Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-311falsetrueManagement consultancy activities other than financial management2023-05-04falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14846827 2023-05-03 14846827 2023-05-04 2024-05-31 14846827 2021-09-01 2023-05-03 14846827 2024-05-31 14846827 c:Director1 2023-05-04 2024-05-31 14846827 d:OfficeEquipment 2023-05-04 2024-05-31 14846827 d:OfficeEquipment 2024-05-31 14846827 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-04 2024-05-31 14846827 d:CurrentFinancialInstruments 2024-05-31 14846827 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14846827 d:ShareCapital 2024-05-31 14846827 d:RetainedEarningsAccumulatedLosses 2024-05-31 14846827 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 14846827 c:FRS102 2023-05-04 2024-05-31 14846827 c:AuditExemptWithAccountantsReport 2023-05-04 2024-05-31 14846827 c:FullAccounts 2023-05-04 2024-05-31 14846827 c:PrivateLimitedCompanyLtd 2023-05-04 2024-05-31 14846827 2 2023-05-04 2024-05-31 14846827 e:PoundSterling 2023-05-04 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14846827










DEAR LIZA LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
DEAR LIZA LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEAR LIZA LTD
FOR THE PERIOD ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dear Liza Ltd for the period ended 31 May 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Dear Liza Ltd in accordance with the terms of our engagement letter dated 11th May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Dear Liza Ltd and state those matters that we have agreed to state to the director of Dear Liza Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dear Liza Ltd and its director for our work or for this report. 

It is your duty to ensure that Dear Liza Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dear Liza Ltd. You consider that Dear Liza Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Dear Liza Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
11 November 2024
Page 1

 
DEAR LIZA LTD
REGISTERED NUMBER: 14846827

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
  
726

  
726

Current assets
  

Debtors: amounts falling due within one year
 6 
11,190

Cash at bank and in hand
 7 
34,523

  
45,713

Creditors: amounts falling due within one year
 8 
(20,560)

Net current assets
  
 
 
25,153

Total assets less current liabilities
  
25,879

Provisions for liabilities
  

Deferred tax
  
(153)

  
 
 
(153)

Net assets
  
25,726


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
25,725

  
25,726


Page 2

 
DEAR LIZA LTD
REGISTERED NUMBER: 14846827
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 7 November 2024.




E Grace
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DEAR LIZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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:

Sale of goods

Revenue 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 revenue 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.

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.

 
1.3

Interest income

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

Page 4

 
DEAR LIZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 reporting 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 reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.5

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
-
33%

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.

 
1.6

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.

Page 5

 
DEAR LIZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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.

 
1.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.10

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.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 14846827
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.

Page 6

 
DEAR LIZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Employees

The average monthly number of employees, including directors, during the period was 1.


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,083



At 31 May 2024

1,083



Depreciation


Charge for the period on owned assets
357



At 31 May 2024

357



Net book value



At 31 May 2024
726


6.


Debtors

2024
£


Trade debtors
11,190

11,190



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
34,523

34,523


Page 7

 
DEAR LIZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
14,566

Other taxation and social security
4,525

Other creditors
169

Accruals and deferred income
1,300

20,560



9.


Deferred taxation



2024


£






Charged to profit or loss
(153)



At end of year
(153)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(153)

(153)


10.


Related party transactions

The amount due to the director E Grace, and included in other creditors at the reporting date, was £169.  The loan does not attract a rate of interest and is repayable on demand

 
Page 8