Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falsetrueThe principal activity of the company is the development of software.1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13214664 2023-04-01 2024-03-31 13214664 2022-04-01 2023-03-31 13214664 2024-03-31 13214664 2023-03-31 13214664 c:Director1 2023-04-01 2024-03-31 13214664 d:CurrentFinancialInstruments 2024-03-31 13214664 d:CurrentFinancialInstruments 2023-03-31 13214664 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13214664 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13214664 d:ShareCapital 2024-03-31 13214664 d:ShareCapital 2023-03-31 13214664 d:RetainedEarningsAccumulatedLosses 2024-03-31 13214664 d:RetainedEarningsAccumulatedLosses 2023-03-31 13214664 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13214664 c:OrdinaryShareClass1 2024-03-31 13214664 c:FRS102 2023-04-01 2024-03-31 13214664 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13214664 c:FullAccounts 2023-04-01 2024-03-31 13214664 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13214664 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13214664









CAMPUS TOOLS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
CAMPUS TOOLS LTD
REGISTERED NUMBER: 13214664

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
532
-

Cash at bank and in hand
  
913
3,379

  
1,445
3,379

Creditors: amounts falling due within one year
 5 
(58,749)
(42,040)

NET CURRENT LIABILITIES
  
 
 
(57,304)
 
 
(38,661)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(57,304)
(38,661)

  

NET LIABILITIES
  
(57,304)
(38,661)


CAPITAL AND RESERVES
  

Called up share capital 
 6 
80
80

Profit and loss account
  
(57,384)
(38,741)

  
(57,304)
(38,661)


Page 1

 
CAMPUS TOOLS LTD
REGISTERED NUMBER: 13214664
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 J Lefevre
Director

Date: 9 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CAMPUS TOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Campus Tools Ltd is a private company limited by shares incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

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 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:

 
2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis which assumes that the Company will continue as a going concern for the foreseeable future. The trading losses reported to date are consistent with the Company's business plan as it progresses its research and development activities.
Given the development progress achieved, and that he continues to support the Company financially, the director has a reasonable expectation that the Company will be able to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis. 

 
2.3

RESEARCH AND DEVELOPMENT

Research and development expenditure is recognised in the Profit and Loss Account in the period in which the expenditure is incurred.

 
2.4

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.

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CAMPUS TOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
2.9

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.

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 1 (2023 - 1).

Page 4

 
CAMPUS TOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Other debtors
532
-

532
-



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
56,531
40,120

Accruals and deferred income
2,218
1,920

58,749
42,040


Included within other creditors are amounts due to the defined contribution pension scheme of £203 (2023: £nil)


6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



80 Ordinary shares of £1 each
80
80


 
Page 5