Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseOther human health activities33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12322075 2024-01-01 2024-12-31 12322075 2023-01-01 2023-12-31 12322075 2024-12-31 12322075 2023-12-31 12322075 c:Director3 2024-01-01 2024-12-31 12322075 d:OfficeEquipment 2024-01-01 2024-12-31 12322075 d:OfficeEquipment 2024-12-31 12322075 d:OfficeEquipment 2023-12-31 12322075 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12322075 d:ComputerEquipment 2024-01-01 2024-12-31 12322075 d:ComputerEquipment 2024-12-31 12322075 d:ComputerEquipment 2023-12-31 12322075 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12322075 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12322075 d:CurrentFinancialInstruments 2024-12-31 12322075 d:CurrentFinancialInstruments 2023-12-31 12322075 d:Non-currentFinancialInstruments 2024-12-31 12322075 d:Non-currentFinancialInstruments 2023-12-31 12322075 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12322075 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12322075 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12322075 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12322075 d:ShareCapital 2024-12-31 12322075 d:ShareCapital 2023-12-31 12322075 d:RetainedEarningsAccumulatedLosses 2024-12-31 12322075 d:RetainedEarningsAccumulatedLosses 2023-12-31 12322075 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 12322075 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12322075 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12322075 c:OrdinaryShareClass1 2024-12-31 12322075 c:FRS102 2024-01-01 2024-12-31 12322075 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12322075 c:FullAccounts 2024-01-01 2024-12-31 12322075 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12322075 2 2024-01-01 2024-12-31 12322075 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12322075









CAMBRIDGEBPI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CAMBRIDGEBPI LIMITED
REGISTERED NUMBER: 12322075

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,030
2,023

  
2,030
2,023

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
417
8,014

Cash at bank and in hand
  
85,283
51,810

  
85,700
59,824

Creditors: amounts falling due within one year
 6 
(18,729)
(17,581)

NET CURRENT ASSETS
  
 
 
66,971
 
 
42,243

TOTAL ASSETS LESS CURRENT LIABILITIES
  
69,001
44,266

Creditors: amounts falling due after more than one year
 7 
-
(4,297)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(386)
(384)

NET ASSETS
  
68,615
39,585


CAPITAL AND RESERVES
  

Called up share capital 
 9 
103
103

Profit and loss account
  
68,512
39,482

  
68,615
39,585


Page 1

 
CAMBRIDGEBPI LIMITED
REGISTERED NUMBER: 12322075
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




I Goodyer
Director

Date: 25 March 2025

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

Page 2

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

1.


GENERAL INFORMATION

CambridgeBPI Limited is a private company limited by shares and incorporated in Engalnd and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The company's functional and presentational currency is GBP. 

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 financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future.
Given the progress achieved with the business plan establishing contracts with customers, the directors have a reasonable expectation that the company will be able to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis. 

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Turnover 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 turnover 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

INTEREST INCOME

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

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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:

Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.6

DEBTORS

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

 
2.7

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.

 
2.8

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.

 
2.9

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

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

4.


TANGIBLE FIXED ASSETS





Office equipment
Computer equipment
Total

£
£
£



COST


At 1 January 2024
-
2,066
2,066


Additions
599
-
599



At 31 December 2024

599
2,066
2,665



DEPRECIATION


At 1 January 2024
-
43
43


Charge for the year on owned assets
75
517
592



At 31 December 2024

75
560
635



NET BOOK VALUE



At 31 December 2024
524
1,506
2,030



At 31 December 2023
-
2,023
2,023


5.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
-
6,404

Other debtors
-
1,250

Prepayments and accrued income
417
360

417
8,014


Included within Other debtors as at 31 December 2023 were interest-free advances made during the year to a director amounting to £Nil. This balance was repaid in the year to 31 December 2024 and was non-interest bearing and had no fixed date for repayment.

Page 6

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
849
279

Corporation tax
6,808
4,095

Other taxation and social security
3,600
6,384

Other creditors
782
326

Accruals and deferred income
6,690
6,497

18,729
17,581



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Accruals and deferred income
-
4,297



8.


DEFERRED TAXATION




2024


£






At beginning of year
(384)


Charged to profit or loss
(2)



AT END OF YEAR
(386)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
386
384

386
384

Page 7

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

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,256 Ordinary shares of £0.01 each
103
103


 
Page 8