Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetrue2023-05-01falseNo description of principal activity55falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10650494 2023-05-01 2024-04-30 10650494 2022-05-01 2023-04-30 10650494 2024-04-30 10650494 2023-04-30 10650494 c:Director1 2023-05-01 2024-04-30 10650494 d:OfficeEquipment 2023-05-01 2024-04-30 10650494 d:OfficeEquipment 2024-04-30 10650494 d:OfficeEquipment 2023-04-30 10650494 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10650494 d:Goodwill 2023-05-01 2024-04-30 10650494 d:Goodwill 2024-04-30 10650494 d:Goodwill 2023-04-30 10650494 d:CurrentFinancialInstruments 2024-04-30 10650494 d:CurrentFinancialInstruments 2023-04-30 10650494 d:Non-currentFinancialInstruments 2024-04-30 10650494 d:Non-currentFinancialInstruments 2023-04-30 10650494 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10650494 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10650494 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10650494 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10650494 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 10650494 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10650494 d:ShareCapital 2024-04-30 10650494 d:ShareCapital 2023-04-30 10650494 d:RetainedEarningsAccumulatedLosses 2024-04-30 10650494 d:RetainedEarningsAccumulatedLosses 2023-04-30 10650494 c:FRS102 2023-05-01 2024-04-30 10650494 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10650494 c:FullAccounts 2023-05-01 2024-04-30 10650494 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10650494 2 2023-05-01 2024-04-30 10650494 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 10650494 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10650494









10650494 LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
10650494 LTD
REGISTERED NUMBER: 10650494

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
29,000
58,000

Tangible assets
 5 
7,803
4,460

  
36,803
62,460

Current assets
  

Debtors: amounts falling due within one year
 6 
270,906
210,217

Cash at bank and in hand
 7 
168,423
120,495

  
439,329
330,712

Creditors: amounts falling due within one year
 8 
(453,495)
(352,210)

Net current liabilities
  
 
 
(14,166)
 
 
(21,498)

Total assets less current liabilities
  
22,637
40,962

Creditors: amounts falling due after more than one year
 9 
(22,500)
(31,366)

  

Net assets
  
137
9,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
37
9,496

  
137
9,596


Page 1

 
10650494 LTD
REGISTERED NUMBER: 10650494
    
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 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: 



................................................
D J Segrue
Director

Date: 30 January 2025

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

Page 2

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

10650494 Ltd is a private company, limited by shares. The company was incorporated in England and Wales, and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The company registered number is 10650494.

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

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

Interest income

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

 
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

Borrowing costs

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

Page 3

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

 
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.

Page 4

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

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

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.

 
2.11

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.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
145,000



At 30 April 2024

145,000



Amortisation


At 1 May 2023
87,000


Charge for the year on owned assets
29,000



At 30 April 2024

116,000



Net book value



At 30 April 2024
29,000



At 30 April 2023
58,000



Page 6

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
8,208


Additions
4,916



At 30 April 2024

13,124



Depreciation


At 1 May 2023
3,748


Charge for the year on owned assets
1,573



At 30 April 2024

5,321



Net book value



At 30 April 2024
7,803



At 30 April 2023
4,460


6.


Debtors

2024
2023
£
£


Trade debtors
150,464
148,845

Other debtors
120,442
61,372

270,906
210,217



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
168,423
120,495

Less: bank overdrafts
(2)
-


Page 7

 
10650494 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
2
-

Trade creditors
2,745
-

Corporation tax
184,471
143,267

Other taxation and social security
265,408
208,816

Other creditors
869
127

453,495
352,210



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,500
31,366



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
22,500
31,365




11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately 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 £2,632 (2023: £1,734)

 
Page 8