Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312publishing activities2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-06-01falsetruefalse 13398485 2023-06-01 2024-05-31 13398485 2022-06-01 2023-05-31 13398485 2024-05-31 13398485 2023-05-31 13398485 c:Director1 2023-06-01 2024-05-31 13398485 d:OfficeEquipment 2023-06-01 2024-05-31 13398485 d:OfficeEquipment 2024-05-31 13398485 d:OfficeEquipment 2023-05-31 13398485 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13398485 d:CurrentFinancialInstruments 2024-05-31 13398485 d:CurrentFinancialInstruments 2023-05-31 13398485 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13398485 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13398485 d:ShareCapital 2024-05-31 13398485 d:ShareCapital 2023-05-31 13398485 d:RetainedEarningsAccumulatedLosses 2024-05-31 13398485 d:RetainedEarningsAccumulatedLosses 2023-05-31 13398485 c:FRS102 2023-06-01 2024-05-31 13398485 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13398485 c:FullAccounts 2023-06-01 2024-05-31 13398485 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13398485 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 13398485










RAPCATCHUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
RAPCATCHUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RAPCATCHUP LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RapCatchUp Limited for the year ended 31 May 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of RapCatchUp Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of RapCatchUp Limited and state those matters that we have agreed to state to the Board of directors of RapCatchUp Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RapCatchUp Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that RapCatchUp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RapCatchUp Limited. You consider that RapCatchUp Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of RapCatchUp Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
9 January 2025
Page 1

 
RAPCATCHUP LIMITED
REGISTERED NUMBER: 13398485

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
803
-

  
803
-

Current assets
  

Debtors: amounts falling due within one year
 5 
565
295

Cash at bank and in hand
  
271
1,174

  
836
1,469

Creditors: amounts falling due within one year
 6 
(12,599)
(6,365)

Net current liabilities
  
 
 
(11,763)
 
 
(4,896)

Total assets less current liabilities
  
(10,960)
(4,896)

  

Net liabilities
  
(10,960)
(4,896)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(11,060)
(4,996)

  
(10,960)
(4,896)


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 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 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 on 9 January 2025.




Page 2

 
RAPCATCHUP LIMITED
REGISTERED NUMBER: 13398485
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

C L Sweeney
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RAPCATCHUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

At 31 May 2024, the Company had net liabilities of £10,960. The Company is reliant on the support of the directors. It is the intention of the directors to support the company and therefore these accounts have been prepared on a going concern basis.

 
1.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
RAPCATCHUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.4

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:

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.

 
1.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

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 reporting date in the countries where the Company operates and generates income.


 
1.7

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

 
RAPCATCHUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)


1.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

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.

 
1.8

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.

 
1.9

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.

 
1.10

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.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 13398485
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ

Page 6

 
RAPCATCHUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

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


        2024
        2023
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,199



At 31 May 2024

1,199



Depreciation


Charge for the year on owned assets
396



At 31 May 2024

396



Net book value



At 31 May 2024
803



At 31 May 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
565
295

565
295


Page 7

 
RAPCATCHUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
11,471
5,285

Accruals and deferred income
1,128
1,080

12,599
6,365



7.


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 £1,800 (2023 - £1,050) . Contributions totalling £0 (2023 - £0) were payable to the fund at the reporting date and are included in creditors.


8.


Related party transactions

The amount to the directors Mr C L Sweeney and Ms S Horsey at the reporting date was £971 and £10,500 respectively (2022: £284 and £5,000).  The loans do not attract a rate of interest and are repayable on demand.

 
Page 8