Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-313falsefalsetruetrue2023-01-01No description of principal activity3 SC534765 2023-01-01 2023-12-31 SC534765 2022-01-01 2022-12-31 SC534765 2023-12-31 SC534765 2022-12-31 SC534765 c:Director1 2023-01-01 2023-12-31 SC534765 c:RegisteredOffice 2023-01-01 2023-12-31 SC534765 d:CurrentFinancialInstruments 2023-12-31 SC534765 d:CurrentFinancialInstruments 2022-12-31 SC534765 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC534765 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC534765 d:ShareCapital 2023-12-31 SC534765 d:ShareCapital 2022-12-31 SC534765 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC534765 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC534765 c:FRS102 2023-01-01 2023-12-31 SC534765 c:Audited 2023-01-01 2023-12-31 SC534765 c:FullAccounts 2023-01-01 2023-12-31 SC534765 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC534765 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC534765 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: SC534765


 
 
 
 
 
 
 
 
 
INTELLIQUIP EUROPE LIMITED

 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 DECEMBER 2023

 
INTELLIQUIP EUROPE LIMITED
 

COMPANY INFORMATION


DIRECTORS
J. Mills 

M. Sabin


REGISTERED NUMBER
SC534765



REGISTERED OFFICE
272 Bath Street

Glasgow

G2 4JR




INDEPENDENT AUDITORS
Wilder Coe Ltd
Chartered Accoutants & Statutory Auditors

1st Floor, Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
INTELLIQUIP EUROPE LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
INTELLIQUIP EUROPE LIMITED
REGISTERED NUMBER: SC534765

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
58,053
818

Creditors: amounts falling due within one year
 5 
(116,044)
(58,809)

  

NET LIABILITIES
  
(57,991)
(57,991)


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(58,091)
(58,091)

EQUITY SHAREHOLDERS' DEFICIT
  
(57,991)
(57,991)


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 Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

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




J. Mills
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
INTELLIQUIP EUROPE LIMITED
 

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

1.


GENERAL INFORMATION

Intelliquip Europe Ltd (company number: SC534765), having its registered and trading office at 272 Bath Street, Glasgow, Scotland, G2 4JR is a private limited company incorporated in England and Wales. 

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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

GOING CONCERN

The financial statements have been prepared on a going concern basis as the parent company has been committed to provide financial funding support for at least twelve months from the date of signing these financial statements and will not require repayment until the company is able to do so without jeopardising continuation of trading operations.

 
2.4

TURNOVER

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.

 
2.5

DEBTORS

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

 
2.6

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Short-term creditors are measured at the transaction price. 

Page 2

 
INTELLIQUIP EUROPE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

PENSION

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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

FOREIGN CURRENCY TRANSLATIONS

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Page 3

 
INTELLIQUIP EUROPE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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. 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 - 3).







4.


DEBTORS

2023
2022
£
£

Amounts due within one year

Amounts owed by group undertakings
58,053
-

Other debtors
-
818

58,053
818


Page 4

 
INTELLIQUIP EUROPE LIMITED
 

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

5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
71
71

Amounts owed to group undertakings
111,563
51,294

Other taxation and social security
-
906

Other creditors
-
3,038

Accruals and deferred income
4,410
3,500

116,044
58,809



6.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,116 (2022: £1,420). 


7.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available in accordance with Section 33 of Financial Reporting Standard 102 not to disclose transactions entered into between two or more members of the group, as the Company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.


8.


CONTROLLING PARTY

The Company is controlled by Intelliquip Inc, a company registered in the United States of America, by virtue of its shareholding.
The ultimate controlling party is AQ Software, LLC, a company registered in the United States of America.


9.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 16 September 2024 by Caryl King BSc ACA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 5