Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-04-0122No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI630508 2023-04-01 2024-03-31 NI630508 2022-04-01 2023-03-31 NI630508 2024-03-31 NI630508 2023-03-31 NI630508 c:Director1 2023-04-01 2024-03-31 NI630508 d:CurrentFinancialInstruments 2024-03-31 NI630508 d:CurrentFinancialInstruments 2023-03-31 NI630508 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI630508 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI630508 d:ShareCapital 2024-03-31 NI630508 d:ShareCapital 2023-03-31 NI630508 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 NI630508 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI630508 d:RetainedEarningsAccumulatedLosses 2023-03-31 NI630508 c:OrdinaryShareClass1 2023-04-01 2024-03-31 NI630508 c:OrdinaryShareClass1 2024-03-31 NI630508 c:OrdinaryShareClass1 2023-03-31 NI630508 c:OrdinaryShareClass2 2023-04-01 2024-03-31 NI630508 c:OrdinaryShareClass2 2024-03-31 NI630508 c:OrdinaryShareClass2 2023-03-31 NI630508 c:FRS102 2023-04-01 2024-03-31 NI630508 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI630508 c:FullAccounts 2023-04-01 2024-03-31 NI630508 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI630508 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI630508










TD Risk Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
TD Risk Ltd
Registered number: NI630508

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
3,953
9,605

Cash at bank and in hand
 7 
18,059
35,517

  
22,012
45,122

Creditors: amounts falling due within one year
 8 
(6,561)
(18,931)

Net current assets
  
 
 
15,451
 
 
26,191

Total assets less current liabilities
  
15,451
26,191

  

Net assets
  
15,451
26,191


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
15,449
26,189

  
15,451
26,191


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 20 February 2025.


Alan Donnelly
Director

The notes on pages 2 to 5 form part of these financial statements.

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Page 1

 
TD Risk Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

TD Risk Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 (see note 4).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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Page 2

 
TD Risk Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
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.

 
2.4

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.


 
2.5

Debtors

Short term debtors are measured at transaction price, 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.

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Page 3

 
TD Risk Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.


3.


Going Concern

The Directors of TD Risk Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. 
Accordingly, TD Risk Ltd continues to adopt the going concern basis in preparing the financial statements.


4.


Judgments in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made in the process of applying the above accounting policies.  There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


5.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


6.


Debtors

2024
2023
£
£


Other debtors
3,953
9,605

3,953
9,605


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Page 4

 
TD Risk Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,059
35,517

18,059
35,517



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,548
17,594

Accruals and deferred income
4,013
1,337

6,561
18,931



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary Class A share of £1.00
1
1
1 (2023 - 1) Ordinary Class B share of £1.00
1
1

2

2



10.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

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Page 5