Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC421601 2022-04-01 2023-03-31 OC421601 2021-04-01 2022-03-31 OC421601 2023-03-31 OC421601 2022-03-31 OC421601 c:MotorVehicles 2022-04-01 2023-03-31 OC421601 c:MotorVehicles 2023-03-31 OC421601 c:MotorVehicles 2022-03-31 OC421601 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC421601 c:FurnitureFittings 2022-04-01 2023-03-31 OC421601 c:FurnitureFittings 2023-03-31 OC421601 c:FurnitureFittings 2022-03-31 OC421601 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC421601 c:OfficeEquipment 2022-04-01 2023-03-31 OC421601 c:OfficeEquipment 2023-03-31 OC421601 c:OfficeEquipment 2022-03-31 OC421601 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC421601 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC421601 c:CurrentFinancialInstruments 2023-03-31 OC421601 c:CurrentFinancialInstruments 2022-03-31 OC421601 c:Non-currentFinancialInstruments 2023-03-31 OC421601 c:Non-currentFinancialInstruments 2022-03-31 OC421601 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC421601 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC421601 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC421601 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 OC421601 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC421601 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-03-31 OC421601 d:FRS102 2022-04-01 2023-03-31 OC421601 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC421601 d:FullAccounts 2022-04-01 2023-03-31 OC421601 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC421601 d:PartnerLLP1 2022-04-01 2023-03-31 OC421601 d:PartnerLLP2 2022-04-01 2023-03-31 OC421601 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC421601 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: OC421601









SCHOOL I.D. LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SCHOOL I.D. LLP
REGISTERED NUMBER: OC421601

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
12,507
16,623

  
12,507
16,623

Current assets
  

Stocks
  
4,718
6,934

Debtors: amounts falling due within one year
 4 
27,674
22,062

Cash at bank and in hand
 5 
31,000
59,611

  
63,392
88,607

Creditors: Amounts Falling Due Within One Year
 6 
(33,250)
(30,285)

Net current assets
  
 
 
30,142
 
 
58,322

Total assets less current liabilities
  
42,649
74,945

Creditors: amounts falling due after more than one year
 7 
(8,459)
(12,237)

  
34,190
62,708

  

Net assets
  
34,190
62,708


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
34,190
62,708

  
 
34,190
 
62,708

  
34,190
62,708


Total members' interests
  

Members' other interests
  
34,190
62,708

  
34,190
62,708


Page 1

 
SCHOOL I.D. LLP
REGISTERED NUMBER: OC421601
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




L Taylor
S Taylor
Designated member
Designated member


Date: 23 November 2023

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

School I.D. LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

School I.D. LLP is a limited liability partnership incorporated in England and Wales (registered number OC421601). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the LLP.

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 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

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 LLP's accounting policies.

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 LLP 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 LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP 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 LLP 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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP 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 Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.8

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 4

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance method
Fixtures and fittings
-
15%
reducing balance method
Office equipment
-
25%
reducing balance method

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.

 
2.9

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 reporting 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
50,773
751
522
52,046



At 31 March 2023

50,773
751
522
52,046



Depreciation


At 1 April 2022
34,708
359
356
35,423


Charge for the year on owned assets
4,016
59
41
4,116



At 31 March 2023

38,724
418
397
39,539



Net book value



At 31 March 2023
12,049
333
125
12,507



At 31 March 2022
16,065
392
166
16,623

Page 6

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
24,440
18,994

Other debtors
3,236
3,067

27,676
22,061



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
31,000
59,611

31,000
59,611



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,145
4,145

Trade creditors
26,242
23,278

Other creditors
863
862

Accruals and deferred income
2,000
2,000

33,250
30,285



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,459
12,237

8,459
12,237


Page 7

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,145
4,145


4,145
4,145

Amounts falling due 1-2 years

Bank loans
8,459
12,237


8,459
12,237



12,604
16,382


Page 8