Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityfalse92023-01-017falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05551550 2023-01-01 2023-12-31 05551550 2022-01-01 2022-12-31 05551550 2023-12-31 05551550 2022-12-31 05551550 c:Director8 2023-01-01 2023-12-31 05551550 d:CurrentFinancialInstruments 2023-12-31 05551550 d:CurrentFinancialInstruments 2022-12-31 05551550 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05551550 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05551550 d:RetainedEarningsAccumulatedLosses 2023-12-31 05551550 d:RetainedEarningsAccumulatedLosses 2022-12-31 05551550 c:FRS102 2023-01-01 2023-12-31 05551550 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05551550 c:FullAccounts 2023-01-01 2023-12-31 05551550 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 05551550 2 2023-01-01 2023-12-31 05551550 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05551550









ISRCTN
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ISRCTN
 
(A company limited by guarantee)
REGISTERED NUMBER: 05551550

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
59,314
161,010

Cash at bank and in hand
  
146,997
-

  
206,311
161,010

Creditors: amounts falling due within one year
 7 
(11,655)
(4,031)

Net current assets
  
 
 
194,656
 
 
156,979

Total assets less current liabilities
  
194,656
156,979

  

Net assets
  
194,656
156,979


Capital and reserves
  

Profit and loss account
  
194,656
156,979

  
194,656
156,979


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: 


................................................
A J Freeman
Director
Date: 24 September 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
ISRCTN

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ISRCTN is a company limited by guarantee and incorporated in England and Wales. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The principal activity of the company is the provision of a primary clinical trial registry.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
ISRCTN

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Debtors

Short term debtors are measured at transaction price, 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, 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. However, the nature of estimation means that actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 7).


5.


Debtors

2023
2022
£
£


Trade debtors
59,314
161,010


Page 3

 
ISRCTN

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
146,997
-

146,997
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,838
1,752

Directors' loan accounts
177
-

Accruals and deferred income
2,640
2,279

11,655
4,031




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

 
Page 4