Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false2No description of principal activityfalse2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04282132 2023-10-01 2024-09-30 04282132 2022-10-01 2023-09-30 04282132 2024-09-30 04282132 2023-09-30 04282132 c:Director1 2023-10-01 2024-09-30 04282132 d:FurnitureFittings 2023-10-01 2024-09-30 04282132 d:FurnitureFittings 2024-09-30 04282132 d:FurnitureFittings 2023-09-30 04282132 d:Goodwill 2023-10-01 2024-09-30 04282132 d:Goodwill 2024-09-30 04282132 d:Goodwill 2023-09-30 04282132 d:CurrentFinancialInstruments 2024-09-30 04282132 d:CurrentFinancialInstruments 2023-09-30 04282132 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04282132 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04282132 d:ShareCapital 2024-09-30 04282132 d:ShareCapital 2023-09-30 04282132 d:RetainedEarningsAccumulatedLosses 2024-09-30 04282132 d:RetainedEarningsAccumulatedLosses 2023-09-30 04282132 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 04282132 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 04282132 c:FRS102 2023-10-01 2024-09-30 04282132 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04282132 c:FullAccounts 2023-10-01 2024-09-30 04282132 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04282132 2 2023-10-01 2024-09-30 04282132 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04282132









MATHSHOP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MATHSHOP LIMITED
REGISTERED NUMBER: 04282132

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
12,867
22,727

Cash at bank and in hand
 7 
5,281
7,447

  
18,148
30,174

Creditors: amounts falling due within one year
 8 
(407,712)
(370,640)

Net current liabilities
  
 
 
(389,564)
 
 
(340,466)

Total assets less current liabilities
  
(389,564)
(340,466)

  

Net liabilities
  
(389,564)
(340,466)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(389,664)
(340,566)

  
(389,564)
(340,466)


Page 1

 
MATHSHOP LIMITED
REGISTERED NUMBER: 04282132
    
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 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 on 25 June 2025.




................................................
T J Coffey
Director

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

Page 2

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Mathshop Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of software consultancy and supply. 

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

The accounts are produced on a going concern basis. This assumes the ongoing support of the director, which he has pledged for the foreseeable future.

 
2.3

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.

Page 3

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

 
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 Balance sheet. 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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
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.

Page 4

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years 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

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.

 
2.10

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.

 
2.11

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).

Page 5

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
30,000



At 30 September 2024

30,000



Amortisation


At 1 October 2023
30,000



At 30 September 2024

30,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 6

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2023
8,341



At 30 September 2024

8,341



Depreciation


At 1 October 2023
8,341



At 30 September 2024

8,341



Net book value



At 30 September 2024
-



At 30 September 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
12,793
22,669

Prepayments and accrued income
74
58

12,867
22,727



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,281
7,447

5,281
7,447


Page 7

 
MATHSHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
774

Other creditors
406,362
368,571

Accruals and deferred income
1,350
1,295

407,712
370,640



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
5,281
7,447




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand. 


10.


Pension commitments

The Company operates a defined contributions 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 £353 (2023 - £1,060). Contributions totalling £nil (2023 - £206) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The Company is controlled by the director, T J Coffey, by virtue of his shareholding as described in the director's report.

 
Page 8