Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31false2023-06-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10184137 2023-06-01 2024-05-31 10184137 2022-06-01 2023-05-31 10184137 2024-05-31 10184137 2023-05-31 10184137 c:Director1 2023-06-01 2024-05-31 10184137 d:FurnitureFittings 2023-06-01 2024-05-31 10184137 d:FurnitureFittings 2024-05-31 10184137 d:FurnitureFittings 2023-05-31 10184137 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10184137 d:CurrentFinancialInstruments 2024-05-31 10184137 d:CurrentFinancialInstruments 2023-05-31 10184137 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10184137 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10184137 d:ShareCapital 2024-05-31 10184137 d:ShareCapital 2023-05-31 10184137 d:RetainedEarningsAccumulatedLosses 2024-05-31 10184137 d:RetainedEarningsAccumulatedLosses 2023-05-31 10184137 c:FRS102 2023-06-01 2024-05-31 10184137 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10184137 c:FullAccounts 2023-06-01 2024-05-31 10184137 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10184137 2 2023-06-01 2024-05-31 10184137 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 10184137









TEXTILE FOUNDRY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
TEXTILE FOUNDRY LIMITED
REGISTERED NUMBER: 10184137

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,471
13,210

  
9,471
13,210

Current assets
  

Debtors: amounts falling due within one year
 5 
46,740
73,610

Cash at bank and in hand
 6 
118,009
49,922

  
164,749
123,532

Creditors: amounts falling due within one year
 7 
(111,032)
(56,526)

Net current assets
  
 
 
53,717
 
 
67,006

Total assets less current liabilities
  
63,188
80,216

  

Net assets
  
63,188
80,216


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
63,187
80,215

  
63,188
80,216


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.
 
Page 1

 
TEXTILE FOUNDRY LIMITED
REGISTERED NUMBER: 10184137
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


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 26 February 2025.




M J Bourne
Director

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

Page 2

 
TEXTILE FOUNDRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Textile Foundry Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 18 Calvin Street, London, E1 6HF. 

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

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.

 
2.3

Turnover

Turnover comprises of management services and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
TEXTILE FOUNDRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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:

Fixtures and fittings
-
20%
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.

 
2.8

Debtors

Short term debtors are measured at transaction price.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
TEXTILE FOUNDRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
8,748
8,748

Pension contributions
50,000
-

58,748
8,748


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


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2023
18,695



At 31 May 2024

18,695



Depreciation


At 1 June 2023
5,485


Charge for the year on owned assets
3,739



At 31 May 2024

9,224



Net book value



At 31 May 2024
9,471



At 31 May 2023
13,210

Page 5

 
TEXTILE FOUNDRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
28,800
69,300

Other debtors
5,540
4,310

Prepayments
12,400
-

46,740
73,610



6.


Cash

2024
2023
£
£

Cash at bank
118,009
49,922

118,009
49,922



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,752
6,392

Corporation tax
-
3,665

Other taxation and social security
-
20,290

Other creditors
17,230
21,854

Accruals
4,325
4,325

DAI Global, LLC Grant
77,725
-

111,032
56,526


 
Page 6