Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.62023-11-01falseNo description of principal activity7truefalse 07098838 2023-11-01 2024-10-31 07098838 2022-11-01 2023-10-31 07098838 2024-10-31 07098838 2023-10-31 07098838 c:Director1 2023-11-01 2024-10-31 07098838 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 07098838 d:Buildings d:LongLeaseholdAssets 2024-10-31 07098838 d:Buildings d:LongLeaseholdAssets 2023-10-31 07098838 d:PlantMachinery 2023-11-01 2024-10-31 07098838 d:PlantMachinery 2024-10-31 07098838 d:PlantMachinery 2023-10-31 07098838 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07098838 d:MotorVehicles 2023-11-01 2024-10-31 07098838 d:MotorVehicles 2024-10-31 07098838 d:MotorVehicles 2023-10-31 07098838 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07098838 d:FurnitureFittings 2023-11-01 2024-10-31 07098838 d:FurnitureFittings 2024-10-31 07098838 d:FurnitureFittings 2023-10-31 07098838 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07098838 d:OfficeEquipment 2023-11-01 2024-10-31 07098838 d:OfficeEquipment 2024-10-31 07098838 d:OfficeEquipment 2023-10-31 07098838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07098838 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07098838 d:CurrentFinancialInstruments 2024-10-31 07098838 d:CurrentFinancialInstruments 2023-10-31 07098838 d:Non-currentFinancialInstruments 2024-10-31 07098838 d:Non-currentFinancialInstruments 2023-10-31 07098838 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07098838 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07098838 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 07098838 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 07098838 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 07098838 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 07098838 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 07098838 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 07098838 d:ShareCapital 2024-10-31 07098838 d:ShareCapital 2023-10-31 07098838 d:RetainedEarningsAccumulatedLosses 2024-10-31 07098838 d:RetainedEarningsAccumulatedLosses 2023-10-31 07098838 c:FRS102 2023-11-01 2024-10-31 07098838 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07098838 c:FullAccounts 2023-11-01 2024-10-31 07098838 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07098838 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 07098838 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 07098838 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 07098838 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 07098838 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 07098838









NETWISE HOSTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
NETWISE HOSTING LIMITED
REGISTERED NUMBER: 07098838

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,881,678
1,663,516

  
1,881,678
1,663,516

Current assets
  

Debtors: amounts falling due within one year
 5 
217,504
212,197

Cash at bank and in hand
 6 
707,545
370,568

  
925,049
582,765

Creditors: amounts falling due within one year
 7 
(518,155)
(413,338)

Net current assets
  
 
 
406,894
 
 
169,427

Total assets less current liabilities
  
2,288,572
1,832,943

Creditors: amounts falling due after more than one year
 8 
(547,085)
(702,369)

  

Net assets
  
1,741,487
1,130,574


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,741,387
1,130,474

  
1,741,487
1,130,574


Page 1

 
NETWISE HOSTING LIMITED
REGISTERED NUMBER: 07098838
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 25 February 2025.




M R Butt
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Netwise Hosting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07098838 . The registered office is Unit 6 Datapoint Business Centre 6 South Crescent, Canning Town, London, United Kingdom, E16 4TL.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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


 
2.5

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:

Long-term leasehold property
-
10 years
Plant and machinery
-
10 years
Motor vehicles
-
10%
on cost
Fixtures and fittings
-
10%
on cost
Office equipment
-
10%
on cost

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.

 
2.6

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.

Page 4

 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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.

 
2.9

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.


Employees

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

Page 5
 


 
NETWISE HOSTING LIMITED


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


4.


Tangible fixed assets






Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 November 2023
1,134,263
1,391,960
-
84,483
4,463
2,615,169


Additions
142,814
278,208
27,013
-
13,450
461,485



At 31 October 2024

1,277,077
1,670,168
27,013
84,483
17,913
3,076,654



Depreciation


At 1 November 2023
313,111
557,415
-
80,981
146
951,653


Charge for the year on owned assets
100,782
139,383
225
1,940
993
243,323



At 31 October 2024

413,893
696,798
225
82,921
1,139
1,194,976



Net book value



At 31 October 2024
863,184
973,370
26,788
1,562
16,774
1,881,678



At 31 October 2023
821,152
834,545
-
3,502
4,317
1,663,516

Page 6
 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
144,781
116,596

Other debtors
5,000
22,086

Prepayments and accrued income
67,723
73,515

217,504
212,197



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
707,545
370,568

Less: bank overdrafts
(4,561)
-

702,984
370,568



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
4,561
-

Bank loans
74,899
44,201

Other loans
108,422
160,561

Trade creditors
106,747
134,318

Corporation tax
142,357
-

Other taxation and social security
10,844
-

Obligations under finance lease and hire purchase contracts
66,816
74,258

Other creditors
3,509
-

518,155
413,338


Page 7

 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
129,874
116,284

Other loans
132,843
222,338

Net obligations under finance leases and hire purchase contracts
-
67,729

Other creditors
68,611
51,166

Accruals and deferred income
215,757
244,852

547,085
702,369



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
74,899
44,201

Other loans
108,422
160,561


183,321
204,762

Amounts falling due 1-2 years

Bank loans
78,522
116,284

Other loans
60,338
222,338


138,860
338,622

Amounts falling due 2-5 years

Bank loans
51,353
-

Other loans
72,505
-


123,858
-


446,039
543,384


Page 8

 
NETWISE HOSTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
66,816
74,258

Between 1-5 years
-
67,729

66,816
141,987

 
Page 9