Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-09-01falseNo description of principal activity1319trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06451106 2024-08-31 06451106 2023-09-01 2024-08-31 06451106 2022-09-01 2023-08-31 06451106 2023-08-31 06451106 c:Director5 2023-09-01 2024-08-31 06451106 d:FurnitureFittings 2023-09-01 2024-08-31 06451106 d:FurnitureFittings 2024-08-31 06451106 d:FurnitureFittings 2023-08-31 06451106 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06451106 d:OfficeEquipment 2023-09-01 2024-08-31 06451106 d:OfficeEquipment 2024-08-31 06451106 d:OfficeEquipment 2023-08-31 06451106 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06451106 d:ComputerEquipment 2023-09-01 2024-08-31 06451106 d:ComputerEquipment 2024-08-31 06451106 d:ComputerEquipment 2023-08-31 06451106 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06451106 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06451106 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 06451106 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 06451106 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 06451106 d:Goodwill 2023-09-01 2024-08-31 06451106 d:Goodwill 2024-08-31 06451106 d:Goodwill 2023-08-31 06451106 d:CurrentFinancialInstruments 2024-08-31 06451106 d:CurrentFinancialInstruments 2023-08-31 06451106 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 06451106 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06451106 d:ShareCapital 2024-08-31 06451106 d:ShareCapital 2023-08-31 06451106 d:CapitalRedemptionReserve 2024-08-31 06451106 d:CapitalRedemptionReserve 2023-08-31 06451106 d:RetainedEarningsAccumulatedLosses 2024-08-31 06451106 d:RetainedEarningsAccumulatedLosses 2023-08-31 06451106 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 06451106 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 06451106 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 06451106 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 06451106 d:OtherDeferredTax 2024-08-31 06451106 d:OtherDeferredTax 2023-08-31 06451106 c:FRS102 2023-09-01 2024-08-31 06451106 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06451106 c:FullAccounts 2023-09-01 2024-08-31 06451106 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06451106 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-09-01 2024-08-31 06451106 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-09-01 2024-08-31 06451106 2 2023-09-01 2024-08-31 06451106 d:InternallyGeneratedIntangibleAssets 2023-09-01 2024-08-31 06451106 d:Goodwill d:OwnedIntangibleAssets 2023-09-01 2024-08-31 06451106 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-09-01 2024-08-31 06451106 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure


















Wondrous People Limited























Unaudited

Financial statements



For the year ended 31 August 2024



Registered number: 06451106

 
Wondrous People Limited - Registered number:06451106



Statement of financial position
As at 31 August 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
1,176,015
604,631

Tangible assets
 5 
22,040
24,992

  
1,198,055
629,623

Current assets
  

Debtors
 6 
242,936
495,747

Cash at bank and in hand
  
573,794
2,300,508

  
816,730
2,796,255

Creditors: amounts falling due within one year
 7 
(1,955,889)
(3,322,259)

Net current liabilities
  
 
 
(1,139,159)
 
 
(526,004)

Total assets less current liabilities
  
58,896
103,619

Provisions for liabilities
  

Deferred tax
 8 
(118,538)
(108,593)

  
 
 
(118,538)
 
 
(108,593)

Net liabilities
  
(59,642)
(4,974)


Capital and reserves
  

Share capital
  
1,575
1,575

Capital redemption reserve
  
175
175

Profit and loss account
  
(61,392)
(6,724)

  
(59,642)
(4,974)


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.

Page 1

 
Wondrous People Limited - Registered number:06451106



Statement of financial position (continued)
As at 31 August 2024

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: 




T O M Ryan-Dawes
Director

Date: 24 April 2025

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
Wondrous People Limited
 
 

Notes to the financial statements
For the year ended 31 August 2024

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office
is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL. The company registration number is 06451106 and the
principal place of business is 201 Borough High St, London SE1 1JA.

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 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

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.

 
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

 
Wondrous People Limited
 


Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

  
2.5

Borrowing costs

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

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.


Page 4

 
Wondrous People Limited
 


Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.8

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:

Website development
-
5
years
Goodwill
-
10
years

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Office equipment
-
20%
Computer equipment
-
20%

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.

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.11

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.

Page 5

 
Wondrous People Limited
 


Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.12

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

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 13 (2023 - 19).

Page 6

 
Wondrous People Limited
 
 

Notes to the financial statements
For the year ended 31 August 2024

4.


Intangible assets




Website development
Goodwill
Total

£
£
£



Cost


At 1 September 2023
709,463
760,166
1,469,629


Additions - internal
796,219
-
796,219



At 31 August 2024

1,505,682
760,166
2,265,848



Amortisation


At 1 September 2023
256,864
608,134
864,998


Charge for the year on owned assets
13,820
76,017
89,837


Impairment charge
134,998
-
134,998



At 31 August 2024

405,682
684,151
1,089,833



Net book value



At 31 August 2024
1,100,000
76,015
1,176,015



At 31 August 2023
452,599
152,032
604,631



Page 7

 
Wondrous People Limited
 
 

Notes to the financial statements
For the year ended 31 August 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
10,696
20,768
91,507
122,971


Additions
-
1,123
6,610
7,733



At 31 August 2024

10,696
21,891
98,117
130,704



Depreciation


At 1 September 2023
9,539
11,193
77,247
97,979


Charge for the year on owned assets
80
1,875
8,730
10,685



At 31 August 2024

9,619
13,068
85,977
108,664



Net book value



At 31 August 2024
1,077
8,823
12,140
22,040



At 31 August 2023
1,157
9,575
14,260
24,992


6.


Debtors

2024
2023
£
£



Trade debtors
233,820
327,607

Other debtors
327
144,967

Prepayments and accrued income
8,789
23,173

242,936
495,747


Page 8

 
Wondrous People Limited
 
 

Notes to the financial statements
For the year ended 31 August 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
311,912
740,805

Corporation tax
(27)
3,868

Other taxation and social security
30,452
187,718

Other creditors
2,633
468,453

Accruals and deferred income
1,610,919
1,921,415

1,955,889
3,322,259



8.


Deferred taxation




2024


£






At beginning of year
(108,593)


Charged to profit or loss
(9,945)



At end of year
(118,538)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing difference
(289,482)
(147,374)

Short term timing difference
-
16,455

Losses and other deductions
170,944
22,326

(118,538)
(108,593)


9.


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 £40,131 (2023: £52,613). Contributions totalling £nil
(2023: £10,727) were payable to the fund at the reporting date and are included in creditors.

Page 9

 
Wondrous People Limited
 
 

Notes to the financial statements
For the year ended 31 August 2024

10.


Related party transactions

During the year a director made repayments to the company totalling £23,958, and received net advances of £nil (2023 - £23,958), at 31 August 2024 the amount owed to the company from the director was £nil (2023 - £23,958).
During the year a director made repayments to the company totalling £14,167 and received net advances of £7,083 (2023 - £7,292), As at 31 August 2024 the amount owed to the company from the director was £nil (2023 - £7,272).


Page 10