Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11834684 2023-03-01 2024-02-29 11834684 2022-03-01 2023-02-28 11834684 2024-02-29 11834684 2023-02-28 11834684 c:Director1 2023-03-01 2024-02-29 11834684 d:ComputerEquipment 2023-03-01 2024-02-29 11834684 d:ComputerEquipment 2024-02-29 11834684 d:ComputerEquipment 2023-02-28 11834684 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11834684 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 11834684 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 11834684 d:CurrentFinancialInstruments 2024-02-29 11834684 d:CurrentFinancialInstruments 2023-02-28 11834684 d:Non-currentFinancialInstruments 2024-02-29 11834684 d:Non-currentFinancialInstruments 2023-02-28 11834684 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11834684 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11834684 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 11834684 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11834684 d:ShareCapital 2024-02-29 11834684 d:ShareCapital 2023-02-28 11834684 d:SharePremium 2024-02-29 11834684 d:SharePremium 2023-02-28 11834684 d:RetainedEarningsAccumulatedLosses 2024-02-29 11834684 d:RetainedEarningsAccumulatedLosses 2023-02-28 11834684 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11834684 c:OrdinaryShareClass1 2024-02-29 11834684 c:OrdinaryShareClass1 2023-02-28 11834684 c:OrdinaryShareClass2 2023-03-01 2024-02-29 11834684 c:OrdinaryShareClass2 2024-02-29 11834684 c:OrdinaryShareClass2 2023-02-28 11834684 c:FRS102 2023-03-01 2024-02-29 11834684 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11834684 c:FullAccounts 2023-03-01 2024-02-29 11834684 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11834684 2 2023-03-01 2024-02-29 11834684 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11834684














DON'T SLEEP LTD

 
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DON'T SLEEP LTD
REGISTERED NUMBER:11834684

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
175
175

Tangible assets
 5 
3,412
4,549

  
3,587
4,724

Current assets
  

Debtors: amounts falling due within one year
 6 
180,360
142,119

Cash at bank
 7 
22,730
23,796

  
203,090
165,915

Creditors: amounts falling due within one year
 8 
(60,726)
(46,848)

Net current assets
  
 
 
142,364
 
 
119,067

Total assets less current liabilities
  
145,951
123,791

Creditors: amounts falling due after more than one year
 9 
(4,447)
(7,026)

Provisions for liabilities
  

Deferred tax
  
-
(951)

  
 
 
-
 
 
(951)

Net assets
  
141,504
115,814


Capital and reserves
  

Called up share capital 
 10 
95
95

Share premium account
  
149,975
149,975

Profit and loss account
  
(8,566)
(34,256)

  
141,504
115,814


Page 1

 
DON'T SLEEP LTD
REGISTERED NUMBER:11834684
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges his 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.

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




D B S Bryce
Director

Date: 29 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Don't Sleep Ltd is a private company, limited by shares, registered in England and Wales, registration number 11834684. The registered office address is 1.01 Carlton Mansions, Brixton, London, SW9 8QD.
The principal activity of the company continued to be that of music management and consultancy.

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 year 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 that relate to borrowings are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from music management and consultancy is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

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

Page 3

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

Page 4

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

 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:

Equipment
-
25%
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.

 
2.11

 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.

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

 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.

 
2.14

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans from banks and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Intangible assets






Digital assets

£



Cost


At 1 March 2023
175



At 29 February 2024

175






Net book value



At 29 February 2024
175



At 28 February 2023
175




5.


Tangible fixed assets







Computer equipment

£



Cost


At 1 March 2023
8,062



At 29 February 2024

8,062



Depreciation


At 1 March 2023
3,513


Charge for the year
1,137



At 29 February 2024

4,650



Net book value



At 29 February 2024
3,412



At 28 February 2023
4,549

Page 6

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
720
16,337

Other debtors
178,184
125,182

Accrued income
1,456
600

180,360
142,119



7.


Cash

2024
2023
£
£

Cash at bank
22,730
23,796



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
2,580
2,516

Corporation tax
31,954
27,135

Other taxation and social security
19,981
12,708

Other creditors
2,582
1,739

Accruals
3,629
2,750

60,726
46,848


The bank loan of £2,580 (2023 - £2,516) included in creditors due within one year is the Coronavirus Bounce Back Loan, and it is fully guaranteed by the government.


9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,447
7,026


The bank loan of £4,447 (2023 - £7,026) included in creditors due after more than one year is the Coronavirus Bounce Back Loan, and it is fully guaranteed by the government.

Page 7

 
DON'T SLEEP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



700 (2023 - 70) ordinary shares of £0.10 each
70
70
250 (2023 - 25) preference shares of £0.10 each
25
25

95

95

11.


Pension commitments

The company operates a defined contribution 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 £361 (2023 - £361). Included in other creditors at the year end there is an amount payable of £2,582 (2023 - £1,740).


12.


Transactions with the director

During the year the company advanced £58,469 (2023 - £30,834) to the director. As at the year end, the director owed £128,021 (2023 - £90,067) to the company. Interest at an official rate has been charged on the loan. The loan is unsecured and repayable on demand.
 
Page 8