Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false3false2023-08-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07471889 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07471889 d:CurrentFinancialInstruments 2024-07-31 07471889 d:CurrentFinancialInstruments 4 2024-07-31 07471889 d:CurrentFinancialInstruments 2023-07-31 07471889 d:CurrentFinancialInstruments 4 2023-07-31 07471889 c:Director1 2023-08-01 2024-07-31 07471889 c:Director4 2023-08-01 2024-07-31 07471889 c:FRS102 2023-08-01 2024-07-31 07471889 c:FullAccounts 2023-08-01 2024-07-31 07471889 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 07471889 d:Goodwill 2023-08-01 2024-07-31 07471889 d:Goodwill 2024-07-31 07471889 d:Goodwill 2023-07-31 07471889 d:Non-currentFinancialInstruments 2024-07-31 07471889 d:Non-currentFinancialInstruments 2023-07-31 07471889 d:OfficeEquipment 2023-08-01 2024-07-31 07471889 d:OfficeEquipment 2024-07-31 07471889 d:OfficeEquipment 2023-07-31 07471889 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07471889 d:RetainedEarningsAccumulatedLosses 2024-07-31 07471889 d:RetainedEarningsAccumulatedLosses 2023-07-31 07471889 d:ShareCapital 2024-07-31 07471889 d:ShareCapital 2023-07-31 07471889 d:SharePremium 2024-07-31 07471889 d:SharePremium 2023-07-31 07471889 2023-08-01 2024-07-31 07471889 2 2023-08-01 2024-07-31 07471889 2024-07-31 07471889 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07471889 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07471889 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 07471889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07471889 2022-08-01 2023-07-31 07471889 2023-07-31 07471889 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 07471889






TELNAMES LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024

 
TELNAMES LIMITED
REGISTERED NUMBER: 07471889

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
787
6,259

  
787
6,259

Current assets
  

Debtors: amounts falling due after more than one year
 5 
54,788
-

Debtors: amounts falling due within one year
 5 
37,505
25,567

Cash at bank and in hand
 6 
104,067
141,158

  
196,360
166,725

Creditors: amounts falling due within one year
 7 
(142,656)
(61,544)

Net current assets
  
 
 
53,704
 
 
105,181

Total assets less current liabilities
  
54,491
111,440

Creditors: amounts falling due after more than one year
 8 
(10,746)
(10,662)

  

Net assets
  
43,745
100,778


Capital and reserves
  

Called up share capital 
  
9,746
9,746

Share premium account
  
254
254

Profit and loss account
  
33,745
90,778

  
43,745
100,778


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.
 
Page 1

 
TELNAMES LIMITED
REGISTERED NUMBER: 07471889
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 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 17 July 2025.






F Chalandon
K Mahdavi
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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 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:

 
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.

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.

Page 3

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
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

Interest income

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

 
1.5

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

Page 4

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.6

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 income and retained earnings 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.

 
1.7

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:

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.

 
1.8

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.

 
1.9

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.

Page 5

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.10

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.


Employees

2024
2023
£
£

Wages and salaries
61,754
61,191

Social security costs
2,299
2,869

Cost of defined contribution scheme
1,650
1,650

65,703
65,710


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


3.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
76,057



At 31 July 2024

76,057



Amortisation


At 1 August 2023
69,798


Charge for the year on owned assets
5,472



At 31 July 2024

75,270



Net book value



At 31 July 2024
787



At 31 July 2023
6,259



Page 6

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
4,744



At 31 July 2024

4,744



Depreciation


At 1 August 2023
4,744



At 31 July 2024

4,744



Net book value



At 31 July 2024
-



At 31 July 2023
-


5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed from associated companies
54,788
-

54,788
-


2024
2023
£
£

Due within one year

Trade debtors
14,821
15,998

Other debtors
4,104
6,629

Prepayments and accrued income
18,580
2,940

37,505
25,567


Page 7

 
TELNAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
104,067
141,158

104,067
141,158



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
43,226
42,049

Other taxation and social security
3,703
1,163

Deferred income
88,727
11,332

Accruals
7,000
7,000

142,656
61,544


2024
2023
£
£

Other taxation and social security

PAYE/NI control
3,702
1,163

3,702
1,163



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Deferred income
10,746
10,662

10,746
10,662



9.


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 £1,650 (2023 - £1,650) . 

 
Page 8