Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01Management consultancy22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06976084 2023-08-01 2024-07-31 06976084 2022-08-01 2023-07-31 06976084 2024-07-31 06976084 2023-07-31 06976084 2022-08-01 06976084 c:Director2 2023-08-01 2024-07-31 06976084 d:ComputerEquipment 2023-08-01 2024-07-31 06976084 d:ComputerEquipment 2024-07-31 06976084 d:ComputerEquipment 2023-07-31 06976084 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06976084 d:CurrentFinancialInstruments 2024-07-31 06976084 d:CurrentFinancialInstruments 2023-07-31 06976084 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06976084 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06976084 d:ShareCapital 2024-07-31 06976084 d:ShareCapital 2023-07-31 06976084 d:RetainedEarningsAccumulatedLosses 2024-07-31 06976084 d:RetainedEarningsAccumulatedLosses 2023-07-31 06976084 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 06976084 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06976084 c:FRS102 2023-08-01 2024-07-31 06976084 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06976084 c:FullAccounts 2023-08-01 2024-07-31 06976084 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06976084 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 06976084










CLAIMNOTPAIDDIRECT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
CLAIMNOTPAIDDIRECT LIMITED
REGISTERED NUMBER: 06976084

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
325
589

Current assets
  

Cash at bank and in hand
  
7,179
7,386

Creditors: amounts falling due within one year
 5 
(2,771)
(2,776)

Net current assets
  
 
 
4,408
 
 
4,610

Total assets less current liabilities
  
4,733
5,199

Provisions for liabilities
  

Deferred tax
 6 
-
(147)

Net assets
  
4,733
5,052


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,732
5,051

  
4,733
5,052


Page 1

 
CLAIMNOTPAIDDIRECT LIMITED
REGISTERED NUMBER: 06976084
    
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 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 on 28 April 2025.




S C Dunn
Director

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

Page 2

 
CLAIMNOTPAIDDIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Claimnotpaiddirect Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 06976084). Its registered office is 85 Pingle Road, Sheffield, S7 2LL. The principal activity of the Company throughout the year continued to be that of the provision of consultancy services.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

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.

Page 3

 
CLAIMNOTPAIDDIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current 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.


 
2.4

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, as follows.

The depreciation rates used are:

Computer equipment
-
25%
straight line

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 Statement of Income and Retained Earnings.

Page 4

 
CLAIMNOTPAIDDIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

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

Page 5

 
CLAIMNOTPAIDDIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 August 2023
4,378



At 31 July 2024

4,378



Depreciation


At 1 August 2023
3,789


Charge for the year on owned assets
264



At 31 July 2024

4,053



Net book value



At 31 July 2024
325



At 31 July 2023
589


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
393
-

Other taxation and social security
104
78

Accruals and deferred income
2,274
2,698

2,771
2,776


Page 6

 
CLAIMNOTPAIDDIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Deferred taxation




2024
2023


£

£






At beginning of year
147
215


Charged to the Statement of Income and Retained Earnings
(147)
(68)



At end of year
-
(147)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
147

-
147

 
Page 7