 10637208 2024-02-29 10637208 2023-02-28 10637208 c:Director1 2023-03-01 2024-02-29 10637208 d:CurrentFinancialInstruments 2024-02-29 10637208 d:CurrentFinancialInstruments 2023-02-28 10637208 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10637208 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10637208 d:ShareCapital 2024-02-29 10637208 d:ShareCapital 2023-02-28 10637208 d:RetainedEarningsAccumulatedLosses 2024-02-29 10637208 d:RetainedEarningsAccumulatedLosses 2023-02-28 10637208 c:FRS102 2023-03-01 2024-02-29 10637208 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10637208 c:FullAccounts 2023-03-01 2024-02-29 10637208 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10637208 6 2023-03-01 2024-02-29 10637208 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 10637208

















SARUMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 29 FEBRUARY 2024















Fletcher & Partners
Chartered Accountants
Salisbury

 
SARUMS LIMITED
REGISTERED NUMBER: 10637208

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
  
6,016
-

  
6,016
-

Current assets
  

Debtors: amounts falling due within one year
 5 
3,573
6,461

Cash at bank and in hand
  
35,789
42,086

  
39,362
48,547

Creditors: amounts falling due within one year
 6 
(31,137)
(31,828)

Net current assets
  
 
 
8,225
 
 
16,719

Total assets less current liabilities
  
14,241
16,719

  

Net assets
  
14,241
16,719


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
14,141
16,619

  
14,241
16,719


Page 1

 
SARUMS LIMITED
REGISTERED NUMBER: 10637208

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 statement of comprehensive income 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: 



M Phillips
Director

Date: 11 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SARUMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Sarums Limited is a private company limited by shares and incorporated in England and Wales with the registered number 10637208. Its registered office is Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ.

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

Going concern

The directors assess whether the use of the going concern basis is appropriate, i.e. whether there are material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. 
 

 
2.3

Foreign currency translation

The Company's functional and presentational currency is GBP.
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 assets and liabilities are translated using the spot exchange rate at the balance sheet date.

 
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.

Page 3

 
SARUMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.


3.


Employees




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

Page 4

 
SARUMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


Additions
6,016



At 29 February 2024
6,016





5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,712
6,051

Amounts owed by group undertakings
447
-

Other debtors
1,414
410

3,573
6,461



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
5,780
2,300

Corporation tax
-
1,256

Other creditors
22,940
22,940

Accruals and deferred income
2,417
5,332

31,137
31,828



Page 5