Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-318true2024-01-01falseNo description of principal activity6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14755303 2024-01-01 2024-12-31 14755303 2023-03-24 2023-12-31 14755303 2024-12-31 14755303 2023-12-31 14755303 c:Director4 2024-01-01 2024-12-31 14755303 d:CurrentFinancialInstruments 2024-12-31 14755303 d:CurrentFinancialInstruments 2023-12-31 14755303 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14755303 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14755303 d:ShareCapital 2024-01-01 2024-12-31 14755303 d:ShareCapital 2024-12-31 14755303 d:ShareCapital 2023-03-24 2023-12-31 14755303 d:ShareCapital 2023-12-31 14755303 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14755303 d:RetainedEarningsAccumulatedLosses 2024-12-31 14755303 d:RetainedEarningsAccumulatedLosses 2023-03-24 2023-12-31 14755303 d:RetainedEarningsAccumulatedLosses 2023-12-31 14755303 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14755303 c:OrdinaryShareClass1 2024-12-31 14755303 c:OrdinaryShareClass1 2023-12-31 14755303 c:FRS102 2024-01-01 2024-12-31 14755303 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14755303 c:FullAccounts 2024-01-01 2024-12-31 14755303 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14755303 2 2024-01-01 2024-12-31 14755303 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14755303






IAB LCCI LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
IAB LCCI LIMITED
REGISTERED NUMBER: 14755303

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
292,907
11,499

Cash at bank and in hand
  
6,522
1,271

  
299,429
12,770

Creditors: amounts falling due within one year
  
(248,607)
(2,426)

Net current assets
  
 
 
50,822
 
 
10,344

Total assets less current liabilities
  
50,822
10,344

  

Net assets
  
50,822
10,344


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
 8 
50,821
10,343

  
50,822
10,344


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 comprehensive income 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 16 April 2025.




S A S Palmer
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 1

 
IAB LCCI LIMITED
REGISTERED NUMBER: 14755303
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
IAB LCCI LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
10,343
10,343
Total comprehensive income for the period
-
10,343
10,343


Contributions by and distributions to owners

Shares issued during the period
1
-
1


Total transactions with owners
1
-
1



At 1 January 2024
1
10,343
10,344


Comprehensive income for the year

Profit for the year
-
40,478
40,478
Total comprehensive income for the year
-
40,478
40,478


Total transactions with owners
-
-
-


At 31 December 2024
1
50,821
50,822


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

Page 3

 
IAB LCCI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 following principal accounting policies have been applied:

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
IAB LCCI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.3

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.

 
1.4

Interest income

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

 
1.5

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.

 
1.6

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 reporting date in the countries where the Company operates and generates income.


 
1.7

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

 
IAB LCCI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.8

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.

 
1.9

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees




The average monthly number of employees, including directors, during the year was 8 (2023 - 6).

Page 6

 
IAB LCCI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
860
700

Amounts owed by group companies
292,047
10,799

292,907
11,499



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,522
1,271

6,522
1,271



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,326
-

Corporation tax
9,500
2,426

Other creditors
208,681
-

Accruals and deferred income
2,100
-

248,607
2,426



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 7

 
IAB LCCI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.


9.


Controlling party

The ultimate controlling party is Institute of Accountants and Bookkeepers, a company limited by guarantee and incorporated in England and Wales.

 
Page 8