Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-13true2024-01-01falseNo description of principal activity1113trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC169751 2024-01-01 2024-12-31 SC169751 2023-01-01 2023-12-31 SC169751 2024-12-31 SC169751 2023-12-31 SC169751 c:CompanySecretary1 2024-01-01 2024-12-31 SC169751 c:Director6 2024-01-01 2024-12-31 SC169751 c:Director7 2024-01-01 2024-12-31 SC169751 c:RegisteredOffice 2024-01-01 2024-12-31 SC169751 d:FurnitureFittings 2024-01-01 2024-12-31 SC169751 d:FurnitureFittings 2024-12-31 SC169751 d:FurnitureFittings 2023-12-31 SC169751 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC169751 d:CurrentFinancialInstruments 2024-12-31 SC169751 d:CurrentFinancialInstruments 2023-12-31 SC169751 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC169751 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC169751 d:ShareCapital 2024-12-31 SC169751 d:ShareCapital 2023-12-31 SC169751 d:SharePremium 2024-12-31 SC169751 d:SharePremium 2023-12-31 SC169751 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC169751 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC169751 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC169751 c:OrdinaryShareClass1 2024-12-31 SC169751 c:OrdinaryShareClass1 2023-12-31 SC169751 c:FRS102 2024-01-01 2024-12-31 SC169751 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC169751 c:FullAccounts 2024-01-01 2024-12-31 SC169751 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC169751 d:WithinOneYear 2024-12-31 SC169751 d:WithinOneYear 2023-12-31 SC169751 d:BetweenOneFiveYears 2024-12-31 SC169751 d:BetweenOneFiveYears 2023-12-31 SC169751 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC169751










TEAMCARD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
TEAMCARD LIMITED
 

COMPANY INFORMATION


Directors
Mr R J Byrne 
Mr J Brousseau 




Company secretary
Ms L E Ray



Registered number
SC169751



Registered office
St Leonards Lodge
Abbey Walk

St Andrews

Fife

KY16 9LB




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TEAMCARD LIMITED
REGISTERED NUMBER:SC169751

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
60,895
53,610

  
60,895
53,610

Current assets
  

Stocks
  
73,424
46,514

Debtors: amounts falling due within one year
 5 
1,793,035
2,061,093

Bank and cash balances
  
892,504
367,149

  
2,758,963
2,474,756

Creditors: amounts falling due within one year
 6 
(524,185)
(468,119)

Net current assets
  
 
 
2,234,778
 
 
2,006,637

Total assets less current liabilities
  
2,295,673
2,060,247

  

Net assets
  
2,295,673
2,060,247


Capital and reserves
  

Called up share capital 
 7 
584
584

Share premium account
  
662,501
662,501

Profit and loss account
  
1,632,588
1,397,162

  
2,295,673
2,060,247


Page 1

 
TEAMCARD LIMITED
REGISTERED NUMBER:SC169751

STATEMENT OF FINANCIAL POSITION (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 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: 




Mr R J Byrne
Director

Date: 13 May 2025

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

Page 2

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


1.


General information

Teamcard Limited is a private Company, limited by shares, incorporated in Scotland with registration number SC169751. The registered office address is St Leonards Lodge, Abbey Walk, St Andrews, Fife, KY16 9LB.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TEAMCARD LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
2.4

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.

Page 4

 
TEAMCARD LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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.

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, fittings and equipment
-
25% 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.

Page 5

 
TEAMCARD LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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 reporting 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 13).


4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 January 2024
125,681


Additions
25,448


Disposals
(1,056)



At 31 December 2024

150,073



Depreciation


At 1 January 2024
72,071


Charge for the year on owned assets
17,337


Disposals
(230)



At 31 December 2024

89,178



Net book value



At 31 December 2024
60,895



At 31 December 2023
53,610

Page 6

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


5.


Debtors

2024
2023
£
£


Trade debtors
363,928
355,070

Amounts owed by group undertakings
1,321,849
1,483,988

Prepayments and accrued income
8,499
21,087

Tax recoverable
-
41,044

Deferred taxation
98,759
159,904

1,793,035
2,061,093



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
46,965
52,382

Other taxation and social security
75,380
61,785

Accruals and deferred income
401,840
353,952

524,185
468,119





7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



58,413 (2023 - 58,413) Ordinary shares of £0.01 each
584
584



8.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments under non-cancellable operating leases as follows:

2024
2023
£
£


Not later than 1 year
31,086
31,086

Later than 1 year and not later than 5 years
41,448
72,534

72,534
103,620

Page 7

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


9.


Controlling party

From 15 June 2022, the parent company was Teamcard Holding Canada Inc., a company incorporated in Canada and the ultimate parent company was Ensemble Holdings Inc., a company incorporated in Canada. Mr J Brousseau, a director, controls the group through his controlling interest in Ensemble Holdings Inc.


Page 8