Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-310falsefalse2024-01-01No description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07153259 2024-01-01 2024-12-31 07153259 2023-01-01 2023-12-31 07153259 2024-12-31 07153259 2023-12-31 07153259 c:Director1 2024-01-01 2024-12-31 07153259 c:Director2 2024-01-01 2024-12-31 07153259 c:Director4 2024-01-01 2024-12-31 07153259 c:RegisteredOffice 2024-01-01 2024-12-31 07153259 d:FurnitureFittings 2024-01-01 2024-12-31 07153259 d:FurnitureFittings 2024-12-31 07153259 d:FurnitureFittings 2023-12-31 07153259 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07153259 d:OfficeEquipment 2024-01-01 2024-12-31 07153259 d:OfficeEquipment 2024-12-31 07153259 d:OfficeEquipment 2023-12-31 07153259 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07153259 d:ComputerEquipment 2024-01-01 2024-12-31 07153259 d:ComputerEquipment 2024-12-31 07153259 d:ComputerEquipment 2023-12-31 07153259 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07153259 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07153259 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07153259 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07153259 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07153259 d:CurrentFinancialInstruments 2024-12-31 07153259 d:CurrentFinancialInstruments 2023-12-31 07153259 d:Non-currentFinancialInstruments 2024-12-31 07153259 d:Non-currentFinancialInstruments 2023-12-31 07153259 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07153259 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07153259 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07153259 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07153259 d:ShareCapital 2024-12-31 07153259 d:ShareCapital 2023-12-31 07153259 d:SharePremium 2024-12-31 07153259 d:SharePremium 2023-12-31 07153259 d:RetainedEarningsAccumulatedLosses 2024-12-31 07153259 d:RetainedEarningsAccumulatedLosses 2023-12-31 07153259 c:FRS102 2024-01-01 2024-12-31 07153259 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07153259 c:FullAccounts 2024-01-01 2024-12-31 07153259 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07153259 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 07153259 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07153259 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 07153259







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


STRUCTEAM LTD






































img5f47.png                        

 


STRUCTEAM LTD
 


 
COMPANY INFORMATION


Directors
Mr J Sellier 
Ms J Chipperfield 
Mr R Sajous 




Registered number
07153259



Registered office
New Kings Court
Tollgate

Chandlers Ford

Eastleigh

Hampshire

SO53 3LG




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


STRUCTEAM LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


STRUCTEAM LTD
REGISTERED NUMBER:07153259



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
826,133
735,515

Tangible assets
 5 
16,684
28,375

  
842,817
763,890

Current assets
  

Stocks
  
11,128
15,879

Debtors: amounts falling due within one year
 6 
894,422
948,460

Cash at bank and in hand
  
60,818
57,392

  
966,368
1,021,731

Creditors: amounts falling due within one year
 7 
(269,632)
(250,436)

Net current assets
  
 
 
696,736
 
 
771,295

Total assets less current liabilities
  
1,539,553
1,535,185

Creditors: amounts falling due after more than one year
 8 
(4,167)
(14,161)

  

Net assets
  
1,535,386
1,521,024

Page 1

 


STRUCTEAM LTD
REGISTERED NUMBER:07153259


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
849
849

Share premium account
  
82,426
82,426

Profit and loss account
  
1,452,111
1,437,749

  
1,535,386
1,521,024


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: 




Mr J Sellier
Director

Date: 10 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


STRUCTEAM LTD
 


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

1.


General information

Structeam Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The functional and presentation currency in these financial statements id GBP rounded to the nearest £1

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

R & D Expenditure
-
20% reducing balance

 
2.4

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 3

 


STRUCTEAM LTD
 


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

2.Accounting policies (continued)


2.4
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:

Office equipment
-
25%
straight line
Equipment
-
33%
straight line
Computer software
-

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

 
2.7

Dividends

 
2.8

Borrowing costs

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

 
2.9

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.


Page 4

 


STRUCTEAM LTD
 


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

2.Accounting policies (continued)

 
2.10

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).


4.


Intangible assets




Research & development

£



Cost


At 1 January 2024
1,308,609


Additions
274,143



At 31 December 2024

1,582,752



Amortisation


At 1 January 2024
573,094


Charge for the year on owned assets
183,525



At 31 December 2024

756,619



Net book value



At 31 December 2024
826,133



At 31 December 2023
735,515



Page 5

 


STRUCTEAM LTD
 


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

5.


Tangible fixed assets





Office equipment
Pullwind equipment
Computer software
Total

£
£
£
£



Cost or valuation


At 1 January 2024
46,758
30,666
37,513
114,937


Additions
119
-
-
119



At 31 December 2024

46,877
30,666
37,513
115,056



Depreciation


At 1 January 2024
38,922
15,333
32,307
86,562


Charge for the year on owned assets
3,921
7,667
221
11,809



At 31 December 2024

42,843
23,000
32,528
98,371



Net book value



At 31 December 2024
4,034
7,666
4,985
16,685



At 31 December 2023
7,836
15,333
5,206
28,375


6.


Debtors

2024
2023
£
£


Trade debtors
91,790
204,586

Amounts owed by group undertakings
739,909
684,495

Other debtors
44,629
49,245

Prepayments and accrued income
18,094
10,134

894,422
948,460


Page 6

 


STRUCTEAM LTD
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
71,084
32,662

Amounts owed to group undertakings
6,629
4,587

Other taxation and social security
25,839
46,761

Other creditors
60,111
24,198

Accruals and deferred income
95,969
132,228

269,632
250,436



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,167
14,161

4,167
14,161



9.


Related party transactions

Included within the debtors due within one year are amounts owed from the director to the company amounting to £4,754 (2023: £325). This loan is undated and interest free.

Page 7