Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11777490 2023-02-01 2024-01-31 11777490 2022-02-01 2023-01-31 11777490 2024-01-31 11777490 2023-01-31 11777490 c:Director1 2023-02-01 2024-01-31 11777490 d:OfficeEquipment 2023-02-01 2024-01-31 11777490 d:OfficeEquipment 2024-01-31 11777490 d:OfficeEquipment 2023-01-31 11777490 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11777490 d:CurrentFinancialInstruments 2024-01-31 11777490 d:CurrentFinancialInstruments 2023-01-31 11777490 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11777490 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11777490 d:ShareCapital 2024-01-31 11777490 d:ShareCapital 2023-01-31 11777490 d:RetainedEarningsAccumulatedLosses 2024-01-31 11777490 d:RetainedEarningsAccumulatedLosses 2023-01-31 11777490 c:OrdinaryShareClass1 2023-02-01 2024-01-31 11777490 c:OrdinaryShareClass1 2024-01-31 11777490 c:OrdinaryShareClass1 2023-01-31 11777490 c:FRS102 2023-02-01 2024-01-31 11777490 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11777490 c:FullAccounts 2023-02-01 2024-01-31 11777490 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11777490 2 2023-02-01 2024-01-31 11777490 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11777490









HOWME DIGITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
HOWME DIGITAL LIMITED
REGISTERED NUMBER: 11777490

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
811
2,256

Current assets
  

Debtors: amounts falling due within one year
 5 
202,336
187,882

Cash at bank and in hand
  
1,991
26,338

  
204,327
214,220

Creditors: amounts falling due within one year
 6 
(11,640)
(13,371)

Net current assets
  
 
 
192,687
 
 
200,849

  

Net assets
  
193,498
203,105


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
193,497
203,104

  
193,498
203,105


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 on 28 January 2025.




M S Rowe
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
HOWME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

HOWME Digital Limited ("the Company") is a private company limited by share, incorporated in England and Wales. Its registered office is Boston House Grove Business Park, Downsview Road, Wantage,Oxfordshire, England, OX12 9FF.

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 2

 
HOWME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 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

Interest income

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

 
2.5

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.


 
2.6

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 3

 
HOWME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.6
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




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

Page 4

 
HOWME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 February 2023
6,369



At 31 January 2024

6,369



Depreciation


At 1 February 2023
4,113


Charge for the year on owned assets
1,445



At 31 January 2024

5,558



Net book value



At 31 January 2024
811



At 31 January 2023
2,256


5.


Debtors

2024
2023
£
£


Trade debtors
2,115
-

Amounts owed by group undertakings
197,031
183,904

Other debtors
1,567
3,270

Prepayments
1,623
708

202,336
187,882


Page 5

 
HOWME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,227
4,694

Corporation tax
-
5,227

Accruals
3,413
3,450

11,640
13,371



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share share of £1.00
1
1



8.


Related party transactions

At the year end, the company was owed £197,031 (2023 - £183,904) by its parent company.

 
Page 6