Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseConsultancy11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08131253 2023-08-01 2024-07-31 08131253 2022-08-01 2023-07-31 08131253 2024-07-31 08131253 2023-07-31 08131253 c:Director1 2023-08-01 2024-07-31 08131253 d:FurnitureFittings 2023-08-01 2024-07-31 08131253 d:FurnitureFittings 2024-07-31 08131253 d:FurnitureFittings 2023-07-31 08131253 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08131253 d:CurrentFinancialInstruments 2024-07-31 08131253 d:CurrentFinancialInstruments 2023-07-31 08131253 d:Non-currentFinancialInstruments 2024-07-31 08131253 d:Non-currentFinancialInstruments 2023-07-31 08131253 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08131253 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08131253 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 08131253 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08131253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 08131253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 08131253 d:ShareCapital 2024-07-31 08131253 d:ShareCapital 2023-07-31 08131253 d:RetainedEarningsAccumulatedLosses 2024-07-31 08131253 d:RetainedEarningsAccumulatedLosses 2023-07-31 08131253 c:FRS102 2023-08-01 2024-07-31 08131253 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08131253 c:FullAccounts 2023-08-01 2024-07-31 08131253 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08131253 2 2023-08-01 2024-07-31 08131253 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 08131253









THEIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
THEIC LIMITED
REGISTERED NUMBER: 08131253

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,978
2,247

  
2,978
2,247

Current assets
  

Debtors: amounts falling due within one year
 5 
182,085
183,467

Cash at bank and in hand
 6 
2,249
7,690

  
184,334
191,157

Creditors: amounts falling due within one year
 7 
(16,923)
(28,997)

Net current assets
  
 
 
167,411
 
 
162,160

Total assets less current liabilities
  
170,389
164,407

Creditors: amounts falling due after more than one year
 8 
(6,569)
(12,569)

  

Net assets
  
163,820
151,838


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
163,720
151,738

  
163,820
151,838


Page 1

 
THEIC LIMITED
REGISTERED NUMBER: 08131253
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 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 29 April 2025.




................................................
Timothy John Atkinson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THEIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was the provision of intelligent 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 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:

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 profit or loss 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

 
THEIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

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
-
20%
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.

 
2.8

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.

 
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. 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.

 
2.10

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.
Page 4

 
THEIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

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

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


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2023
9,392


Additions
1,501



At 31 July 2024

10,893



Depreciation


At 1 August 2023
7,145


Charge for the year on owned assets
770



At 31 July 2024

7,915



Net book value



At 31 July 2024
2,978



At 31 July 2023
2,247

Page 5

 
THEIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
182,085
182,085

Other debtors
-
1,382

182,085
183,467



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,249
7,690

2,249
7,690



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,000

Corporation tax
2,793
-

Other taxation and social security
601
2,519

Other creditors
6,202
18,113

Accruals and deferred income
1,327
2,365

16,923
28,997



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,569
12,569

6,569
12,569


Page 6

 
THEIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,000
6,000

Amounts falling due 1-2 years

Bank loans
6,569
12,569


12,569
18,569



10.


Controlling party

The Company is controlled by the director, Timothy John Atkinson, by virtue of his shareholding as described in the Director's report.

 
Page 7