Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30306359falsefalsetrue17false142023-05-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05342964 2023-05-01 2024-04-30 05342964 2022-05-01 2023-04-30 05342964 2024-04-30 05342964 2023-04-30 05342964 c:Director5 2023-05-01 2024-04-30 05342964 d:ComputerEquipment 2023-05-01 2024-04-30 05342964 d:ComputerEquipment 2024-04-30 05342964 d:ComputerEquipment 2023-04-30 05342964 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05342964 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 05342964 d:Goodwill 2024-04-30 05342964 d:Goodwill 2023-04-30 05342964 d:ComputerSoftware 2024-04-30 05342964 d:ComputerSoftware 2023-04-30 05342964 d:CurrentFinancialInstruments 2024-04-30 05342964 d:CurrentFinancialInstruments 2023-04-30 05342964 d:Non-currentFinancialInstruments 2024-04-30 05342964 d:Non-currentFinancialInstruments 2023-04-30 05342964 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05342964 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05342964 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05342964 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05342964 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05342964 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05342964 d:ShareCapital 2024-04-30 05342964 d:ShareCapital 2023-04-30 05342964 d:SharePremium 2023-05-01 2024-04-30 05342964 d:SharePremium 2024-04-30 05342964 d:SharePremium 2023-04-30 05342964 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 05342964 d:RetainedEarningsAccumulatedLosses 2024-04-30 05342964 d:RetainedEarningsAccumulatedLosses 2023-04-30 05342964 c:OrdinaryShareClass1 2023-05-01 2024-04-30 05342964 c:OrdinaryShareClass1 2024-04-30 05342964 c:OrdinaryShareClass1 2023-04-30 05342964 c:OrdinaryShareClass2 2023-05-01 2024-04-30 05342964 c:OrdinaryShareClass2 2024-04-30 05342964 c:OrdinaryShareClass2 2023-04-30 05342964 c:OrdinaryShareClass3 2023-05-01 2024-04-30 05342964 c:OrdinaryShareClass3 2024-04-30 05342964 c:OrdinaryShareClass3 2023-04-30 05342964 c:OrdinaryShareClass4 2023-05-01 2024-04-30 05342964 c:OrdinaryShareClass4 2024-04-30 05342964 c:OrdinaryShareClass4 2023-04-30 05342964 c:OrdinaryShareClass5 2023-05-01 2024-04-30 05342964 c:OrdinaryShareClass5 2024-04-30 05342964 c:OrdinaryShareClass5 2023-04-30 05342964 c:FRS102 2023-05-01 2024-04-30 05342964 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05342964 c:FullAccounts 2023-05-01 2024-04-30 05342964 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05342964 d:EntityControlledByKeyManagementPersonnel1 2023-05-01 2024-04-30 05342964 d:EntityControlledByKeyManagementPersonnel1 2024-04-30 05342964 d:EntityControlledByKeyManagementPersonnel1 2023-04-30 05342964 d:Subsidiary1 2023-05-01 2024-04-30 05342964 d:Subsidiary1 1 2023-05-01 2024-04-30 05342964 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-05-01 2024-04-30 05342964 6 2023-05-01 2024-04-30 05342964 d:InternallyGeneratedIntangibleAssets 2023-05-01 2024-04-30 05342964 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 05342964 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 05342964 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05342964










SKI-LIFTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SKI-LIFTS LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SKI-LIFTS LIMITED
FOR THE YEAR ENDED 30 APRIL 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 Ski-Lifts Limited for the year ended 30 April 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of directors of Ski-Lifts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ski-Lifts Limited and state those matters that we have agreed to state to the Board of directors of Ski-Lifts Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ski-Lifts Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ski-Lifts 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 profit of Ski-Lifts Limited. You consider that Ski-Lifts 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 Ski-Lifts 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.

  



Xeinadin London Limited
 
Accountants
  
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
7 January 2025
Page 1

 
SKI-LIFTS LIMITED
REGISTERED NUMBER: 05342964

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
  
858,515
856,046

Tangible fixed assets
  
3,349
6,879

Investments
 6 
34,635
34,635

  
896,499
897,560

Current assets
  

Debtors: amounts falling due within one year
 7 
589,790
594,242

Cash at bank and in hand
 8 
119,474
394,570

  
709,264
988,812

Creditors: amounts falling due within one year
 9 
(981,321)
(1,259,574)

Net current liabilities
  
 
 
(272,057)
 
 
(270,762)

Total assets less current liabilities
  
624,442
626,798

Creditors: amounts falling due after more than one year
 10 
(59,661)
(132,290)

  

Net assets
  
564,781
494,508


Capital and reserves
  

Called up share capital 
 12 
338
334

Share premium account
 13 
399,174
397,805

Profit and loss account
 13 
165,269
96,369

  
564,781
494,508


Page 2

 
SKI-LIFTS LIMITED
REGISTERED NUMBER: 05342964
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 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 statement of comprehensive income 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: 




R Smith
Director

Date: 7 January 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ski-Lifts Limited is a private company limited by shares incorporated in England and Wales. Its registered number is 05342964. The address of its registered office is Suite 1.7 Canada House, Chepstow Street, Manchester, M1 5FW.
The principal activity of the company continues to be that of a passenger transfer booking platform.

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.

 
2.2

Going concern

The directors have assessed the ability of the company to continue as a going concern and have concluded that company is able to meet its liabilities as they fall due for at least the next twelve months from the date of signing the financial statements.

 
2.3

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.

Page 4

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

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


Page 5

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 Amortisation is provided on the following bases:

Development costs
-
20%
commencing month one of the following year

 
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.

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:

Computer equipment
-
25%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 6

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 14).


4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 May 2023
1,789,294
8,954
1,798,248


Additions - internal
306,359
-
306,359



At 30 April 2024

2,095,653
8,954
2,104,607



Amortisation


At 1 May 2023
933,248
8,954
942,202


Charge for the year on owned assets
303,890
-
303,890



At 30 April 2024

1,237,138
8,954
1,246,092



Net book value



At 30 April 2024
858,515
-
858,515



At 30 April 2023
856,046
-
856,046



Page 7

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
28,093


Additions
815



At 30 April 2024

28,908



Depreciation


At 1 May 2023
21,214


Charge for the year on owned assets
4,345



At 30 April 2024

25,559



Net book value



At 30 April 2024
3,349



At 30 April 2023
6,879


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
34,635



At 30 April 2024
34,635




Page 8

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Ski Lifts SARL
France
Transport company
Ordinary
100%


7.


Debtors

2024
2023
£
£


Trade debtors
402,698
582,646

Other debtors
185,284
8,371

Prepayments and accrued income
1,808
3,225

589,790
594,242



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
119,474
394,570

119,474
394,570



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
77,304
158,983

Trade creditors
432,393
348,096

Amounts owed to group undertakings
106,515
126,786

Other taxation and social security
15,122
15,166

Other creditors
20,144
12,780

Accruals and deferred income
329,843
597,763

981,321
1,259,574


Page 9

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
59,661
132,290

59,661
132,290


Barclays Security Trustee Limited hold a fixed and floating charge which covers all the property and undertakings of the company.


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
77,304
158,983


77,304
158,983

Amounts falling due 1-2 years

Bank loans
59,661
132,290


59,661
132,290



136,965
291,273


Page 10

 
SKI-LIFTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6,800 (2023 - 6,800) A1 Ordinary shares of £0.01 each
68
68
3,400 (2023 - 3,400) A2 Ordinary shares of £0.01 each
34
34
537 (2023 - 537) B1 Ordinary shares of £0.01 each
5
5
19,190 (2023 - 19,190) C Ordinary shares of £0.01 each
192
192
3,094 (2023 - 3,094) D Ordinary shares of £0.01 each
31
31
791 (2023 - 425) B2 Ordinary shares of £0.01 each
8
4

338

334


During the year the company issued 366 B2 ordinary shares for a consideration of £1,373.


13.


Reserves

Share premium account

This reserve represents the amount above the nominal value received for issued share capital, less transaction costs.

Profit and loss account

This reserve represents the cumulative profits and losses of the company.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately 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 £22,166 (2023: £18,204). Contributions totalling £1,598 (2023: £1,034) were payable to the fund at the reporting date and included within creditors.


15.


Related party transactions

At the year end, an amount of £106,515 (2023: £126,786) was due to Ski Lifts SARL.


16.


Controlling party

The directors do not consider there to be a controlling party.

 
Page 11