Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01trueNo description of principal activity11true 02341155 2023-07-01 2024-06-30 02341155 2022-07-01 2023-06-30 02341155 2024-06-30 02341155 2023-06-30 02341155 c:Director2 2023-07-01 2024-06-30 02341155 d:CurrentFinancialInstruments 2024-06-30 02341155 d:CurrentFinancialInstruments 2023-06-30 02341155 d:Non-currentFinancialInstruments 2024-06-30 02341155 d:Non-currentFinancialInstruments 2023-06-30 02341155 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02341155 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02341155 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02341155 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02341155 d:ShareCapital 2024-06-30 02341155 d:ShareCapital 2023-06-30 02341155 d:RetainedEarningsAccumulatedLosses 2024-06-30 02341155 d:RetainedEarningsAccumulatedLosses 2023-06-30 02341155 c:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 02341155 c:FRS102 2023-07-01 2024-06-30 02341155 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02341155 c:FullAccounts 2023-07-01 2024-06-30 02341155 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02341155 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered Number:02341155













FORMER IWC LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024











 
FORMER IWC LIMITED
REGISTERED NUMBER:02341155


BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

  

Creditors: amounts falling due within one year
 5 
(2,646)
(2,646)

Net current liabilities
  
 
 
(2,646)
 
 
(2,646)

Total assets less current liabilities
  
(2,646)
(2,646)

Creditors: amounts falling due after more than one year
 6 
(206,766)
(206,766)

  

Net liabilities
  
(209,412)
(209,412)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(209,512)
(209,512)

  
(209,412)
(209,412)



- 1 -



 
FORMER IWC LIMITED
REGISTERED NUMBER:02341155

    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 director acknowledges her 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 profit and loss account 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 6 March 2025.




S J Flatt
Director

The notes on pages 3 to 4 form part of these financial statements.


- 2 -



 
FORMER IWC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Former IWC Limited is a private company limited by shares and incorporated and domiciled in the United Kingdom. The registered office is 7 Trinity Street, Bungay, Suffolk, NR35 1EH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the Company  and rounded to the nearest £.

 
2.2

Going concern

On 31 July 2013 the trade and assets of the Company were sold to Transam Trucking Limited. The Company is to remain non-trading. Included in creditors are amounts owed to Transam Trucking Limited, a company under common control. The director's assessment of the Company as a going concern relies on such amounts not being called for payment within 12 months of signing the financial statements.

 
2.3

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.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

- 3 -



 
FORMER IWC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Corporation Tax

There are corporation tax losses carried forward at 30 June 2024 of £304,563 (2023: £304,563).


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2,646
2,646

2,646
2,646



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
206,766
206,766

206,766
206,766



- 4 -