Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07303241 2022-09-01 2023-08-31 07303241 2021-09-01 2022-08-31 07303241 2023-08-31 07303241 2022-08-31 07303241 c:Director3 2022-09-01 2023-08-31 07303241 d:MotorVehicles 2022-09-01 2023-08-31 07303241 d:MotorVehicles 2023-08-31 07303241 d:MotorVehicles 2022-08-31 07303241 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 07303241 d:OfficeEquipment 2022-09-01 2023-08-31 07303241 d:OfficeEquipment 2023-08-31 07303241 d:OfficeEquipment 2022-08-31 07303241 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 07303241 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 07303241 d:Goodwill 2023-08-31 07303241 d:Goodwill 2022-08-31 07303241 d:CurrentFinancialInstruments 2023-08-31 07303241 d:CurrentFinancialInstruments 2022-08-31 07303241 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07303241 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 07303241 d:ShareCapital 2023-08-31 07303241 d:ShareCapital 2022-08-31 07303241 d:RetainedEarningsAccumulatedLosses 2023-08-31 07303241 d:RetainedEarningsAccumulatedLosses 2022-08-31 07303241 c:FRS102 2022-09-01 2023-08-31 07303241 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07303241 c:FullAccounts 2022-09-01 2023-08-31 07303241 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07303241 2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 07303241









MARION LICHTIG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
MARION LICHTIG LIMITED
REGISTERED NUMBER: 07303241

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 5 
503
744

Current assets
  

Debtors: amounts falling due within one year
 6 
26,136
20,227

Cash at bank and in hand
  
33,887
19,597

  
60,023
39,824

Creditors: amounts falling due within one year
 7 
(35,094)
(13,841)

Net current assets
  
 
 
24,929
 
 
25,983

Total assets less current liabilities
  
25,432
26,727

  

Net assets
  
25,432
26,727


Capital and reserves
  

Called up share capital 
  
69
69

Profit and loss account
  
25,363
26,658

  
25,432
26,727


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
MARION LICHTIG LIMITED
REGISTERED NUMBER: 07303241
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 January 2024.




D J Lichtig
Director

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

Page 2

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Marion Lichtig Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Hanbury Drive, Leytonstone, London, E11 1GA. 

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

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.

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.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Page 3

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

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 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 Statement of income and retained earnings over its useful economic life. 

 
2.5

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, using the following methods.

Depreciation is provided on the following annual bases:

Motor vehicles
-
25%
reducing balance
Office 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 the Statement of income and retained earnings.

 
2.6

Debtors

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

 
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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

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.

 
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

Taxation

Tax is recognised in the Statement of income and retained earnings 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
68,000



At 31 August 2023

68,000



Amortisation


At 1 September 2022
68,000



At 31 August 2023

68,000



Net book value



At 31 August 2023
-



At 31 August 2022
-



Page 6

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 September 2022
16,520
3,259
19,779



At 31 August 2023

16,520
3,259
19,779



Depreciation


At 1 September 2022
15,850
3,185
19,035


Charge for the year on owned assets
167
74
241



At 31 August 2023

16,017
3,259
19,276



Net book value



At 31 August 2023
503
-
503



At 31 August 2022
670
74
744


6.


Debtors

2023
2022
£
£


Trade debtors
163
163

Other debtors
25,973
20,064

26,136
20,227


Page 7

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
40
-

Corporation tax
4,454
2,615

Other creditors
27,000
7,626

Accruals and deferred income
3,600
3,600

35,094
13,841



8.


Directors' benefits: advances, credit and guarantee

2023
2022
£
£



Balance brought forward
19,871
19,998

Total advances during the year
29,194
21,663

Total credits during the year
(24,075)
(22,474)

Interest charged during the year
507
684

25,497
19,871

 
Page 8