Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08100817 2022-11-01 2023-10-31 08100817 2021-11-01 2022-10-31 08100817 2023-10-31 08100817 2022-10-31 08100817 c:Director2 2022-11-01 2023-10-31 08100817 d:OfficeEquipment 2022-11-01 2023-10-31 08100817 d:OfficeEquipment 2023-10-31 08100817 d:OfficeEquipment 2022-10-31 08100817 d:Goodwill 2023-10-31 08100817 d:Goodwill 2022-10-31 08100817 d:CurrentFinancialInstruments 2023-10-31 08100817 d:CurrentFinancialInstruments 2022-10-31 08100817 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08100817 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08100817 d:ShareCapital 2023-10-31 08100817 d:ShareCapital 2022-10-31 08100817 d:RetainedEarningsAccumulatedLosses 2023-10-31 08100817 d:RetainedEarningsAccumulatedLosses 2022-10-31 08100817 c:FRS102 2022-11-01 2023-10-31 08100817 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08100817 c:FullAccounts 2022-11-01 2023-10-31 08100817 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08100817 2 2022-11-01 2023-10-31 08100817 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 08100817









LIKE BOOKS & DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
LIKE BOOKS & DESIGN LIMITED
REGISTERED NUMBER: 08100817

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
2,999
45,689

Debtors: amounts falling due within one year
 5 
202,678
162,717

Cash at bank and in hand
 6 
6
29,662

  
205,683
238,068

Creditors: amounts falling due within one year
 7 
(195,330)
(188,952)

Net current assets
  
 
 
10,353
 
 
49,116

Total assets less current liabilities
  
10,353
49,116

  

Net assets
  
10,353
49,116


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
10,352
49,115

  
10,353
49,116


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: 




K Phillips
Director
Date: 26 October 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

Like Books & Design Limited (the company) is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is: 
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
DY5 1LX
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 October 2023 (2022: year ended 31 October 2022). 

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:

 
1.2

Going concern

The directors have considered the financial position and future prospects of the company for twelve months from the date of signing these financial statements and believe that the company has access to sufficient resources to manage its business risk and to meet its liabilities as they fall due. 

 
1.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.4

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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.5

Interest income

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

 
1.6

Borrowing costs

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

 
1.7

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.


 
1.8

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.

Page 3

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.9

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:

Office equipment
-
25%
straight line

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.

 
1.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.11

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.

 
1.12

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.

 
1.13

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.

Page 4

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Employees

2023
2022
£
£

Wages and salaries
30,000
29,000

30,000
29,000


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


3.


Intangible assets




Goodwill

£



Cost


At 1 November 2022
38,500



At 31 October 2023

38,500



Amortisation


At 1 November 2022
38,500



At 31 October 2023

38,500



Net book value



At 31 October 2023
-



At 31 October 2022
-



Page 5

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
3,595



At 31 October 2023

3,595



Depreciation


At 1 November 2022
3,595



At 31 October 2023

3,595



Net book value



At 31 October 2023
-



At 31 October 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
202,678
162,717

202,678
162,717



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6
29,662

Less: bank overdrafts
(5,884)
-

(5,878)
29,662


Page 6

 
LIKE BOOKS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
5,884
-

Trade creditors
105,357
101,182

Corporation tax
58,773
56,783

Other taxation and social security
22,716
29,287

Accruals and deferred income
2,600
1,700

195,330
188,952





8.


Controlling party

The directors are the controlling parties due to their interest in the issued share capital of the company.

 
Page 7