Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01No description of principal activityfalse87truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09759426 2023-10-01 2024-09-30 09759426 2022-10-01 2023-09-30 09759426 2024-09-30 09759426 2023-09-30 09759426 c:Director1 2023-10-01 2024-09-30 09759426 c:Director2 2023-10-01 2024-09-30 09759426 c:Director3 2023-10-01 2024-09-30 09759426 c:RegisteredOffice 2023-10-01 2024-09-30 09759426 d:ComputerEquipment 2023-10-01 2024-09-30 09759426 d:ComputerEquipment 2024-09-30 09759426 d:ComputerEquipment 2023-09-30 09759426 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09759426 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 09759426 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 09759426 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 09759426 d:CurrentFinancialInstruments 2024-09-30 09759426 d:CurrentFinancialInstruments 2023-09-30 09759426 d:Non-currentFinancialInstruments 2024-09-30 09759426 d:Non-currentFinancialInstruments 2023-09-30 09759426 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09759426 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09759426 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09759426 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09759426 d:ShareCapital 2024-09-30 09759426 d:ShareCapital 2023-09-30 09759426 d:SharePremium 2024-09-30 09759426 d:SharePremium 2023-09-30 09759426 d:RetainedEarningsAccumulatedLosses 2024-09-30 09759426 d:RetainedEarningsAccumulatedLosses 2023-09-30 09759426 c:OrdinaryShareClass1 2023-10-01 2024-09-30 09759426 c:OrdinaryShareClass1 2024-09-30 09759426 c:OrdinaryShareClass1 2023-09-30 09759426 c:OrdinaryShareClass2 2023-10-01 2024-09-30 09759426 c:OrdinaryShareClass2 2024-09-30 09759426 c:OrdinaryShareClass2 2023-09-30 09759426 c:FRS102 2023-10-01 2024-09-30 09759426 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09759426 c:FullAccounts 2023-10-01 2024-09-30 09759426 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09759426 d:WithinOneYear 2024-09-30 09759426 d:WithinOneYear 2023-09-30 09759426 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-10-01 2024-09-30 09759426 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 09759426







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


FITR. HOLDINGS LIMITED






































img207d.png                        

 


FITR. HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
K Boyd 
L Cassidy 
M O'Keefe 




Registered number
09759426



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP





 


FITR. HOLDINGS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


FITR. HOLDINGS LIMITED
REGISTERED NUMBER:09759426



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,103,702
1,443,962

Tangible assets
 5 
3,665
-

  
1,107,367
1,443,962

Current assets
  

Debtors: amounts falling due within one year
 6 
73,679
50,519

Cash at bank and in hand
  
172,063
122,172

  
245,742
172,691

Creditors: amounts falling due within one year
 7 
(88,544)
(47,382)

Net current assets
  
 
 
157,198
 
 
125,309

Total assets less current liabilities
  
1,264,565
1,569,271

Creditors: amounts falling due after more than one year
 8 
(89,106)
(370,986)

Provisions for liabilities
  

Deferred tax
  
(150,504)
(137,937)

  
 
 
(150,504)
 
 
(137,937)

Net assets
  
1,024,955
1,060,348


Capital and reserves
  

Called up share capital 
  
1,916
1,806

Share premium account
  
1,786,224
1,357,570

Profit and loss account
  
(763,185)
(299,028)

  
1,024,955
1,060,348


Page 1

 


FITR. HOLDINGS LIMITED
REGISTERED NUMBER:09759426


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 by: 




................................................
L Cassidy
Director

Date: 30 April 2025

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

Page 2

 


FITR. HOLDINGS LIMITED
 


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

1.


General information

Fitr. Holdings Limited is a private company limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£). 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have undertaken to continue their financial support of the company for the foreseeable future. On this basis the directors believe it is appropriate to prepare these accounts on a going concern basis.

 
2.3

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

 


FITR. HOLDINGS LIMITED
 


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

2.Accounting policies (continued)

 
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 reporting 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 reporting 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 reporting date.

 
2.5

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.

 The estimated useful lives range as follows:

Development expenditure
-
5
years

During the year to 30 September 2024, Fitr. Holdings Limited changed the method of amortising it's development expenditure from 10 years on a straight line basis to 5 years on a straight line basis as this revised method better reflects the entity's consumption of the assets over their useful lives and is consistent with the entity's replacement cycle.
The change in amortisation method is a change in accounting estimate and is accounted for in the period of the change and in subsequent periods.
The effect of the change in the current period on actual amortisation compared to expected amortisation was an additional £691,847 expenses recognised in administrative expenses.

 
2.6

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

 


FITR. HOLDINGS LIMITED
 


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

2.Accounting policies (continued)


2.6
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:

Computer equipment
-
20%
on cost

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.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).


4.


Intangible assets




Development expenditure

£



Cost


At 1 October 2023
1,887,160


Additions - internal
600,337



At 30 September 2024

2,487,497



Amortisation


At 1 October 2023
443,198


Charge for the year on owned assets
940,597



At 30 September 2024

1,383,795



Net book value



At 30 September 2024
1,103,702



At 30 September 2023
1,443,962

Page 5

 


FITR. HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
           4.Intangible assets (continued)




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2023
1,799


Additions
4,581



At 30 September 2024

6,380



Depreciation


At 1 October 2023
1,799


Charge for the year on owned assets
916



At 30 September 2024

2,715



Net book value



At 30 September 2024
3,665



At 30 September 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
44,937
22,592

Prepayments and accrued income
28,742
27,927

73,679
50,519


Page 6

 


FITR. HOLDINGS LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
133
-

Trade creditors
13,421
12,848

Other taxation and social security
13,813
8,858

Other creditors
30,650
911

Accruals and deferred income
30,527
24,765

88,544
47,382



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
89,106
370,986

89,106
370,986



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,830,308 (2023 - 1,719,711) Ordinary A shares of £0.001 each
1,830
1,720
85,895 (2023 - 85,895) Ordinary B shares of £0.001 each
86
86

1,916

1,806


On 22 February 2024 98,603 £0.001 Ordinary A shares were issued at a value of £3.88 per share.
On 28 June 2024 a further 11,994 £0.001 Ordinary A shares were issued at a vaue of £3.88 per share.


10.


Commitments under operating leases

At 30 September 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
96,480
-

96,480
-

 
Page 7