Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falsedesign and manufacture of pressure sensitive 3D Multi-Touch technology.3333truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08226094 2023-10-01 2024-09-30 08226094 2022-10-01 2023-09-30 08226094 2024-09-30 08226094 2023-09-30 08226094 c:Director7 2023-10-01 2024-09-30 08226094 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 08226094 d:Buildings d:LongLeaseholdAssets 2024-09-30 08226094 d:Buildings d:LongLeaseholdAssets 2023-09-30 08226094 d:PlantMachinery 2023-10-01 2024-09-30 08226094 d:PlantMachinery 2024-09-30 08226094 d:PlantMachinery 2023-09-30 08226094 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08226094 d:FurnitureFittings 2023-10-01 2024-09-30 08226094 d:FurnitureFittings 2024-09-30 08226094 d:FurnitureFittings 2023-09-30 08226094 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08226094 d:ComputerEquipment 2023-10-01 2024-09-30 08226094 d:ComputerEquipment 2024-09-30 08226094 d:ComputerEquipment 2023-09-30 08226094 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08226094 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08226094 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 08226094 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 08226094 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 08226094 d:CurrentFinancialInstruments 2024-09-30 08226094 d:CurrentFinancialInstruments 2023-09-30 08226094 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08226094 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08226094 d:ShareCapital 2024-09-30 08226094 d:ShareCapital 2023-09-30 08226094 d:SharePremium 2024-09-30 08226094 d:SharePremium 2023-09-30 08226094 d:RetainedEarningsAccumulatedLosses 2024-09-30 08226094 d:RetainedEarningsAccumulatedLosses 2023-09-30 08226094 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08226094 c:OrdinaryShareClass1 2024-09-30 08226094 c:OrdinaryShareClass1 2023-09-30 08226094 c:OrdinaryShareClass2 2023-10-01 2024-09-30 08226094 c:OrdinaryShareClass2 2024-09-30 08226094 c:OrdinaryShareClass2 2023-09-30 08226094 c:FRS102 2023-10-01 2024-09-30 08226094 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08226094 c:FullAccounts 2023-10-01 2024-09-30 08226094 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08226094 d:WithinOneYear 2024-09-30 08226094 d:WithinOneYear 2023-09-30 08226094 d:BetweenOneFiveYears 2024-09-30 08226094 d:BetweenOneFiveYears 2023-09-30 08226094 2 2023-10-01 2024-09-30 08226094 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-10-01 2024-09-30 08226094 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08226094









CAMBRIDGE TOUCH TECHNOLOGIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
REGISTERED NUMBER: 08226094

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
4,121
13,664

Tangible assets
 5 
341,253
460,952

  
345,374
474,616

CURRENT ASSETS
  

Stocks
  
5,406
5,591

Debtors: amounts falling due within one year
 6 
968,061
1,802,781

Cash at bank and in hand
  
783,296
4,095,063

  
1,756,763
5,903,435

Creditors: amounts falling due within one year
 7 
(502,909)
(709,036)

NET CURRENT ASSETS
  
 
 
1,253,854
 
 
5,194,399

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,599,228
5,669,015

  

NET ASSETS
  
1,599,228
5,669,015


CAPITAL AND RESERVES
  

Called up share capital 
  
21
21

Share premium account
  
26,553,605
26,551,810

Profit and loss account
  
(24,954,398)
(20,882,816)

  
1,599,228
5,669,015


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.
Page 1

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
REGISTERED NUMBER: 08226094
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


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 profit and loss account 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: 






A Matthews
Director

Date: 19 March 2025

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

Page 2

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Cambridge Touch Technologies Ltd is a private company limited by shares and incorporated in England
and Wales. Its registered office address is Parallax 270 Cambridge Science Park, Milton Road, Cambridge, CB4 0WE.

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

GOING CONCERN

The directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and not less than twelve months from the approval of the financial statements. Therefore, the directors continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Page 3

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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.

 
2.7

INTEREST INCOME

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

 
2.8

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.

 
2.9

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

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:

Purchased IP
-
3
years

 
2.12

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
-
5 years straight-line
Plant and machinery
-
5 years straight-line
Fixtures and fittings
-
5 years straight-line
Computer equipment
-
3 years 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.

 
2.13

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 balance sheet 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.

 
2.14

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 5

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.15

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.

 
2.16

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 33 (2023 - 33).


4.


INTANGIBLE ASSETS




Patents

£



COST


At 1 October 2023
52,915



At 30 September 2024

52,915



AMORTISATION


At 1 October 2023
39,251


Charge for the year on owned assets
9,543



At 30 September 2024

48,794



NET BOOK VALUE



At 30 September 2024
4,121



At 30 September 2023
13,664



Page 6

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 October 2023
291,988
197,856
134,305
200,428
824,577


Additions
7,487
2,835
-
3,949
14,271



At 30 September 2024

299,475
200,691
134,305
204,377
838,848



DEPRECIATION


At 1 October 2023
36,504
116,811
70,211
140,099
363,625


Charge for the year on owned assets
63,246
26,903
14,564
29,257
133,970



At 30 September 2024

99,750
143,714
84,775
169,356
497,595



NET BOOK VALUE



At 30 September 2024
199,725
56,977
49,530
35,021
341,253



At 30 September 2023
255,484
81,045
64,094
60,329
460,952


6.


DEBTORS

2024
2023
£
£


Other debtors
807,711
1,682,639

Prepayments and accrued income
160,350
120,142

968,061
1,802,781


Page 7

 
CAMBRIDGE TOUCH TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
313,899
166,734

Other taxation and social security
48,707
62,713

Other creditors
72,367
290,331

Accruals and deferred income
67,936
189,258

502,909
709,036


Other creditors include contributions of £18,977 (2023: £22,085) payable to the Company's defined contribution pension scheme at the balance sheet date.


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,825,361 (2023 - 1,823,086) Ordinary shares of £0.00001 each
18.25
18.23
312,985 (310,962) Preference shares of £0.00001 each
3.13
3.13

21.38

21.36


During the year ended 30 September 2024 the company issued:
2,275 Ordinary shares of £0.00001 for a total consideration of £1,795.
The difference between the total consideration received and total nominal value of the shares issued has been included in the share premium account.




9.


COMMITMENTS UNDER OPERATING LEASES

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
273,271
273,271

Later than 1 year and not later than 5 years
546,542
819,813

819,813
1,093,084

 
Page 8