Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseThe principal activity of the company continued to be that of selling motor vehicles.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07821758 2024-01-01 2024-12-31 07821758 2023-01-01 2023-12-31 07821758 2024-12-31 07821758 2023-12-31 07821758 c:Director5 2024-01-01 2024-12-31 07821758 d:PlantMachinery 2024-01-01 2024-12-31 07821758 d:FurnitureFittings 2024-01-01 2024-12-31 07821758 d:FurnitureFittings 2024-12-31 07821758 d:FurnitureFittings 2023-12-31 07821758 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07821758 d:ComputerEquipment 2024-01-01 2024-12-31 07821758 d:ComputerEquipment 2024-12-31 07821758 d:ComputerEquipment 2023-12-31 07821758 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07821758 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07821758 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07821758 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07821758 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07821758 d:CurrentFinancialInstruments 2024-12-31 07821758 d:CurrentFinancialInstruments 2023-12-31 07821758 d:Non-currentFinancialInstruments 2024-12-31 07821758 d:Non-currentFinancialInstruments 2023-12-31 07821758 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07821758 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07821758 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07821758 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07821758 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 07821758 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07821758 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 07821758 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07821758 d:ShareCapital 2024-12-31 07821758 d:ShareCapital 2023-12-31 07821758 d:RetainedEarningsAccumulatedLosses 2024-12-31 07821758 d:RetainedEarningsAccumulatedLosses 2023-12-31 07821758 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07821758 c:OrdinaryShareClass1 2024-12-31 07821758 c:OrdinaryShareClass1 2023-12-31 07821758 c:FRS102 2024-01-01 2024-12-31 07821758 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07821758 c:FullAccounts 2024-01-01 2024-12-31 07821758 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07821758 d:WithinOneYear 2024-12-31 07821758 d:WithinOneYear 2023-12-31 07821758 d:BetweenOneFiveYears 2024-12-31 07821758 d:BetweenOneFiveYears 2023-12-31 07821758 d:MoreThanFiveYears 2024-12-31 07821758 d:MoreThanFiveYears 2023-12-31 07821758 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 07821758 2 2024-01-01 2024-12-31 07821758 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07821758 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07821758






REEMAQ STANDISH LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










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REEMAQ STANDISH LIMITED
REGISTERED NUMBER:07821758

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
175,281
80,231

Tangible assets
 5 
231
534

  
175,512
80,765

Current assets
  

Debtors
 6 
90,576
178,866

Cash at bank and in hand
 7 
170,811
217,650

  
261,387
396,516

Creditors: amounts falling due within one year
 8 
(139,906)
(154,430)

Net current assets
  
 
 
121,481
 
 
242,086

Total assets less current liabilities
  
296,993
322,851

Creditors: amounts falling due after more than one year
 9 
(9,038)
(19,025)

  

Net assets
  
287,955
303,826


Capital and reserves
  

Called up share capital 
 11 
3
3

Profit and loss account
  
287,952
303,823

  
287,955
303,826


Page 1

 
REEMAQ STANDISH LIMITED
REGISTERED NUMBER:07821758
    
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 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 by: 




S Withey
Director

Date: 5 August 2025

Page 2

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Reemaq Standish Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Building 101, Thurleigh Airfield Business Park, Thurleigh, Bedfordshire, MK44 2YP.
The principal activity of the company continued to be that of the provision of specialist digital solutions to the automotive industry.

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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 4

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


 
2.10

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.

 The estimated useful lives range as follows:

Development costs
-
3
years

 
2.11

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:

Plant and machinery
-
100%
straight line
Fixtures and fittings
-
33%
straight line
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.

 
2.12

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.

Page 5

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 6

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Development costs

£



Cost


At 1 January 2024
475,891


Additions
176,651



At 31 December 2024

652,542



Amortisation


At 1 January 2024
395,660


Charge for the year on owned assets
81,601



At 31 December 2024

477,261



Net book value



At 31 December 2024
175,281



At 31 December 2023
80,231



Page 7

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
1,410
874
2,284



At 31 December 2024

1,410
874
2,284



Depreciation


At 1 January 2024
1,395
355
1,750


Charge for the year on owned assets
15
288
303



At 31 December 2024

1,410
643
2,053



Net book value



At 31 December 2024
-
231
231



At 31 December 2023
15
519
534


6.


Debtors

2024
2023
£
£



Trade debtors
25,566
100,818

Other debtors
53,728
63,830

Prepayments and accrued income
6,862
14,218

Tax recoverable
4,420
-

90,576
178,866



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
170,811
217,650

170,811
217,650


Page 8

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,131
10,128

Trade creditors
33,054
38,082

Other taxation and social security
-
17,309

Other creditors
38,739
38,422

Accruals and deferred income
57,982
50,489

139,906
154,430



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,038
19,025

9,038
19,025



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,131
10,128

Amounts falling due 1-2 years

Bank loans
9,036
10,384

Amounts falling due 2-5 years

Bank loans
-
8,642


19,167
29,154


Page 9

 
REEMAQ STANDISH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



14 (2023 -14) Ordinary shares of £0.20 each
3
3





12.


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
48,200
48,200

Later than 1 year and not later than 5 years
192,800
192,800

Later than 5 years
113,182
161,382

354,182
402,382

 
Page 10