Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueNo description of principal activity2024-01-01false1511truefalse 12281171 2024-01-01 2024-12-31 12281171 2023-01-01 2023-12-31 12281171 2024-12-31 12281171 2023-12-31 12281171 2023-01-01 12281171 c:Director3 2024-01-01 2024-12-31 12281171 d:PlantMachinery 2024-01-01 2024-12-31 12281171 d:PlantMachinery 2024-12-31 12281171 d:PlantMachinery 2023-12-31 12281171 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12281171 d:OfficeEquipment 2024-01-01 2024-12-31 12281171 d:OfficeEquipment 2024-12-31 12281171 d:OfficeEquipment 2023-12-31 12281171 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12281171 d:ComputerEquipment 2024-01-01 2024-12-31 12281171 d:ComputerEquipment 2024-12-31 12281171 d:ComputerEquipment 2023-12-31 12281171 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12281171 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 12281171 d:OtherPropertyPlantEquipment 2024-12-31 12281171 d:OtherPropertyPlantEquipment 2023-12-31 12281171 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12281171 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12281171 d:CurrentFinancialInstruments 2024-12-31 12281171 d:CurrentFinancialInstruments 2023-12-31 12281171 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12281171 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12281171 d:ShareCapital 2024-01-01 2024-12-31 12281171 d:ShareCapital 2024-12-31 12281171 d:ShareCapital 2023-01-01 2023-12-31 12281171 d:ShareCapital 2023-12-31 12281171 d:ShareCapital 2023-01-01 12281171 d:SharePremium 2024-01-01 2024-12-31 12281171 d:SharePremium 2024-12-31 12281171 d:SharePremium 2023-01-01 2023-12-31 12281171 d:SharePremium 2023-12-31 12281171 d:SharePremium 2023-01-01 12281171 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12281171 d:RetainedEarningsAccumulatedLosses 2024-12-31 12281171 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12281171 d:RetainedEarningsAccumulatedLosses 2023-12-31 12281171 d:RetainedEarningsAccumulatedLosses 2023-01-01 12281171 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12281171 c:OrdinaryShareClass1 2024-12-31 12281171 c:OrdinaryShareClass1 2023-12-31 12281171 c:FRS102 2024-01-01 2024-12-31 12281171 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12281171 c:FullAccounts 2024-01-01 2024-12-31 12281171 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12281171 d:WithinOneYear 2024-12-31 12281171 d:WithinOneYear 2023-12-31 12281171 2 2024-01-01 2024-12-31 12281171 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12281171










GAITQ LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GAITQ LIMITED
REGISTERED NUMBER: 12281171

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
35,417
53,304

  
35,417
53,304

Current assets
  

Stocks
  
125,567
66,364

Debtors: amounts falling due within one year
 5 
406,255
127,596

Cash at bank and in hand
 6 
136,134
345,068

  
667,956
539,028

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(445,964)
(162,557)

Total assets less current liabilities
  
 
 
257,409
 
 
429,775

  

Net assets
  
257,409
429,775


Capital and reserves
  

Called up share capital 
 8 
1,434
1,384

Share premium account
  
2,803,981
2,653,730

Profit and loss account
  
(2,548,006)
(2,225,339)

  
257,409
429,775


Page 1

 
GAITQ LIMITED
REGISTERED NUMBER: 12281171

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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: 




S C Godwin
Director

Date: 11 August 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
GAITQ LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


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

£
£
£
£


At 1 January 2023
1,046
1,979,068
(1,672,407)
307,707



Loss for the year
-
-
(552,932)
(552,932)

Shares issued during the year
338
674,662
-
675,000



At 1 January 2024
1,384
2,653,730
(2,225,339)
429,775



Loss for the year
-
-
(322,667)
(322,667)

Shares issued during the year
50
150,251
-
150,301


At 31 December 2024
1,434
2,803,981
(2,548,006)
257,409


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
GAITQ LIMITED
 

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

1.


General information

GaitQ Limited is a company limited by shares and incorporated in England & Wales. The address of its registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, United Kingdom, RG19 6AB.

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

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'.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 4

 
GAITQ LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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 balance sheet date in the countries where the Company operates and generates income.


 
2.8

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
-
33%
Straight-line method
Office equipment
-
33%
Straight-line method
Computer equipment
-
33%
Straight-line method
Lab equipment
-
33%
Straight-line method

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.

Page 5

 
GAITQ LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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 balance sheet 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 11).

Page 6

 
GAITQ LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Lab equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
48,575
398
20,104
4,704
73,781


Additions
-
-
2,372
3,064
5,436


Disposals
-
-
(1,340)
-
(1,340)



At 31 December 2024

48,575
398
21,136
7,768
77,877



Depreciation


At 1 January 2024
8,095
319
11,123
940
20,477


Charge for the year on owned assets
16,192
66
4,165
2,900
23,323


Disposals
-
-
(1,340)
-
(1,340)



At 31 December 2024

24,287
385
13,948
3,840
42,460



Net book value



At 31 December 2024
24,288
13
7,188
3,928
35,417


5.


Debtors

2024
2023
£
£


Trade debtors
120,833
-

Other debtors
11,477
19,013

Prepayments and accrued income
19,080
108,583

Tax recoverable
254,865
-

406,255
127,596



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
136,134
345,068


Page 7

 
GAITQ LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
220,000
-

Trade creditors
88,057
16,973

Other taxation and social security
57,308
19,980

Other creditors
6,619
51,335

Accruals and deferred income
73,980
74,269

445,964
162,557


Other loans consist of a loan from a director which is unsecured and accrues interest of 4% from time to time.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,434,006 (2023 - 1,382,506) Ordinary shares of £0.001 each
1,434
1,384


During the year, 51,500 Ordinary shares of £0.001 each were issued for a total consideration of £150,300. 


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 £11,395 (2023 - £8,758). Contributions totalling £3,359 (2023 - £2,161) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
14,792
19,332

14,792
19,332


Page 8