Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10776186 2023-06-01 2024-05-31 10776186 2022-06-01 2023-05-31 10776186 2024-05-31 10776186 2023-05-31 10776186 2022-06-01 10776186 c:Director1 2023-06-01 2024-05-31 10776186 d:OfficeEquipment 2023-06-01 2024-05-31 10776186 d:OfficeEquipment 2024-05-31 10776186 d:OfficeEquipment 2023-05-31 10776186 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10776186 d:CurrentFinancialInstruments 2024-05-31 10776186 d:CurrentFinancialInstruments 2023-05-31 10776186 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10776186 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10776186 d:ShareCapital 2023-06-01 2024-05-31 10776186 d:ShareCapital 2024-05-31 10776186 d:ShareCapital 2022-06-01 2023-05-31 10776186 d:ShareCapital 2023-05-31 10776186 d:ShareCapital 2022-06-01 10776186 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10776186 d:RetainedEarningsAccumulatedLosses 2024-05-31 10776186 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 10776186 d:RetainedEarningsAccumulatedLosses 2023-05-31 10776186 d:RetainedEarningsAccumulatedLosses 2022-06-01 10776186 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10776186 c:OrdinaryShareClass1 2024-05-31 10776186 c:OrdinaryShareClass1 2023-05-31 10776186 c:FRS102 2023-06-01 2024-05-31 10776186 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10776186 c:FullAccounts 2023-06-01 2024-05-31 10776186 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10776186 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10776186






NOT QUITE NASA LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024

 
NOT QUITE NASA LTD
REGISTERED NUMBER: 10776186

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
970
1,305

  
970
1,305

Current assets
  

Debtors: amounts falling due within one year
 5 
2,359
2,937

  
2,359
2,937

Creditors: amounts falling due within one year
 6 
(4,379)
(4,056)

Net current liabilities
  
 
 
(2,020)
 
 
(1,119)

Total assets less current liabilities
  
(1,050)
186

  

Net (liabilities)/assets
  
(1,050)
186


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
 8 
(1,051)
185

  
(1,050)
186


Page 1

 
NOT QUITE NASA LTD
REGISTERED NUMBER: 10776186
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

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 his 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 29 January 2025.




R J Mckinney
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
NOT QUITE NASA LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2022
1
248
249


Comprehensive income for the year

Profit for the year
-
12,437
12,437
Total comprehensive income for the year
-
12,437
12,437


Contributions by and distributions to owners

Dividends: Equity capital
-
(12,500)
(12,500)


Total transactions with owners
-
(12,500)
(12,500)



At 1 June 2023
1
185
186


Comprehensive income for the year

Loss for the year
-
(1,236)
(1,236)
Total comprehensive income for the year
-
(1,236)
(1,236)


Total transactions with owners
-
-
-


At 31 May 2024
1
(1,051)
(1,050)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
NOT QUITE NASA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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

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 reporting date in the countries where the Company operates and generates income.


 
1.4

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 4

 
NOT QUITE NASA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)


1.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

 
1.5

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.

 
1.6

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.

 
1.7

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.

Page 5

 
NOT QUITE NASA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

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




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
NOT QUITE NASA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,682



At 31 May 2024

1,682



Depreciation


At 1 June 2023
376


Charge for the year on owned assets
336



At 31 May 2024

712



Net book value



At 31 May 2024
970



At 31 May 2023
1,305


5.


Debtors

2024
2023
£
£


Other debtors
2,359
2,937

2,359
2,937



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
2,856

Other creditors
3,179
-

Accruals and deferred income
1,200
1,200

4,379
4,056


Page 7

 
NOT QUITE NASA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 8