Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.162023-04-01falseNo description of principal activity16truetrue 04713816 2023-04-01 2024-03-31 04713816 2022-04-01 2023-03-31 04713816 2024-03-31 04713816 2023-03-31 04713816 2022-04-01 04713816 c:Director2 2023-04-01 2024-03-31 04713816 d:Buildings 2023-04-01 2024-03-31 04713816 d:Buildings 2024-03-31 04713816 d:Buildings 2023-03-31 04713816 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04713816 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04713816 d:Buildings d:LongLeaseholdAssets 2024-03-31 04713816 d:Buildings d:LongLeaseholdAssets 2023-03-31 04713816 d:LandBuildings 2024-03-31 04713816 d:LandBuildings 2023-03-31 04713816 d:PlantMachinery 2023-04-01 2024-03-31 04713816 d:PlantMachinery 2024-03-31 04713816 d:PlantMachinery 2023-03-31 04713816 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04713816 d:MotorVehicles 2023-04-01 2024-03-31 04713816 d:MotorVehicles 2024-03-31 04713816 d:MotorVehicles 2023-03-31 04713816 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04713816 d:FurnitureFittings 2023-04-01 2024-03-31 04713816 d:FurnitureFittings 2024-03-31 04713816 d:FurnitureFittings 2023-03-31 04713816 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04713816 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04713816 d:Goodwill 2023-04-01 2024-03-31 04713816 d:Goodwill 2024-03-31 04713816 d:Goodwill 2023-03-31 04713816 d:CurrentFinancialInstruments 2024-03-31 04713816 d:CurrentFinancialInstruments 2023-03-31 04713816 d:Non-currentFinancialInstruments 2024-03-31 04713816 d:Non-currentFinancialInstruments 2023-03-31 04713816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04713816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04713816 d:ShareCapital 2023-04-01 2024-03-31 04713816 d:ShareCapital 2024-03-31 04713816 d:ShareCapital 2022-04-01 2023-03-31 04713816 d:ShareCapital 2023-03-31 04713816 d:ShareCapital 2022-04-01 04713816 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04713816 d:RetainedEarningsAccumulatedLosses 2024-03-31 04713816 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 04713816 d:RetainedEarningsAccumulatedLosses 2023-03-31 04713816 d:RetainedEarningsAccumulatedLosses 2022-04-01 04713816 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 04713816 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 04713816 c:FRS102 2023-04-01 2024-03-31 04713816 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04713816 c:FullAccounts 2023-04-01 2024-03-31 04713816 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04713816 2 2023-04-01 2024-03-31 04713816 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 04713816 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04713816









AKACIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AKACIA LIMITED
REGISTERED NUMBER: 04713816

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£


Fixed assets
525,126
306,882

Current assets
687,910
522,655

Creditors: amounts falling due within one year
(434,817)
(260,446)

Net current assets
 
 
253,093
 
 
262,209

Total assets less current liabilities
778,219
569,091

Creditors: amounts falling due after more than one year
(21,667)
(31,667)


Net assets
756,552
537,424



Capital and reserves
756,552
537,424


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 

N.Weaver
Director

Date: 27 December 2024

Page 1

 
AKACIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
2
537,422
537,424


Comprehensive income for the year

Profit for the year

-
239,128
239,128


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
239,128
239,128


Contributions by and distributions to owners

Dividends: Equity capital
-
(20,000)
(20,000)


Total transactions with owners
-
(20,000)
(20,000)


At 31 March 2024
2
756,550
756,552


The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
AKACIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
2
251,434
251,436


Comprehensive income for the year

Profit for the year

-
302,488
302,488


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
302,488
302,488


Contributions by and distributions to owners

Dividends: Equity capital
-
(16,500)
(16,500)


Total transactions with owners
-
(16,500)
(16,500)


At 31 March 2023
2
537,422
537,424


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Akacia Ltd is a private company limited by shares incorporated in England within the United Kingdom. The registered office is situated at 77 Whiteladies Road, Clifton, Bristol BS8 2NT.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 4

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.


 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other 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.

 
2.9

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.

Page 5

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance
Fixtures & fittings
-
20%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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 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.

 
2.13

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

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.

Page 6

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
15
15



Director
1
1

16
16


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
145,000



At 31 March 2024

145,000



Amortisation


At 1 April 2023
126,875


Charge for the year on owned assets
7,250



At 31 March 2024

134,125



Net book value



At 31 March 2024
10,875



At 31 March 2023
18,125



Page 7

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
L/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
264,975
14,166
120,446
18,095
35,665
453,347


Additions
228,989
-
-
-
878
229,867



At 31 March 2024

493,964
14,166
120,446
18,095
36,543
683,214



Depreciation


At 1 April 2023
-
14,166
105,175
11,967
33,282
164,590


Charge for the year on owned assets
-
-
2,494
1,226
653
4,373



At 31 March 2024

-
14,166
107,669
13,193
33,935
168,963



Net book value



At 31 March 2024
493,964
-
12,777
4,902
2,608
514,251



At 31 March 2023
264,975
-
15,271
6,128
2,383
288,757




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
493,964
264,975

493,964
264,975



6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
5,000
20,000

5,000
20,000


Page 8

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
75,130
47,734

75,130
47,734


2024
2023
£
£

Due within one year

Other debtors
222,606
141,434

222,606
141,434



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
385,174
313,487

385,174
313,487



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
224,254
118,443

Other taxation and social security
204,064
111,501

Accruals and deferred income
6,499
30,502

434,817
260,446


Page 9

 
AKACIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,667
31,667

21,667
31,667



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
21,667
31,667


21,667
31,667



21,667
31,667



12.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
385,174
313,487




Financial assets measured at fair value through profit or loss comprise...

 
Page 10