Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false12024-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06751637 2024-01-01 2024-12-31 06751637 2023-01-01 2023-12-31 06751637 2024-12-31 06751637 2023-12-31 06751637 c:Director2 2024-01-01 2024-12-31 06751637 d:OfficeEquipment 2024-01-01 2024-12-31 06751637 d:OfficeEquipment 2024-12-31 06751637 d:OfficeEquipment 2023-12-31 06751637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06751637 d:ComputerEquipment 2024-01-01 2024-12-31 06751637 d:ComputerEquipment 2024-12-31 06751637 d:ComputerEquipment 2023-12-31 06751637 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06751637 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06751637 d:CurrentFinancialInstruments 2024-12-31 06751637 d:CurrentFinancialInstruments 2023-12-31 06751637 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06751637 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06751637 d:ShareCapital 2024-12-31 06751637 d:ShareCapital 2023-12-31 06751637 d:RetainedEarningsAccumulatedLosses 2024-12-31 06751637 d:RetainedEarningsAccumulatedLosses 2023-12-31 06751637 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06751637 c:OrdinaryShareClass1 2024-12-31 06751637 c:OrdinaryShareClass1 2023-12-31 06751637 c:FRS102 2024-01-01 2024-12-31 06751637 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06751637 c:FullAccounts 2024-01-01 2024-12-31 06751637 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06751637 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06751637










ACCOUNTS PAYABLE NEWS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ACCOUNTS PAYABLE NEWS LTD
REGISTERED NUMBER: 06751637

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
181
-

  
181
-

Current assets
  

Debtors: amounts falling due within one year
 5 
20,488
19,748

Cash at bank and in hand
  
119,519
121,654

  
140,007
141,402

Creditors: amounts falling due within one year
 6 
(36,559)
(40,098)

Net current assets
  
 
 
103,448
 
 
101,304

Total assets less current liabilities
  
103,629
101,304

  

Net assets
  
103,629
101,304


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
103,628
101,303

  
103,629
101,304


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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

Page 1

 
ACCOUNTS PAYABLE NEWS LTD
REGISTERED NUMBER: 06751637

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E J Leith
Director

Date: 20 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ACCOUNTS PAYABLE NEWS LTD
 

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

1.


General information

Accounts Payable News Ltd is a private Company limited by share capital and incorporated in England and Wales. The address of its registered office is Quadrant House, Broad Street Mall, Reading, Berkshire, RG1 7QE.

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

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.

 
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 for services supplied, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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.

Page 3

 
ACCOUNTS PAYABLE NEWS LTD
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Office equipment
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
ACCOUNTS PAYABLE NEWS LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
-
885
885


Additions
250
-
250



At 31 December 2024

250
885
1,135



Depreciation


At 1 January 2024
-
885
885


Charge for the year on owned assets
69
-
69



At 31 December 2024

69
885
954



Net book value



At 31 December 2024
181
-
181



At 31 December 2023
-
-
-

Page 5

 
ACCOUNTS PAYABLE NEWS LTD
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
1,057
15,600

Other debtors
2,200
-

Prepayments and accrued income
17,231
4,148

20,488
19,748



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
2,498
1,725

Amounts owed to group undertakings
1,080
1,080

Corporation tax
32
127

Other taxation and social security
1,234
4,690

Other creditors
22,875
23,000

Accruals and deferred income
8,840
9,476

36,559
40,098



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


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 charge represents contributions payable by the Company to the fund and amounted to £2,712 (2023: £2,437). 


9.


Related party transactions

The company is exempt under section 1A of FRS 102 from disclosing related party transactions with entities that are part of the group headed by Fiscaltec Group Limited by virtue of FRS 102 Section 33.1A. 


10.


Controlling party

The immediate and ultimate Parent company is Fiscaltec Group Limited.


Page 6