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Registered number: 08644931









COLLABORA PRODUCTIVITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
COLLABORA PRODUCTIVITY LIMITED
REGISTERED NUMBER: 08644931

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Notes
£
£

FIXED ASSETS
  

Tangible assets
 4 
58,354
81,003

  
58,354
81,003

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
812,139
285,686

Cash at bank and in hand
  
1,858,315
2,186,263

  
2,670,454
2,471,949

Creditors: amounts falling due within one year
 6 
(1,115,183)
(1,052,257)

NET CURRENT ASSETS
  
 
 
1,555,271
 
 
1,419,692

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,613,625
1,500,695

Creditors: amounts falling due after more than one year
  
(85,258)
(86,126)

PROVISION FOR LIABILITIES
  

Deferred tax
 8 
(14,589)
(20,251)

NET ASSETS
  
1,513,778
1,394,318


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
1,513,678
1,394,218

SHAREHOLDERS' FUNDS
  
1,513,778
1,394,318


Page 1

 
COLLABORA PRODUCTIVITY LIMITED
REGISTERED NUMBER: 08644931
    
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 of Directors and were signed on its behalf by: 




M E J Meeks
Director

Date: 9 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

Collabora Productivity Limited (the "Company") is a private Company limited by shares and incorporated in England and Wales. Its registered office is Platinum Building, Cowley Road, Cambridge CB4 0DS.

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 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

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is Sterling.

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 either 'Interest Receivable" or "Interest Payable". All other foreign exchange gains and losses are presented in profit or loss within "Administrative Expenses".

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the period, exclusive of value added tax. Turnover is recognised over the period of the contract in line with the value of work completed. All pre-contract costs in connection with marketing and winning new contracts are expensed in the Statement of Income and Retained Earnings as they are incurred.

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
COLLABORA PRODUCTIVITY 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
3
years

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.

 
2.7

DEBTORS

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

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

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

  
2.10

FINANCIAL INSTRUMENTS

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

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Page 5

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 the Directors, during the year was 2 (2023 - 2).

Page 6

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

4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST


At 1 January 2024
122,848


Additions
12,866


Disposals
(6,701)



At 31 December 2024

129,013



DEPRECIATION


At 1 January 2024
41,845


Charge for the year on owned assets
31,416


Disposals
(2,602)



At 31 December 2024

70,659



NET BOOK VALUE



At 31 December 2024
58,354



At 31 December 2023
81,003


5.


DEBTORS

2024
2023
£
£


Trade debtors
573,292
102,692

Other debtors
12,358
21,257

Prepayments and accrued income
226,489
161,737

812,139
285,686


Page 7

 
COLLABORA PRODUCTIVITY 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
234,948
375,819

Amounts due from related party
70,246
-

Corporation tax payable
105,543
209,005

Other taxation and social security
243
243

Accruals and deferred income
704,203
467,190

1,115,183
1,052,257


Amounts due from related party are unsecured, interest free and repayable on demand.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Deferred income
85,258
86,126



8.


DEFERRED TAXATION




2024


£






At beginning of year
20,251


Credit to profit or loss
(5,662)



AT END OF YEAR
14,589

The deferred tax liability comprises:

2024
2023
£
£


Accelerated capital allowances
14,589
20,251

Page 8

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

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



50 (2023 - 50) Ordinary shares of £1 each
50
50
50 (2023 - 50) A Ordinary shares of £1 each
50
50

100

100

All shares rank pari passu in all aspects, except that a dividend may be paid in respect of one class of share to the exclusion of the other class of share.



10.


RESERVES

Profit and Loss Account

The Profit and Loss Account reserve represents the accumulated profits and losses, less dividends paid. 


11.


CONTROLLING PARTY

As at 31 December 2024 and the date of approval of these financial statements, there is no controlling party of the Company.

 
Page 9