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Registered number: 10076796









TV CONFERENCING LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
TV CONFERENCING LIMITED
REGISTERED NUMBER: 10076796

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,647
20,071

Current assets
  

Stocks
  
10,583
8,467

Debtors: amounts falling due within one year
 5 
137,561
217,516

Cash at bank and in hand
  
318,593
346,345

  
466,737
572,328

Creditors: amounts falling due within one year
 6 
(245,322)
(343,687)

Net current assets
  
 
 
221,415
 
 
228,641

  

Net assets
  
231,062
248,712


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
231,061
248,711

  
231,062
248,712


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 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 on 27 February 2025.




P T D Bevan
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

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

1.


General information

The company is a private limited company, which is incorporated in England (registration number 10076796).  The address of the registered office is Unit 1, Easter Park, Lenton Lane, Nottingham, NG7 2PX.

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

At the date of approving the financial statements, there remains a degree of uncertainty over the full economic impact of the cost of living and wider geopolitical issues. The directors still believe that the company has sufficient resources to be able to continue to trade until at least March 2026 with the continued support of its parent company. Therefore the financial statements have been prepared on the going concern basis.

Page 2

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

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

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.

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 & equipment
-
25%
Straight line basis

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.

Page 3

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

2.Accounting policies (continued)

 
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 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 46 (2023 - 45).


4.


Tangible fixed assets





Plant & equipment

£



Cost or valuation


At 1 July 2023
51,509


Disposals
(452)



At 30 June 2024

51,057



Depreciation


At 1 July 2023
31,438


Charge for the year on owned assets
10,424


Disposals
(452)



At 30 June 2024

41,410



Net book value



At 30 June 2024
9,647



At 30 June 2023
20,071

Page 4

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

5.


Debtors

2024
2023
£
£


Trade debtors
134,635
192,089

Other debtors
2,809
1,039

Prepayments and accrued income
117
24,388

137,561
217,516



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,053
46,771

Amounts owed to group undertakings
207,579
234,440

Other taxation and social security
-
85

Accruals and deferred income
21,690
62,391

245,322
343,687



7.


Related party transactions

The company's transactions with Trent Vineyard have not been disclosed because the results of the company are incorporated within the group's consolidated financial statements.


8.


Provisions under FRED 68

After the Balance Sheet date, the company gift aided its profit for the year to its parent, Trent Vineyard. As this was not paid during the year, under the provisions of FRED 68 (an amendment to FRS 102) it has not been recognised within the financial statements. However in line with current taxation guidelines, this has been recognised within the tax computation and offset against taxable profits. 


9.


Controlling party

The company is a 100% subsidiary of Trent Vineyard. The registered office of Trent Vineyard is Unit 1, Easter Park, Lenton Lane, Nottingham, NG7 2PX.

Page 5

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

10.


Auditor's information

The auditor's report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 21 March 2025 by Jonathan Wilson FCA CTA (senior statutory auditor) on behalf of Barnett & Turner Accountants Ltd.

 
Page 6