Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302025-05-19true22023-12-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04294050 2023-12-01 2024-11-30 04294050 2022-12-01 2023-11-30 04294050 2024-11-30 04294050 2023-11-30 04294050 c:Director1 2023-12-01 2024-11-30 04294050 d:Buildings d:ShortLeaseholdAssets 2023-12-01 2024-11-30 04294050 d:Buildings d:ShortLeaseholdAssets 2024-11-30 04294050 d:Buildings d:ShortLeaseholdAssets 2023-11-30 04294050 d:MotorVehicles 2023-12-01 2024-11-30 04294050 d:MotorVehicles 2024-11-30 04294050 d:MotorVehicles 2023-11-30 04294050 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04294050 d:FurnitureFittings 2023-12-01 2024-11-30 04294050 d:FurnitureFittings 2024-11-30 04294050 d:FurnitureFittings 2023-11-30 04294050 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04294050 d:OfficeEquipment 2024-11-30 04294050 d:OfficeEquipment 2023-11-30 04294050 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04294050 d:ComputerEquipment 2023-12-01 2024-11-30 04294050 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04294050 d:CurrentFinancialInstruments 2024-11-30 04294050 d:CurrentFinancialInstruments 2023-11-30 04294050 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04294050 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04294050 d:ShareCapital 2024-11-30 04294050 d:ShareCapital 2023-11-30 04294050 d:RetainedEarningsAccumulatedLosses 2024-11-30 04294050 d:RetainedEarningsAccumulatedLosses 2023-11-30 04294050 c:FRS102 2023-12-01 2024-11-30 04294050 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04294050 c:FullAccounts 2023-12-01 2024-11-30 04294050 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04294050 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 04294050










NEW POSSIBILITIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
NEW POSSIBILITIES LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 6


 
NEW POSSIBILITIES LIMITED
REGISTERED NUMBER: 04294050

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,200
12,020

Current assets
  

Debtors: amounts falling due within one year
 5 
27,632
27,601

Cash at bank and in hand
  
15,666
35,896

  
43,298
63,497

Creditors: amounts falling due within one year
 6 
(30,342)
(35,092)

Net current assets
  
 
 
12,956
 
 
28,405

Total assets less current liabilities
  
20,156
40,425

Provisions for liabilities
  

Deferred tax
  
(1,800)
(3,005)

Net assets
  
18,356
37,420


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
18,256
37,320

  
18,356
37,420


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 on 19 May 2025.

A.R. Geyer
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
NEW POSSIBILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

New Possibilites Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD.

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 financial statements are presented in Sterling (£).

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:

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.

 
2.3

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 2

 
NEW POSSIBILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.3
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 following methods.

Depreciation is provided on the following basis:

Short term leasehold property
-
20% straight line
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
20% straight line
Computer equipment
-
33.33% 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.

 
2.4

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.

  
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.6

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.

 
2.7

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.

Page 3

 
NEW POSSIBILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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, 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.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
NEW POSSIBILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Short term leasehold property
Motor vehicles
Fixtures, fittings and equipment
Computer equipment
Total

£
£
£
£
£



Cost


At 1 December 2023
13,228
27,490
8,020
26,497
75,235



At 30 November 2024

13,228
27,490
8,020
26,497
75,235



Depreciation


At 1 December 2023
13,228
22,318
6,606
21,063
63,215


Charge for the year on owned assets
-
1,293
353
3,174
4,820



At 30 November 2024

13,228
23,611
6,959
24,237
68,035



Net book value



At 30 November 2024
-
3,879
1,061
2,260
7,200



At 30 November 2023
-
5,172
1,414
5,434
12,020




5.


Debtors

2024
2023
£
£


Trade debtors
15,087
13,588

Other debtors
12,000
13,500

Prepayments and accrued income
545
513

27,632
27,601


Page 5

 
NEW POSSIBILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,690
795

Corporation tax
7,635
9,800

Other taxation and social security
2,723
6,275

Accruals and deferred income
18,294
18,222

30,342
35,092



7.


Director's benefits: advances, credit and guarantees.

At the balance sheet date £6,000 was owed by a director (2023: £6,750). Payments of £11,750 were made to the director (2023: £6,750) and £12,500 (2023: £Nil) was repaid in the year. The maximum balance outstanding during the year was £9,750 (2023: £6,750). The loan was unsecured, interest-free and repayable on demand.
At the balance sheet date £6,000 was owed by another director (2023: £6,750). Payments of £11,750 were made to the director (2023: £6,750). and £12,500 (2023: £Nil) was repaid in the year The maximum balance outstanding during the year was £9,750 (2023: £6,750). The loan was unsecured, interest-free and repayable on demand.

 
Page 6