Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02433706 2023-05-01 2024-04-30 02433706 2022-05-01 2023-04-30 02433706 2024-04-30 02433706 2023-04-30 02433706 2022-05-01 02433706 c:Director1 2023-05-01 2024-04-30 02433706 d:FreeholdInvestmentProperty 2024-04-30 02433706 d:FreeholdInvestmentProperty 2023-04-30 02433706 d:CurrentFinancialInstruments 2024-04-30 02433706 d:CurrentFinancialInstruments 2023-04-30 02433706 d:Non-currentFinancialInstruments 2024-04-30 02433706 d:Non-currentFinancialInstruments 2023-04-30 02433706 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02433706 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02433706 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02433706 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02433706 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 02433706 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 02433706 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 02433706 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 02433706 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 02433706 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 02433706 d:ShareCapital 2024-04-30 02433706 d:ShareCapital 2023-04-30 02433706 d:OtherMiscellaneousReserve 2024-04-30 02433706 d:OtherMiscellaneousReserve 2023-04-30 02433706 d:RetainedEarningsAccumulatedLosses 2024-04-30 02433706 d:RetainedEarningsAccumulatedLosses 2023-04-30 02433706 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02433706 c:OrdinaryShareClass1 2024-04-30 02433706 c:FRS102 2023-05-01 2024-04-30 02433706 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02433706 c:FullAccounts 2023-05-01 2024-04-30 02433706 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02433706 2 2023-05-01 2024-04-30 02433706 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02433706 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02433706 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02433706 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 02433706 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02433706









COMPUTER GENERATED ANSWERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
COMPUTER GENERATED ANSWERS LIMITED
REGISTERED NUMBER: 02433706

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
600,000
600,000

Current assets
  

Debtors: amounts falling due within one year
 5 
646
753

Cash at bank
  
90,786
80,389

  
91,432
81,142

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(51,508)
(44,757)

Net current assets
  
 
 
39,924
 
 
36,385

Total assets less current liabilities
  
639,924
636,385

Creditors: amounts falling due after more than one year
 7 
(118,878)
(134,649)

Provisions for liabilities
  

Deferred tax
 9 
(32,505)
(32,505)

Net assets
  
488,541
469,231


Capital and reserves
  

Called up share capital 
 10 
999
999

Undistributable reserves
  
352,175
352,175

Profit and loss account
  
135,367
116,057

  
488,541
469,231


Page 1

 
COMPUTER GENERATED ANSWERS LIMITED
REGISTERED NUMBER: 02433706

BALANCE SHEET (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 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: 




Mr P C Martin
Director

Date: 24 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Computer Generated Answers Limited is a Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 20 Cawbeck Road, Little Canfield, Dunmow, CM6 1FY. This Company is not part of a group.

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 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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

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.
Page 3

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.6

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.

 
2.7

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.

Page 4

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Interest income

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

 
2.9

Borrowing costs

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

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 2 (2023 - 2).

Page 5

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
600,000



At 30 April 2024
600,000


Comprising


Cost
247,825

Annual revaluation surplus/(deficit):


2011 and 2012
100,000

2015
152,175

2018
100,000

At 30 April 2024
600,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
247,825
247,825


5.


Debtors

2024
2023
£
£


Other debtors
-
107

Prepayments and accrued income
646
646

646
753


Page 6

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
27,343
27,343

Trade creditors
3,781
-

Corporation tax
4,529
4,016

Other creditors
10,823
10,823

Accruals
5,032
2,575

51,508
44,757



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
118,878
134,649


Included within creditors are secured debts amounting to £146,221 (2023 - £161,992) which are secured on the fixed assets to which they relate.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
27,343
27,343

Amounts falling due 1-2 years

Bank loans
27,343
27,343

Amounts falling due 2-5 years

Bank loans
82,029
82,029

Amounts falling due after more than 5 years

Bank loans
9,506
25,277

146,221
161,992

Page 7

 
COMPUTER GENERATED ANSWERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(32,505)
(24,704)


Charged to profit or loss
-
(7,801)



At end of year
(32,505)
(32,505)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gain on investment property
(40,005)
(40,005)

Tax losses carried forward
7,500
7,500

(32,505)
(32,505)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



999 Ordinary shares of £1.00 each
999
999



11.


Related party transactions

During the year the Company operated loans with the directors of the Company. The amount payabe to the directors of the Company at the year end was £5,198 (2023 - £5,198). These loans are interest free and repayable on demand.


Page 8