1 April 2023 false Taxfiler 2024.6 12768718business:PrivateLimitedCompanyLtd2023-04-012024-03-31 127687182023-03-31 127687182023-04-012024-03-31 12768718business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 12768718business:FilletedAccounts2023-04-012024-03-31 127687182024-03-31 12768718business:Director12023-04-012024-03-31 12768718business:RegisteredOffice2023-04-012024-03-31 127687182023-03-31 12768718core:WithinOneYear2024-03-31 12768718core:WithinOneYear2023-03-31 12768718core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 12768718core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12768718core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 12768718core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 12768718core:CapitalContributionReservecore:PreviouslyStatedAmount2024-03-31 12768718core:CapitalContributionReservecore:PreviouslyStatedAmount2023-03-31 12768718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12768718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12768718core:PreviouslyStatedAmount2024-03-31 12768718core:PreviouslyStatedAmount2023-03-31 12768718business:SmallEntities2023-04-012024-03-31 12768718countries:EnglandWales2023-04-012024-03-31 12768718core:ComputerEquipment2023-03-31 12768718core:ComputerEquipment2023-04-012024-03-31 12768718core:ComputerEquipment2024-03-31 127687182022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12768718 (England and Wales)
ControUK Limited Unaudited accounts for the year ended 31 March 2024
ControUK Limited Unaudited accounts Contents
Page
- 2 -
ControUK Limited Company Information for the year ended 31 March 2024
Director
Alexander Schmid
Company Number
12768718 (England and Wales)
Registered Office
9 Sudbrook Gardens Richmond TW10 7DD England
- 3 -
ControUK Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,082 
1,391 
Current assets
Debtors
1,468 
5,589 
Cash at bank and in hand
66,974 
151,708 
68,442 
157,297 
Creditors: amounts falling due within one year
(2,703)
(839)
Net current assets
65,739 
156,458 
Net assets
67,821 
157,849 
Capital and reserves
Called up share capital
1,655 
1,515 
Share premium
229,770 
144,855 
Capital contribution reserve
29,748 
114,773 
Profit and loss account
(193,352)
(103,294)
Shareholders' funds
67,821 
157,849 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Alexander Schmid Director Company Registration No. 12768718
- 4 -
ControUK Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ControUK Limited is a private company, limited by shares, registered in England and Wales, registration number 12768718. The registered office is 9 Sudbrook Gardens, Richmond, TW10 7DD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
ControUK Limited Notes to the Accounts for the year ended 31 March 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,757 
Additions
1,281 
At 31 March 2024
3,038 
Depreciation
At 1 April 2023
366 
Charge for the year
590 
At 31 March 2024
956 
Net book value
At 31 March 2024
2,082 
At 31 March 2023
1,391 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
67 
4,219 
Other debtors
1,401 
1,370 
1,468 
5,589 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,703 
839 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -