Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3102024-01-01falseNo description of principal activity43falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11730499 2024-01-01 2024-12-31 11730499 2023-01-01 2023-12-31 11730499 2024-12-31 11730499 2023-12-31 11730499 c:Director1 2024-01-01 2024-12-31 11730499 d:ComputerEquipment 2024-01-01 2024-12-31 11730499 d:ComputerEquipment 2024-12-31 11730499 d:ComputerEquipment 2023-12-31 11730499 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11730499 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11730499 d:ComputerSoftware 2024-01-01 2024-12-31 11730499 d:ComputerSoftware 2024-12-31 11730499 d:ComputerSoftware 2023-12-31 11730499 d:CurrentFinancialInstruments 2024-12-31 11730499 d:CurrentFinancialInstruments 2023-12-31 11730499 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11730499 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11730499 d:ShareCapital 2024-12-31 11730499 d:ShareCapital 2023-12-31 11730499 d:RetainedEarningsAccumulatedLosses 2024-12-31 11730499 d:RetainedEarningsAccumulatedLosses 2023-12-31 11730499 c:FRS102 2024-01-01 2024-12-31 11730499 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11730499 c:FullAccounts 2024-01-01 2024-12-31 11730499 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11730499 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11730499










SCISSERO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SCISSERO LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCISSERO LTD
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scissero Ltd for the year ended 31 December 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Scissero Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Scissero Ltd and state those matters that we have agreed to state to the director of Scissero Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scissero Ltd and its director for our work or for this report. 

It is your duty to ensure that Scissero Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scissero Ltd. You consider that Scissero Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Scissero Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



HaysMac LLP
10 Queen Street Place
London
EC4R 1AG
21 July 2025
Page 1

 
SCISSERO LTD
REGISTERED NUMBER: 11730499

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
279,666

Tangible assets
 5 
241,083
-

Current assets
  

Debtors: amounts falling due within one year
 6 
617,263
1,074,529

Cash at bank and in hand
  
58,724
262,027

  
675,987
1,336,556

Creditors: amounts falling due within one year
 7 
(566,044)
(2,043,406)

Net current assets/(liabilities)
  
 
 
109,943
 
 
(706,850)

Total assets less current liabilities
  
351,026
(427,184)

  

Net assets/(liabilities)
  
351,026
(427,184)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
350,926
(427,284)

  
351,026
(427,184)


Page 2

 
SCISSERO LTD
REGISTERED NUMBER: 11730499
    
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 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: 


M Strasser
Director

Date: 18 July 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Scissero Ltd is a private company limited by shares and incorporated in England and Wales. The address of the registered office and trading address is Spaces Canary Wharf Level 11, 25 Cabot Square, London, E14 4QZ. The principal activity of the company during the year was that of software development.

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

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.

  
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand.

  
2.5

Creditors

Short-term creditors are measured at the transaction price.

 
2.6

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.

Page 4

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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.


 
2.8

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'.

 
2.9

Intangible assets

 Amortisation is provided on the following bases:

Computer Software
-
3 years

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.

Page 5

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
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 4 (2023 - 3).

Page 6

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£





At 1 January 2024
387,615


Asset reclass
(387,615)



At 31 December 2024

-





At 1 January 2024
107,949


Amortisation reclass
(107,949)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 31 December 2023
279,666



Page 7

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Computer equipment

£



Cost


Additions
98,654


Asset reclass
387,615



At 31 December 2024

486,269



Depreciation


Charge
137,237


Depreciation reclass
107,949



At 31 December 2024

245,186



Net book value



At 31 December 2024
241,083



At 31 December 2023
-

Page 8

 
SCISSERO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
31,106
-

Amounts owed by related parties
546,028
-

Other debtors
14,207
41,557

Called up share capital not paid
100
100

Prepayments and accrued income
25,822
1,032,872

617,263
1,074,529



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,267
25,462

Amounts owed to related parties
219,291
1,975,246

Corporation tax
18,932
-

Other taxation and social security
285,242
38,529

Other creditors
516
-

Accruals and deferred income
11,796
4,169

566,044
2,043,406



8.


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 £2,642 (2023: £1,541). Contributions totalling £514 (2023: £nil) were payable to the fund at the Statement of Financial position date.


9.


Related party transactions

At the year end £Nil (2023: £20,034) was due to WallStreetDocs Ltd, a related party by virtue of having M Strasser as a common director.
At the year end £219,291 (2023: £1,069,291) was due to DG Ventures Holdings Limited, a related party by virtue of having M Strasser as a common director.
At the year end £546,028 (2023: £885,921 due to) was due from Scissero Law Limited (formerly Fincap Limited), a related party by virtue of having M Strasser as a common director.

Page 9