Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseOther professional, scientific and technical activities89falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11062695 2023-12-01 2024-11-30 11062695 2022-12-01 2023-11-30 11062695 2024-11-30 11062695 2023-11-30 11062695 c:Director2 2023-12-01 2024-11-30 11062695 d:ComputerEquipment 2023-12-01 2024-11-30 11062695 d:ComputerEquipment 2024-11-30 11062695 d:ComputerEquipment 2023-11-30 11062695 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 11062695 d:ComputerSoftware 2024-11-30 11062695 d:ComputerSoftware 2023-11-30 11062695 d:CurrentFinancialInstruments 2024-11-30 11062695 d:CurrentFinancialInstruments 2023-11-30 11062695 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11062695 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11062695 d:ShareCapital 2024-11-30 11062695 d:ShareCapital 2023-11-30 11062695 d:RetainedEarningsAccumulatedLosses 2024-11-30 11062695 d:RetainedEarningsAccumulatedLosses 2023-11-30 11062695 c:FRS102 2023-12-01 2024-11-30 11062695 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11062695 c:FullAccounts 2023-12-01 2024-11-30 11062695 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11062695 d:WithinOneYear 2024-11-30 11062695 d:WithinOneYear 2023-11-30 11062695 2 2023-12-01 2024-11-30 11062695 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 11062695









SECTOR & SEGMENT GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
SECTOR & SEGMENT GROUP LTD
REGISTERED NUMBER: 11062695

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
836
1,254

  
836
1,254

Current assets
  

Debtors: amounts falling due within one year
 7 
167,108
103,348

Cash at bank and in hand
 8 
58,223
126,765

  
225,331
230,113

Creditors: amounts falling due within one year
 9 
(116,877)
(63,304)

Net current assets
  
 
 
108,454
 
 
166,809

Total assets less current liabilities
  
109,290
168,063

Provisions for liabilities
  

Deferred tax
  
-
(171)

  
 
 
-
 
 
(171)

Net assets
  
109,290
167,892


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
109,190
167,792

  
109,290
167,892


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 profit and loss account 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: 

Page 1

 
SECTOR & SEGMENT GROUP LTD
REGISTERED NUMBER: 11062695
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024




Mr Nuno Gomes Branco
Director

Date: 29 August 2025

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

Page 2

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Sector & Segment Group Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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

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.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Interest income

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

Page 3

 
SECTOR & SEGMENT GROUP LTD
 
 
 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year 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 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.


Page 4

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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

Development costs

Internally generated software is amortised over a 3 year period.

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Reducing Balance

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).

Page 6

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Intangible assets




Computer software

£



Cost


At 1 December 2023
143,765



At 30 November 2024

143,765



Amortisation


At 1 December 2023
143,765



At 30 November 2024

143,765



Net book value



At 30 November 2024
-



At 30 November 2023
-



Page 7

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 December 2023
4,875



At 30 November 2024

4,875



Depreciation


At 1 December 2023
3,621


Charge for the year on owned assets
418



At 30 November 2024

4,039



Net book value



At 30 November 2024
836



At 30 November 2023
1,254


7.


Debtors

2024
2023
£
£


Trade debtors
86,853
10

Other debtors
50,918
48,466

Prepayments and accrued income
29,274
49,748

Tax recoverable
-
5,124

Deferred taxation
63
-

167,108
103,348


Page 8

 
SECTOR & SEGMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
58,223
126,765

58,223
126,765



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,761
1,720

Corporation tax
8,688
43,227

Other taxation and social security
7,407
14,772

Other creditors
1,167
1,335

Accruals and deferred income
95,854
2,250

116,877
63,304



10.


Commitments under operating leases

At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
4,400

-
4,400


11.


Related party transactions

In other debtors, there is a directors loan balance of £45,187 (2023: £45,666). This loan is interest free and was repaid within 9 months from the balance sheet date.


12.


Controlling party

The ultimate controlling party was N Branco. The ultimate parent company was Sector & Segment Group Holding Ltd.

 
Page 9