Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 2025-01-01 10 false No description of principal activity 10 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05130101 2025-01-01 2025-12-31 05130101 2024-01-01 2024-12-31 05130101 2025-12-31 05130101 2024-12-31 05130101 c:Director1 2025-01-01 2025-12-31 05130101 d:PlantMachinery 2025-01-01 2025-12-31 05130101 d:PlantMachinery 2025-12-31 05130101 d:PlantMachinery 2024-12-31 05130101 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05130101 d:MotorVehicles 2025-01-01 2025-12-31 05130101 d:FurnitureFittings 2025-01-01 2025-12-31 05130101 d:FurnitureFittings 2025-12-31 05130101 d:FurnitureFittings 2024-12-31 05130101 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05130101 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05130101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 05130101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05130101 d:CurrentFinancialInstruments 2025-12-31 05130101 d:CurrentFinancialInstruments 2024-12-31 05130101 d:Non-currentFinancialInstruments 2025-12-31 05130101 d:Non-currentFinancialInstruments 2024-12-31 05130101 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 05130101 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05130101 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 05130101 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05130101 d:ShareCapital 2025-12-31 05130101 d:ShareCapital 2024-12-31 05130101 d:RetainedEarningsAccumulatedLosses 2025-12-31 05130101 d:RetainedEarningsAccumulatedLosses 2024-12-31 05130101 c:OrdinaryShareClass1 2025-01-01 2025-12-31 05130101 c:OrdinaryShareClass1 2025-12-31 05130101 c:OrdinaryShareClass1 2024-12-31 05130101 c:FRS102 2025-01-01 2025-12-31 05130101 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05130101 c:FullAccounts 2025-01-01 2025-12-31 05130101 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05130101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 05130101 2 2025-01-01 2025-12-31 05130101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2025-01-01 2025-12-31 05130101 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05130101 GLOBAL ETHICS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
GLOBAL ETHICS LIMITED REGISTERED NUMBER: 05130101 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 124,307 |  | 129,989
Tangible assets | 5 |  | 9,445 |  | 13,879
|  |  | 133,752 |  | 143,868
Current assets |  |  |  |  |
Stocks |  | 103,903 |  | 119,113 |
Debtors | 6 | 891,371 |  | 706,676 |
Cash at bank and in hand |  | 26,735 |  | 30,226 |
|  | 1,022,009 |  | 856,015 |
Creditors: amounts falling due within one year | 7 | (1,085,426) |  | (997,157) |
Net current liabilities |  |  | (63,417) |  | (141,142)
Total assets less current liabilities |  |  | 70,335 |  | 2,726
Creditors: amounts falling due after more than one year | 8 |  | - |  | (2,667)
Net assets |  |  | 70,335 |  | 59
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 70,235 |  | (41)
|  |  | 70,335 |  | 59
Page 1
GLOBAL ETHICS LIMITED REGISTERED NUMBER: 05130101 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The director considers 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 director acknowledges his 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 on 20 March 2026.
................................................ D H Goose
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Global Ethics Limited, 05130101, is a private company, limited by shares, registered in England and Wales with its registered office and principal place of business at Steel House, 13-17 Princes Road, Richmond, Surrey, TW10 6DQ. 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 requirements and 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 | 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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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: 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.
| 2.4 | 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.
| 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
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. Page 4
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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. 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.
| 2.10 | 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. Page 5
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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 | - | 10% |
|  |  |  | Motor vehicles | - | 10% |
|  |  |  | Fixtures and fittings | - | 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 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 10 (2024 - 10).
Page 6
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 January 2025 | 140,744
| Additions | 17,776
| At 31 December 2025 | 158,520
| Amortisation |
| At 1 January 2025 | 10,756
| Charge for the year on owned assets | 23,457
| At 31 December 2025 | 34,213
| Net book value |
| At 31 December 2025 | 124,307
| At 31 December 2024 | 129,989
Page 7
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 34,650 | 30,030 | 64,680
| Additions | - | 1,531 | 1,531
| At 31 December 2025 | 34,650 | 31,561 | 66,211
| Depreciation |  |  |
| At 1 January 2025 | 25,699 | 25,102 | 50,801
| Charge for the year on owned assets | 3,465 | 2,500 | 5,965
| At 31 December 2025 | 29,164 | 27,602 | 56,766
| Net book value |  |  |
| At 31 December 2025 | 5,486 | 3,959 | 9,445
| At 31 December 2024 | 8,951 | 4,928 | 13,879
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 734,779 | 594,782
| Amounts owed by group undertakings | 17,584 | 19,650
| Other debtors | 48,119 | 27,069
| Prepayments and accrued income | 90,889 | 65,175
|  | 891,371 | 706,676
| The 2025 trade debtors above are covered by an invoice discounting agreement.
Page 8
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 50,000
| Trade creditors | 572,161 | 664,724
| Other taxation and social security | 140,444 | 119,793
| Other creditors | 363,959 | 118,607
| Accruals and deferred income | 8,862 | 44,033
|  | 1,085,426 | 997,157
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Invoice discounting agreement | 299,119 | -
|  | 299,119 | -
| Details of security provided:
The company has an invoice discounting agreement. The invoice discounting company holds a fixed and floating charge over the book debts as security against borrowing shown within other creditors. Loans due by the company are repayable on demand.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 2,667
|  | - | 2,667
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
Page 9
GLOBAL ETHICS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Controlling party
The ultimate controlling party is Global Ethics Group Limited who have ownership of 100% of the issued share capital of the company.
Page 10