Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-09-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13547444 2023-09-01 2024-11-30 13547444 2022-09-01 2023-08-31 13547444 2024-11-30 13547444 2023-08-31 13547444 c:Director1 2023-09-01 2024-11-30 13547444 d:ComputerEquipment 2023-09-01 2024-11-30 13547444 d:ComputerEquipment 2024-11-30 13547444 d:ComputerEquipment 2023-08-31 13547444 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-11-30 13547444 d:CurrentFinancialInstruments 2024-11-30 13547444 d:CurrentFinancialInstruments 2023-08-31 13547444 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 13547444 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13547444 d:ShareCapital 2024-11-30 13547444 d:ShareCapital 2023-08-31 13547444 d:SharePremium 2024-11-30 13547444 d:SharePremium 2023-08-31 13547444 d:RetainedEarningsAccumulatedLosses 2024-11-30 13547444 d:RetainedEarningsAccumulatedLosses 2023-08-31 13547444 c:FRS102 2023-09-01 2024-11-30 13547444 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-11-30 13547444 c:FullAccounts 2023-09-01 2024-11-30 13547444 c:PrivateLimitedCompanyLtd 2023-09-01 2024-11-30 13547444 e:PoundSterling 2023-09-01 2024-11-30 iso4217:GBP xbrli:pure
Registered number: 13547444



 
NORDEN LABS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024













img5f47.png

 
NORDEN LABS LIMITED
REGISTERED NUMBER:13547444

BALANCE SHEET
AS AT 30 NOVEMBER 2024

30 November
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
2,753

  
-
2,753

Current assets
  

Fixed assets held for sale
  
1,827
-

Stocks
 5 
-
923

Debtors: amounts falling due within one year
 6 
4,348
4,053

Cash at bank and in hand
  
47,322
398,380

  
53,497
403,356

Creditors: amounts falling due within one year
 7 
(6,885)
(1,057)

Net current assets
  
 
 
46,612
 
 
402,299

Total assets less current liabilities
  
46,612
405,052

  

Net assets
  
46,612
405,052


Capital and reserves
  

Called up share capital 
  
130
130

Share premium account
  
895,154
895,154

Profit and loss account
  
(848,672)
(490,232)

  
46,612
405,052

Page 1

 
NORDEN LABS LIMITED
REGISTERED NUMBER:13547444
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 period 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 31 January 2025.




C Watson
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
NORDEN LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

Norden Labs Limited is a private company, domiciled in England and Wales. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

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

The directors confirm that they have ceased trading, so the accounts have not been prepared on the going concern basis.

 
2.3

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.

 
2.4

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.

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:

Computer equipment
-
3 years 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.

Page 3

 
NORDEN LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 4

 
NORDEN LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. 

Page 5

 
NORDEN LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

3.


Employees

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


4.


Tangible fixed assets







Computer equipment

£





At 1 September 2023
8,259


Additions
2,741


Disposals
(11,000)



At 30 November 2024

-





At 1 September 2023
5,506


Charge for the period on owned assets
3,667


Disposals
(9,173)



At 30 November 2024

-



Net book value



At 30 November 2024
-



At 31 August 2023
2,753

Page 6

 
NORDEN LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

5.


Stocks

30 November
31 August
2024
2023
£
£

Stock
-
923

-
923



6.


Debtors

30 November
31 August
2024
2023
£
£


Other debtors
4,348
4,053

4,348
4,053



7.


Creditors: Amounts falling due within one year

30 November
31 August
2024
2023
£
£

Other taxation and social security
298
-

Other creditors
-
220

Accruals and deferred income
6,587
837

6,885
1,057


 
Page 7