Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30truefalse2No description of principal activityfalsetrue2023-05-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09546865 2023-05-01 2024-04-30 09546865 2022-05-01 2023-04-30 09546865 2024-04-30 09546865 2023-04-30 09546865 c:Director1 2023-05-01 2024-04-30 09546865 d:CurrentFinancialInstruments 2024-04-30 09546865 d:CurrentFinancialInstruments 2023-04-30 09546865 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09546865 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09546865 d:ShareCapital 2024-04-30 09546865 d:ShareCapital 2023-04-30 09546865 d:RetainedEarningsAccumulatedLosses 2024-04-30 09546865 d:RetainedEarningsAccumulatedLosses 2023-04-30 09546865 c:FRS102 2023-05-01 2024-04-30 09546865 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09546865 c:FullAccounts 2023-05-01 2024-04-30 09546865 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09546865 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09546865









TESTWAY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
TESTWAY LIMITED
REGISTERED NUMBER: 09546865

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
44,983
38,331

Cash at bank and in hand
  
3,578
1,162

  
48,561
39,493

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(14,386)
(10,309)

Net current assets
  
 
 
34,175
 
 
29,184

Total assets less current liabilities
  
34,175
29,184

  

Net assets
  
34,175
29,184


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
34,174
29,183

  
34,175
29,184


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 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 11 April 2025.




Y Fegel
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
TESTWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Testway Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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

Revenue recognition

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.
Turnover comprises revenue recognised by the company in respect of business administration services supplied during the year. Revenue is recognised in the period in which the service is provided. 

 
2.3

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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.


Page 2

 
TESTWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments 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 non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Debtors

2024
2023
£
£


Trade debtors
2,799
26,951

Other debtors
42,184
11,380

44,983
38,331


Page 3

 
TESTWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,505
5,535

Corporation tax
1,171
837

Other taxation and social security
4,489
1,220

Other creditors
721
217

Accruals and deferred income
2,500
2,500

14,386
10,309


 
Page 4