Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true 2024-01-01 false Online media activities 4 4 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09306540 2024-01-01 2024-12-31 09306540 2023-01-01 2023-12-31 09306540 2024-12-31 09306540 2023-12-31 09306540 2023-01-01 09306540 c:Director5 2024-01-01 2024-12-31 09306540 d:CurrentFinancialInstruments 2024-12-31 09306540 d:CurrentFinancialInstruments 2023-12-31 09306540 d:Non-currentFinancialInstruments 2024-12-31 09306540 d:Non-currentFinancialInstruments 2023-12-31 09306540 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09306540 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09306540 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09306540 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09306540 d:ShareCapital 2024-12-31 09306540 d:ShareCapital 2023-12-31 09306540 d:ShareCapital 2023-01-01 09306540 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09306540 d:RetainedEarningsAccumulatedLosses 2024-12-31 09306540 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09306540 d:RetainedEarningsAccumulatedLosses 2023-12-31 09306540 d:RetainedEarningsAccumulatedLosses 2023-01-01 09306540 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09306540 c:OrdinaryShareClass1 2024-12-31 09306540 c:OrdinaryShareClass1 2023-12-31 09306540 c:OrdinaryShareClass2 2024-01-01 2024-12-31 09306540 c:OrdinaryShareClass2 2024-12-31 09306540 c:OrdinaryShareClass2 2023-12-31 09306540 c:OrdinaryShareClass3 2024-01-01 2024-12-31 09306540 c:OrdinaryShareClass3 2024-12-31 09306540 c:OrdinaryShareClass3 2023-12-31 09306540 c:OrdinaryShareClass4 2024-01-01 2024-12-31 09306540 c:OrdinaryShareClass4 2024-12-31 09306540 c:OrdinaryShareClass4 2023-12-31 09306540 c:OrdinaryShareClass5 2024-01-01 2024-12-31 09306540 c:OrdinaryShareClass5 2024-12-31 09306540 c:OrdinaryShareClass5 2023-12-31 09306540 c:FRS102 2024-01-01 2024-12-31 09306540 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09306540 c:FullAccounts 2024-01-01 2024-12-31 09306540 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09306540 d:WithinOneYear 2024-12-31 09306540 d:WithinOneYear 2023-12-31 09306540 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09306540 ON THE TOOLS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
ON THE TOOLS LTD REGISTERED NUMBER: 09306540 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 347,308 |  | 429,843 |
Cash at bank and in hand |  | 4,005 |  | 53,346 |
|  | 351,313 |  | 483,189 |
Creditors: amounts falling due within one year | 5 | (61,903) |  | (135,725) |
Net current assets |  |  | 289,410 |  | 347,464
Total assets less current liabilities |  |  | 289,410 |  | 347,464
Creditors: amounts falling due after more than one year | 6 |  | (23,191) |  | (78,852)
Net assets |  |  | 266,219 |  | 268,612
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  |  | 266,119 |  | 268,512
|  |  | 266,219 |  | 268,612
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 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 24 September 2025.
Mr L Wilcox
Page 1
ON THE TOOLS LTD REGISTERED NUMBER: 09306540 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024
Director
The notes on pages 4 to 8 form part of these financial statements. Page 2
ON THE TOOLS LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2023 | 100 | 271,596 | 271,696
Comprehensive income for the year |  |  |
Loss for the year | - | (3,084) | (3,084)
At 1 January 2024 | 100 | 268,512 | 268,612
Comprehensive income for the year |  |  |
Loss for the year | - | (2,393) | (2,393)
At 31 December 2024 | 100 | 266,119 | 266,219
| The notes on pages 4 to 8 form part of these financial statements.
Page 3
ON THE TOOLS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
On The Tools Ltd, is a private company, limited by shares, registered in England and Wales. The Company's registered office address is 416, Fort Dunlop, Fort Parkway, Birmingham, B24, 9FD. The Company registration number is 09306540. 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 | Transaction and balances
Functional and presentation currency The Company's functional and presentational currency is GBP. Monetary amounts in these financial statements are rounded to the nearest £. 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. 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 the Statement of Comprehensive Income. Page 4
ON THE TOOLS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.
| 2.5 | Finance costs
Finance costs are charged to the Statement of Comprehensive Income 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 | Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, 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. Page 5
ON THE TOOLS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Creditors
Short-term creditors are measured at the transaction price.
| 2.10 | Financial instruments
The Company only enters into basis financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 19,200 | 84,000
| Amounts owed by group undertakings | 321,692 | 340,451
| Other debtors | 6,416 | 5,392
|  | 347,308 | 429,843
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loan | 55,660 | 55,660
| Trade creditors | - | 72,680
| Other creditors | 6,243 | 6,243
| Accruals and deferred income | - | 1,142
|  | 61,903 | 135,725
| Secured Loans The bank loan is secured by a fixed and floating charge over the assets of the company.
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ON THE TOOLS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loan | 23,191 | 78,852
| Secured Loans The bank loan is secured by a fixed and floating charge over the assets of the company.
7. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 22 (2023 - 22) A Ordinary shares of £1.00 each | 22 | 22
|  | 22 (2023 - 22) B Ordinary shares of £1.00 each | 22 | 22
|  | 23 (2023 - 23) C Ordinary shares of £1.00 each | 23 | 23
|  | 14 (2023 - 14) D Ordinary shares of £1.00 each | 14 | 14
|  | 19 (2023 - 19) E Ordinary shares of £1.00 each | 19 | 19
|  |  | 100 | 100
8. | Commitments under operating leases
| At 31 December 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 | - | 133,951
|  | - | 133,951
9.Other financial commitments A group VAT registration is in force. The company is jointly and severally liable for the amount of VAT owed by Electric House Group Limited. At the balance sheet date, this amounted to £68,925 (2023: £156,855). VAT is up to date and has been paid post year end.
10. | Related party transactions
| The Company has taken advantage of the exemption not to disclose transactions entered into between two members of a group provided that any subsidiary which is a party to the transaction is wholly owned.
Page 7
ON THE TOOLS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Parent company
The Company is controlled by its parent Company, Electric House Group Limited, which owns 100% of the issued share capital. The parent's registered office address is 416 Fort Dunlop, Fort Parkway, Birmingham, West Midlands, B24 9FD. There is no single controlling party of the parent Company Electric House Group Limited.
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