Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30Information technology consultancy activitiestrue2023-10-01false45trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03084977 2023-10-01 2024-09-30 03084977 2022-10-01 2023-09-30 03084977 2024-09-30 03084977 2023-09-30 03084977 c:Director2 2023-10-01 2024-09-30 03084977 d:PlantMachinery 2023-10-01 2024-09-30 03084977 d:OfficeEquipment 2023-10-01 2024-09-30 03084977 d:OfficeEquipment 2024-09-30 03084977 d:OfficeEquipment 2023-09-30 03084977 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03084977 d:CurrentFinancialInstruments 2024-09-30 03084977 d:CurrentFinancialInstruments 2023-09-30 03084977 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03084977 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03084977 d:ShareCapital 2024-09-30 03084977 d:ShareCapital 2023-09-30 03084977 d:RetainedEarningsAccumulatedLosses 2024-09-30 03084977 d:RetainedEarningsAccumulatedLosses 2023-09-30 03084977 c:OrdinaryShareClass1 2023-10-01 2024-09-30 03084977 c:OrdinaryShareClass1 2024-09-30 03084977 c:OrdinaryShareClass1 2023-09-30 03084977 c:FRS102 2023-10-01 2024-09-30 03084977 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03084977 c:FullAccounts 2023-10-01 2024-09-30 03084977 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03084977 6 2023-10-01 2024-09-30 03084977 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03084977










DISCOVER DIGITAL SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DISCOVER DIGITAL SOLUTIONS LIMITED
REGISTERED NUMBER: 03084977

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,872
9,583

Investments
 5 
94,005
181,322

  
103,877
190,905

Current assets
  

Debtors: amounts falling due within one year
 6 
283,056
261,207

Cash at bank and in hand
 7 
815,724
861,260

  
1,098,780
1,122,467

  

Creditors: amounts falling due within one year
 8 
(139,581)
(124,210)

Net current assets
  
 
 
959,199
 
 
998,257

Net assets
  
1,063,076
1,189,162


Capital and reserves
  

Called up share capital 
 9 
600
600

Profit and loss account
  
1,062,476
1,188,562

  
1,063,076
1,189,162


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 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 by: 



A F Judd
Director
Date: 27 June 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales. The address of its registered office is Reading Bridge House, George Street, Reading, England, RG1 8LS.

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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance 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.

Page 2

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

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.

 
2.8

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 3

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

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.

 
2.11

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).

Page 4

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

4.


Tangible fixed assets





Plant and Machinery etc

£



Cost or valuation


At 1 October 2023
25,518


Additions
2,932



At 30 September 2024

28,450



Depreciation


At 1 October 2023
15,935


Charge for the year on owned assets
2,643



At 30 September 2024

18,578



Net book value



At 30 September 2024
9,872



At 30 September 2023
9,583

Page 5

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 October 2023
181,322


Revaluations
(87,317)



At 30 September 2024
94,005





6.


Debtors

2024
2023
£
£


Trade debtors
243,549
249,069

Other debtors
30,061
1,992

Prepayments and accrued income
9,446
10,146

283,056
261,207



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
815,724
861,260



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,895
5,227

Corporation tax
-
31,877

Other taxation and social security
18,253
4,691

Other creditors
12,291
11,980

Accruals and deferred income
103,142
70,435

139,581
124,210


Page 6

 
DISCOVER DIGITAL SOLUTIONS LIMITED
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



600 (2023 - 600) Ordinary shares of £1.00 each
600
600



Page 7