Caseware UK (AP4) 2024.0.164 2024.0.164 false2024-01-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01998810 2024-01-01 2024-12-31 01998810 2023-01-01 2023-12-31 01998810 2024-12-31 01998810 2023-12-31 01998810 c:Director1 2024-01-01 2024-12-31 01998810 d:OfficeEquipment 2024-01-01 2024-12-31 01998810 d:OfficeEquipment 2024-12-31 01998810 d:OfficeEquipment 2023-12-31 01998810 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01998810 d:CurrentFinancialInstruments 2024-12-31 01998810 d:CurrentFinancialInstruments 2023-12-31 01998810 d:Non-currentFinancialInstruments 2024-12-31 01998810 d:Non-currentFinancialInstruments 2023-12-31 01998810 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01998810 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01998810 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01998810 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01998810 d:ShareCapital 2024-12-31 01998810 d:ShareCapital 2023-12-31 01998810 d:CapitalRedemptionReserve 2024-12-31 01998810 d:CapitalRedemptionReserve 2023-12-31 01998810 d:RetainedEarningsAccumulatedLosses 2024-12-31 01998810 d:RetainedEarningsAccumulatedLosses 2023-12-31 01998810 c:OrdinaryShareClass1 2024-01-01 2024-12-31 01998810 c:OrdinaryShareClass1 2024-12-31 01998810 c:OrdinaryShareClass1 2023-12-31 01998810 c:FRS102 2024-01-01 2024-12-31 01998810 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01998810 c:FullAccounts 2024-01-01 2024-12-31 01998810 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01998810 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01998810













Typex (UK) Limited

Financial statements
Information for filing with the registrar

31 December 2024




 
Typex (UK) Limited


Balance sheet
At 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
979
1,247

  
979
1,247

Current assets
  

Stocks
  
1,277
1,277

Debtors
 6 
2,916
8,420

Cash at bank and in hand
  
49,863
47,223

  
54,056
56,920

Creditors: amounts falling due within one year
 7 
(17,072)
(15,683)

Net current assets
  
 
 
36,984
 
 
41,237

Total assets less current liabilities
  
37,963
42,484

Creditors: amounts falling due after more than one year
 8 
(833)
(2,833)

  

Net assets
  
37,130
39,651


Capital and reserves
  

Called up share capital 
 9 
1
1

Capital redemption reserve
  
2,888
2,888

Profit and loss account
  
34,241
36,762

Shareholders' funds
  
37,130
39,651


1

 
Typex (UK) Limited

    
Balance sheet (continued)
At 31 December 2024

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 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 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 16 July 2025.




P R L Doyle
Director

Company registered number: 01998810
The notes on pages 3 to 8 form part of these financial statements. 
2

 
Typex (UK) Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 63 Church Way, North Shields, Tyne & Wear, NE29 0AE.

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

Revenue

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.3

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.

 
2.4

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.

3

 
Typex (UK) Limited
 

 
Notes to the financial statements
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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.

 
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
-
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.

4

 
Typex (UK) Limited
 

 
Notes to the financial statements
Year ended 31 December 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 bank and other third parties, loans to related parties and investments in ordinary shares. 


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.
Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.


4.


Employees

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

5

 
Typex (UK) Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
4,402


Additions
633



At 31 December 2024

5,035



Depreciation


At 1 January 2024
3,155


Charge for the year
901



At 31 December 2024

4,056



Net book value



At 31 December 2024
979



At 31 December 2023
1,247

6

 
Typex (UK) Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,758
8,263

Other debtors
50
49

Prepayments and accrued income
108
108

2,916
8,420



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
2,000
2,000

Trade creditors
3,308
3,362

Other taxation and social security
4,031
3,960

Other creditors
3,679
3,376

Accruals and deferred income
4,054
2,985

17,072
15,683



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
833
2,833

833
2,833


7

 
Typex (UK) Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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


 
8