Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2023-09-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07303241 2023-09-01 2024-08-31 07303241 2022-09-01 2023-08-31 07303241 2024-08-31 07303241 2023-08-31 07303241 c:Director3 2023-09-01 2024-08-31 07303241 d:MotorVehicles 2023-09-01 2024-08-31 07303241 d:MotorVehicles 2024-08-31 07303241 d:MotorVehicles 2023-08-31 07303241 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07303241 d:OfficeEquipment 2023-09-01 2024-08-31 07303241 d:OfficeEquipment 2024-08-31 07303241 d:OfficeEquipment 2023-08-31 07303241 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07303241 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07303241 d:Goodwill 2024-08-31 07303241 d:Goodwill 2023-08-31 07303241 d:CurrentFinancialInstruments 2024-08-31 07303241 d:CurrentFinancialInstruments 2023-08-31 07303241 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07303241 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07303241 d:ShareCapital 2024-08-31 07303241 d:ShareCapital 2023-08-31 07303241 d:RetainedEarningsAccumulatedLosses 2024-08-31 07303241 d:RetainedEarningsAccumulatedLosses 2023-08-31 07303241 c:FRS102 2023-09-01 2024-08-31 07303241 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07303241 c:FullAccounts 2023-09-01 2024-08-31 07303241 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07303241 2 2023-09-01 2024-08-31 07303241 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07303241









MARION LICHTIG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
MARION LICHTIG LIMITED
REGISTERED NUMBER: 07303241

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 5 
988
503

Current assets
  

Debtors: amounts falling due within one year
 6 
21,840
26,136

Cash at bank and in hand
  
41,053
33,887

  
62,893
60,023

Creditors: amounts falling due within one year
 7 
(31,657)
(35,094)

Net current assets
  
 
 
31,236
 
 
24,929

Total assets less current liabilities
  
32,224
25,432

  

Net assets
  
32,224
25,432


Capital and reserves
  

Called up share capital 
  
69
69

Profit and loss account
  
32,155
25,363

  
32,224
25,432


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 on 1 April 2025.

D J Lichtig
Director

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

Page 1

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Marion Lichtig Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Hanbury Drive, Leytonstone, London, E11 1GA. 

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:

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.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Page 2

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life. 

 
2.5

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 following methods.

Depreciation is provided on the following annual bases:

Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
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 the Statement of income and retained earnings.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

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.

 
2.9

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.

Page 3

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
68,000



At 31 August 2024

68,000



Amortisation


At 1 September 2023
68,000



At 31 August 2024

68,000



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 5

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 September 2023
16,520
3,259
19,779


Additions
-
1,227
1,227


Disposals
(16,520)
-
(16,520)



At 31 August 2024

-
4,486
4,486



Depreciation


At 1 September 2023
16,017
3,259
19,276


Charge for the year on owned assets
-
239
239


Disposals
(16,017)
-
(16,017)



At 31 August 2024

-
3,498
3,498



Net book value



At 31 August 2024
-
988
988



At 31 August 2023
503
-
503


6.


Debtors

2024
2023
£
£


Trade debtors
-
163

Other debtors
21,840
25,973

21,840
26,136


Page 6

 
MARION LICHTIG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
40

Corporation tax
7,632
4,454

Other taxation and social security
1,140
-

Other creditors
19,285
27,000

Accruals and deferred income
3,600
3,600

31,657
35,094



8.


Directors' benefits: advances, credit and guarantee

2024
2023
£
£



Balance brought forward
25,497
19,871

Total advances during the year
24,918
29,194

Total credits during the year
(29,423)
(24,075)

Interest charged during the year
848
507

21,840
25,497

 
Page 7