Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01falsefalseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12110449 2023-08-01 2024-07-31 12110449 2022-08-01 2023-07-31 12110449 2024-07-31 12110449 2023-07-31 12110449 c:Director1 2023-08-01 2024-07-31 12110449 d:PlantMachinery 2023-08-01 2024-07-31 12110449 d:PlantMachinery 2024-07-31 12110449 d:PlantMachinery 2023-07-31 12110449 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110449 d:MotorVehicles 2023-08-01 2024-07-31 12110449 d:MotorVehicles 2024-07-31 12110449 d:MotorVehicles 2023-07-31 12110449 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110449 d:OfficeEquipment 2023-08-01 2024-07-31 12110449 d:OfficeEquipment 2024-07-31 12110449 d:OfficeEquipment 2023-07-31 12110449 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110449 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110449 d:CurrentFinancialInstruments 2024-07-31 12110449 d:CurrentFinancialInstruments 2023-07-31 12110449 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12110449 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12110449 d:ShareCapital 2024-07-31 12110449 d:ShareCapital 2023-07-31 12110449 d:RetainedEarningsAccumulatedLosses 2024-07-31 12110449 d:RetainedEarningsAccumulatedLosses 2023-07-31 12110449 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 12110449 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 12110449 c:FRS102 2023-08-01 2024-07-31 12110449 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12110449 c:FullAccounts 2023-08-01 2024-07-31 12110449 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12110449 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12110449










YOU WIN COMPETITIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
YOU WIN COMPETITIONS LIMITED
REGISTERED NUMBER: 12110449

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
3,498
5,902

  
3,498
5,902

Current assets
  

Stocks
  
1,000
1,000

Debtors: amounts falling due within one year
  
271
1,801

Cash at bank and in hand
  
1,497
13,287

  
2,768
16,088

Creditors: amounts falling due within one year
  
(7,427)
(10,915)

Net current (liabilities)/assets
  
 
 
(4,659)
 
 
5,173

Total assets less current liabilities
  
(1,161)
11,075

Provisions for liabilities
  

Deferred tax
  
-
(1,476)

  
 
 
-
 
 
(1,476)

Net (liabilities)/assets
  
(1,161)
9,599


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,261)
9,499

  
(1,161)
9,599


Page 1

 
YOU WIN COMPETITIONS LIMITED
REGISTERED NUMBER: 12110449
    
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 28 April 2025.




A Short
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

You Win Competitions Limited is a private Company limited by shares, incorporated in Englandand Wales (registered number: 12110449). Its registered offfice is Unit 27, Oakham Drive Sheffield, S3 9QX. The principal activity of the Company throughout the year continued to be that of running competitions.
 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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.

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

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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.


 
2.5

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

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
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.

 
2.6

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. Work in progress and finished goods include labour and attributable overheads.

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.

Page 5

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

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 anet basis or to realise the asset and settle the liability simultaneously.



3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2023 - 3).

Page 6

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
3,648
2,554
13,014
19,216


Additions
1,244
-
-
1,244



At 31 July 2024

4,892
2,554
13,014
20,460



Depreciation


At 1 August 2023
2,494
585
10,235
13,314


Charge for the year on owned assets
548
451
2,649
3,648



At 31 July 2024

3,042
1,036
12,884
16,962



Net book value



At 31 July 2024
1,850
1,518
130
3,498



At 31 July 2023
1,154
1,969
2,779
5,902


5.


Debtors

2024
2023
£
£


Other debtors
271
1,801

271
1,801


Page 7

 
YOU WIN COMPETITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,716
2,307

Corporation tax
-
1,152

Other taxation and social security
1,640
1,035

Other creditors
3,390
5,599

Accruals
681
822

7,427
10,915



7.


Deferred taxation




2024


£






At beginning of year
(1,476)


Utilised in year
1,476



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(1,476)

-
(1,476)


8.


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 £805 (2023 - £328).
Contributions totalling £Nil (2023 - £66) were payable to the fund at the Balance Sheet date and are
included in creditors.

 
Page 8