Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3132The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2024-04-01No description of principal activity35falsetrue 09848787 2024-04-01 2025-03-31 09848787 2023-04-01 2024-03-31 09848787 2025-03-31 09848787 2024-03-31 09848787 2023-04-01 09848787 2 2024-04-01 2025-03-31 09848787 d:Director1 2024-04-01 2025-03-31 09848787 d:Director2 2024-04-01 2025-03-31 09848787 d:Director3 2024-04-01 2025-03-31 09848787 d:Director4 2024-04-01 2025-03-31 09848787 d:Director5 2024-04-01 2025-03-31 09848787 d:Director6 2024-04-01 2025-03-31 09848787 d:RegisteredOffice 2024-04-01 2025-03-31 09848787 e:Buildings e:LongLeaseholdAssets 2024-04-01 2025-03-31 09848787 e:Buildings e:LongLeaseholdAssets 2025-03-31 09848787 e:Buildings e:LongLeaseholdAssets 2024-03-31 09848787 e:PlantMachinery 2024-04-01 2025-03-31 09848787 e:PlantMachinery 2025-03-31 09848787 e:PlantMachinery 2024-03-31 09848787 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09848787 e:OfficeEquipment 2024-04-01 2025-03-31 09848787 e:OfficeEquipment 2025-03-31 09848787 e:OfficeEquipment 2024-03-31 09848787 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09848787 e:ComputerEquipment 2024-04-01 2025-03-31 09848787 e:ComputerEquipment 2025-03-31 09848787 e:ComputerEquipment 2024-03-31 09848787 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09848787 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09848787 e:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 09848787 e:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 09848787 e:CurrentFinancialInstruments 2025-03-31 09848787 e:CurrentFinancialInstruments 2024-03-31 09848787 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 09848787 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 09848787 e:ShareCapital 2024-04-01 2025-03-31 09848787 e:ShareCapital 2025-03-31 09848787 e:ShareCapital 2023-04-01 2024-03-31 09848787 e:ShareCapital 2024-03-31 09848787 e:ShareCapital 2023-04-01 09848787 e:SharePremium 2024-04-01 2025-03-31 09848787 e:SharePremium 2025-03-31 09848787 e:SharePremium 2 2024-04-01 2025-03-31 09848787 e:SharePremium 2023-04-01 2024-03-31 09848787 e:SharePremium 2024-03-31 09848787 e:SharePremium 2023-04-01 09848787 e:OtherMiscellaneousReserve 2024-04-01 2025-03-31 09848787 e:OtherMiscellaneousReserve 2025-03-31 09848787 e:OtherMiscellaneousReserve 2 2024-04-01 2025-03-31 09848787 e:OtherMiscellaneousReserve 2023-04-01 2024-03-31 09848787 e:OtherMiscellaneousReserve 2024-03-31 09848787 e:OtherMiscellaneousReserve 2023-04-01 09848787 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09848787 e:RetainedEarningsAccumulatedLosses 2025-03-31 09848787 e:RetainedEarningsAccumulatedLosses 2 2024-04-01 2025-03-31 09848787 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09848787 e:RetainedEarningsAccumulatedLosses 2024-03-31 09848787 e:RetainedEarningsAccumulatedLosses 2023-04-01 09848787 d:OrdinaryShareClass1 2024-04-01 2025-03-31 09848787 d:OrdinaryShareClass1 2025-03-31 09848787 d:OrdinaryShareClass1 2024-03-31 09848787 d:FRS102 2024-04-01 2025-03-31 09848787 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09848787 d:FullAccounts 2024-04-01 2025-03-31 09848787 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09848787 e:WithinOneYear 2025-03-31 09848787 e:WithinOneYear 2024-03-31 09848787 e:ShareCapital 2 2024-04-01 2025-03-31 09848787 e:DevelopmentCostsCapitalisedDevelopmentExpenditure e:OwnedIntangibleAssets 2024-04-01 2025-03-31 09848787 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 09848787







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


ARCTECH INNOVATION LIMITED






































   img3410.png                    

 


ARCTECH INNOVATION LIMITED
 


 
COMPANY INFORMATION


Directors
Professor M M Cameron 
L H L Ding 
A C Dyer 
Dr A Jenkins 
Professor J G Logan 
G M Sutherland 




Registered number
09848787



Registered office
The Cube Londoneast-Uk Business And Technical Park
Yew Tree Avenue

Dagenham

Essex

RM10 7FN




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


ARCTECH INNOVATION LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


 


ARCTECH INNOVATION LIMITED
REGISTERED NUMBER:09848787



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
847,589
856,150

Tangible assets
 5 
43,077
55,926

  
890,666
912,076

Current assets
  

Debtors: amounts falling due within one year
 6 
705,461
513,607

Cash at bank and in hand
  
224,779
58,896

  
930,240
572,503

Creditors: amounts falling due within one year
 7 
(770,505)
(719,779)

Net current assets/(liabilities)
  
 
 
159,735
 
 
(147,276)

Total assets less current liabilities
  
1,050,401
764,800

  

Net assets
  
1,050,401
764,800


Capital and reserves
  

Allotted, called up and fully paid share capital
  
11
11

Share premium account
  
2,124,471
1,791,971

Other reserves
  
900,000
-

Profit and loss account
  
(1,974,081)
(1,027,182)

  
1,050,401
764,800


Page 1

 


ARCTECH INNOVATION LIMITED
REGISTERED NUMBER:09848787


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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: 




Professor J G Logan
Director

Date: 21 July 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 


ARCTECH INNOVATION LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 April 2023
10
1,501,971
-
(300,921)
1,201,060


Comprehensive income for the year

Loss for the year
-
-
-
(726,261)
(726,261)
Total comprehensive income for the year
-
-
-
(726,261)
(726,261)


Contributions by and distributions to owners

Share issue
1
290,000
-
-
290,001


Total transactions with owners
1
290,000
-
-
290,001



At 1 April 2024
11
1,791,971
-
(1,027,182)
764,800


Comprehensive income for the year

Loss for the year
-
-
-
(946,899)
(946,899)
Total comprehensive income for the year
-
-
-
(946,899)
(946,899)


Contributions by and distributions to owners

Share issue
-
332,500
-
-
332,500

Advanced subscription agreement (ASA)
-
-
900,000
-
900,000


Total transactions with owners
-
332,500
900,000
-
1,232,500


At 31 March 2025
11
2,124,471
900,000
(1,974,081)
1,050,401


Other reserves relate to advanced subscription agreements (ASA) for future share issues of £900,000 (2024: £nil).
The notes on pages 4 to 7 form part of these financial statements.

Page 3

 


ARCTECH INNOVATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Arctech Innovation Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and trading address can be found on the Company Information page.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
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

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 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

 


ARCTECH INNOVATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of ten years.
Intangible assets are initially measured at costs. Product development expenditure is capitalised as an intangible asset only if all of certain conditions are met. The capitalisation criteria are as follows:
1. An asset is created that can be separately identified, and which the company intends to use or sell
2. It is technically feasible to complete the development of the asset for use or sale
3. It is probable that the asset will generate future economic benefit
4. The development cost of the asset can be measured reliably
The expected useful lives of intangible assets are reviewed annually. The company does not have any intangible assets with indefinite lives.
Following initial recognition, intangible assets with finite useful lives are carried at cost less accumulated amortisation and accumulated impairment losses. They are amortised on a straight line basis over their estimated useful lives of 10 years.
Research costs are expensed as incurred. Development expenditure incurred on an individual project is capitalised only if specific criteria are met.

 
2.6

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:

Long-term leasehold property
-
20%
Straight line
Plant and machinery
-
33%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
20%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2024 - 35).

Page 5

 


ARCTECH INNOVATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets



Development expenditure

£



Cost


At 1 April 2024
856,150



At 31 March 2025

856,150



Amortisation


Charge for the year
8,561



At 31 March 2025

8,561



Net book value



At 31 March 2025
847,589




5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
41,882
41,376
2,209
24,141
109,608


Additions
-
8,186
-
8,506
16,692



At 31 March 2025

41,882
49,562
2,209
32,647
126,300



Depreciation


At 1 April 2024
16,752
26,224
475
10,231
53,682


Charge for the year
8,376
15,455
442
5,268
29,541



At 31 March 2025

25,128
41,679
917
15,499
83,223



Net book value



At 31 March 2025
16,754
7,883
1,292
17,148
43,077



At 31 March 2024
25,130
15,152
1,734
13,910
55,926

Page 6

 


ARCTECH INNOVATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
456,855
149,006

Other debtors
157,435
286,592

Prepayments and accrued income
91,171
78,009

705,461
513,607



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other loans
86,635
106,542

Trade creditors
169,252
239,173

Corporation tax
16,984
16,984

Other taxation and social security
51,249
87,980

Accruals and deferred income
446,385
269,100

770,505
719,779



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



110,327 (2024 - 108,500) Ordinary shares of £0.0001 each
11
11



9.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
51,535
-

51,535
-

 
Page 7