Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Other business support service activities not elsewhere classified.2023-01-01false34falsetruefalse 06854322 2023-01-01 2023-12-31 06854322 2022-01-01 2022-12-31 06854322 2023-12-31 06854322 2022-12-31 06854322 c:Director5 2023-01-01 2023-12-31 06854322 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 06854322 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 06854322 d:CurrentFinancialInstruments 2023-12-31 06854322 d:CurrentFinancialInstruments 2022-12-31 06854322 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06854322 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06854322 d:ShareCapital 2023-12-31 06854322 d:ShareCapital 2022-12-31 06854322 d:RetainedEarningsAccumulatedLosses 2023-12-31 06854322 d:RetainedEarningsAccumulatedLosses 2022-12-31 06854322 c:FRS102 2023-01-01 2023-12-31 06854322 c:Audited 2023-01-01 2023-12-31 06854322 c:FullAccounts 2023-01-01 2023-12-31 06854322 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06854322 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06854322 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 06854322 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06854322









LIFESAVER IP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LIFESAVER IP LIMITED
REGISTERED NUMBER: 06854322

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
106,491
122,597

  
106,491
122,597

Current assets
  

Debtors: amounts falling due within one year
 6 
342,138
219,051

Cash at bank and in hand
  
49,730
45,456

  
391,868
264,507

Creditors: amounts falling due within one year
 7 
(116,956)
(83,621)

Net current assets
  
 
 
274,912
 
 
180,886

Total assets less current liabilities
  
381,403
303,483

  

Net assets
  
381,403
303,483


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
381,401
303,481

  
381,403
303,483


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 by: 




P Meehan
Director

Date: 23 September 2024

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

Page 1

 
LIFESAVER IP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lifesaver IP Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is Albion Works, Uttoxeter Road, Longton, Stoke On Trent, Staffordshire, ST3 1PH. The principal activity continued to be the licencing of intellectual property.

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

Going concern

The accounts have been prepared on a going concern basis. The basis is consider appropriate as a group undertaking has confirmed that it will continue to provide support to enable the company to meet its forecast liabilities as they fall due.

 
2.3

Revenue

Licence fees
Turnover comprises revenue recognised by the comapny in respect of licence fees receivable 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 value added tax.

 
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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

Page 2

 
LIFESAVER IP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


 
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 balance sheet date in the countries where the Company operates and generates income.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 4).

Page 3

 
LIFESAVER IP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Intangible assets




Patents

£



Cost


At 1 January 2023
231,422



At 31 December 2023

231,422



Amortisation


At 1 January 2023
108,825


Charge for the year on owned assets
16,106



At 31 December 2023

124,931



Net book value



At 31 December 2023
106,491



At 31 December 2022
122,597




6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
331,000
200,000

Other debtors
-
753

Prepayments and accrued income
11,138
18,298

342,138
219,051


Page 4

 
LIFESAVER IP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,105
-

Amounts owed to group undertakings
60,000
60,000

Corporation tax
35,162
21,221

Other taxation and social security
7,889
-

Accruals and deferred income
2,800
2,400

116,956
83,621



8.


Controlling party

The smallest group for which consolidated financial statements are prepared which include the results of this company is that headed by Mantec Group Limited, and its registered office is Albion Works, Uttoxeter Road, Longton, Stoke-on-Trent, ST3 1PH


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 23 September 2024 by Graham Wintle (Senior Statutory Auditor) on behalf of WMT.

 
Page 5