Caseware UK (AP4) 2023.0.135 2023.0.135 Other retail sale in non-specialised stores2024-01-01false58falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06432399 2024-01-01 2024-12-31 06432399 2024-12-31 06432399 2023-12-31 06432399 2024-01-01 2024-12-31 06432399 2023-01-01 2023-12-31 06432399 2024-12-31 06432399 2023-12-31 06432399 1 2024-01-01 2024-12-31 06432399 d:Director1 2024-01-01 2024-12-31 06432399 c:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 06432399 c:OtherPropertyPlantEquipment 2024-12-31 06432399 c:OtherPropertyPlantEquipment 2023-12-31 06432399 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06432399 c:ComputerSoftware 2024-12-31 06432399 c:ComputerSoftware 2023-12-31 06432399 c:CurrentFinancialInstruments 2024-12-31 06432399 c:CurrentFinancialInstruments 2023-12-31 06432399 c:Non-currentFinancialInstruments 2024-12-31 06432399 c:Non-currentFinancialInstruments 2023-12-31 06432399 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 06432399 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 06432399 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 06432399 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 06432399 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-12-31 06432399 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-12-31 06432399 c:ShareCapital 2024-12-31 06432399 c:ShareCapital 2023-12-31 06432399 c:RetainedEarningsAccumulatedLosses 2024-12-31 06432399 c:RetainedEarningsAccumulatedLosses 2023-12-31 06432399 d:FRS102 2024-01-01 2024-12-31 06432399 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06432399 d:FullAccounts 2024-01-01 2024-12-31 06432399 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06432399 c:ComputerSoftware c:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 06432399 c:ComputerSoftware c:OwnedIntangibleAssets 2024-01-01 2024-12-31 06432399 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 06432399









SUBHIDA UK LTD








Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
SUBHIDA UK LTD
Registered number: 06432399

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
59,531
24,000

Tangible assets
 6 
12,235
15,541

  
71,766
39,541

Current assets
  

Debtors: amounts falling due within one year
 7 
162,461
14,224

Cash at bank and in hand
 8 
101,622
238,000

  
264,083
252,224

Creditors: amounts falling due within one year
 9 
(138,101)
(11,341)

Net current assets
  
 
 
125,982
 
 
240,883

Total assets less current liabilities
  
197,748
280,424

Creditors: amounts falling due after more than one year
 10 
(11,184)
(13,514)

  

Net assets
  
186,564
266,910


Capital and reserves
  

Called up share capital 
  
376,000
376,000

Profit and loss account
  
(189,436)
(109,090)

  
186,564
266,910


Page 1

 
SUBHIDA UK LTD
Registered number: 06432399
    
Statement of financial position (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 on 18 August 2025.




Kamal Paudel
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

The company is private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is   and has its registered office address at Pentax House, South Hill Avenue, South Harrow, England, HA2 0DU.

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'.

Page 3

 
SUBHIDA UK LTD
 
 
 
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:

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.

Turnover comprises of revenue from remittance transactions i.e. transaction fee, commission etc. which are recognised when the transaction is approved by the company for forward remittance and is not likely to be cancelled/ refunded.

 
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

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.

 
2.6

Borrowing costs

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

Page 4

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
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

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

Page 5

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

4.


Employees

2024
£

Wages and salaries
34,030

Cost of defined contribution scheme
1,219

35,249


The average monthly number of employees, including directors, during the year was 5 (2023 - 8).


5.


Intangible assets




Computer software

£



Cost


At 1 January 2024
30,000


Additions
51,914



At 31 December 2024

81,914



Amortisation


At 1 January 2024
6,000


Charge for the year on owned assets
16,383



At 31 December 2024

22,383



Net book value



At 31 December 2024
59,531



At 31 December 2023
24,000



Page 6

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

6.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2024
46,542


Additions
724



At 31 December 2024

47,266



Depreciation


At 1 January 2024
31,001


Charge for the year on owned assets
4,030



At 31 December 2024

35,031



Net book value



At 31 December 2024
12,235

Page 7

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

7.


Debtors

2024
2023
£
£


Trade debtors
26,389
-

Other debtors
136,072
14,224

162,461
14,224



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
101,622
238,000

101,622
238,000



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,323
2,323

Other taxation and social security
-
3,456

Other creditors
134,278
4,062

Accruals and deferred income
1,500
1,500

138,101
11,341



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,184
13,514

11,184
13,514


Page 8

 
SUBHIDA UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,323
2,323


2,323
2,323


Amounts falling due 2-5 years

Bank loans
11,184
13,514


11,184
13,514


13,507
15,837


Bank loan represent Bounce Back Loan which is unsecured, carries interest @2.5% and repayable by monthly installments.


12.


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 £1,219 (2023:£1,733). Contributions totaling £249 (2023: £656) were payable to the fund at the reporting date and are included in other creditors. 


13.


Post balance sheet events

On 25 April 2025 the Company issued 376,000 ordinary shares of £1 each at par. After this issue, total share capital of the company stands at  £752,000. 


14.


Controlling party

The company is controlled by the directors. 

 
Page 9