Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2024-03-03No description of principal activity1true 15538054 2024-03-02 15538054 2024-03-03 2024-12-31 15538054 2023-03-03 2024-03-02 15538054 2024-12-31 15538054 c:Director1 2024-03-03 2024-12-31 15538054 d:CurrentFinancialInstruments 2024-12-31 15538054 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15538054 d:ShareCapital 2024-12-31 15538054 d:RetainedEarningsAccumulatedLosses 2024-12-31 15538054 c:FRS102 2024-03-03 2024-12-31 15538054 c:AuditExempt-NoAccountantsReport 2024-03-03 2024-12-31 15538054 c:FullAccounts 2024-03-03 2024-12-31 15538054 c:PrivateLimitedCompanyLtd 2024-03-03 2024-12-31 15538054 e:PoundSterling 2024-03-03 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15538054









SODEC UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
SODEC UK LTD
REGISTERED NUMBER: 15538054

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,405

Cash at bank and in hand
 5 
9,763

  
14,168

Creditors: amounts falling due within one year
 6 
(4,087)

Net current assets
  
 
 
10,081

Total assets less current liabilities
  
10,081

  

Net assets
  
10,081


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
9,981

  
10,081


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 period 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.

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 comprehensive income 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 28 January 2025.




Mr Marius PETRE
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SODEC UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The company was incorporated on 3 March 2024 as a private company limited by shares. It started trading operations on same day. Its Registered Office address is at 2nd floor, 19 Margaret Street, London W1W 8RR, United Kingdom.

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

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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
SODEC UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 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

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.


 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 3

 
SODEC UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


     Period ended
     31 December
        2024
            No.






Director
1


4.


Debtors

2024
£


Other debtors
1,357

Called up share capital not paid
100

Prepayments and accrued income
2,948

4,405



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
9,763

9,763



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
1,235

Corporation tax
2,852

4,087


Page 4

 
SODEC UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Controlling party

The ultimate controlling party and ultimate beneficial owner is Mr Marius Petre, company director.

 
Page 5