Caseware UK (AP4) 2023.0.135 2023.0.135 false62023-04-01No description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07945279 2023-04-01 2024-03-31 07945279 2022-04-01 2023-03-31 07945279 2024-03-31 07945279 2023-03-31 07945279 c:Director1 2023-04-01 2024-03-31 07945279 d:OfficeEquipment 2023-04-01 2024-03-31 07945279 d:OfficeEquipment 2024-03-31 07945279 d:OfficeEquipment 2023-03-31 07945279 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07945279 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07945279 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 07945279 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 07945279 d:Goodwill 2024-03-31 07945279 d:Goodwill 2023-03-31 07945279 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 07945279 d:CurrentFinancialInstruments 2024-03-31 07945279 d:CurrentFinancialInstruments 2023-03-31 07945279 d:Non-currentFinancialInstruments 2024-03-31 07945279 d:Non-currentFinancialInstruments 2023-03-31 07945279 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07945279 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07945279 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07945279 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07945279 d:ShareCapital 2024-03-31 07945279 d:ShareCapital 2023-03-31 07945279 d:CapitalRedemptionReserve 2024-03-31 07945279 d:CapitalRedemptionReserve 2023-03-31 07945279 d:RetainedEarningsAccumulatedLosses 2024-03-31 07945279 d:RetainedEarningsAccumulatedLosses 2023-03-31 07945279 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07945279 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07945279 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07945279 c:OrdinaryShareClass1 2024-03-31 07945279 c:FRS102 2023-04-01 2024-03-31 07945279 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07945279 c:FullAccounts 2023-04-01 2024-03-31 07945279 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07945279 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 07945279 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 07945279 2 2023-04-01 2024-03-31 07945279 d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 07945279 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 07945279 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 07945279 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07945279










Black Isle (Europe) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
Black Isle (Europe) Limited
Registered number: 07945279

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
125,427
169,253

Tangible assets
 5 
2,886
2,965

  
128,313
172,218

Current assets
  

Debtors: amounts falling due within one year
 6 
124,054
34,438

Cash at bank and in hand
  
60,705
484,370

  
184,759
518,808

Creditors: amounts falling due within one year
 7 
(170,612)
(213,591)

Net current assets
  
 
 
14,147
 
 
305,217

Total assets less current liabilities
  
142,460
477,435

Creditors: amounts falling due after more than one year
 8 
(11,667)
(21,667)

Provisions for liabilities
  

Deferred tax
 9 
(722)
(741)

  
 
 
(722)
 
 
(741)

Net assets
  
130,071
455,027


Capital and reserves
  

Called up share capital 
 10 
8
8

Capital redemption reserve
  
4
4

Profit and loss account
  
130,059
455,015

  
130,071
455,027


Page 1

 
Black Isle (Europe) Limited
Registered number: 07945279

Balance sheet (continued)
As at 31 March 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 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: 




................................................
J W S Campbell
Director

Date: 13 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

The company is a private company, limited by share capital, incorporated in England and Wales with registration number, 07945279.
The address of its registered office is:
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
These financial statements are presented in sterling and are rounded to the nearest £1.

2.Accounting policies

  
2.1

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

 
2.2

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:

 
2.3

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:

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.

Page 3

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
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.

 The estimated useful lives range as follows:

Development expenditure
-
3
years
Other intangible fixed assets
-
3
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
on reducing balance

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.

Page 4

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.9

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.

 
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.

 
2.11

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.

 
2.12

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.

 
2.13

Interest income

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

 
2.14

Borrowing costs

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

Page 5

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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 balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).

Page 6

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

4.


Intangible assets




Development expenditure
Other intangible assets
Total

£
£
£



Cost


At 1 April 2023
253,879
63,283
317,162


Additions
61,200
-
61,200



At 31 March 2024

315,079
63,283
378,362



Amortisation


At 1 April 2023
84,626
63,283
147,909


Charge for the year on owned assets
105,026
-
105,026



At 31 March 2024

189,652
63,283
252,935



Net book value



At 31 March 2024
125,427
-
125,427



At 31 March 2023
169,253
-
169,253



Page 7

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
27,855


Additions
883



At 31 March 2024

28,738



Depreciation


At 1 April 2023
24,890


Charge for the year on owned assets
962



At 31 March 2024

25,852



Net book value



At 31 March 2024
2,886



At 31 March 2023
2,965


6.


Debtors

2024
2023
£
£


Trade debtors
124,046
1,445

Amounts owed by group undertakings
8
8

Other debtors
-
32,985

124,054
34,438


Page 8

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
57,204
64,734

Corporation tax
32,559
8,377

Other taxation and social security
19,624
10,030

Other creditors
48,875
112,413

Accruals and deferred income
2,350
8,037

170,612
213,591



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

11,667
21,667


Page 9

 
Black Isle (Europe) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

9.


Deferred taxation




2024


£






At beginning of year
(741)


Charged to profit or loss
19



At end of year
(722)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(722)
(741)

(722)
(741)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8 Ordinary A shares of £1 each
8
8



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £24,692 (2023 - £26,085). Contributions totalling £800 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors


12.


Controlling party

The company is controlled by the parent undertaking, Black Isle (Europe) Holdings Limited.
The group, headed by Black Isle (Europe) Holdings Limited, qualify as small as set out in section 383 of the Companies Act 2006 and is therefore eligible for exemption to prepare consolidated accounts.


Page 10