Caseware UK (AP4) 2024.0.164 2024.0.164 0 0 2024-01-24 false true false manufacture of other special-purpose machinery true 15439030 2024-01-23 15439030 2024-01-24 2025-03-31 15439030 2023-01-24 2024-01-23 15439030 2025-03-31 15439030 c:Director2 2024-01-24 2025-03-31 15439030 d:Goodwill 2024-01-24 2025-03-31 15439030 d:Goodwill 2025-03-31 15439030 d:CurrentFinancialInstruments 2025-03-31 15439030 d:Non-currentFinancialInstruments 2025-03-31 15439030 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 15439030 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 15439030 d:ShareCapital 2025-03-31 15439030 d:RetainedEarningsAccumulatedLosses 2025-03-31 15439030 c:OrdinaryShareClass1 2024-01-24 2025-03-31 15439030 c:OrdinaryShareClass1 2025-03-31 15439030 c:FRS102 2024-01-24 2025-03-31 15439030 c:Audited 2024-01-24 2025-03-31 15439030 c:FullAccounts 2024-01-24 2025-03-31 15439030 c:PrivateLimitedCompanyLtd 2024-01-24 2025-03-31 15439030 c:SmallCompaniesRegimeForAccounts 2024-01-24 2025-03-31 15439030 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2024-01-24 2025-03-31 15439030 2 2024-01-24 2025-03-31 15439030 6 2024-01-24 2025-03-31 15439030 d:Goodwill d:OwnedIntangibleAssets 2024-01-24 2025-03-31 15439030 e:PoundSterling 2024-01-24 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15439030 Woodfield Systems United Limited Financial statements Information for filing with the registrar For the period ended 31 March 2025
Woodfield Systems United Limited Registered number: 15439030 Balance Sheet As at 31 March 2025
|  | 31 March
|  | 2025
Note |  | £
Fixed assets |  |  |
Intangible assets | 4 |  | 63,000
Investments | 5 |  | 1
|  |  | 63,001
Current assets |  |  |
Debtors: amounts falling due within one year | 6 | 8,303 |
Cash at bank and in hand | 7 | 67,659 |
|  | 75,962 |
Creditors: amounts falling due within one year | 8 | (44,957) |
Net current assets |  |  | 31,005
Total assets less current liabilities |  |  | 94,006
Creditors: amounts falling due after more than one year | 9 |  | (100,000)
Net (liabilities)/assets |  |  | (5,994)
Capital and reserves |  |  |
Called up share capital | 10 |  | 1,000
Profit and loss account |  |  | (6,994)
|  |  | (5,994)
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 by:
G Reddecliffe
Director
Date: 8 August 2025
The notes on pages 2 to 8 form part of these financial statements. Page 1
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025
1. | General information
Woodfield Systems United Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 15439030. The address of the registered office is Marine House, Tyler Way, Whitstable, Kent, CT5 2RS. 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 financial statements are presented in pounds sterling and rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company meets its day to day working capital requirements through loans from the group. The group will continue to financially support the company for its working capital requirements until the company is able to pay its own obligations in the ordinary course of business. After making enquiries, the directors believe that the company will have adequate resources together with the continued support of fellow group companies to continue in operational existence for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | 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'. Page 2
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 10 years. Page 3
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025 2.Accounting policies (continued)
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 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 | 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.
| 2.11 | 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. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments. Page 4
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.12 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration.
Page 5
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| Additions | 70,000
| At 31 March 2025 | 70,000
| Amortisation |
| Charge for the period on owned assets | 7,000
| At 31 March 2025 | 7,000
| Net book value |
| At 31 March 2025 | 63,000
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| Additions | 1
| At 31 March 2025 | 1
6. | Debtors
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Other debtors | 8,303
|  | 8,303
Page 6
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025
7. | Cash and cash equivalents
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 67,659
|  | 67,659
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts owed to group undertakings | 44,957
|  | 44,957
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts owed to group undertakings | 100,000
|  | 100,000
10. | Share capital
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 1,000 Ordinary shares of £1.00 each | 1,000
During the period, the company issued 1,000 ordinary shares at par.
11. | Controlling party
The parent of the smallest group containing the company for which consolidated financial statements are drawn up is Woodfield Systems International Private Ltd, a company registered in India whose registered office is 2-A, 3rd Floor, Nitco Biz Park, Plot No. C-19, Road No. 16u, Wagle Industrial Estate Na Thane, Thane, Mh 400604, India. Page 7
Woodfield Systems United Limited Notes to the Financial Statements For the Period Ended 31 March 2025
12. | Auditors' information
The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified. The audit report was signed on 8 August 2025 by Mark Attwood FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.
Page 8