Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-02-01falseBusiness and domestic software development76truefalse 12409387 2023-02-01 2024-01-31 12409387 2022-02-01 2023-01-31 12409387 2024-01-31 12409387 2023-01-31 12409387 c:Director1 2023-02-01 2024-01-31 12409387 d:ComputerEquipment 2023-02-01 2024-01-31 12409387 d:ComputerEquipment 2024-01-31 12409387 d:ComputerEquipment 2023-01-31 12409387 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12409387 d:CurrentFinancialInstruments 2024-01-31 12409387 d:CurrentFinancialInstruments 2023-01-31 12409387 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12409387 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12409387 d:ShareCapital 2024-01-31 12409387 d:ShareCapital 2023-01-31 12409387 d:SharePremium 2024-01-31 12409387 d:SharePremium 2023-01-31 12409387 d:RetainedEarningsAccumulatedLosses 2024-01-31 12409387 d:RetainedEarningsAccumulatedLosses 2023-01-31 12409387 c:FRS102 2023-02-01 2024-01-31 12409387 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12409387 c:FullAccounts 2023-02-01 2024-01-31 12409387 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12409387 2 2023-02-01 2024-01-31 12409387 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12409387









KEEPER SYSTEMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
KEEPER SYSTEMS LTD
REGISTERED NUMBER: 12409387

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,327
4,436

  
3,327
4,436

Current assets
  

Stocks
  
953,974
462,497

Debtors: amounts falling due within one year
 5 
15,764
154,218

Cash at bank and in hand
 6 
2,748,607
17,296

  
3,718,345
634,011

Creditors: amounts falling due within one year
 7 
(3,639,068)
(462,647)

Net current assets
  
 
 
79,277
 
 
171,364

Total assets less current liabilities
  
82,604
175,800

  

Net assets
  
82,604
175,800


Capital and reserves
  

Called up share capital 
  
12
12

Share premium account
  
1,062,512
1,062,512

Profit and loss account
  
(979,920)
(886,724)

  
82,604
175,800


Page 1

 
KEEPER SYSTEMS LTD
REGISTERED NUMBER: 12409387
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 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.




F Cavallo Marincola                P O Grasslander                  K Mensah    
Director                             Director                               Director

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

Page 2

 
KEEPER SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Keeper Systems Limited is a private company limited by shares, incorporated in England & Wales (registered number: 12409387). The registered office is 20-22 Wenlock Road, London, England, N1 7GU. 
The company's principle activity is software development.

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 company's functional currency is GBP.

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

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

 
KEEPER SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
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:

Computer equipment
-
25%

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.

 
2.5

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.



 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 6).

Page 4

 
KEEPER SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2023
6,642



At 31 January 2024

6,642



Depreciation


At 1 February 2023
2,206


Charge for the year on owned assets
1,109



At 31 January 2024

3,315



Net book value



At 31 January 2024
3,327



At 31 January 2023
4,436

Page 5

 
KEEPER SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,764
-

Other debtors
-
154,218

15,764
154,218



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,748,607
17,296

2,748,607
17,296



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
593

Other taxation and social security
31,384
13,778

Other creditors
3,605,484
448,001

Accruals and deferred income
2,200
275

3,639,068
462,647


 
Page 6