Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-21truefalse2023-06-01No description of principal activity1013falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10796019 2023-06-01 2024-05-31 10796019 2022-06-01 2023-05-31 10796019 2024-05-31 10796019 2023-05-31 10796019 c:Director1 2023-06-01 2024-05-31 10796019 c:Director2 2023-06-01 2024-05-31 10796019 c:RegisteredOffice 2023-06-01 2024-05-31 10796019 d:ComputerEquipment 2023-06-01 2024-05-31 10796019 d:ComputerEquipment 2024-05-31 10796019 d:ComputerEquipment 2023-05-31 10796019 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10796019 d:Goodwill 2023-06-01 2024-05-31 10796019 d:Goodwill 2024-05-31 10796019 d:Goodwill 2023-05-31 10796019 d:CurrentFinancialInstruments 2024-05-31 10796019 d:CurrentFinancialInstruments 2023-05-31 10796019 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10796019 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10796019 d:ShareCapital 2024-05-31 10796019 d:ShareCapital 2023-05-31 10796019 d:RetainedEarningsAccumulatedLosses 2024-05-31 10796019 d:RetainedEarningsAccumulatedLosses 2023-05-31 10796019 c:FRS102 2023-06-01 2024-05-31 10796019 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10796019 c:FullAccounts 2023-06-01 2024-05-31 10796019 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10796019 6 2023-06-01 2024-05-31 10796019 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 10796019 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 10796019







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


UPTITUDE LTD






































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UPTITUDE LTD
 


 
COMPANY INFORMATION


Directors
B Johnson 
Y Tyler 




Registered number
10796019



Registered office
7 Bell Yard

London

WC2A 2JR




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


UPTITUDE LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


UPTITUDE LTD
REGISTERED NUMBER:10796019



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,800
12,600

Tangible assets
 5 
37,949
24,015

Investments
 6 
1,000
1,000

  
49,749
37,615

Current assets
  

Debtors: amounts falling due within one year
 7 
407,478
463,328

Cash at bank and in hand
  
549,474
174,483

  
956,952
637,811

Creditors: amounts falling due within one year
 8 
(296,169)
(292,363)

Net current assets
  
 
 
660,783
 
 
345,448

Total assets less current liabilities
  
710,532
383,063

  

Net assets
  
710,532
383,063


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
710,432
382,963

  
710,532
383,063


Page 1

 


UPTITUDE LTD
REGISTERED NUMBER:10796019


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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: 




B Johnson
Director
Date: 21 May 2025

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

Page 2

 


UPTITUDE LTD
 


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

1.


General information

Uptitude Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page of these financial statements.
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'.

 
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. 

 
2.4

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


UPTITUDE LTD
 


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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Taxation

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.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.
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.

Page 4

 


UPTITUDE LTD
 


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

2.Accounting policies (continued)

 
2.8

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:

Computer equipment
-
15%
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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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 10 (2023 - 13).

Page 5

 


UPTITUDE LTD
 


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

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
18,000



At 31 May 2024

18,000



Amortisation


At 1 June 2023
5,400


Charge for the year on owned assets
1,800



At 31 May 2024

7,200



Net book value



At 31 May 2024
10,800



At 31 May 2023
12,600




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 June 2023
33,293


Additions
21,102



At 31 May 2024

54,395



Depreciation


At 1 June 2023
9,278


Charge for the year on owned assets
7,168



At 31 May 2024

16,446



Net book value



At 31 May 2024
37,949



At 31 May 2023
24,015

Page 6

 


UPTITUDE LTD
 


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

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
1,000



At 31 May 2024
1,000





7.


Debtors

2024
2023
£
£


Trade debtors
310,740
366,984

Other debtors
96,738
96,344

407,478
463,328



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,671
5,373

Trade creditors
-
3,067

Corporation tax
137,054
139,936

Other creditors
152,444
143,987

Accruals and deferred income
3,000
-

296,169
292,363


Page 7

 


UPTITUDE LTD
 


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

9.


Related party transactions

During the years ended 2024 and 2023, the following transactions with directors occured:


2024
2023
£
£

Amount outstanding at start of the year
96,344
(12,265)
Amounts advanced
100,394
564,888
Amounts repaid
(100,000)
(456,279)
Amount outstanding at the end of the year
96,738
96,344

The balance is considered to be interest free and repayable on demand.

 
Page 8