Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-1011No description of principal activityfalsetruefalse 14992733 2023-07-09 14992733 2023-07-10 2024-07-31 14992733 2022-07-10 2023-07-09 14992733 2024-07-31 14992733 c:Director1 2023-07-10 2024-07-31 14992733 d:FurnitureFittings 2023-07-10 2024-07-31 14992733 d:FurnitureFittings 2024-07-31 14992733 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-10 2024-07-31 14992733 d:OfficeEquipment 2023-07-10 2024-07-31 14992733 d:OfficeEquipment 2024-07-31 14992733 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-10 2024-07-31 14992733 d:OwnedOrFreeholdAssets 2023-07-10 2024-07-31 14992733 d:CurrentFinancialInstruments 2024-07-31 14992733 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14992733 d:ShareCapital 2024-07-31 14992733 d:RetainedEarningsAccumulatedLosses 2024-07-31 14992733 c:OrdinaryShareClass1 2023-07-10 2024-07-31 14992733 c:OrdinaryShareClass1 2024-07-31 14992733 c:FRS102 2023-07-10 2024-07-31 14992733 c:AuditExempt-NoAccountantsReport 2023-07-10 2024-07-31 14992733 c:FullAccounts 2023-07-10 2024-07-31 14992733 c:PrivateLimitedCompanyLtd 2023-07-10 2024-07-31 14992733 2 2023-07-10 2024-07-31 14992733 e:PoundSterling 2023-07-10 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14992733









TEACH195 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
TEACH195 LIMITED
REGISTERED NUMBER: 14992733

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
22,086

  
22,086

Current assets
  

Debtors: amounts falling due within one year
 5 
211,703

Cash at bank and in hand
  
97,515

  
309,218

Creditors: amounts falling due within one year
 6 
(775,566)

Net current (liabilities)/assets
  
 
 
(466,348)

Total assets less current liabilities
  
(444,262)

  

Net (liabilities)/assets
  
(444,262)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(444,362)

  
(444,262)


Page 1

 
TEACH195 LIMITED
REGISTERED NUMBER: 14992733
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 period 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 on 9 April 2025.




J Uppal
Director

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

Page 2

 
TEACH195 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 14992733.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The company was incorporated on 10 July 2023 and these accounts cover the period from incorporation to 31 July 2024.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 company has made a loss in the year due to initial start up costs and as a result has net liabilities as at the balance sheet date.  The company is expected to make a profit going forwards, and the main creditor of the company are the directors who intend to continue to support the company for the foreseeable future and therefore the directors consider it appropriate to prepare the accounts on a going concern basis.

 
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:

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

Interest income

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

Page 3

 
TEACH195 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Fixtures and fittings
-
25%
Office equipment
-
33%

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
TEACH195 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 11.


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


Additions
3,392
25,569
28,961



At 31 July 2024

3,392
25,569
28,961



Depreciation


Charge for the period on owned assets
630
6,245
6,875



At 31 July 2024

630
6,245
6,875



Net book value



At 31 July 2024
2,762
19,324
22,086


5.


Debtors

2024
£


Trade debtors
183,847

Other debtors
10,390

Prepayments and accrued income
17,466

211,703


Page 5

 
TEACH195 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
28,760

Other taxation and social security
48,201

Other creditors
678,167

Accruals and deferred income
20,438

775,566



7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1.00 each were allotted on incorporation at par value.


8.


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. Contributions totalling £2,640  were payable to the fund at the balance sheet date and are included in creditors.


9.Other financial commitments

The company had total commitments as at the balance sheet date of £127,099.


10.


Related party transactions

During the period the company recieved a loan from the directors of £670,000.  In addition the directors settled expenses on behalf of the company of £5,527.  Amounts outstanding and due to the directors as at the balance sheet date was £675,527.
Loans are interest free and repayable on demand.

 
Page 6