Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01No description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09551182 2023-04-01 2024-03-31 09551182 2022-04-01 2023-03-31 09551182 2024-03-31 09551182 2023-03-31 09551182 c:Director1 2023-04-01 2024-03-31 09551182 d:PlantMachinery 2023-04-01 2024-03-31 09551182 d:PlantMachinery 2024-03-31 09551182 d:PlantMachinery 2023-03-31 09551182 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09551182 d:CurrentFinancialInstruments 2024-03-31 09551182 d:CurrentFinancialInstruments 2023-03-31 09551182 d:Non-currentFinancialInstruments 2024-03-31 09551182 d:Non-currentFinancialInstruments 2023-03-31 09551182 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09551182 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09551182 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09551182 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09551182 d:ShareCapital 2024-03-31 09551182 d:ShareCapital 2023-03-31 09551182 d:RetainedEarningsAccumulatedLosses 2024-03-31 09551182 d:RetainedEarningsAccumulatedLosses 2023-03-31 09551182 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09551182 c:OrdinaryShareClass1 2024-03-31 09551182 c:OrdinaryShareClass1 2023-03-31 09551182 c:FRS102 2023-04-01 2024-03-31 09551182 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09551182 c:FullAccounts 2023-04-01 2024-03-31 09551182 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09551182 2 2023-04-01 2024-03-31 09551182 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09551182









HUMBUG DIGITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HUMBUG DIGITAL LTD
REGISTERED NUMBER: 09551182

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
943
1,326

  
943
1,326

Current assets
  

Debtors: amounts falling due within one year
 5 
8,597
397

Cash at bank and in hand
  
9,291
25,165

  
17,888
25,562

Creditors: amounts falling due within one year
 6 
(1,520)
(7,638)

Net current assets
  
 
 
16,368
 
 
17,924

Total assets less current liabilities
  
17,311
19,250

Creditors: amounts falling due after more than one year
 7 
(18,477)
(18,477)

  

Net (liabilities)/assets
  
(1,166)
773


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(1,266)
673

  
(1,166)
773


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.

Page 1

 
HUMBUG DIGITAL LTD
REGISTERED NUMBER: 09551182
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 21 March 2025.




N J Moss
Director

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

Page 2

 
HUMBUG DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hambug Digital Ltd ("the Company") is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

 
2.3

Interest income

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

 
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.

 
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.

Page 3

 
HUMBUG DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

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:

Plant and machinery
-
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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 4

 
HUMBUG DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 the director, during the year was 1 (2023 - 2).



4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
4,629



At 31 March 2024

4,629



Depreciation


At 1 April 2023
3,303


Charge for the year on owned assets
383



At 31 March 2024

3,686



Net book value



At 31 March 2024
943

Page 5

 
HUMBUG DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
8,597
397



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
3,105

Corporation tax
-
1,187

Other taxation and social security
-
526

Other creditors
-
1,300

Accruals
1,520
1,520

1,520
7,638



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
18,477
18,477



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6