Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2122The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activitytruefalse 06785163 2023-07-01 2024-06-30 06785163 2022-07-01 2023-06-30 06785163 2024-06-30 06785163 2023-06-30 06785163 c:Director2 2023-07-01 2024-06-30 06785163 d:FurnitureFittings 2023-07-01 2024-06-30 06785163 d:FurnitureFittings 2024-06-30 06785163 d:FurnitureFittings 2023-06-30 06785163 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06785163 d:ComputerEquipment 2023-07-01 2024-06-30 06785163 d:ComputerEquipment 2024-06-30 06785163 d:ComputerEquipment 2023-06-30 06785163 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06785163 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06785163 d:CurrentFinancialInstruments 2024-06-30 06785163 d:CurrentFinancialInstruments 2023-06-30 06785163 d:Non-currentFinancialInstruments 2024-06-30 06785163 d:Non-currentFinancialInstruments 2023-06-30 06785163 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06785163 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06785163 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06785163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06785163 d:ShareCapital 2024-06-30 06785163 d:ShareCapital 2023-06-30 06785163 d:SharePremium 2023-07-01 2024-06-30 06785163 d:SharePremium 2024-06-30 06785163 d:SharePremium 2023-06-30 06785163 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 06785163 d:RetainedEarningsAccumulatedLosses 2024-06-30 06785163 d:RetainedEarningsAccumulatedLosses 2023-06-30 06785163 c:OrdinaryShareClass1 2023-07-01 2024-06-30 06785163 c:OrdinaryShareClass1 2024-06-30 06785163 c:OrdinaryShareClass1 2023-06-30 06785163 c:OrdinaryShareClass2 2023-07-01 2024-06-30 06785163 c:OrdinaryShareClass2 2024-06-30 06785163 c:OrdinaryShareClass2 2023-06-30 06785163 c:OrdinaryShareClass3 2023-07-01 2024-06-30 06785163 c:OrdinaryShareClass3 2023-06-30 06785163 c:FRS102 2023-07-01 2024-06-30 06785163 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06785163 c:FullAccounts 2023-07-01 2024-06-30 06785163 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06785163 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 06785163 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06785163 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06785163










FLAME TREE PUBLISHING LTD.








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
FLAME TREE PUBLISHING LTD.
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 10


 
FLAME TREE PUBLISHING LTD.
REGISTERED NUMBER: 06785163

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,020
15,447

Current assets
  

Stocks
  
919,671
1,705,711

Debtors: amounts falling due within one year
 5 
3,234,838
2,826,148

Cash at bank and in hand
 6 
1,762,287
204,535

  
5,916,796
4,736,394

Creditors: amounts falling due within one year
 7 
(3,171,440)
(3,004,261)

Net current assets
  
 
 
2,745,356
 
 
1,732,133

Total assets less current liabilities
  
2,766,376
1,747,580

Creditors: amounts falling due after more than one year
 8 
(55,000)
(85,000)

Provisions for liabilities
  

Deferred tax
  
(5,005)
-

Net assets
  
2,706,371
1,662,580


Capital and reserves
  

Called up share capital 
  
197
197

Share premium account
 12 
199,923
199,923

Profit and loss account
 12 
2,506,251
1,462,460

  
2,706,371
1,662,580


Page 1

 
FLAME TREE PUBLISHING LTD.
REGISTERED NUMBER: 06785163
    
BALANCE SHEET (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 by: 




................................................
N M Wells
Director

Date: 28 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Flame Tree Publishing Ltd. is a private company limited by shares and is registered in England and Wales, United Kingdom. The registered office and trading address is 6 Melbray Mews, Fulham, London, SW6 3NS. The company registration number is 06785163.

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

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 discounting, borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FLAME TREE PUBLISHING LTD.
 
 
 
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.

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

Page 4

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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.


 
2.9

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.

The estimated useful lives range as follows:

Fixtures and fittings
-
5 years
Computer equipment
-
3 years

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 5

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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 weighted average 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 21).

Page 6

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
24,905
129,550
154,455


Additions
4,167
12,152
16,319



At 30 June 2024

29,072
141,702
170,774



Depreciation


At 1 July 2023
24,051
114,957
139,008


Charge for the year on owned assets
1,145
9,601
10,746



At 30 June 2024

25,196
124,558
149,754



Net book value



At 30 June 2024
3,876
17,144
21,020



At 30 June 2023
854
14,593
15,447

Page 7

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,489,995
2,447,351

Other debtors
684,739
297,542

Prepayments and accrued income
60,104
81,255

3,234,838
2,826,148



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,762,287
204,535

Less: bank overdrafts
(508,716)
(479,977)

1,253,571
(275,442)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
508,716
479,977

Bank loans
29,988
80,909

Trade creditors
1,486,506
1,431,672

Corporation tax
357,937
74,624

Other taxation and social security
86,373
20,363

Other creditors
369,902
496,271

Accruals and deferred income
332,018
420,445

3,171,440
3,004,261


The bank overdraft is secured.
Included within other creditors is £338,830 (2023: £483,445) in respect of an invoice discounting account with Barclays Bank PLC. This is secured by fixed and floating charges over the assets of the company.
The rent deposit deed is secured.

Page 8

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
55,000
85,000



9.


Deferred taxation




2024


£






Charged to profit or loss
(5,005)



At end of year
(5,005)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,005)
-

(5,005)
-


10.


Financial instruments

All debtors and creditors are basic financial instruments and held at amortised cost.


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) A Ordinary shares of £1.00 each
100
100
97 (2023 - 77) B Ordinary shares of £1.00 each
97
77
0 (2023 - 20) C Ordinary shares of £1.00 each
-
20

197

197

On 31 October 2023 20 C Ordinary shares were reclassified as 20 B Ordinary shares at par.


Page 9

 
FLAME TREE PUBLISHING LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Reserves

Share premium account

Share premium includes premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account

The profit and loss account reserve includes all current and prior period retained profits and losses. 


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £16,982 (2023: £15,089). Contributions totalling £2,997 (2023: £3,403) were payable to the fund at the balance sheet date and are included in other creditors.


14.


Controlling party

The board of directors consider there to be no controlling party.

 
Page 10