Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31102024-01-01falseNo description of principal activity9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09117606 2024-01-01 2024-12-31 09117606 2023-01-01 2023-12-31 09117606 2024-12-31 09117606 2023-12-31 09117606 c:Director1 2024-01-01 2024-12-31 09117606 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09117606 d:Buildings d:LongLeaseholdAssets 2024-12-31 09117606 d:Buildings d:LongLeaseholdAssets 2023-12-31 09117606 d:FurnitureFittings 2024-01-01 2024-12-31 09117606 d:FurnitureFittings 2024-12-31 09117606 d:FurnitureFittings 2023-12-31 09117606 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09117606 d:ComputerEquipment 2024-01-01 2024-12-31 09117606 d:ComputerEquipment 2024-12-31 09117606 d:ComputerEquipment 2023-12-31 09117606 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09117606 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09117606 d:Goodwill 2024-12-31 09117606 d:Goodwill 2023-12-31 09117606 d:CurrentFinancialInstruments 2024-12-31 09117606 d:CurrentFinancialInstruments 2023-12-31 09117606 d:CurrentFinancialInstruments 1 2024-12-31 09117606 d:CurrentFinancialInstruments 1 2023-12-31 09117606 d:Non-currentFinancialInstruments 2024-12-31 09117606 d:Non-currentFinancialInstruments 2023-12-31 09117606 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09117606 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09117606 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09117606 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09117606 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09117606 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09117606 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09117606 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09117606 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 09117606 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 09117606 d:ShareCapital 2024-12-31 09117606 d:ShareCapital 2023-12-31 09117606 d:SharePremium 2024-12-31 09117606 d:SharePremium 2023-12-31 09117606 d:CapitalRedemptionReserve 2024-12-31 09117606 d:CapitalRedemptionReserve 2023-12-31 09117606 d:RetainedEarningsAccumulatedLosses 2024-12-31 09117606 d:RetainedEarningsAccumulatedLosses 2023-12-31 09117606 c:FRS102 2024-01-01 2024-12-31 09117606 c:IndependentExaminationCharity 2024-01-01 2024-12-31 09117606 c:FullAccounts 2024-01-01 2024-12-31 09117606 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09117606 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 09117606 2 2024-01-01 2024-12-31 09117606 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 09117606 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09117606









ALLIGATOR PRODUCTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ALLIGATOR PRODUCTS LIMITED
REGISTERED NUMBER: 09117606

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
186,909
240,215

Tangible assets
 5 
10,772
9,373

  
197,681
249,588

Current assets
  

Stocks
  
517,241
525,193

Debtors: amounts falling due within one year
 6 
1,322,145
1,184,921

Cash at bank and in hand
 7 
72,962
141,115

  
1,912,348
1,851,229

Creditors: amounts falling due within one year
 8 
(1,431,637)
(1,301,285)

Net current assets
  
 
 
480,711
 
 
549,944

Total assets less current liabilities
  
678,392
799,532

Creditors: amounts falling due after more than one year
 9 
(26,403)
(151,436)

  

Net assets
  
651,989
648,096


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
45,900
45,900

Capital redemption reserve
  
33
33

Profit and loss account
  
605,956
602,063

  
651,989
648,096


Page 1

 
ALLIGATOR PRODUCTS LIMITED
REGISTERED NUMBER: 09117606
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 his 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: 




Andrew Harley Rabin
Director

Date: 29 April 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Alligator Products Limited is a private company limited by shares and incorporated in England and Wales. Its registration number is 09117606 and the principal place of business is 314 Regents Park Road, 2nd Floor, London, N3 2JX.
The companies reporting currency is pound sterling, and the figures are rounded to the nearest whole pound.

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, 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.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

  
2.9

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.

 
2.10

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.

Page 4

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
4 years
Fixtures and fittings
-
4 years
Computer equipment
-
3 years

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.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
Page 5

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 9).

Page 6

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets



Intellectual Property

£



Cost


At 1 January 2024
508,744


Additions
37,781



At 31 December 2024

546,525



Amortisation


At 1 January 2024
268,529


Charge for the year on owned assets
91,087



At 31 December 2024

359,616



Net book value



At 31 December 2024
186,909



Page 7

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
9,552
3,357
44,160
57,069


Additions
3,685
1,770
6,321
11,776


Disposals
-
-
(1,040)
(1,040)



At 31 December 2024

13,237
5,127
49,441
67,805



Depreciation


At 1 January 2024
8,354
1,576
37,766
47,696


Charge for the year on owned assets
2,736
1,036
5,912
9,684


Disposals
-
-
(347)
(347)



At 31 December 2024

11,090
2,612
43,331
57,033



Net book value



At 31 December 2024
2,147
2,515
6,110
10,772



At 31 December 2023
1,198
1,781
6,394
9,373

Page 8

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
871,928
971,446

Other debtors
60,435
53,528

Prepayments and accrued income
357,003
159,947

Financial instruments
32,779
-

1,322,145
1,184,921



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
72,962
141,115

72,962
141,115



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,475
5,355

Trade creditors
792,627
868,992

Corporation tax
70,212
150,253

Other taxation and social security
54,375
42,862

Other creditors
100,000
120,000

Accruals and deferred income
408,948
113,823

1,431,637
1,301,285


Included in other creditors are trade finance liabilities amounting to £100,000 (2023: £120,000), secured by a debenture on the assets of the business.

Page 9

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
26,403
31,436

Other creditors
-
120,000

26,403
151,436


Bank loans represent a loan under the government Bounce Bank Loan Scheme. The loan is repayable over 10 years with no repayments due in the first 12 months. Interest is payable at a rate of 2.45% per annum. All interest in 12 months is covered by governments business interruption payment scheme.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,475
5,355


5,475
5,355

Amounts falling due 1-2 years

Bank loans
5,614
5,491


5,614
5,491

Amounts falling due 2-5 years

Bank loans
17,707
17,302


17,707
17,302

Amounts falling due after more than 5 years

Bank loans
3,082
8,643

3,082
8,643


Page 10

 
ALLIGATOR PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £47,862 (2023 - £21,589). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11