Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity2023-08-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 7720546 2023-08-01 2024-07-31 7720546 2022-08-01 2023-07-31 7720546 2024-07-31 7720546 2023-07-31 7720546 c:Director1 2023-08-01 2024-07-31 7720546 d:FurnitureFittings 2023-08-01 2024-07-31 7720546 d:FurnitureFittings 2024-07-31 7720546 d:FurnitureFittings 2023-07-31 7720546 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 7720546 d:OfficeEquipment 2023-08-01 2024-07-31 7720546 d:OfficeEquipment 2024-07-31 7720546 d:OfficeEquipment 2023-07-31 7720546 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 7720546 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 7720546 d:CurrentFinancialInstruments 2024-07-31 7720546 d:CurrentFinancialInstruments 2023-07-31 7720546 d:Non-currentFinancialInstruments 2024-07-31 7720546 d:Non-currentFinancialInstruments 2023-07-31 7720546 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 7720546 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 7720546 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 7720546 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 7720546 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 7720546 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 7720546 d:ShareCapital 2024-07-31 7720546 d:ShareCapital 2023-07-31 7720546 d:RetainedEarningsAccumulatedLosses 2024-07-31 7720546 d:RetainedEarningsAccumulatedLosses 2023-07-31 7720546 c:FRS102 2023-08-01 2024-07-31 7720546 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 7720546 c:FullAccounts 2023-08-01 2024-07-31 7720546 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 7720546 2 2023-08-01 2024-07-31 7720546 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 7720546









IT VISION CONSULTANCY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
IT VISION CONSULTANCY SERVICES LIMITED
REGISTERED NUMBER: 7720546

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,039
9,385

  
7,039
9,385

Current assets
  

Debtors: amounts falling due within one year
 6 
50,924
30,865

Cash at bank and in hand
 7 
27
32,999

  
50,951
63,864

Creditors: amounts falling due within one year
 8 
(36,722)
(36,843)

Net current assets
  
 
 
14,229
 
 
27,021

Total assets less current liabilities
  
21,268
36,406

Creditors: amounts falling due after more than one year
 9 
(21,195)
(36,325)

  

Net assets
  
73
81


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
71
79

  
73
81


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 year 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 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 11 April 2025.

Page 1

 
IT VISION CONSULTANCY SERVICES LIMITED
REGISTERED NUMBER: 7720546
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

Richard Soetan
Director

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

Page 2

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The company is limited by shares and incorporated in England. The address of the registerd office is
given in the company information page of these financial statements. The company's principal activity is
that of provision of IT consultancy services.

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 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:

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 Profit and loss account 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

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
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:

Fixtures and fittings
-
25% on a reducing balance
Office equipment
-
25% on a reducing balance

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.

 
2.9

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 4

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

2024
2023
£
£

Wages and salaries
39,000
37,550

Cost of defined contribution scheme
810
797

39,810
38,347


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


4.


Dividends

2024
2023
£
£


Dividends analysis - Equity
19,800
37,700

19,800
37,700

Page 5

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
14,316
5,766
20,082



At 31 July 2024

14,316
5,766
20,082



Depreciation


At 1 August 2023
6,264
4,433
10,697


Charge for the year on owned assets
2,013
333
2,346



At 31 July 2024

8,277
4,766
13,043



Net book value



At 31 July 2024
6,039
1,000
7,039



At 31 July 2023
8,052
1,333
9,385


6.


Debtors

2024
2023
£
£


Other debtors
50,924
30,865

50,924
30,865



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
27
32,999

27
32,999


Page 6

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,161
17,161

Corporation tax
13,620
11,848

Other taxation and social security
4,061
5,801

Other creditors
201
355

Accruals and deferred income
1,679
1,678

36,722
36,843



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,195
36,325

21,195
36,325



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,161
17,161


17,161
17,161


Amounts falling due 2-5 years

Bank loans
21,195
36,325


21,195
36,325


38,356
53,486


Page 7

 
IT VISION CONSULTANCY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £810 (2023 - £792).
Contributions totalling £201 (2023 - £355) were payable to the fund at the balance sheet date and are
included in creditors.

 
Page 8