Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity88trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 5777318 2024-01-01 2024-12-31 5777318 2023-01-01 2023-12-31 5777318 2024-12-31 5777318 2023-12-31 5777318 c:Director3 2024-01-01 2024-12-31 5777318 c:Director4 2024-01-01 2024-12-31 5777318 d:PlantMachinery 2024-01-01 2024-12-31 5777318 d:PlantMachinery 2024-12-31 5777318 d:PlantMachinery 2023-12-31 5777318 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 5777318 d:FurnitureFittings 2024-01-01 2024-12-31 5777318 d:FurnitureFittings 2024-12-31 5777318 d:FurnitureFittings 2023-12-31 5777318 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 5777318 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 5777318 d:ComputerSoftware 2024-12-31 5777318 d:ComputerSoftware 2023-12-31 5777318 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 5777318 d:CurrentFinancialInstruments 2024-12-31 5777318 d:CurrentFinancialInstruments 2023-12-31 5777318 d:Non-currentFinancialInstruments 2024-12-31 5777318 d:Non-currentFinancialInstruments 2023-12-31 5777318 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 5777318 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 5777318 d:ShareCapital 2024-12-31 5777318 d:ShareCapital 2023-12-31 5777318 d:RetainedEarningsAccumulatedLosses 2024-12-31 5777318 d:RetainedEarningsAccumulatedLosses 2023-12-31 5777318 c:FRS102 2024-01-01 2024-12-31 5777318 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 5777318 c:FullAccounts 2024-01-01 2024-12-31 5777318 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 5777318 d:WithinOneYear 2024-12-31 5777318 d:WithinOneYear 2023-12-31 5777318 d:BetweenOneFiveYears 2024-12-31 5777318 d:BetweenOneFiveYears 2023-12-31 5777318 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 5777318 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 5777318 2 2024-01-01 2024-12-31 5777318 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 5777318 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 5777318










NTINGA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NTINGA LIMITED
REGISTERED NUMBER: 5777318

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,393
8,679

Tangible assets
 5 
16,595
16,344

  
23,988
25,023

Current assets
  

Stocks
 6 
595,102
560,909

Debtors: amounts falling due after more than one year
 7 
3,750
3,750

Debtors: amounts falling due within one year
 7 
227,325
216,509

Cash at bank and in hand
 8 
226,033
238,051

  
1,052,210
1,019,219

Creditors: amounts falling due within one year
 9 
(343,614)
(302,116)

Net current assets
  
 
 
708,596
 
 
717,103

Total assets less current liabilities
  
732,584
742,126

  

Net assets
  
732,584
742,126


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
732,484
742,026

  
732,584
742,126


Page 1

 
NTINGA LIMITED
REGISTERED NUMBER: 5777318

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 on 30 April 2025.




................................................
C. Cohen
................................................
S. Lee
Director
Director

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

Page 2

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Ntinga Limited is a limited company incorporated in England and Wales.
The company's registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE. 

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 judgment 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.

 
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.

  
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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

Page 3

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 Balance sheet. 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 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.


 
2.8

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
-
7
years

Page 4

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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, as follows.

Depreciation is provided on the following basis:

Models and masters
-
15% reducing balance
Fixtures fittings and equipment
-
33.3% straight line/15% reducing balance

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

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
4
4



Directors
4
4

8
8

Page 6

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Website

£



Cost


At 1 January 2024
9,000



At 31 December 2024

9,000



Amortisation


At 1 January 2024
321


Charge for the year on owned assets
1,286



At 31 December 2024

1,607



Net book value



At 31 December 2024
7,393



At 31 December 2023
8,679



Page 7

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Models and masters
Fixtures fittings and equipment
Total

£
£
£



Cost


At 1 January 2024
10,184
91,633
101,817


Additions
-
2,753
2,753


Disposals
-
(18,464)
(18,464)



At 31 December 2024

10,184
75,922
86,106



Depreciation


At 1 January 2024
9,472
76,000
85,472


Charge for the year on owned assets
107
2,395
2,502


Disposals
-
(18,464)
(18,464)



At 31 December 2024

9,579
59,931
69,510



Net book value



At 31 December 2024
605
15,991
16,596



At 31 December 2023
712
15,632
16,344

Page 8

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Raw materials and consumables
595,102
560,909

595,102
560,909



7.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
3,750
3,750


2024
2023
£
£

Due within one year

Trade debtors
216,868
200,912

Other debtors
1,779
-

Prepayments and accrued income
7,560
14,557

Deferred taxation
1,118
1,040

227,325
216,509



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
226,033
238,051

226,033
238,051


Page 9

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
210,562
148,916

Corporation tax
19,697
30,331

Other taxation and social security
38,076
33,261

Other creditors
75,279
89,608

343,614
302,116



10.


Deferred taxation




2024


£






At beginning of year
1,040


Charged to profit or loss
78



At end of year
1,118

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,118
1,040

1,118
1,040

Page 10

 
NTINGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


11.


Pension commitments

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions paid by the company during the period and amounted to £4,463 (2023 : £4,407). Contributions totalling £994 (2023 : £876) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 December 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
2,975
20,100

Later than 1 year and not later than 5 years
15,000
17,975

17,975
38,075


13.


Related party transactions

.During the year the company granted a fixed and floating charge over its assets as security for loan facilities provided to its parent company, Ntinga Holdings Limited.


14.


Controlling party

The ultimate controlling party is Ntinga Holdings Limited.


Page 11