Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01false2truetrue 10203877 2022-06-01 2023-05-31 10203877 2021-06-01 2022-05-31 10203877 2023-05-31 10203877 2022-05-31 10203877 c:Director1 2022-06-01 2023-05-31 10203877 d:CurrentFinancialInstruments 2023-05-31 10203877 d:CurrentFinancialInstruments 2022-05-31 10203877 d:Non-currentFinancialInstruments 2023-05-31 10203877 d:Non-currentFinancialInstruments 2022-05-31 10203877 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10203877 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10203877 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10203877 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 10203877 d:ShareCapital 2023-05-31 10203877 d:ShareCapital 2022-05-31 10203877 d:RetainedEarningsAccumulatedLosses 2023-05-31 10203877 d:RetainedEarningsAccumulatedLosses 2022-05-31 10203877 c:FRS102 2022-06-01 2023-05-31 10203877 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10203877 c:FullAccounts 2022-06-01 2023-05-31 10203877 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 10203877










IDILI LIVE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
IDILI LIVE LIMITED
REGISTERED NUMBER:10203877

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

As restated
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,165,599
887,062

Cash at bank and in hand
 5 
28,607
19,848

  
1,194,206
906,910

Creditors: amounts falling due within one year
 6 
(995,070)
(1,047,553)

Net current assets/(liabilities)
  
 
 
199,136
 
 
(140,643)

Total assets less current liabilities
  
199,136
(140,643)

Creditors: amounts falling due after more than one year
 7 
(41,437)
(51,250)

  

Net assets/(liabilities)
  
157,699
(191,893)


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
157,694
(191,898)

  
157,699
(191,893)


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 18 April 2024.




I Sutej
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
IDILI LIVE LIMITED
REGISTERED NUMBER:10203877
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023


Page 2

 
IDILI LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Idili Live Limited is a private company, limited by shares, registered in England and Wales, registration number 10203877. The registered office is 228 Temple Chambers, 3-7 Temple Avenue, London, United Kingdom, EC4Y 0HP.

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:

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

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.

 
2.4

Debtors

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

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
IDILI LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

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

 
2.8

Taxation

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.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
484,792
476,826

Other debtors
680,807
410,236

1,165,599
887,062



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,607
19,848


Page 4

 
IDILI LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Bank loans
11,094
-

Trade creditors
102,915
69,790

Amounts owed to group undertakings
561,956
639,026

Other creditors
313,892
322,681

Accruals
5,213
16,056

995,070
1,047,553



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
41,437
51,250


The bank loan is guaranteed by the UK Government as part of the Bounce Back Loan Scheme (BBLS). The interest rate is fixed at 2.5% over a six-year loan term. Under the terms of the loan, the UK Government will cover any interest charges due on the loan for the first 12 months. 


8.


Prior year adjustment

Prior year figures have been restated to correct the corporation tax liability at 31 May 2022. This resulted in a reduction in the loss for the year and a reduction in creditors of £77,534. This lead to the closing profit and loss reserve decreasing from (£269,432) to (£191,898).


9.


Related party transactions

At 31 May 2023, the company was due £619,327 (2022: £333,634) from I Sutej, a director of the company.
At 31 May 2023, the company owed £33,786 (2022: £42,575) from M Esteban, a director of the company.

 
Page 5