Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity34trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08639178 2024-01-01 2024-12-31 08639178 2022-12-01 2023-12-31 08639178 2024-12-31 08639178 2023-12-31 08639178 c:Director1 2024-01-01 2024-12-31 08639178 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 08639178 d:Buildings d:LongLeaseholdAssets 2024-12-31 08639178 d:Buildings d:LongLeaseholdAssets 2023-12-31 08639178 d:PlantMachinery 2024-01-01 2024-12-31 08639178 d:PlantMachinery 2024-12-31 08639178 d:PlantMachinery 2023-12-31 08639178 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08639178 d:FurnitureFittings 2024-01-01 2024-12-31 08639178 d:FurnitureFittings 2024-12-31 08639178 d:FurnitureFittings 2023-12-31 08639178 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08639178 d:OfficeEquipment 2024-01-01 2024-12-31 08639178 d:OfficeEquipment 2024-12-31 08639178 d:OfficeEquipment 2023-12-31 08639178 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08639178 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08639178 d:CurrentFinancialInstruments 2024-12-31 08639178 d:CurrentFinancialInstruments 2023-12-31 08639178 d:Non-currentFinancialInstruments 2024-12-31 08639178 d:Non-currentFinancialInstruments 2023-12-31 08639178 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08639178 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08639178 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08639178 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08639178 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 08639178 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08639178 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 08639178 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08639178 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 08639178 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 08639178 d:ShareCapital 2024-12-31 08639178 d:ShareCapital 2023-12-31 08639178 d:SharePremium 2024-12-31 08639178 d:SharePremium 2023-12-31 08639178 d:RetainedEarningsAccumulatedLosses 2024-12-31 08639178 d:RetainedEarningsAccumulatedLosses 2023-12-31 08639178 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08639178 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08639178 c:FRS102 2024-01-01 2024-12-31 08639178 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08639178 c:FullAccounts 2024-01-01 2024-12-31 08639178 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08639178 2 2024-01-01 2024-12-31 08639178 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08639178










EMERDIS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
EMERDIS LIMITED
REGISTERED NUMBER: 08639178

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
177,609
178,207

  
177,609
178,207

Current assets
  

Stocks
  
15,119
-

Debtors: amounts falling due within one year
 5 
44,153
164,825

Cash at bank and in hand
  
72,891
45,752

  
132,163
210,577

Creditors: amounts falling due within one year
 6 
(82,707)
(163,807)

Net current assets
  
 
 
49,456
 
 
46,770

Total assets less current liabilities
  
227,065
224,977

Creditors: amounts falling due after more than one year
 7 
(128,753)
(137,680)

Provisions for liabilities
  

Deferred tax
 9 
(657)
(647)

  
 
 
(657)
 
 
(647)

Net assets
  
97,655
86,650


Capital and reserves
  

Called up share capital 
  
5,010
5,010

Share premium account
  
72
72

Profit and loss account
  
92,573
81,568

  
97,655
86,650


Page 1

 
EMERDIS LIMITED
REGISTERED NUMBER: 08639178
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 1 July 2025.




R Mathur
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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:

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.

 
1.4

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.

 
1.5

Interest income

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

Page 3

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.6

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.

 
1.7

Borrowing costs

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

 
1.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.9

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 reporting 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 reporting 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 reporting date.


Page 4

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.10

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:

Long-term leasehold property
-
Not depreciated
Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
1.11

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 reporting 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.

 
1.12

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.

 
1.13

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.

 
1.14

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 5

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.15

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.

 
1.16

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.


General information

Emerdis Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 08639178
The address of its Registered office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 6

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





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

£
£
£
£
£



Cost or valuation


At 1 January 2024
174,152
15,072
1,605
4,179
195,008


Additions
-
-
450
-
450



At 31 December 2024

174,152
15,072
2,055
4,179
195,458



Depreciation


At 1 January 2024
-
13,532
1,029
2,239
16,800


Charge for the year on owned assets
-
308
256
485
1,049



At 31 December 2024

-
13,840
1,285
2,724
17,849



Net book value



At 31 December 2024
174,152
1,232
770
1,455
177,609



At 31 December 2023
174,152
1,540
575
1,940
178,207

Page 7

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
22,917
134,425

Amounts owed by related parties
21,236
27,036

Other debtors
-
3,364

44,153
164,825



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,810
6,500

Payments received on account
33,723
33,723

Trade creditors
10,265
79,980

Corporation tax
8,315
17,783

Other taxation and social security
2,969
2,311

Other creditors
18,075
21,960

Accruals and deferred income
1,550
1,550

82,707
163,807



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
128,753
137,680

128,753
137,680


Page 8

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,810
6,500


7,810
6,500

Amounts falling due 1-2 years

Bank loans
7,809
7,000


7,809
7,000

Amounts falling due 2-5 years

Bank loans
23,430
22,000


23,430
22,000

Amounts falling due after more than 5 years

Bank loans
97,512
108,678

97,512
108,678

136,561
144,178


Page 9

 
EMERDIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(647)


Charged to profit or loss
(10)



At end of year
(657)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(657)
(647)

(657)
(647)


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 £621 (2023: £628). Contributions totalling £84 (2023: £0) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

At the balance sheet date, the Company was owed £21,236 (2023: £27,036) by Emerdis Services Limited, a company part-owned by the director. The loan was provided interest-free and is repayable on demand.

 
Page 10