Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31true2023-09-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11500700 2023-09-01 2024-08-31 11500700 2022-09-01 2023-08-31 11500700 2024-08-31 11500700 2023-08-31 11500700 c:Director2 2023-09-01 2024-08-31 11500700 d:ComputerEquipment 2023-09-01 2024-08-31 11500700 d:ComputerEquipment 2024-08-31 11500700 d:ComputerEquipment 2023-08-31 11500700 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11500700 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 11500700 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 11500700 d:CurrentFinancialInstruments 2024-08-31 11500700 d:CurrentFinancialInstruments 2023-08-31 11500700 d:Non-currentFinancialInstruments 2024-08-31 11500700 d:Non-currentFinancialInstruments 2023-08-31 11500700 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11500700 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11500700 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11500700 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11500700 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 11500700 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 11500700 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 11500700 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11500700 d:ShareCapital 2024-08-31 11500700 d:ShareCapital 2023-08-31 11500700 d:RetainedEarningsAccumulatedLosses 2024-08-31 11500700 d:RetainedEarningsAccumulatedLosses 2023-08-31 11500700 c:FRS102 2023-09-01 2024-08-31 11500700 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11500700 c:FullAccounts 2023-09-01 2024-08-31 11500700 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11500700 2 2023-09-01 2024-08-31 11500700 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-09-01 2024-08-31 11500700 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 11500700










LUMITEL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LUMITEL LIMITED
REGISTERED NUMBER: 11500700

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
61,543
70,332

Tangible assets
 5 
1,077
1,708

  
62,620
72,040

Current assets
  

Debtors: amounts falling due within one year
 6 
63,247
58,640

Cash at bank and in hand
 7 
158,237
7,288

  
221,484
65,928

Creditors: amounts falling due within one year
 8 
(278,456)
(110,356)

Net current liabilities
  
 
 
(56,972)
 
 
(44,428)

Total assets less current liabilities
  
5,648
27,612

Creditors: amounts falling due after more than one year
 9 
(5,000)
(11,000)

  

Net assets
  
648
16,612


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
448
16,412

  
648
16,612


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 30 August 2025.


................................................
Ashley Bateup
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
LUMITEL LIMITED
 

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

1.


General information

Lumitel Limited is a private company, limited by shares and incorporated in England & Wales. The registered office is Trinity House, 3 Bullace Lane, Dartford, Kent DA1 1BB and the registered number is 11500700. The principal trading address is Old Ship Cottage, Red Street, Southfleet, Gravesend, Kent DA13 9QL.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

Page 2

 
LUMITEL LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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 of 10 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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.

 
2.9

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.

Page 3

 
LUMITEL LIMITED
 

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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:

Computer equipment
-
25%
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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 4

 
LUMITEL LIMITED
 

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

2.Accounting policies (continued)


2.15
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.16

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.


Employees

2024
2023
£
£

Wages and salaries
54,551
54,876

Social security costs
1,849
1,974

Cost of defined contribution scheme
1,162
1,163

57,562
58,013


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

Page 5

 
LUMITEL LIMITED
 

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

4.


Intangible assets




Development expenditure

£



Cost


At 1 September 2023
87,916



At 31 August 2024

87,916



Amortisation


At 1 September 2023
17,584


Charge for the year on owned assets
8,789



At 31 August 2024

26,373



Net book value



At 31 August 2024
61,543



At 31 August 2023
70,332




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2023
4,471



At 31 August 2024

4,471



Depreciation


At 1 September 2023
2,763


Charge for the year on owned assets
631



At 31 August 2024

3,394



Net book value



At 31 August 2024
1,077



At 31 August 2023
1,708

Page 6

 
LUMITEL LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
6,196
10,932

Other debtors
57,051
47,708

63,247
58,640



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
158,237
7,288



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,000

Trade creditors
16,200
27,000

Corporation tax
42,635
33,913

Other taxation and social security
72,151
30,822

Accruals and deferred income
141,470
12,621

278,456
110,356



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,000
11,000


Page 7

 
LUMITEL LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,000
6,000

Amounts falling due 1-2 years

Bank loans
5,000
6,000

Amounts falling due 2-5 years

Bank loans
-
5,000


11,000
17,000



11.


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 £1,162 (2023 - £1,163) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 8