Caseware UK (AP4) 2018.0.196 2018.0.196 2018-12-31 2018-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true false No description of principal activity false 2018-01-01 10373330 2018-01-01 2018-12-31 10373330 2017-01-01 2017-12-31 10373330 2018-12-31 10373330 2017-12-31 10373330 c:Director3 2018-01-01 2018-12-31 10373330 d:FurnitureFittings 2018-01-01 2018-12-31 10373330 d:FurnitureFittings 2018-12-31 10373330 d:FurnitureFittings 2017-12-31 10373330 d:FurnitureFittings d:OwnedOrFreeholdAssets 2018-01-01 2018-12-31 10373330 d:ComputerEquipment 2018-01-01 2018-12-31 10373330 d:OtherPropertyPlantEquipment 2018-01-01 2018-12-31 10373330 d:Goodwill 2018-01-01 2018-12-31 10373330 d:CurrentFinancialInstruments 2018-12-31 10373330 d:CurrentFinancialInstruments 2017-12-31 10373330 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 10373330 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 10373330 d:ShareCapital 2018-12-31 10373330 d:ShareCapital 2017-12-31 10373330 d:SharePremium 2018-12-31 10373330 d:SharePremium 2017-12-31 10373330 d:RetainedEarningsAccumulatedLosses 2018-12-31 10373330 d:RetainedEarningsAccumulatedLosses 2017-12-31 10373330 c:OrdinaryShareClass1 2018-01-01 2018-12-31 10373330 c:OrdinaryShareClass1 2018-12-31 10373330 c:OrdinaryShareClass1 2017-12-31 10373330 c:FRS102 2018-01-01 2018-12-31 10373330 c:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 10373330 c:FullAccounts 2018-01-01 2018-12-31 10373330 c:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 10373330 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-01-01 2018-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  10373330









SCL INSIGHT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2018

 
SCL INSIGHT LIMITED
REGISTERED NUMBER:  10373330

STATEMENT OF FINANCIAL POSITION
AS AT  31 DECEMBER 2018

2018
2017
Note
£
£
   

Intangible assets
 5 
53,936
80,905

Tangible assets
 6 
3,934
1,630

   
57,870
82,535

Current assets
   

Debtors: amounts falling due within one year
 7 
2,709
959,075

Cash at bank and in hand
 8 
494
95

   
3,203
959,170

Creditors: amounts falling due within one year
 9 
(575,416 )
(1,051,188 )

Net current liabilities
   
 
 
(572,213 )
 
 
(92,018 )

Total assets less current liabilities
   
(514,343 )
(9,483 )

   

Net liabilities
   
(514,343 )
(9,483 )

Capital and reserves
   

Called up share capital 
 10 
200
200

Share premium account
   
400
400

Profit and loss account
   
(514,943 )
(10,083 )

   
(514,343 )
(9,483 )


Page 1

 
SCL INSIGHT LIMITED
REGISTERED NUMBER:  10373330
    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  31 DECEMBER 2018

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 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  31 October 2019 .




N Oakes
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

General information

SCL Insight Limited  is  a  private  company  limited  by  shares  and  registered  in  England  &  Wales.  The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS. 

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 Section 1A of  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 (see note 3).

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:

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.

Page 3

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

2. Accounting policies (continued)

2.3

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 profit and loss account over its useful economic life.

Other 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.

 The estimated useful lives range as follows:

Goodwill
-

2.4

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. 

Depreciation is provided on the following basis:

Computer equipment
-
33 %
Straight line
Other fixed assets
-
25 %
Reducing balance

2.5

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.

2.6

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.

Page 4

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

2. Accounting policies (continued)

2.7

Financial instruments

The Company only enters into basic 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 non-puttable ordinary shares.

2.8

Creditors

Short term creditors are measured at the transaction price. 

2.9

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 the profit and loss account  except when deferred in other comprehensive income as qualifying cash flow hedges.

2.10

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 the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the period end,  work  undertaken  which  has  not  been  invoiced  based  on  quotations  or  estimates  of  amounts  that maybe due for payment. 

The average monthly number of employees, including directors, during the year was  3  (2017 -  3 ) .





£



Cost


At 1 January 2018
134,843



At 31 December 2018

134,843



Amortisation


At 1 January 2018
53,938


Charge for the year
26,969



At 31 December 2018

80,907



Net book value



At 31 December 2018
53,936



At 31 December 2017
80,905

Page 6

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Fixtures and fittings

£



Cost or valuation


At 1 January 2018
2,173


Additions
3,616



At 31 December 2018

5,789



Depreciation


At 1 January 2018
543


Charge for the year on owned assets
1,312



At 31 December 2018

1,855



Net book value



At 31 December 2018
3,934



At 31 December 2017
1,630

2018
2017
£
£


Trade debtors
-
921,817

Other debtors
2,709
3,081

Prepayments and accrued income
-
34,177

2,709
959,075


2018
2017
£
£

Cash at bank and in hand
494
95

Less: bank overdrafts
-
(141 )

494
(46 )


Page 7

 
SCL INSIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
2018
2017
£
£

Bank overdrafts
-
141

Trade creditors
1,920
199,035

Amounts owed to group undertakings
-
98,472

Other taxation and social security
-
40,270

Other creditors
569,246
510,223

Accruals and deferred income
4,250
203,047

575,416
1,051,188


2018
2017
£
£
Allotted, called up and fully paid



200  (2017 -  200 )   Ordinary  shares of £ 1.00  each
200
200


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 £130 (2017: £419). 

The company has received loans from A Oakes, a former director of the company. At the reporting date £33,226 (2017: £29,764) was due to A Oakes. At the reporting date, £Nil (2017: £963) was owed to Oriental and Western Limited, a company of which A Oakes is a director.
The company has received loans from N Oakes, the director. At the reporting date £532,770 (2017: £457,009) was due to N Oakes. The loans is interest free and repayable on demand.

The company was under the control of N Oakes.

 
Page 8