Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10981211 2023-10-01 2024-09-30 10981211 2022-10-01 2023-09-30 10981211 2024-09-30 10981211 2023-09-30 10981211 c:Director1 2023-10-01 2024-09-30 10981211 d:OfficeEquipment 2023-10-01 2024-09-30 10981211 d:OfficeEquipment 2024-09-30 10981211 d:OfficeEquipment 2023-09-30 10981211 d:ComputerEquipment 2023-10-01 2024-09-30 10981211 d:ComputerEquipment 2024-09-30 10981211 d:ComputerEquipment 2023-09-30 10981211 d:CurrentFinancialInstruments 2024-09-30 10981211 d:CurrentFinancialInstruments 2023-09-30 10981211 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10981211 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10981211 d:ShareCapital 2024-09-30 10981211 d:ShareCapital 2023-09-30 10981211 d:RevaluationReserve 2023-10-01 2024-09-30 10981211 d:RevaluationReserve 2024-09-30 10981211 d:RevaluationReserve 2023-09-30 10981211 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 10981211 d:RetainedEarningsAccumulatedLosses 2024-09-30 10981211 d:RetainedEarningsAccumulatedLosses 2023-09-30 10981211 c:FRS102 2023-10-01 2024-09-30 10981211 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10981211 c:FullAccounts 2023-10-01 2024-09-30 10981211 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10981211 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10981211









ACEL SYSTEMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ACEL SYSTEMS LTD
REGISTERED NUMBER: 10981211

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
172,497
194,189

Current asset investments
 6 
16,225
27,365

Cash at bank and in hand
  
8,902
7,012

  
197,624
228,566

Creditors: amounts falling due within one year
 7 
(107,704)
(105,751)

Net current assets
  
 
 
89,920
 
 
122,815

  

Net assets
  
89,920
122,815


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 8 
3,845
1,390

Profit and loss account
 8 
85,975
121,325

  
89,920
122,815


Page 1

 
ACEL SYSTEMS LTD
REGISTERED NUMBER: 10981211
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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.

The company has opted not to file the statement of comprehensive income 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 9 June 2025.




M A Buxton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ACEL SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number: 10981211). The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.

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

Going concern

At the time of signing there is a degree of uncertainty about the full economic impact of Brexit, the cost of living and wider geopolitical environment. The director continues to monitor the position closely, however believes that the company will maintain its current level of activity and therefore continues to adopt the going concern basis.

 
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.

Page 3

 
ACEL SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

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.

 
2.5

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 4

 
ACEL SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line basis
Computer equipment
-
33%
straight line basis

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
7,159
5,925
13,084



At 30 September 2024

7,159
5,925
13,084



Depreciation


At 1 October 2023
7,159
5,925
13,084



At 30 September 2024

7,159
5,925
13,084



Net book value



At 30 September 2024
-
-
-



At 30 September 2023
-
-
-

Page 5

 
ACEL SYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
172,119
190,136

Other debtors
378
4,053

172,497
194,189



6.


Current asset investments

2024
2023
£
£

Investments
16,225
27,365



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
194
-

Other creditors
83,775
83,776

Accruals and deferred income
23,735
21,975

107,704
105,751



8.


Reserves

Revaluation reserve

The revaluation reserve is not distributable, it contains unrealised gains on the valuations of the investments.

Profit and loss account

The profit and loss reserve includes all current and prior retained profits and losses.

 
Page 6