Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01No description of principal activity1621truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05439629 2023-10-01 2024-09-30 05439629 2022-10-01 2023-09-30 05439629 2024-09-30 05439629 2023-09-30 05439629 c:Director1 2023-10-01 2024-09-30 05439629 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 05439629 d:Buildings d:ShortLeaseholdAssets 2024-09-30 05439629 d:Buildings d:ShortLeaseholdAssets 2023-09-30 05439629 d:MotorVehicles 2023-10-01 2024-09-30 05439629 d:MotorVehicles 2024-09-30 05439629 d:MotorVehicles 2023-09-30 05439629 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05439629 d:FurnitureFittings 2023-10-01 2024-09-30 05439629 d:FurnitureFittings 2024-09-30 05439629 d:FurnitureFittings 2023-09-30 05439629 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05439629 d:OfficeEquipment 2023-10-01 2024-09-30 05439629 d:OfficeEquipment 2024-09-30 05439629 d:OfficeEquipment 2023-09-30 05439629 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05439629 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05439629 d:Goodwill 2024-09-30 05439629 d:Goodwill 2023-09-30 05439629 d:CurrentFinancialInstruments 2024-09-30 05439629 d:CurrentFinancialInstruments 2023-09-30 05439629 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05439629 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05439629 d:ShareCapital 2024-09-30 05439629 d:ShareCapital 2023-09-30 05439629 d:RetainedEarningsAccumulatedLosses 2024-09-30 05439629 d:RetainedEarningsAccumulatedLosses 2023-09-30 05439629 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-10-01 2024-09-30 05439629 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-09-30 05439629 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-09-30 05439629 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05439629 c:OrdinaryShareClass1 2024-09-30 05439629 c:OrdinaryShareClass1 2023-09-30 05439629 c:FRS102 2023-10-01 2024-09-30 05439629 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05439629 c:FullAccounts 2023-10-01 2024-09-30 05439629 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05439629 2 2023-10-01 2024-09-30 05439629 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05439629 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05439629 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05439629










TOUCH BLUE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TOUCH BLUE LIMITED
REGISTERED NUMBER: 05439629

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 5 
126,230
131,006

  
126,230
131,006

Current assets
  

Stocks
 6 
244,027
137,379

Debtors: amounts falling due within one year
 7 
557,900
516,825

Cash at bank and in hand
 8 
880,910
866,375

  
1,682,837
1,520,579

Current liabilities
  

Creditors: amounts falling due within one year
 9 
(840,727)
(549,691)

Net current assets
  
 
 
842,110
 
 
970,888

Total assets less current liabilities
  
968,340
1,101,894

Provisions for liabilities
  

Deferred tax
 10 
(10,250)
-

Other provisions
 11 
-
(93,000)

  
 
 
(10,250)
 
 
(93,000)

Net assets
  
958,090
1,008,894


Capital and reserves
  

Called up share capital 
 12 
50,000
50,000

Profit and loss account
  
908,090
958,894

  
958,090
1,008,894


Page 1

 
TOUCH BLUE LIMITED
REGISTERED NUMBER: 05439629

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 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 P Swaisland
Director

Date: 26 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TOUCH BLUE LIMITED
 

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

1.


General information

Touch Blue Limited is a private Company, limited by share capital and incorporated in England and Wales. 
The Company's registered office address is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB and the Company's principal place of business is Unit 6, Kingfisher Court, Newbury RG14 5SJ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 3

 
TOUCH BLUE LIMITED
 

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

2.Accounting policies (continued)

 
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:

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.

Revenue from maintenance contracts is recognised over the contractual life of the maintenance agreement.
Revenue from installations is recognised as the work is performed.

Page 4

 
TOUCH BLUE LIMITED
 

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

2.Accounting policies (continued)

  
2.3
Intangible fixed assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life. Goodwill has been fully written down in previous accounting periods.
Other 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 five years.
Amortisation is provided over 3 years.

 
2.4

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 below methods.


Short-term leasehold property
-
15% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% straight line
Office equipment
-
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.

 
2.5

Operating leases

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.

Page 5

 
TOUCH BLUE LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
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.

 
2.11

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.

 
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.

Page 6

 
TOUCH BLUE LIMITED
 

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

2.Accounting policies (continued)

 
2.13

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.

 
2.14

Interest income

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

 
2.15

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

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 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.


Page 7

 
TOUCH BLUE LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 21).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
249,000



At 30 September 2024

249,000



Amortisation


At 1 October 2023
249,000



At 30 September 2024

249,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 8

 
TOUCH BLUE LIMITED
 

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

5.


Tangible fixed assets





Refurbishment
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
162,694
34,569
44,680
88,436
330,379


Additions
-
27,400
-
17,618
45,018


Disposals
-
(9,570)
-
-
(9,570)



At 30 September 2024

162,694
52,399
44,680
106,054
365,827



Depreciation


At 1 October 2023
90,364
9,689
26,474
72,846
199,373


Charge for the year on owned assets
21,890
10,396
4,458
6,919
43,663


Disposals
-
(3,439)
-
-
(3,439)



At 30 September 2024

112,254
16,646
30,932
79,765
239,597



Net book value



At 30 September 2024
50,440
35,753
13,748
26,289
126,230



At 30 September 2023
72,330
24,880
18,206
15,590
131,006


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
244,027
137,379

244,027
137,379



7.


Debtors

2024
2023
£
£

Trade debtors
157,756
116,406

Other debtors
384,348
381,805

Prepayments and accrued income
15,796
18,614

557,900
516,825


Page 9

 
TOUCH BLUE LIMITED
 

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

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
880,910
866,375

880,910
866,375



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
27,803
2,557

Corporation tax
41,399
71,940

Other taxation and social security
50,037
63,706

Other creditors
620,383
360,259

Accruals and deferred income
101,105
51,229

840,727
549,691



10.


Deferred taxation




2024


£






Charged to profit or loss
(10,250)



At end of year
(10,250)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(10,250)
-

(10,250)
-

Page 10

 
TOUCH BLUE LIMITED
 

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

11.


Provisions




Provisions

£





At 1 October 2023
93,000


Utilised in year
(93,000)



At 30 September 2024
-


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1 each
50,000
50,000



13.


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 £17,865 (2023 - £20,017). Contributions totalling £3,036 (2023 - £2,976) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

The controlling party is A P Swaisland by vitue of his shareholding.


Page 11