Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-31 2024-08-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01 7 false No description of principal activity 13 true true false 11193074 2023-09-01 2024-08-31 11193074 2022-09-01 2023-08-31 11193074 2024-08-31 11193074 2023-08-31 11193074 c:Director4 2023-09-01 2024-08-31 11193074 d:PlantMachinery 2023-09-01 2024-08-31 11193074 d:PlantMachinery 2024-08-31 11193074 d:PlantMachinery 2023-08-31 11193074 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11193074 d:OfficeEquipment 2023-09-01 2024-08-31 11193074 d:OfficeEquipment 2024-08-31 11193074 d:OfficeEquipment 2023-08-31 11193074 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11193074 d:ComputerEquipment 2023-09-01 2024-08-31 11193074 d:ComputerEquipment 2024-08-31 11193074 d:ComputerEquipment 2023-08-31 11193074 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11193074 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11193074 d:CurrentFinancialInstruments 2024-08-31 11193074 d:CurrentFinancialInstruments 2023-08-31 11193074 d:Non-currentFinancialInstruments 2024-08-31 11193074 d:Non-currentFinancialInstruments 2023-08-31 11193074 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11193074 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11193074 d:ShareCapital 2024-08-31 11193074 d:ShareCapital 2023-08-31 11193074 d:RetainedEarningsAccumulatedLosses 2024-08-31 11193074 d:RetainedEarningsAccumulatedLosses 2023-08-31 11193074 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 11193074 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 11193074 d:RetirementBenefitObligationsDeferredTax 2024-08-31 11193074 d:RetirementBenefitObligationsDeferredTax 2023-08-31 11193074 c:OrdinaryShareClass1 2023-09-01 2024-08-31 11193074 c:OrdinaryShareClass1 2024-08-31 11193074 c:OrdinaryShareClass1 2023-08-31 11193074 c:OrdinaryShareClass2 2023-09-01 2024-08-31 11193074 c:OrdinaryShareClass2 2024-08-31 11193074 c:OrdinaryShareClass2 2023-08-31 11193074 c:FRS102 2023-09-01 2024-08-31 11193074 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11193074 c:FullAccounts 2023-09-01 2024-08-31 11193074 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11193074 d:WithinOneYear 2024-08-31 11193074 d:WithinOneYear 2023-08-31 11193074 d:BetweenOneFiveYears 2024-08-31 11193074 d:BetweenOneFiveYears 2023-08-31 11193074 2 2023-09-01 2024-08-31 11193074 6 2023-09-01 2024-08-31 11193074 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11193074 CTAG LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2024
CTAG LIMITED REGISTERED NUMBER: 11193074 BALANCE SHEET AS AT 31 AUGUST 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 34,761 |  | 75,444
Investments |  |  | 1,037 |  | 1,037
|  |  | 35,798 |  | 76,481
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 6 | - |  | 1,784,133 |
Debtors: amounts falling due within one year | 6 | 4,672,872 |  | 8,576,497 |
Cash at bank and in hand |  | 3,565,542 |  | 3,209,070 |
|  | 8,238,414 |  | 13,569,700 |
Creditors: amounts falling due within one year | 7 | (7,892,923) |  | (8,827,239) |
Net current assets |  |  | 345,491 |  | 4,742,461
Total assets less current liabilities |  |  | 381,289 |  | 4,818,942
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (8,617) |  | (18,639) |
|  |  | (8,617) |  | (18,639)
Net assets |  |  | 372,672 |  | 4,800,303
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | 372,572 |  | 4,800,203
|  |  | 372,672 |  | 4,800,303
Page 1
CTAG LIMITED REGISTERED NUMBER: 11193074 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 20 February 2026.
C E Lucas
Director
The notes on pages 3 to 12 form part of these financial statements. Page 2
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. | General information
CTAG Limited is a private company, limited by shares and incorporated in England and Wales. The company regsitration number is 11193074 and the registered office is Mayden House, Long Bennington Business Park, Long Bennington, Newark, Nottinghamshire, NG23 5JR. CTAG Limited is also a member of a group. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
During the year, the company's primary contract ceased and therefore led to the reduction in sales. The directors consider that the resources available to the Company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern
| 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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 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. The Company engages in a range of contracts, some of which have a fixed revenue spread over the life of the contract. Revenue from other contracts is dependent on costs incurred and revenue is recognised once the project is fully complete.
| 2.5 | 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.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | 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.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | 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.
| 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. Page 5
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2.Accounting policies (continued)
| 2.11 | 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:
|  |  |  | Plant and machinery | - | 20% |
|  |  |  | Office equipment | - | 20% |
|  |  |  | Computer equipment | - | 33% |
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 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | 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.
| 2.16 | 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. Page 6
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2.Accounting policies (continued)
| 2.17 | 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. 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. Page 7
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2.Accounting policies (continued)
| 2.17 | Financial instruments (continued)
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. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2024 | 2023
|  |  | No. | No.
|  | Employees | 7 | 13
Page 8
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
4. | Tangible fixed assets
|  | Plant and machinery | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 September 2023 | 163,417 | 37,964 | 97,803 | 299,184
| Additions | - | 1,313 | 5,567 | 6,880
| At 31 August 2024 | 163,417 | 39,277 | 103,370 | 306,064
| Depreciation |  |  |  |
| At 1 September 2023 | 113,680 | 24,269 | 85,790 | 223,739
| Charge for the year on owned assets | 32,683 | 7,170 | 7,711 | 47,564
| At 31 August 2024 | 146,363 | 31,439 | 93,501 | 271,303
| Net book value |  |  |  |
| At 31 August 2024 | 17,054 | 7,838 | 9,869 | 34,761
| At 31 August 2023 | 49,737 | 13,694 | 12,013 | 75,444
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 September 2023 | 1,037
| At 31 August 2024 | 1,037
Page 9
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | - | 745,581
| Other debtors | - | 1,038,552
|  | - | 1,784,133
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 565,258 | 648,902
| Amounts owed by group undertakings | 3,919,191 | 6,326,683
| Amounts owed by associated undertakings | 160,769 | -
| Other debtors | 23,389 | 11,153
| Prepayments and accrued income | 4,265 | 1,589,759
|  | 4,672,872 | 8,576,497
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | - | 586,671
| Trade creditors | 6,467,418 | 6,644,662
| Amounts owed to group undertakings | 799,386 | -
| Corporation tax | 37,851 | 74,853
| Other taxation and social security | 2,357 | 64,188
| Other creditors | 576,058 | 365,849
| Accruals and deferred income | 9,853 | 1,091,016
|  | 7,892,923 | 8,827,239
Page 10
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
8. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (18,639)
| Charged to profit or loss | 10,022
| At end of year | (8,617)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (8,691) | (18,861)
| Pension surplus | 74 | 222
|  | (8,617) | (18,639)
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 51 (2023 - 51) Ordinary A shares of £1.00 each | 51 | 51
|  | 49 (2023 - 49) Ordinary B shares of £1.00 each | 49 | 49
|  |  | 100 | 100
10. | Pension commitments
The Company operates a defined contribution 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 amounted to £6,928 (2023 - £24,329). Contributions totalling £661 (2023 - £3,485) were payable to the fund at the balance sheet date and are included in creditors. Page 11
CTAG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
11. | Commitments under operating leases
| At 31 August 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 | 20,580 | 30,870
| Later than 1 year and not later than 5 years | - | 20,580
|  | 20,580 | 51,450
12. | Related party transactions
| At 31 August 2024, a loan existed between the company and a shareholder. The outstanding creditor is £63,084 (2023 - £17,936). The loan is unsecured, interest free and repayable on demand. At 31 August 2024, a loan existed between the company and another associated company. The associated company holds a significant shareholding in CTAG Limited. The outstanding creditor is £799,386 (2023 - £Nil). The loan is interest free and repayable on demand. At 31 August 2024, amounts due existed between the company and another company under common control. The outstanding debtor is £161,019 (2023 - £Nil). These amounts are interest free and repayable on demand. The company has taken advantage of the exemption under FRS 102 Section 1A not to disclose the transactions between wholly owned members of a group.
Page 12