Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity33falsetrue 05016456 2023-01-01 2023-12-31 05016456 2022-01-01 2022-12-31 05016456 2023-12-31 05016456 2022-12-31 05016456 c:Director1 2023-01-01 2023-12-31 05016456 d:ComputerEquipment 2023-01-01 2023-12-31 05016456 d:ComputerEquipment 2023-12-31 05016456 d:ComputerEquipment 2022-12-31 05016456 d:ComputerSoftware 2023-12-31 05016456 d:ComputerSoftware 2022-12-31 05016456 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 05016456 d:CurrentFinancialInstruments 2023-12-31 05016456 d:CurrentFinancialInstruments 2022-12-31 05016456 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05016456 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05016456 d:ShareCapital 2023-12-31 05016456 d:ShareCapital 2022-12-31 05016456 d:SharePremium 2023-12-31 05016456 d:SharePremium 2022-12-31 05016456 d:RetainedEarningsAccumulatedLosses 2023-12-31 05016456 d:RetainedEarningsAccumulatedLosses 2022-12-31 05016456 c:FRS102 2023-01-01 2023-12-31 05016456 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05016456 c:FullAccounts 2023-01-01 2023-12-31 05016456 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05016456 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 05016456 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05016456







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


ITICA LIMITED






































img0717.png                        

 


ITICA LIMITED
REGISTERED NUMBER:05016456



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,806
5,139

  
1,806
5,139

Current assets
  

Debtors: amounts falling due within one year
 6 
27,051
20,729

Cash at bank and in hand
  
9,533
15,771

  
36,584
36,500

Creditors: amounts falling due within one year
 7 
(14,768)
(12,931)

Net current assets
  
 
 
21,816
 
 
23,569

Total assets less current liabilities
  
23,622
28,708

  

Net assets
  
23,622
28,708


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
500
500

Profit and loss account
  
22,122
27,208

  
23,622
28,708


Page 1

 


ITICA LIMITED
REGISTERED NUMBER:05016456


    
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 income and retained earnings 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: 




................................................
N Brown
Director

Date: 23 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


ITICA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Itica Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£). 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

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.

Page 3

 


ITICA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
3
years

 
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 straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

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

Page 4

 


ITICA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
10,000



At 31 December 2023

10,000



Amortisation


At 1 January 2023
4,861


Charge for the year on owned assets
3,333



At 31 December 2023

8,194



Net book value



At 31 December 2023
1,806



At 31 December 2022
5,139




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
7,979



At 31 December 2023

7,979



Depreciation


At 1 January 2023
7,979



At 31 December 2023

7,979



Net book value



At 31 December 2023
-



At 31 December 2022
-

Page 5

 


ITICA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
25,471
19,257

Other debtors
405
405

Prepayments and accrued income
1,175
1,067

27,051
20,729



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
513
366

Corporation tax
3,744
6,714

Other taxation and social security
2,481
2,202

Other creditors
6,160
1,994

Accruals and deferred income
1,870
1,655

14,768
12,931



8.


Related party transactions

During the year, transactions of £3,200 increased the amount owed to the director by the company (2022: £0). This loan is free of interest and repayable on demand.

 
Page 6