Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311false2023-04-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06827666 2023-04-01 2024-03-31 06827666 2022-04-01 2023-03-31 06827666 2024-03-31 06827666 2023-03-31 06827666 c:Director1 2023-04-01 2024-03-31 06827666 d:ComputerEquipment 2023-04-01 2024-03-31 06827666 d:ComputerEquipment 2024-03-31 06827666 d:ComputerEquipment 2023-03-31 06827666 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06827666 d:CurrentFinancialInstruments 2024-03-31 06827666 d:CurrentFinancialInstruments 2023-03-31 06827666 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06827666 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06827666 d:ShareCapital 2024-03-31 06827666 d:ShareCapital 2023-03-31 06827666 d:RetainedEarningsAccumulatedLosses 2024-03-31 06827666 d:RetainedEarningsAccumulatedLosses 2023-03-31 06827666 c:FRS102 2023-04-01 2024-03-31 06827666 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06827666 c:FullAccounts 2023-04-01 2024-03-31 06827666 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06827666 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 06827666







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


JUDO ECONOMICS LIMITED






































img61ea.png                        

 


JUDO ECONOMICS LIMITED
REGISTERED NUMBER:06827666



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,003
2,077

  
2,003
2,077

Current assets
  

Debtors: amounts falling due within one year
 5 
110,995
63,095

  
110,995
63,095

Creditors: amounts falling due within one year
 6 
(112,733)
(64,911)

Net current liabilities
  
 
 
(1,738)
 
 
(1,816)

Total assets less current liabilities
  
265
261

  

Net assets
  
265
261


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
263
259

  
265
261

Page 1

 


JUDO ECONOMICS LIMITED
REGISTERED NUMBER:06827666


    
STATEMENT OF FINANCIAL POSITION (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 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 by: 




................................................
P G J Evans
Director

Date: 15 January 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


JUDO ECONOMICS LIMITED
 


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

1.


General information

Judo Economics Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. 
The reporting currency of the financial statements is the Pound Sterling (£).

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

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 3

 


JUDO ECONOMICS LIMITED
 


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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.5

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 4

 


JUDO ECONOMICS LIMITED
 


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

2.Accounting policies (continued)


2.5
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:

Computer equipment
-
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.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
4,112


Additions
832



At 31 March 2024

4,944



Depreciation


At 1 April 2023
2,035


Charge for the year on owned assets
906



At 31 March 2024

2,941



Net book value



At 31 March 2024
2,003



At 31 March 2023
2,077

Page 5

 


JUDO ECONOMICS LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
26,100
-

Other debtors
84,895
63,095

110,995
63,095



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
18,423
9,727

Trade creditors
1,890
-

Corporation tax
84,742
53,204

Other taxation and social security
5,698
-

Accruals and deferred income
1,980
1,980

112,733
64,911


 
Page 6