Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30true2022-10-01falseIT Development services22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03254071 2022-10-01 2023-09-30 03254071 2021-10-01 2022-09-30 03254071 2023-09-30 03254071 2022-09-30 03254071 c:Director1 2022-10-01 2023-09-30 03254071 d:CurrentFinancialInstruments 2023-09-30 03254071 d:CurrentFinancialInstruments 2022-09-30 03254071 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03254071 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03254071 d:ShareCapital 2023-09-30 03254071 d:ShareCapital 2022-09-30 03254071 d:SharePremium 2023-09-30 03254071 d:SharePremium 2022-09-30 03254071 d:RetainedEarningsAccumulatedLosses 2023-09-30 03254071 d:RetainedEarningsAccumulatedLosses 2022-09-30 03254071 c:FRS102 2022-10-01 2023-09-30 03254071 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03254071 c:FullAccounts 2022-10-01 2023-09-30 03254071 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 03254071









ITOPICA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
ITOPICA LIMITED
REGISTERED NUMBER: 03254071

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,000
500

Cash at bank and in hand
  
100
100

  
3,100
600

Creditors: amounts falling due within one year
 6 
(11,087)
(10,512)

Net current liabilities
  
 
 
(7,987)
 
 
(9,912)

Total assets less current liabilities
  
(7,987)
(9,912)

  

Net liabilities
  
(7,987)
(9,912)


Capital and reserves
  

Called up share capital 
  
112
112

Share premium account
  
10,890
10,890

Profit and loss account
  
(18,989)
(20,914)

  
(7,987)
(9,912)


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 by: 


J J Brewer
Director

Date: 8 February 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ITOPICA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Itopica Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

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  

 
2.2

Going concern

The company meets its day to day working capital requirements through a Directors loan. The Directors intend to continue to support the company. As a result they have adopted the going concern basis of accounting.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

Page 2

 
ITOPICA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
3,000
500

3,000
500



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
10,205
9,672

Accruals and deferred income
882
840

11,087
10,512



7.


Related party transactions

Other creditors include a Directors loan of £10,205 (2021: £9,672) due to J J Brewer.
Sales of £3,000 (2022: £500) have been made to a related party Flower Bee Limited.

 
Page 3