Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-09-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10915237 2023-09-01 2024-09-30 10915237 2022-09-01 2023-08-31 10915237 2024-09-30 10915237 2023-08-31 10915237 c:Director1 2023-09-01 2024-09-30 10915237 d:Buildings 2023-09-01 2024-09-30 10915237 d:Buildings 2024-09-30 10915237 d:Buildings 2023-08-31 10915237 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-09-30 10915237 d:PlantMachinery 2023-09-01 2024-09-30 10915237 d:PlantMachinery 2024-09-30 10915237 d:PlantMachinery 2023-08-31 10915237 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-09-30 10915237 d:MotorVehicles 2023-09-01 2024-09-30 10915237 d:MotorVehicles 2024-09-30 10915237 d:MotorVehicles 2023-08-31 10915237 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-09-30 10915237 d:OfficeEquipment 2023-09-01 2024-09-30 10915237 d:OfficeEquipment 2024-09-30 10915237 d:OfficeEquipment 2023-08-31 10915237 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-09-30 10915237 d:ComputerEquipment 2023-09-01 2024-09-30 10915237 d:OwnedOrFreeholdAssets 2023-09-01 2024-09-30 10915237 d:CurrentFinancialInstruments 2024-09-30 10915237 d:CurrentFinancialInstruments 2023-08-31 10915237 d:Non-currentFinancialInstruments 2024-09-30 10915237 d:Non-currentFinancialInstruments 2023-08-31 10915237 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10915237 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10915237 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10915237 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10915237 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 10915237 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10915237 d:ShareCapital 2024-09-30 10915237 d:ShareCapital 2023-08-31 10915237 d:RetainedEarningsAccumulatedLosses 2024-09-30 10915237 d:RetainedEarningsAccumulatedLosses 2023-08-31 10915237 c:FRS102 2023-09-01 2024-09-30 10915237 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-09-30 10915237 c:FullAccounts 2023-09-01 2024-09-30 10915237 c:PrivateLimitedCompanyLtd 2023-09-01 2024-09-30 10915237 4 2023-09-01 2024-09-30 10915237 e:PoundSterling 2023-09-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10915237









TEACHITRIGHT HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
TEACHITRIGHT HOLDINGS LTD
REGISTERED NUMBER: 10915237

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
30 September
31 August
31 August
2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
276,857
287,654

  
276,857
287,654

Current assets
  

Debtors: amounts falling due within one year
 5 
92,585
8,955

Cash at bank and in hand
 6 
3,853
1,702

  
96,438
10,657

Creditors: amounts falling due within one year
 7 
(98,558)
(374,330)

Net current liabilities
  
 
 
(2,120)
 
 
(363,673)

Total assets less current liabilities
  
274,737
(76,019)

Creditors: amounts falling due after more than one year
 8 
(146,429)
(171,384)

  

Net assets/(liabilities)
  
128,308
(247,403)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
128,208
(247,503)

Total equity
  
128,308
(247,403)


Page 1

 
TEACHITRIGHT HOLDINGS LTD
REGISTERED NUMBER: 10915237
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 period 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 and were signed on its behalf by: 




................................................
C J Pearse
Director

Date: 26 June 2025

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

Page 2

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Teachitright Holdings Ltd is a private company limited by shares and registered in England and Wales. Its registered office address is 7 Priory Court, Tuscam Way, Camberley, GU15 3YX
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
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:

Freehold property
-
2%
Plant and machinery
-
20%
Motor vehicles
-
20%
Office equipment
-
20%
Computer equipment
-
20%

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.

 
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.

Page 4

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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 directors, during the period was 2 (2023 - 2).

Page 5

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
321,382
2,239
11,337
17,693
352,651



At 30 September 2024

321,382
2,239
11,337
17,693
352,651



Depreciation


At 1 September 2023
38,568
2,239
11,337
12,854
64,998


Charge for the period on owned assets
6,963
-
-
3,833
10,796



At 30 September 2024

45,531
2,239
11,337
16,687
75,794



Net book value



At 30 September 2024
275,851
-
-
1,006
276,857



At 31 August 2023
282,814
-
1
4,839
287,654


5.


Debtors

30 September
31 August
2024
2023
£
£


Trade debtors
-
2,906

Other debtors
3,029
4,799

Prepayments and accrued income
89,556
1,250

92,585
8,955


Page 6

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

30 September
31 August
2024
2023
£
£

Cash at bank and in hand
3,853
1,702



7.


Creditors: Amounts falling due within one year

30 September
31 August
2024
2023
£
£

Bank loans
13,900
-

Trade creditors
503
(3,015)

Other creditors
82,000
376,045

Accruals and deferred income
2,155
1,300

98,558
374,330



8.


Creditors: Amounts falling due after more than one year

30 September
31 August
2024
2023
£
£

Bank loans
145,266
172,131

Other creditors
1,163
(747)

146,429
171,384


Page 7

 
TEACHITRIGHT HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


30 September
31 August
2024
2023
£
£

Amounts falling due within one year

Bank loans
13,900
-


Amounts falling due 2-5 years

Bank loans
145,266
172,131


159,166
172,131


 
Page 8