Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseNo description of principal activity65falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02544934 2023-01-01 2023-12-31 02544934 2022-01-01 2022-12-31 02544934 2023-12-31 02544934 2022-12-31 02544934 2022-01-01 02544934 c:Director1 2023-01-01 2023-12-31 02544934 d:FurnitureFittings 2023-01-01 2023-12-31 02544934 d:FurnitureFittings 2023-12-31 02544934 d:FurnitureFittings 2022-12-31 02544934 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02544934 d:ComputerEquipment 2023-01-01 2023-12-31 02544934 d:ComputerEquipment 2023-12-31 02544934 d:ComputerEquipment 2022-12-31 02544934 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02544934 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02544934 d:CurrentFinancialInstruments 2023-12-31 02544934 d:CurrentFinancialInstruments 2022-12-31 02544934 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02544934 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02544934 d:ShareCapital 2023-01-01 2023-12-31 02544934 d:ShareCapital 2023-12-31 02544934 d:ShareCapital 2022-01-01 2022-12-31 02544934 d:ShareCapital 2022-12-31 02544934 d:ShareCapital 2022-01-01 02544934 d:SharePremium 2023-01-01 2023-12-31 02544934 d:SharePremium 2023-12-31 02544934 d:SharePremium 2022-01-01 2022-12-31 02544934 d:SharePremium 2022-12-31 02544934 d:SharePremium 2022-01-01 02544934 d:CapitalRedemptionReserve 2023-12-31 02544934 d:CapitalRedemptionReserve 2022-12-31 02544934 d:CapitalRedemptionReserve 2022-01-01 02544934 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02544934 d:RetainedEarningsAccumulatedLosses 2023-12-31 02544934 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 02544934 d:RetainedEarningsAccumulatedLosses 2022-12-31 02544934 d:RetainedEarningsAccumulatedLosses 2022-01-01 02544934 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02544934 c:OrdinaryShareClass1 2023-12-31 02544934 c:FRS102 2023-01-01 2023-12-31 02544934 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02544934 c:FullAccounts 2023-01-01 2023-12-31 02544934 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02544934 2 2023-01-01 2023-12-31 02544934 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02544934 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 02544934 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02544934









LIPFRIEND RODD INTERNATIONAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LIPFRIEND RODD INTERNATIONAL LIMITED
REGISTERED NUMBER: 02544934

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
9,085
7,248

Current assets
  

Debtors: amounts falling due within one year
 5 
322,661
83,126

Cash at bank and in hand
  
177,795
316,634

  
500,456
399,760

Creditors: amounts falling due within one year
 6 
(188,751)
(178,063)

Net current assets
  
 
 
311,705
 
 
221,697

Total assets less current liabilities
  
320,790
228,945

Provisions for liabilities
  

Deferred tax
 7 
(1,816)
(1,449)

Net assets
  
318,974
227,496


Capital and reserves
  

Called up share capital 
 8 
62
70

Share premium account
  
1,000
1,000

Capital redemption reserve
  
69
69

Profit and loss account
  
317,843
226,357

  
318,974
227,496


Page 1

 
LIPFRIEND RODD INTERNATIONAL LIMITED
REGISTERED NUMBER: 02544934
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 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 15 March 2024.

Mr R S Lipfriend
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 January 2022
93
1,000
46
209,828
210,967



Profit and comprehensive income for the year
-
-
-
82,000
82,000

Dividends: Equity capital
-
-
-
(25,000)
(25,000)

Redemption of shares
-
-
23
(40,471)
(40,448)

Redemption of shares
(23)
-
-
-
(23)



At 1 January 2023
70
1,000
69
226,357
227,496



Profit and comprehensive income for the year
-
-
-
142,747
142,747

Dividends paid
-
-
-
(35,000)
(35,000)

Purchase of own shares
-
-
-
(16,261)
(16,261)

Shares redeemed during the year
(8)
-
-
-
(8)


At 31 December 2023
62
1,000
69
317,843
318,974


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lipfriend Rodd International Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 124 Finchley Road, London, NW3 5JS. The principal place of business is 76 Hale Lane, London, NW7 3RT.

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 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.

 
2.3

Revenue

Turnover represents amounts receivable for services net of VAT and trade discounts.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

Page 4

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

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 reporting 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 Statement of Financial Position 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 is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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 5

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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, .

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing balance
Computer equipment
-
33%
Straight line

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

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).

Page 6

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 January 2023
310
28,213
28,523


Additions
145
2,655
2,800



At 31 December 2023

455
30,868
31,323



Depreciation


At 1 January 2023
62
21,213
21,275


Charge for the year on owned assets
79
884
963



At 31 December 2023

141
22,097
22,238



Net book value



At 31 December 2023
314
8,771
9,085



At 31 December 2022
248
7,000
7,248

Page 7

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
289,552
35,781

Other debtors
25,125
39,510

Prepayments
7,984
7,835

322,661
83,126



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
63,996
86,869

Corporation tax
43,115
18,386

Other taxation and social security
34,655
19,531

Other creditors
46,985
53,277

188,751
178,063



7.


Deferred taxation




2023


£






At beginning of year
(1,449)


Charged to profit or loss
(367)



At end of year
(1,816)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,816)
(1,449)

(1,816)
(1,449)

Page 8

 
LIPFRIEND RODD INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6,979 Ordinary A shares of £0.01 each
62
70

During the year the company bought back nil ordinary shares from its shareholders.



9.


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 £28,101 (2022: £23,301). Contributions totalling £nil (2022:£1,247) were payable to the fund at the reporting date and are included in creditors.


10.


Related party transactions

At the reporting date, the directors of the company, R S Lipfriend was owed £28,741 by the company (2022: £16,724), E M Levi was owed £6,373 by the company (2022: £8,599) and M Rodd and N Rodd are owed £nil to the company.

 
Page 9