Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31No description of principal activity2024-01-24truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truefalse 15440257 2024-01-23 15440257 2024-01-24 2025-01-31 15440257 2023-02-01 2024-01-23 15440257 2025-01-31 15440257 c:CompanySecretary1 2024-01-24 2025-01-31 15440257 c:Director1 2024-01-24 2025-01-31 15440257 c:RegisteredOffice 2024-01-24 2025-01-31 15440257 d:OfficeEquipment 2024-01-24 2025-01-31 15440257 d:ComputerEquipment 2024-01-24 2025-01-31 15440257 d:ComputerEquipment 2025-01-31 15440257 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-24 2025-01-31 15440257 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 15440257 d:ShareCapital 2024-01-24 2025-01-31 15440257 d:ShareCapital 2025-01-31 15440257 d:RetainedEarningsAccumulatedLosses 2024-01-24 2025-01-31 15440257 d:RetainedEarningsAccumulatedLosses 2025-01-31 15440257 c:FRS102 2024-01-24 2025-01-31 15440257 c:AuditExempt-NoAccountantsReport 2024-01-24 2025-01-31 15440257 c:AbridgedAccounts 2024-01-24 2025-01-31 15440257 c:PrivateLimitedCompanyLtd 2024-01-24 2025-01-31 15440257 e:PoundSterling 2024-01-24 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 15440257









SECURE LOGIC LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2025

 
SECURE LOGIC LTD
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Statement of Changes in Equity
 
4
Notes to the Financial Statements
 
5 - 9

 
SECURE LOGIC LTD
 
 
COMPANY INFORMATION


Director
M D Mason 




Company secretary
D S Mason



Registered number
15440257



Registered office
The Workshop 1a
Peel Avenue

Bowden

Altrincham

England

WA14 2UG




Page 1

 
SECURE LOGIC LTD
REGISTERED NUMBER: 15440257

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
Note
£

Fixed assets
  

Tangible assets
 5 
9,487

  
9,487

Current assets
  

Debtors
  
232,824

Cash at bank and in hand
  
146,811

  
379,635

Creditors: amounts falling due within one year
  
(158,279)

Net current assets
  
 
 
221,356

Total assets less current liabilities
  
230,843

Provisions for liabilities
  

Deferred tax
  
(2,372)

  
 
 
(2,372)

Net assets
  
228,471


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
228,470

  
228,471


Page 2

 
SECURE LOGIC LTD
REGISTERED NUMBER: 15440257
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

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 period 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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: 




M D Mason
Director

Date: 13 August 2025

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
SECURE LOGIC LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
315,815
315,815
Total comprehensive income for the period
-
315,815
315,815


Contributions by and distributions to owners

Dividends: Equity capital
-
(87,345)
(87,345)

Shares issued during the period
1
-
1


Total transactions with owners
1
(87,345)
(87,344)


At 31 January 2025
1
228,470
228,471

The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
SECURE LOGIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

1.


General information

The company is a private company limited by shares, registered in England and Wales (company registration number: 15440257). The adress of the registered office is The Workshop, 1a Peel Avenue, Bowdon, Altrincham, England, WA14 2UG.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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:

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.

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.

Page 5

 
SECURE LOGIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

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.

Page 6

 
SECURE LOGIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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
-
20%
Computer equipment
-
20%

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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.

Page 7

 
SECURE LOGIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.


4.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 8

 
SECURE LOGIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

5.


Tangible fixed assets





Tangible Fixed Assets

£



Cost or valuation


Additions
10,884



At 31 January 2025

10,884



Depreciation


Charge for the period on owned assets
1,397



At 31 January 2025

1,397



Net book value



At 31 January 2025
9,487


6.


Transactions with directors

Included within debtors at the year end is a balance of £20,702 owed to the company by the director M Mason. Advances are interest free, secured and the balance was repaid after the year end.

Page 9