Caseware UK (AP4) 2024.0.164 2024.0.164 false2024-01-01No description of principal activity76truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13449353 2024-01-01 2024-12-31 13449353 2023-01-01 2023-12-31 13449353 2024-12-31 13449353 2023-12-31 13449353 c:Director1 2024-01-01 2024-12-31 13449353 d:ComputerEquipment 2024-01-01 2024-12-31 13449353 d:ComputerEquipment 2024-12-31 13449353 d:ComputerEquipment 2023-12-31 13449353 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13449353 d:CurrentFinancialInstruments 2024-12-31 13449353 d:CurrentFinancialInstruments 2023-12-31 13449353 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13449353 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13449353 d:ShareCapital 2024-12-31 13449353 d:ShareCapital 2023-12-31 13449353 d:RetainedEarningsAccumulatedLosses 2024-12-31 13449353 d:RetainedEarningsAccumulatedLosses 2023-12-31 13449353 c:FRS102 2024-01-01 2024-12-31 13449353 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13449353 c:FullAccounts 2024-01-01 2024-12-31 13449353 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13449353 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure


















Termgrid Limited























Unaudited

Director's report and financial statements



For the year ended 31 December 2024



Registered number: 13449353

 
Termgrid Limited - Registered number: 13449353

Statement of financial position
As at 31 December 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible fixed assets
 4 
2,626
6,906

  
2,626
6,906

Current assets
  

Debtors
 5 
243,115
154,958

Cash at bank and in hand
  
69,325
40,651

  
312,440
195,609

Creditors: amounts falling due within one year
 6 
(83,461)
(62,290)

Net current assets
  
 
 
228,979
 
 
133,319

Total assets less current liabilities
  
231,605
140,225

  

Net assets
  
231,605
140,225


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
231,505
140,125

  
231,605
140,225


The director considers 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 director acknowledges his 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.

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Termgrid Limited - Registered number: 13449353

Statement of financial position (continued)
As at 31 December 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 signed by the director: 




D Rai
Director

Date: 4 June 2025

The notes on pages 3 to 7 form part of these financial statements.

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Termgrid Limited

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

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and principal place of business is 6th Floor, 2 Kingdom Street, London, W2 6BD. The company registration number is 13449353.

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 Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS102') 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 judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

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.

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Termgrid Limited

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

2.Accounting policies (continued)

 
2.3

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 statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

 
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 statement of income and retained earnings 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.

 
2.5

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.

 
2.6

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.

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.

Page 4

 
Termgrid Limited

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Computer equipment
-
3 years straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in statement of income and retained earnings.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.


3.


Employees

The average monthly number of employees, including the director, during the year was 7 (2023 - 6).

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Termgrid Limited

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

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2024
13,026



At 31 December 2024

13,026



Depreciation


At 1 January 2024
6,120


Charge for the year
4,280



At 31 December 2024

10,400



Net book value



At 31 December 2024
2,626



At 31 December 2023
6,906


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
218,008
137,389

Other debtors
12,331
9,026

Prepayments and accrued income
12,776
8,543

243,115
154,958


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Termgrid Limited

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

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
16,179
5,103

Corporation tax
31,894
19,537

Other taxation and social security
27,247
29,203

Other creditors
1,166
1,147

Accruals
6,975
7,300

83,461
62,290



7.


Pension commitments

The company operates a defined contribution 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 £6,108 (2023: £3,579) during the year. Contributions totalling £1,166 (2023: £1,147) were payable to the fund as of 31 December 2024.


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