Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3042023-07-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09555191 2023-07-01 2024-06-30 09555191 2022-07-01 2023-06-30 09555191 2024-06-30 09555191 2023-06-30 09555191 c:Director1 2023-07-01 2024-06-30 09555191 c:Director2 2023-07-01 2024-06-30 09555191 d:FurnitureFittings 2024-06-30 09555191 d:FurnitureFittings 2023-06-30 09555191 d:CurrentFinancialInstruments 2024-06-30 09555191 d:CurrentFinancialInstruments 2023-06-30 09555191 d:Non-currentFinancialInstruments 2024-06-30 09555191 d:Non-currentFinancialInstruments 2023-06-30 09555191 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09555191 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09555191 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09555191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09555191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09555191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09555191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 09555191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09555191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 09555191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 09555191 d:ShareCapital 2024-06-30 09555191 d:ShareCapital 2023-06-30 09555191 d:RetainedEarningsAccumulatedLosses 2024-06-30 09555191 d:RetainedEarningsAccumulatedLosses 2023-06-30 09555191 c:FRS102 2023-07-01 2024-06-30 09555191 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09555191 c:FullAccounts 2023-07-01 2024-06-30 09555191 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09555191 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09555191









ADAPTIVE MONEY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ADAPTIVE MONEY LTD
REGISTERED NUMBER: 09555191

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
222,858
171,051

Cash at bank and in hand
 6 
31,241
28,666

  
254,099
199,717

Creditors: amounts falling due within one year
 7 
(95,418)
(95,539)

Net current assets
  
 
 
158,681
 
 
104,178

Total assets less current liabilities
  
158,681
104,178

Creditors: amounts falling due after more than one year
 8 
(61,388)
(103,139)

  

Net assets
  
97,293
1,039


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
97,143
889

  
97,293
1,039

Page 1

 
ADAPTIVE MONEY LTD
REGISTERED NUMBER: 09555191
    
STATEMENT OF FINANCIAL POSITION (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 on 12 February 2025.




................................................
Sarah Elizabeth Bradwell
................................................
Karen Marie Ball
Director
Director

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

Page 2

 
ADAPTIVE MONEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Adaptive Money Limited is a private company limited by shares, registered in the United Kingdom number 09555191. Its registered office is The Old Chapel, Oaken Clough, Ashton-Under-Lyne, Lancashire, England, OL7 9NX
During the year, the principal activity of the company continued to be that of Activities auxiliary to financial intermediation.

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

 
ADAPTIVE MONEY LTD
 
 
 
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

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.

 
2.7

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.

 
2.8

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.

 
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.

Page 4

 
ADAPTIVE MONEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

2024
2023
£
£

Wages and salaries
57,005
56,178

Cost of defined contribution scheme
462
448

57,467
56,626


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
6,337



At 30 June 2024

6,337



Depreciation


At 1 July 2023
6,337



At 30 June 2024

6,337



Net book value



At 30 June 2024
-



At 30 June 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
222,858
171,051

222,858
171,051


Page 5

 
ADAPTIVE MONEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,241
28,666

31,241
28,666



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
16,734
28,159

Trade creditors
114
6

Corporation tax
44,453
27,773

Other taxation and social security
295
403

Other creditors
32,262
37,759

Accruals and deferred income
1,560
1,439

95,418
95,539



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
61,388
103,139

61,388
103,139


Page 6

 
ADAPTIVE MONEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,734
28,159


16,734
28,159

Amounts falling due 1-2 years

Bank loans
17,352
28,159


17,352
28,159

Amounts falling due 2-5 years

Bank loans
44,036
54,522


44,036
54,522

Amounts falling due after more than 5 years

Bank loans
-
20,456

-
20,456

78,122
131,296


 
Page 7