Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false72024-04-01falseNo description of principal activity9trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03962107 2024-04-01 2025-03-31 03962107 2023-04-01 2024-03-31 03962107 2025-03-31 03962107 2024-03-31 03962107 c:Director1 2024-04-01 2025-03-31 03962107 d:PlantMachinery 2024-04-01 2025-03-31 03962107 d:PlantMachinery 2025-03-31 03962107 d:PlantMachinery 2024-03-31 03962107 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03962107 d:CurrentFinancialInstruments 2025-03-31 03962107 d:CurrentFinancialInstruments 2024-03-31 03962107 d:Non-currentFinancialInstruments 2025-03-31 03962107 d:Non-currentFinancialInstruments 2024-03-31 03962107 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03962107 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03962107 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 03962107 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03962107 d:ShareCapital 2025-03-31 03962107 d:ShareCapital 2024-03-31 03962107 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03962107 d:RetainedEarningsAccumulatedLosses 2025-03-31 03962107 d:RetainedEarningsAccumulatedLosses 2024-03-31 03962107 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03962107 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03962107 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 03962107 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 03962107 c:FRS102 2024-04-01 2025-03-31 03962107 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03962107 c:FullAccounts 2024-04-01 2025-03-31 03962107 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03962107 d:WithinOneYear 2025-03-31 03962107 d:WithinOneYear 2024-03-31 03962107 d:BetweenOneFiveYears 2025-03-31 03962107 d:BetweenOneFiveYears 2024-03-31 03962107 2 2024-04-01 2025-03-31 03962107 6 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 03962107









CC-LAB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
CC-LAB LIMITED
REGISTERED NUMBER: 03962107

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
 5 
4,447
4,462

Fixed asset investments
 8 
10,050
10,050

  
14,497
14,512

Current assets
  

Debtors: amounts falling due within one year
 6 
160,068
94,132

Current asset investments
 7 
158,586
160,895

Cash at bank and in hand
  
61,019
210,878

  
379,673
465,905

Creditors: amounts falling due within one year
 9 
(493,834)
(346,362)

Net current (liabilities)/assets
  
 
 
(114,161)
 
 
119,543

Total assets less current liabilities
  
(99,664)
134,055

Creditors: amounts falling due after more than one year
 10 
(41,666)
(83,333)

Provisions for liabilities
  

Deferred tax
  
-
(11,054)

  
 
 
-
 
 
(11,054)

Net (liabilities)/assets
  
(141,330)
39,668


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(141,332)
39,666

  
(141,330)
39,668


Page 1

 
CC-LAB LIMITED
REGISTERED NUMBER: 03962107
    
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 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 22 July 2025.

J L Hocking
Director

Page 2

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

CC-Lab Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 112 Clerkenwell Road, London, EC1M 5SA.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is showing net liabilities, at the reporting date. In order to continue trading it is dependent on the continued financial support of its directors, who have confirmed their intention to continue to support the company for the foreseeable future.
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of the aforementioned support.

 
2.3

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.

Page 3

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Revenue recognition

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. 
Production revenue
Production revenue represents amounts receivable for work carried out in producing commissioned television programmes and is recognised on delivery of the agreed deliverables to the client. Gross profit on production activity is recognised over the period of the production and in accordance with the underlying contract. Overages on productions are recognised as they arise and underages are recognised on completion of the productions.
Distribution revenue 
Distribution revenue arises from the exploitation of the rights of programmes produced by the company. Revenue is recognised when receivable. The directors consider that turnover is receivable when the company has been notified of sums due to it by third party distribution agents. 

 
2.5

Interest income

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

 
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.

 
2.7

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.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.

Page 4

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.

Depreciation is provided on the following basis:

Plant and machinery
-
20 - 33% straight line

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in crypto currency are initially recognised at cost and remeasured to market value at each reporting date. Gains and losses on remeasurement to fair value are recognised in the Statement of Income and Retained Earnings for the year.

 
2.11

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.14

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting 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.
Accruals
The company makes an estimate of accrued income and costs for projects that were on-going at the year end. This is based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.


4.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 9).

Page 6

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
27,277


Additions
3,083


Disposals
(10,686)



At 31 March 2025

19,674



Depreciation


At 1 April 2024
22,815


Charge for the year on owned assets
3,098


Disposals
(10,686)



At 31 March 2025

15,227



Net book value



At 31 March 2025
4,447



At 31 March 2024
4,462

Page 7

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
93,978
53,682

Amounts owed by joint ventures and associated undertakings
1,160
-

Other debtors
21,608
22,404

Prepayments and accrued income
43,322
18,046

160,068
94,132



7.


Current asset investments

2025
2024
£
£

Crypto currency investments
158,586
160,895



8.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2024
50
10,000
10,050



At 31 March 2025
50
10,000
10,050




Page 8

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
41,667
41,667

Trade creditors
68,810
96,073

Corporation tax
-
19,713

Other taxation and social security
19,241
16,723

Other creditors
312,012
91,404

Accruals and deferred income
52,104
80,782

493,834
346,362



10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
41,666
83,333


The Bank loan relates to a Coronavirus Business Interruption Loan that was taken by the company as a result of COVID-19. The loan is secured by the UK Government in accordance with the Coronavirus Business Interruption Loan Scheme. Interest on the loan value is 2.5% per annum. The loan is repayable by monthly capital installments of £3,472 and will be repaid in full by March 2027.


11.


Deferred taxation




2025


£






At beginning of year
11,054


Charged to profit or loss
(11,054)



At end of year
-

Page 9

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
 
11.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2025
2024
£
£


Depreciation in excess of capital allowances
-
2,369

Revaluation of current asset investments
-
(13,423)

-
(11,054)


12.


Reserves

Profit and loss account

Included in reserves carried forward are unrealised gains of £7,696 (2024: £10,895) relating to the revaluation of the Crypto included in current asset investments. Deferred tax provided in respect of this gain and other short term timing differences amounted to £nil (2024: £11,054). 


13.


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 £4,875 (2024: £4,578). Contributions totalling £334 (2024: £403) were payable to the fund at the reporting date and are included in creditors.


14.


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
41,400
37,950

Later than 1 year and not later than 5 years
31,050
72,450

72,450
110,400

Page 10

 
CC-LAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.


Related party transactions

At the reporting date, the company owed £82,656 (2024: the company was owed £22,257 by) to J L Hocking, a director. Interest has been charged on the overdrawn amount at the standard rate of interest which amounted to £nil (2024: £87). 
At the reporting date, the company owed £4,750 (2024: £4,750) to R W Orders, a director. The balance was provided interest free and is repayable on demand.
The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

 
Page 11