Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true22023-07-01false3No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08641463 2023-07-01 2024-06-30 08641463 2022-07-01 2023-06-30 08641463 2024-06-30 08641463 2023-06-30 08641463 c:Director2 2023-07-01 2024-06-30 08641463 d:FurnitureFittings 2023-07-01 2024-06-30 08641463 d:FurnitureFittings 2024-06-30 08641463 d:FurnitureFittings 2023-06-30 08641463 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08641463 d:CurrentFinancialInstruments 2024-06-30 08641463 d:CurrentFinancialInstruments 2023-06-30 08641463 d:Non-currentFinancialInstruments 2024-06-30 08641463 d:Non-currentFinancialInstruments 2023-06-30 08641463 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08641463 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08641463 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08641463 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08641463 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 08641463 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08641463 d:ShareCapital 2024-06-30 08641463 d:ShareCapital 2023-06-30 08641463 d:RetainedEarningsAccumulatedLosses 2024-06-30 08641463 d:RetainedEarningsAccumulatedLosses 2023-06-30 08641463 c:FRS102 2023-07-01 2024-06-30 08641463 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08641463 c:FullAccounts 2023-07-01 2024-06-30 08641463 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08641463 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08641463









OFFICETECHHUB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
OFFICETECHHUB LIMITED
REGISTERED NUMBER: 08641463

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,267
1,584

  
1,267
1,584

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,800
2,801

Debtors: amounts falling due within one year
 5 
309,769
403,043

Cash at bank and in hand
 6 
6,330
43,068

  
318,899
448,912

Creditors: amounts falling due within one year
 7 
(207,468)
(331,647)

Net current assets
  
 
 
111,431
 
 
117,265

Total assets less current liabilities
  
112,698
118,849

Creditors: amounts falling due after more than one year
 8 
(85,248)
(85,248)

  

Net assets
  
27,450
33,601


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
27,449
33,600

  
27,450
33,601


Page 1

 
OFFICETECHHUB LIMITED
REGISTERED NUMBER: 08641463
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 by: 


................................................
T Saha
Director


Date: 7 March 2025
Date:7 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Officetechhub Limited is a private company limited by shares. The company was incorporated in England and Wales. The registered office is Apsley Mills Cottage Stationers Place, Off London Road, Hemel Hempstead, HP3 9QU. The registered number is 08641463.

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:

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.

 
2.3

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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 corporation 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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% Reducing balance method

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, 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.

 
2.9

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.

Page 4

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 2 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
1,980



At 30 June 2024

1,980



Depreciation


At 1 July 2023
396


Charge for the year on owned assets
317



At 30 June 2024

713



Net book value



At 30 June 2024
1,267



At 30 June 2023
1,584

Page 5

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,800
2,801

2,800
2,801


2024
2023
£
£

Due within one year

Trade debtors
9,690
12,043

Amounts owed by group undertakings
300,079
391,000

309,769
403,043



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,330
43,068

6,330
43,068



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
57,834
64,907

Amounts owed to group undertakings
92,667
188,569

Corporation tax
26,354
16,058

Other taxation and social security
1,362
17,501

Other creditors
-
13,467

Accruals and deferred income
29,251
31,145

207,468
331,647


Page 6

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
85,248
85,248

85,248
85,248


Included in other creditors is a loan of £85,248 (2023: £85,248) from Rijtec Enterprises Limited Pension Scheme, of which the directors are the trustees. The loan is secured by a floating charge over the assets of the company.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
85,248
85,248


85,248
85,248


85,248
85,248



10.


Related party transactions

Included within other creditors at the balance sheet date is an amount of £92,667 (2023: £188,569) due to Andrews Computer Services Limited, a fellow subsidiary company.
Included within other debtors at the balance sheet date is an amount of £300,079 (2023: £391,000) due from Rijtec Enterprises Limited, the parent company.
Included in the profit and loss account are the following transactions with fellow subsidiary company Andrews Computer Services Limited:
• Sales of £35,667 (2023: £28,647) included in turnover
• Purchases of £77,718 (2023: £139,944) included in cost of sales 
• Management fees paid of £382,000 (2023: £380,000) included in administrative expenses
 

Page 7

 
OFFICETECHHUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Controlling party

The immediate parent company is Rijtec Enterprises Limited, a company registered in England and Wales, and the ultimate controlling parties are the directors, T Saha and I Saha.

 
Page 8