Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30false2023-12-01falseNo description of principal activity58trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09890974 2023-12-01 2024-11-30 09890974 2022-12-01 2023-11-30 09890974 2024-11-30 09890974 2023-11-30 09890974 c:Director2 2023-12-01 2024-11-30 09890974 d:OfficeEquipment 2023-12-01 2024-11-30 09890974 d:OfficeEquipment 2024-11-30 09890974 d:OfficeEquipment 2023-11-30 09890974 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09890974 d:ComputerEquipment 2023-12-01 2024-11-30 09890974 d:ComputerEquipment 2024-11-30 09890974 d:ComputerEquipment 2023-11-30 09890974 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09890974 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09890974 d:PatentsTrademarksLicencesConcessionsSimilar 2024-11-30 09890974 d:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 09890974 d:CurrentFinancialInstruments 2024-11-30 09890974 d:CurrentFinancialInstruments 2023-11-30 09890974 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 09890974 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09890974 d:ShareCapital 2024-11-30 09890974 d:ShareCapital 2023-11-30 09890974 d:SharePremium 2024-11-30 09890974 d:SharePremium 2023-11-30 09890974 d:RetainedEarningsAccumulatedLosses 2024-11-30 09890974 d:RetainedEarningsAccumulatedLosses 2023-11-30 09890974 c:FRS102 2023-12-01 2024-11-30 09890974 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09890974 c:FullAccounts 2023-12-01 2024-11-30 09890974 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09890974 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-12-01 2024-11-30 09890974 2 2023-12-01 2024-11-30 09890974 6 2023-12-01 2024-11-30 09890974 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-12-01 2024-11-30 09890974 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company registration number: 09890974







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024


LUTHER SYSTEMS LIMITED






































img4a5a.png                        

 


LUTHER SYSTEMS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


LUTHER SYSTEMS LIMITED
REGISTERED NUMBER:09890974



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
As restated
 2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,400
-

Tangible assets
 5 
3,606
5,139

Investments
 6 
77
77

  
5,083
5,216

Current assets
  

Debtors: amounts falling due within one year
 7 
406,933
706,078

Cash at bank and in hand
  
373,537
23,305

  
780,470
729,383

Creditors: amounts falling due within one year
 8 
(105,979)
(113,772)

Net current assets
  
 
 
674,491
 
 
615,611

Total assets less current liabilities
  
679,574
620,827

  

Net assets
  
679,574
620,827


Capital and reserves
  

Called up share capital 
  
168
168

Share premium account
  
3,329,293
3,329,293

Profit and loss account
  
(2,649,887)
(2,708,634)

  
679,574
620,827


Page 1

 


LUTHER SYSTEMS LIMITED
REGISTERED NUMBER:09890974


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 on 29 August 2025.




H Kakavand
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


LUTHER SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Luther Systems Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements and there is no principle place of business.

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'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is generated by data processing, hosting and related activities and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

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

Page 3

 


LUTHER SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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

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.

 
2.7

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 reporting date in the countries where the company operates and generates income.


 
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

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 4

 


LUTHER SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.9
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
-
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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

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

Page 5

 


LUTHER SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Intangible assets




Patents

£



Cost


Additions
1,738



At 30 November 2024

1,738



Amortisation


Charge for the year on owned assets
338



At 30 November 2024

338



Net book value



At 30 November 2024
1,400



At 30 November 2023
-




5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
2,005
28,081
30,086


Additions
-
1,666
1,666



At 30 November 2024

2,005
29,747
31,752



Depreciation


At 1 December 2023
1,224
23,723
24,947


Charge for the year on owned assets
305
2,894
3,199



At 30 November 2024

1,529
26,617
28,146



Net book value



At 30 November 2024
476
3,130
3,606

Page 6

 


LUTHER SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
77



At 30 November 2024
77





7.


Debtors

2024
2023
£
£


Trade debtors
198,224
283,432

Other debtors
81,728
109,758

Prepayments and accrued income
10,200
12,500

Tax recoverable
116,781
300,388

406,933
706,078



8.


Creditors: Amounts falling due within one year

2024
As restated
 2023
£
£

Trade creditors
69,174
505

Corporation tax
-
12,610

Other taxation and social security
6,011
23,158

Other creditors
6,097
9,645

Accruals and deferred income
24,697
67,854

105,979
113,772



9.


Prior year adjustment

The details of corrections to classifications within the Statement of Financial Position are given as follows:
The prior year has been restated to correct the share premium account included in the Statement of Financial Position. Share premium account has increased by £306,000 and other creditors has decreased by £306,000.
There has been no change to profit after tax or Retained Earnings

 
Page 7