Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12516789 2023-04-01 2024-03-31 12516789 2022-04-01 2023-03-31 12516789 2024-03-31 12516789 2023-03-31 12516789 c:Director1 2023-04-01 2024-03-31 12516789 c:Director2 2023-04-01 2024-03-31 12516789 d:CurrentFinancialInstruments 2024-03-31 12516789 d:CurrentFinancialInstruments 2023-03-31 12516789 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12516789 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12516789 d:ShareCapital 2024-03-31 12516789 d:ShareCapital 2023-03-31 12516789 d:RetainedEarningsAccumulatedLosses 2024-03-31 12516789 d:RetainedEarningsAccumulatedLosses 2023-03-31 12516789 c:FRS102 2023-04-01 2024-03-31 12516789 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12516789 c:FullAccounts 2023-04-01 2024-03-31 12516789 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12516789 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12516789









CYCLING SHAKESPEARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CYCLING SHAKESPEARE LIMITED
REGISTERED NUMBER: 12516789

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
401,708
5,031

Cash at bank and in hand
 5 
9,881
25,384

  
411,589
30,415

Creditors: amounts falling due within one year
 6 
(407,253)
(175,875)

Net current assets/(liabilities)
  
 
 
4,336
 
 
(145,460)

Total assets less current liabilities
  
4,336
(145,460)

  

Net assets/(liabilities)
  
4,336
(145,460)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,335
(145,461)

  
4,336
(145,460)


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 on 30 January 2025.




T Dixon
P S Moss
Director
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
CYCLING SHAKESPEARE LIMITED
REGISTERED NUMBER: 12516789
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
CYCLING SHAKESPEARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares, registered in England and wales. The address of
the registered office is 9 St. Lukes Drive, Orrell, Wigan, England, WN5 7AU.

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

Going concern

After making appropriate enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The company benefits from short term financial support from its parent Charity, The Handlesbards CIO. The company is taking steps to clear balances due to the Charity in the near future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

 
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.

Page 3

 
CYCLING SHAKESPEARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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.

Page 4

 
CYCLING SHAKESPEARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

2024
2023
£
£

Wages and salaries
85,245
56,600

Social security costs
3,176
-

Cost of defined contribution scheme
752
1,016

89,173
57,616


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


4.


Debtors

2024
2023
£
£


Trade debtors
8,787
-

Other debtors
2,032
696

Prepayments and accrued income
386,554
-

Tax recoverable
4,335
4,335



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,881
25,384



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
173

Amounts owed to group undertakings
397,381
175,000

Other taxation and social security
9,872
702

407,253
175,875


Page 5

 
CYCLING SHAKESPEARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


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 £752 (2023 - £1,016). 


8.


Related party transactions

The company has taken advantage of exemptions available to it and opted not to disclose transactions with its parent company.


9.


Controlling party

The ultimate parent company is The HandleBards CIO, a charity incorporated in England.
 
Page 6