Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activity2024-01-01false97falsetruefalse 03216609 2024-01-01 2024-12-31 03216609 2023-01-01 2023-12-31 03216609 2024-12-31 03216609 2023-12-31 03216609 c:Director1 2024-01-01 2024-12-31 03216609 c:Director2 2024-01-01 2024-12-31 03216609 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 03216609 d:Buildings d:LongLeaseholdAssets 2024-12-31 03216609 d:Buildings d:LongLeaseholdAssets 2023-12-31 03216609 d:PlantMachinery 2024-01-01 2024-12-31 03216609 d:PlantMachinery 2024-12-31 03216609 d:PlantMachinery 2023-12-31 03216609 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03216609 d:FurnitureFittings 2024-01-01 2024-12-31 03216609 d:FurnitureFittings 2024-12-31 03216609 d:FurnitureFittings 2023-12-31 03216609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03216609 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03216609 d:Goodwill 2024-01-01 2024-12-31 03216609 d:Goodwill 2024-12-31 03216609 d:Goodwill 2023-12-31 03216609 d:ComputerSoftware 2024-12-31 03216609 d:ComputerSoftware 2023-12-31 03216609 d:CurrentFinancialInstruments 2024-12-31 03216609 d:CurrentFinancialInstruments 2023-12-31 03216609 d:Non-currentFinancialInstruments 2024-12-31 03216609 d:Non-currentFinancialInstruments 2023-12-31 03216609 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03216609 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03216609 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03216609 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03216609 d:ShareCapital 2024-12-31 03216609 d:ShareCapital 2023-12-31 03216609 d:SharePremium 2024-12-31 03216609 d:SharePremium 2023-12-31 03216609 d:CapitalRedemptionReserve 2024-12-31 03216609 d:CapitalRedemptionReserve 2023-12-31 03216609 d:RetainedEarningsAccumulatedLosses 2024-12-31 03216609 d:RetainedEarningsAccumulatedLosses 2023-12-31 03216609 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 03216609 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03216609 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 03216609 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 03216609 c:OrdinaryShareClass1 2024-01-01 2024-12-31 03216609 c:FRS102 2024-01-01 2024-12-31 03216609 c:Audited 2024-01-01 2024-12-31 03216609 c:FullAccounts 2024-01-01 2024-12-31 03216609 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03216609 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03216609 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 03216609 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 03216609 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03216609









NOWY STYL UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NOWY STYL UK LIMITED
REGISTERED NUMBER: 03216609

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
1,011,114
1,155,559

Tangible assets
 6 
268,894
307,161

  
1,280,008
1,462,720

Current assets
  

Stocks
  
117,195
82,627

Debtors: amounts falling due after more than one year
 7 
703,023
-

Debtors: amounts falling due within one year
 7 
1,212,949
1,133,070

Cash at bank and in hand
 8 
469,208
413,413

  
2,502,375
1,629,110

Creditors: amounts falling due within one year
 9 
(1,636,678)
(1,563,057)

Net current assets
  
 
 
865,697
 
 
66,053

Total assets less current liabilities
  
2,145,705
1,528,773

Creditors: amounts falling due after more than one year
  
(476,702)
(865,035)

  

Net assets
  
1,669,003
663,738


Capital and reserves
  

Called up share capital 
  
2,062,386
2,062,386

Share premium account
  
894,900
894,900

Capital redemption reserve
  
2,017,863
2,017,863

Profit and loss account
  
(3,306,146)
(4,311,411)

  
1,669,003
663,738

Page 1

 
NOWY STYL UK LIMITED
REGISTERED NUMBER: 03216609
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 on 10 July 2025.




Mr R Chwast
Ms M Naparlo
Director
Director

The notes on pages 3 to 12 form part of these financial statements.
Page 2

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Nowy Styl UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03216609. The registered office is 58 St John's Square, London, EC1V 4JG

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

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'.

Page 3

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.4

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.

 
2.5

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.

Page 4

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Intangible 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 Statement of Comprehensive Income over its useful economic life.

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 ten 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 5

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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:

Leasehold improvements
-
Over the life of the lease
Plant and machinery
-
Straight line basis between 5% and 25%
Fixtures and fittings
-
Straight line basis between 5% and 25%

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

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 first in, first out 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.

 
2.10

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.

 
2.11

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.

 
2.12

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 6

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements required management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabitlies as at the balance sheet date and
the amounts reported for revenues and expenses during the year. However, the nature of estimation
means that actual outcomes could differ from those estimates. In this regard, the Directors believe that the critical accounting policies where judgments or estimations are necessarily applied are summarised below.
Deferred tax asset on tax losses
The recognition of deferred tax assets arising from tax losses requires management to make significant judgments regarding the availability of future taxable profits against which these losses can be utilised. This involves assessing the likelihood of future profitability, considering factors such as projected earnings, tax planning strategies, and the expiration dates of tax losses. Management regularly reviews the carrying amount of deferred tax assets and reduces them to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the deferred tax asset to be utilised. Changes in these estimates and assumptions could significantly impact the financial position and results of operations.


4.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 7).

Page 7

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 January 2024
1,015
1,449,806
1,450,821



At 31 December 2024

1,015
1,449,806
1,450,821



Amortisation


At 1 January 2024
1,015
294,247
295,262


Charge for the year on owned assets
-
144,445
144,445



At 31 December 2024

1,015
438,692
439,707



Net book value



At 31 December 2024
-
1,011,114
1,011,114



At 31 December 2023
-
1,155,559
1,155,559



Page 8

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
354,404
81,448
201
436,053


Additions
-
3,414
-
3,414



At 31 December 2024

354,404
84,862
201
439,467



Depreciation


At 1 January 2024
54,796
73,895
201
128,892


Charge for the year on owned assets
37,451
4,230
-
41,681



At 31 December 2024

92,247
78,125
201
170,573



Net book value



At 31 December 2024
262,157
6,737
-
268,894



At 31 December 2023
299,608
7,553
-
307,161

Page 9

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset
703,023
-

703,023
-


2024
2023
£
£

Due within one year

Trade debtors
1,026,152
1,004,633

Amounts owed by group undertakings
-
2,283

Other debtors
37,985
28,609

Prepayments and accrued income
89,679
97,545

Deferred taxation
59,133
-

1,212,949
1,133,070



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
469,208
413,413

469,208
413,413



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
109,809
98,030

Amounts owed to group undertakings
1,063,229
1,036,959

Other taxation and social security
301,632
284,548

Other creditors
7,333
8,156

Accruals and deferred income
154,675
135,364

1,636,678
1,563,057


Page 10

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
476,702
865,035

476,702
865,035



11.


Deferred taxation




2024


£






Charged to profit or loss
762,156






At end of year
762,156

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
447
-

Tax losses carried forward
761,709
-

762,156
-


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



 Ordinary Share Capital shares of £ 1.00
2,062,386
2,062,386



13.


Controlling party

The company is a wholly owned subsidiary of Nowy Styl Sp. Z.o.o, a company incorporated in Poland whose registered office address is: Puzaka 49, 38-400 Krosno, Poland. Nowy Styl Sp Z.o.o prepares consolidated financial statements. 
Page 11

 
NOWY STYL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 10 July 2025 by Louise Cherry ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 12