Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseThe principal activities of the company during the period were developing sustainable products and processes for applicaiton in a range of consumer and industrial sectors.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10512601 2024-01-01 2024-12-31 10512601 2023-01-01 2023-12-31 10512601 2024-12-31 10512601 2023-12-31 10512601 c:Director1 2024-01-01 2024-12-31 10512601 d:PlantMachinery 2024-01-01 2024-12-31 10512601 d:PlantMachinery 2024-12-31 10512601 d:PlantMachinery 2023-12-31 10512601 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10512601 d:CurrentFinancialInstruments 2024-12-31 10512601 d:CurrentFinancialInstruments 2023-12-31 10512601 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10512601 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10512601 d:ShareCapital 2024-12-31 10512601 d:ShareCapital 2023-12-31 10512601 d:RetainedEarningsAccumulatedLosses 2024-12-31 10512601 d:RetainedEarningsAccumulatedLosses 2023-12-31 10512601 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 10512601 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10512601 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10512601 c:OrdinaryShareClass1 2024-12-31 10512601 c:OrdinaryShareClass1 2023-12-31 10512601 c:FRS102 2024-01-01 2024-12-31 10512601 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10512601 c:FullAccounts 2024-01-01 2024-12-31 10512601 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10512601 2 2024-01-01 2024-12-31 10512601 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10512601









TRIPLE LINE TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TRIPLE LINE TECHNOLOGY LIMITED
REGISTERED NUMBER: 10512601

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
899
1,623

  
899
1,623

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,568
6,113

Cash at bank and in hand
  
27,137
67,811

  
28,705
73,924

Creditors: amounts falling due within one year
 6 
(43,866)
(48,158)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(15,161)
 
 
25,766

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(14,262)
27,389

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
-
(366)

NET (LIABILITIES)/ASSETS
  
(14,262)
27,023


CAPITAL AND RESERVES
  

Called up share capital 
 8 
2
2

Profit and loss account
  
(14,264)
27,021

  
(14,262)
27,023


Page 1

 
TRIPLE LINE TECHNOLOGY LIMITED
REGISTERED NUMBER: 10512601
    
BALANCE SHEET (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 profit and loss account 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: 






Dr M Gothard
Director

Date: 9 June 2025

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

Page 2

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Triple Line Technology Limited is a private company limited by shares and incorporated in England and Wales.Its registered office is 46 Fanshawe Road, Cambridge, CB1 3QY.
The Company's functional and presentational currency is GBP.

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.

 
2.2

GOING CONCERN

The Company had net liabilities of £14,262 at 31 December 2024.  The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

TURNOVER

Turnover is recognised on a project by project basis dependant on the terms agreed or from licensing revenues, exclusive of Value Added Tax.

 
2.5

INTEREST INCOME

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

Page 3

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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 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 balance sheet date.


 
2.7

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:

Plant and machinery
-
25%
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.

 
2.8

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.

Page 4

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

 
2.10

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.


3.


EMPLOYEES

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


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 January 2024
3,601



At 31 December 2024

3,601



DEPRECIATION


At 1 January 2024
1,978


Charge for the year on owned assets
724



At 31 December 2024

2,702



NET BOOK VALUE



At 31 December 2024
899



At 31 December 2023
1,623

Page 5

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


DEBTORS

2024
2023
£
£


Other debtors
1,566
6,111

Called up share capital not paid
2
2

1,568
6,113



6.


CREDITORS:  AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
41,429
45,805

Accruals and deferred income
2,437
2,353

43,866
48,158



7.


DEFERRED TAXATION




2024


£






At beginning of year
(366)


Charged to profit or loss
366



AT END OF YEAR
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(366)

-
(366)

Page 6

 
TRIPLE LINE TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND PARTLY PAID



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2


 
Page 7