Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activitytrue2023-07-01false24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07860307 2023-07-01 2024-06-30 07860307 2022-07-01 2023-06-30 07860307 2024-06-30 07860307 2023-06-30 07860307 1 2023-07-01 2024-06-30 07860307 d:Director2 2023-07-01 2024-06-30 07860307 c:Buildings c:ShortLeaseholdAssets 2023-07-01 2024-06-30 07860307 c:Buildings c:ShortLeaseholdAssets 2024-06-30 07860307 c:Buildings c:ShortLeaseholdAssets 2023-06-30 07860307 c:MotorVehicles 2023-07-01 2024-06-30 07860307 c:MotorVehicles 2024-06-30 07860307 c:MotorVehicles 2023-06-30 07860307 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07860307 c:FurnitureFittings 2023-07-01 2024-06-30 07860307 c:FurnitureFittings 2024-06-30 07860307 c:FurnitureFittings 2023-06-30 07860307 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07860307 c:ComputerEquipment 2023-07-01 2024-06-30 07860307 c:ComputerEquipment 2024-06-30 07860307 c:ComputerEquipment 2023-06-30 07860307 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07860307 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07860307 c:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 07860307 c:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 07860307 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 07860307 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 07860307 c:CurrentFinancialInstruments 2024-06-30 07860307 c:CurrentFinancialInstruments 2023-06-30 07860307 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 07860307 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 07860307 c:ShareCapital 2024-06-30 07860307 c:ShareCapital 2023-06-30 07860307 c:SharePremium 2024-06-30 07860307 c:SharePremium 2023-06-30 07860307 c:RetainedEarningsAccumulatedLosses 2024-06-30 07860307 c:RetainedEarningsAccumulatedLosses 2023-06-30 07860307 d:OrdinaryShareClass1 2023-07-01 2024-06-30 07860307 d:OrdinaryShareClass1 2024-06-30 07860307 d:OrdinaryShareClass1 2023-06-30 07860307 d:OrdinaryShareClass2 2023-07-01 2024-06-30 07860307 d:OrdinaryShareClass2 2024-06-30 07860307 d:OrdinaryShareClass2 2023-06-30 07860307 d:FRS102 2023-07-01 2024-06-30 07860307 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07860307 d:FullAccounts 2023-07-01 2024-06-30 07860307 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07860307 c:WithinOneYear 2024-06-30 07860307 c:WithinOneYear 2023-06-30 07860307 c:PatentsTrademarksLicencesConcessionsSimilar c:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 07860307 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 07860307 c:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 07860307 c:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07860307 c:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07860307 c:PatentsTrademarksLicencesConcessionsSimilar c:OwnedIntangibleAssets 2023-07-01 2024-06-30 07860307 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:OwnedIntangibleAssets 2023-07-01 2024-06-30 07860307 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07860307










CHATTERBOX LABS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CHATTERBOX LABS LIMITED
REGISTERED NUMBER: 07860307

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
3,538,646
3,678,314

Tangible assets
 4 
33,772
114,527

  
3,572,418
3,792,841

Current assets
  

Debtors: amounts falling due within one year
 5 
373,332
1,121,298

Cash at bank and in hand
  
11,978
170

Current liabilities
  
385,310
1,121,468

Creditors: amounts falling due within one year
 6 
(82,958)
(607,810)

Net current assets
  
 
 
302,352
 
 
513,658

Total assets less current liabilities
  
3,874,770
4,306,499

Provisions for liabilities
  

Deferred tax
 7 
(883,686)
(939,592)

  
 
 
(883,686)
 
 
(939,592)

Net assets
  
2,991,084
3,366,907


Capital and reserves
  

Called up share capital 
 8 
113
113

Share premium account
  
64,987
64,987

Profit and loss account
  
2,925,984
3,301,807

  
2,991,084
3,366,907


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
CHATTERBOX LABS LIMITED
REGISTERED NUMBER: 07860307

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by 


D A Coleman
Director
Date: 28 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Chatterbox Labs Limited (07860307) is a company limited by shares, incorporated in England and Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes. Revenue can also include other income from new and existing trade relationships.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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 stated below.

Depreciation is provided on the following basis:

Improvement to short leased property
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
15%
straight line
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 profit or loss.

Page 3

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
2.8

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.

Page 4

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives of ten years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 5

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Intangible assets




Patents
Development
Total

£
£
£



Cost


At 1 July 2023
62,757
5,416,224
5,478,981


Additions
10,530
246,127
256,657



At 30 June 2024

73,287
5,662,351
5,735,638



Amortisation


At 1 July 2023
28,286
1,772,381
1,800,667


Charge for the year on owned assets
7,328
388,997
396,325



At 30 June 2024

35,614
2,161,378
2,196,992



Net book value



At 30 June 2024
37,673
3,500,973
3,538,646



At 30 June 2023
34,471
3,643,843
3,678,314



Page 6

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Improvement to short leased property
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
3,784
145,225
5,150
86,140
240,299


Additions
-
-
-
1,217
1,217


Disposals
-
(92,375)
-
-
(92,375)



At 30 June 2024

3,784
52,850
5,150
87,357
149,141



Depreciation


At 1 July 2023
2,778
36,306
4,208
82,480
125,772


Charge for the year on owned assets
201
9,909
403
2,178
12,691


Disposals
-
(23,094)
-
-
(23,094)



At 30 June 2024

2,979
23,121
4,611
84,658
115,369



Net book value



At 30 June 2024
805
29,729
539
2,699
33,772



At 30 June 2023
1,006
108,919
942
3,660
114,527


5.


Debtors

2024
2023
£
£


Trade debtors
-
916,704

Other debtors
223,928
3,501

Prepayments and accrued income
7,500
17,475

Tax recoverable
141,904
183,618

373,332
1,121,298


Included within other debtors due within one year is a loan to D A Colman, a director, amounting to 150,000 (2023 - £nil). Amounts repaid during the year totalled £22,278. The main conditions were as follows:

An interest free loan with no set repayment date.

Page 7

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
10,238

Corporation tax
69,187
-

Other taxation and social security
4,459
489,434

Other creditors
112
69,980

Accruals and deferred income
9,200
38,158

82,958
607,810



7.


Deferred taxation




2024


£






At beginning of year
(939,592)


Charged to profit or loss
55,906



At end of year
(883,686)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Short term timing differences
(883,686)
(939,592)


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) A Ordinary shares of £0.01 each
100
100
1,300 (2023 - 1,300) B Ordinary shares of £0.01 each
13
13

113

113


Page 8

 
CHATTERBOX LABS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
9,375
12,500


10.


Post balance sheet events

Building on a publicly awarded contract on 5 December 2023, the company is currently engaged in discussions with Deloitte for $1M and the US Department of Defense for $4.8M regarding work delivered for the period ending 30 June 2024.


Page 9