Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09269897 2023-01-01 2023-12-31 09269897 2022-01-01 2022-12-31 09269897 2023-12-31 09269897 2022-12-31 09269897 c:Director1 2023-01-01 2023-12-31 09269897 d:PlantMachinery 2023-01-01 2023-12-31 09269897 d:MotorVehicles 2023-01-01 2023-12-31 09269897 d:FurnitureFittings 2023-01-01 2023-12-31 09269897 d:ComputerEquipment 2023-01-01 2023-12-31 09269897 d:CurrentFinancialInstruments 2023-12-31 09269897 d:CurrentFinancialInstruments 2022-12-31 09269897 d:Non-currentFinancialInstruments 2023-12-31 09269897 d:Non-currentFinancialInstruments 2022-12-31 09269897 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09269897 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09269897 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09269897 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09269897 d:ShareCapital 2023-12-31 09269897 d:ShareCapital 2022-12-31 09269897 d:RetainedEarningsAccumulatedLosses 2023-12-31 09269897 d:RetainedEarningsAccumulatedLosses 2022-12-31 09269897 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 09269897 c:FRS102 2023-01-01 2023-12-31 09269897 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09269897 c:FullAccounts 2023-01-01 2023-12-31 09269897 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09269897 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09269897










ARGIP TECHNOLOGIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARGIP TECHNOLOGIES LIMITED
REGISTERED NUMBER: 09269897

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
-
1

  
-
1

Current assets
  

Debtors: amounts falling due within one year
 4 
-
105,947

Cash at bank and in hand
  
49,163
2,273

  
49,163
108,220

Creditors: amounts falling due within one year
 5 
(218,713)
(156,268)

Net current liabilities
  
 
 
(169,550)
 
 
(48,048)

Total assets less current liabilities
  
(169,550)
(48,047)

Creditors: amounts falling due after more than one year
 6 
(1,660,592)
(1,610,721)

  

Net liabilities
  
(1,830,142)
(1,658,768)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,830,242)
(1,658,868)

  
(1,830,142)
(1,658,768)


Page 1

 
ARGIP TECHNOLOGIES LIMITED
REGISTERED NUMBER: 09269897

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her 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 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 by: 




Paola Castagno
Director

Date: 14 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARGIP TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Argip Technologies is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

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

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

 
2.3

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 3

 
ARGIP TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

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.

 
2.7

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.

 
2.8

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
ARGIP TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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, .

Depreciation is provided on the following basis:

Plant and machinery
-
straight line over 15 years
Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
straight line over 15 years
Computer equipment
-
25% on reducing balance

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
ARGIP TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
-
99,513

Social security costs
-
5,382

Cost of defined contribution scheme
-
17,265

-
122,160


The average monthly number of employees, including directors, during the year was 1 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
-
62,032

Other debtors
-
43,482

Prepayments and accrued income
-
433

-
105,947



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
36,581
-

Other Loans
46,462
53,239

Bank Loans
72,276
34,969

Trade creditors
28,920
31,810

Other taxation and social security
27,474
28,017

Other creditors
2,971
5,796

Accruals and deferred income
4,029
2,437

218,713
156,268


Page 6

 
ARGIP TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other Creditors
1,660,592
1,564,773

Bank Loans
-
45,948

1,660,592
1,610,721


Page 7