Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-012falseNo description of principal activity2truetruefalse OC421601 2023-04-01 2024-03-31 OC421601 2022-04-01 2023-03-31 OC421601 2024-03-31 OC421601 2023-03-31 OC421601 c:MotorVehicles 2023-04-01 2024-03-31 OC421601 c:MotorVehicles 2024-03-31 OC421601 c:MotorVehicles 2023-03-31 OC421601 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC421601 c:FurnitureFittings 2023-04-01 2024-03-31 OC421601 c:FurnitureFittings 2024-03-31 OC421601 c:FurnitureFittings 2023-03-31 OC421601 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC421601 c:OfficeEquipment 2023-04-01 2024-03-31 OC421601 c:OfficeEquipment 2024-03-31 OC421601 c:OfficeEquipment 2023-03-31 OC421601 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC421601 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC421601 c:CurrentFinancialInstruments 2024-03-31 OC421601 c:CurrentFinancialInstruments 2023-03-31 OC421601 c:Non-currentFinancialInstruments 2024-03-31 OC421601 c:Non-currentFinancialInstruments 2023-03-31 OC421601 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC421601 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC421601 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC421601 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC421601 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC421601 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC421601 d:FRS102 2023-04-01 2024-03-31 OC421601 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC421601 d:FullAccounts 2023-04-01 2024-03-31 OC421601 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC421601 2 2023-04-01 2024-03-31 OC421601 d:PartnerLLP1 2023-04-01 2024-03-31 OC421601 d:PartnerLLP2 2023-04-01 2024-03-31 OC421601 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC421601 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC421601 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC421601









SCHOOL I.D. LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SCHOOL I.D. LLP
REGISTERED NUMBER: OC421601

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
8,874
12,506

  
8,874
12,506

Current assets
  

Stocks
  
1,293
4,718

Debtors: amounts falling due within one year
 4 
24,193
27,674

Cash at bank and in hand
 5 
38,408
31,000

  
63,894
63,392

Creditors: Amounts Falling Due Within One Year
 6 
(31,190)
(33,248)

Net current assets
  
 
 
32,704
 
 
30,144

Total assets less current liabilities
  
41,578
42,650

Creditors: amounts falling due after more than one year
 7 
(4,314)
(8,459)

  
37,264
34,191

  

Net assets
  
37,264
34,191


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
37,264
34,191

  
 
37,264
 
34,191

  
37,264
34,191


Total members' interests
  

Members' other interests
  
37,264
34,191

  
37,264
34,191


Page 1

 
SCHOOL I.D. LLP
REGISTERED NUMBER: OC421601
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




L Taylor
S Taylor
Designated member
Designated member


Date: 12 November 2024

The notes on pages 3 to 8 form part of these financial statements.

School I.D. LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

School I.D. LLP is a limited liability partnership incorporated in England and Wales (registered number OC421601). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the LLP.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

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 LLP 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP 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.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.7

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance method
Fixtures and fittings
-
15%
reducing balance method
Office equipment
-
25%
reducing balance method

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.

Page 4

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
50,773
751
522
52,046


Disposals
(3,031)
-
-
(3,031)



At 31 March 2024

47,742
751
522
49,015



Depreciation


At 1 April 2023
38,724
418
397
39,539


Charge for the year on owned assets
3,012
50
31
3,093


Disposals
(2,491)
-
-
(2,491)



At 31 March 2024

39,245
468
428
40,141



Net book value



At 31 March 2024
8,497
283
94
8,874



At 31 March 2023
12,049
333
124
12,506

Page 6

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
22,978
24,440

Other debtors
1,215
3,236

24,193
27,676



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,408
31,000

38,408
31,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,145
4,145

Trade creditors
23,881
26,242

Other taxation and social security
283
-

Other creditors
881
861

Accruals and deferred income
2,000
2,000

31,190
33,248



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,314
8,459

4,314
8,459


Page 7

 
SCHOOL I.D. LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,145
4,145


4,145
4,145

Amounts falling due 1-2 years

Bank loans
4,314
8,459


4,314
8,459



8,459
12,604


Page 8