Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-303false2023-05-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11955217 2023-05-01 2024-04-30 11955217 2022-05-01 2023-04-30 11955217 2024-04-30 11955217 2023-04-30 11955217 2022-05-01 11955217 c:Director1 2023-05-01 2024-04-30 11955217 d:MotorVehicles 2023-05-01 2024-04-30 11955217 d:MotorVehicles 2024-04-30 11955217 d:MotorVehicles 2023-04-30 11955217 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11955217 d:FurnitureFittings 2023-05-01 2024-04-30 11955217 d:FurnitureFittings 2024-04-30 11955217 d:FurnitureFittings 2023-04-30 11955217 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11955217 d:OfficeEquipment 2023-05-01 2024-04-30 11955217 d:OfficeEquipment 2024-04-30 11955217 d:OfficeEquipment 2023-04-30 11955217 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11955217 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11955217 d:CurrentFinancialInstruments 2024-04-30 11955217 d:CurrentFinancialInstruments 2023-04-30 11955217 d:Non-currentFinancialInstruments 2024-04-30 11955217 d:Non-currentFinancialInstruments 2023-04-30 11955217 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11955217 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11955217 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11955217 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11955217 d:ShareCapital 2023-05-01 2024-04-30 11955217 d:ShareCapital 2024-04-30 11955217 d:ShareCapital 2022-05-01 2023-04-30 11955217 d:ShareCapital 2023-04-30 11955217 d:ShareCapital 2022-05-01 11955217 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 11955217 d:RetainedEarningsAccumulatedLosses 2024-04-30 11955217 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 11955217 d:RetainedEarningsAccumulatedLosses 2023-04-30 11955217 d:RetainedEarningsAccumulatedLosses 2022-05-01 11955217 c:OrdinaryShareClass1 2023-05-01 2024-04-30 11955217 c:OrdinaryShareClass1 2024-04-30 11955217 c:OrdinaryShareClass1 2023-04-30 11955217 c:FRS102 2023-05-01 2024-04-30 11955217 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11955217 c:FullAccounts 2023-05-01 2024-04-30 11955217 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11955217 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 11955217 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 11955217 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 11955217 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 11955217 2 2023-05-01 2024-04-30 11955217 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11955217






HANDFUL OF KEYS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
HANDFUL OF KEYS LIMITED
REGISTERED NUMBER: 11955217

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,873
21,986

  
15,873
21,986

Current assets
  

Debtors: amounts falling due within one year
 5 
75,822
14,533

Cash at bank and in hand
 6 
3
13,107

  
75,825
27,640

Creditors: amounts falling due within one year
 7 
(87,690)
(87,106)

Net current liabilities
  
 
 
(11,865)
 
 
(59,466)

Total assets less current liabilities
  
4,008
(37,480)

Creditors: amounts falling due after more than one year
 8 
(23,795)
(32,657)

  

Net liabilities
  
(19,787)
(70,137)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
 11 
(19,887)
(70,237)

  
(19,787)
(70,137)


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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
HANDFUL OF KEYS LIMITED
REGISTERED NUMBER: 11955217
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 on 31 January 2025.




A N de Rauville
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
HANDFUL OF KEYS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 May 2022
100
(24,543)
(24,443)


Comprehensive income for the year

Loss for the year
-
(45,694)
(45,694)
Total comprehensive income for the year
-
(45,694)
(45,694)


Total transactions with owners
-
-
-



At 1 May 2023
100
(70,237)
(70,137)


Comprehensive income for the year

Profit for the year
-
50,350
50,350
Total comprehensive income for the year
-
50,350
50,350


Total transactions with owners
-
-
-


At 30 April 2024
100
(19,887)
(19,787)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

Interest income

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

 
1.4

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.

 
1.5

Borrowing costs

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

Page 4

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

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:

Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office equipment
-
33%

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.

 
1.8

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.

 
1.9

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 5

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.10

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

2024
2023
£
£

Wages and salaries
189,103
224,808

Social security costs
16,546
17,796

Cost of defined contribution scheme
1,765
1,874

207,414
244,478


The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 6

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
30,000
145
1,116
31,261


Additions
-
263
-
263



At 30 April 2024

30,000
408
1,116
31,524



Depreciation


At 1 May 2023
8,500
7
768
9,275


Charge for the year on owned assets
6,000
33
343
6,376



At 30 April 2024

14,500
40
1,111
15,651



Net book value



At 30 April 2024
15,500
368
5
15,873



At 30 April 2023
21,500
138
348
21,986


5.


Debtors

2024
2023
£
£


Other debtors
75,822
14,533

75,822
14,533



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3
13,107

3
13,107


Page 7

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,779
-

Other taxation and social security
51,500
47,079

Obligations under finance lease and hire purchase contracts
5,880
5,880

Other creditors
16,831
32,947

Accruals and deferred income
5,700
1,200

87,690
87,106



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,075
17,051

Net obligations under finance leases and hire purchase contracts
10,720
15,606

23,795
32,657



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,880
5,880

Between 1-5 years
10,720
15,606

16,600
21,486


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 8

 
HANDFUL OF KEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.


12.


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 £1,765 (2023 - £1,874). Contributions totalling £523 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9