Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-022025-05-02true2024-01-01falseThe Company's principal activity is the provision of information technology consultancy activities.22falsefalse 10960759 2024-01-01 2024-12-31 10960759 2023-01-01 2023-12-31 10960759 2024-12-31 10960759 2023-12-31 10960759 c:Director2 2024-01-01 2024-12-31 10960759 d:ComputerEquipment 2024-01-01 2024-12-31 10960759 d:ComputerEquipment 2024-12-31 10960759 d:ComputerEquipment 2023-12-31 10960759 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10960759 d:CurrentFinancialInstruments 2024-12-31 10960759 d:CurrentFinancialInstruments 2023-12-31 10960759 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10960759 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10960759 d:ShareCapital 2024-12-31 10960759 d:ShareCapital 2023-12-31 10960759 d:RetainedEarningsAccumulatedLosses 2024-12-31 10960759 d:RetainedEarningsAccumulatedLosses 2023-12-31 10960759 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10960759 c:OrdinaryShareClass1 2024-12-31 10960759 c:OrdinaryShareClass1 2023-12-31 10960759 c:FRS102 2024-01-01 2024-12-31 10960759 c:Audited 2024-01-01 2024-12-31 10960759 c:FullAccounts 2024-01-01 2024-12-31 10960759 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10960759 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10960759 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10960759









AICOMP UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
AICOMP UK LIMITED
REGISTERED NUMBER: 10960759

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
3,409
1,455

  
3,409
1,455

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
18,473
57,787

Cash at bank and in hand
  
50,998
66,716

  
69,471
124,503

Creditors: amounts falling due within one year
 7 
(92,377)
(118,598)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(22,906)
 
 
5,905

NET (LIABILITIES)/ASSETS
  
(19,497)
7,360


CAPITAL AND RESERVES
  

Called up share capital 
 8 
25,000
25,000

Profit and loss account
  
(44,497)
(17,640)

  
(19,497)
7,360


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 by: 




K Harvey
Director

Date: 2 May 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
AICOMP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

AICOMP UK Limited is a private company limited by shares, incorporated in England and Wales. It's registered office is Salisbury House, Station Road, Cambridge CB1 2LA.

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

GOING CONCERN

The directors have prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
The ultimate parent undertaking, AICOMP Group AG, has provided written confirmation that it will provide the necessary financial support to allow the Company to continue in operational existence and enable it to meet its liabilities for a period of not less than 12 months from the date of approval of these financial statements.
Given the liquidity of the Company at the date of signing the financial statements, together with the group support, the directors believe that the Company is adequately placed to manage its business risks successfully and the Company will have adequate financial resources available to meet its liabilities as they fall due.

 
2.3

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.

Page 2

 
AICOMP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the year, exclusive of Value Added Tax. Turnover is recognised as the fair value of the consideration received or receivable and is recognised in line with the provision of services.

 
2.5

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.

 
2.6

PENSIONS

The Company operates a defined contribution scheme for its employees. A defined contribution scheme 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 other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
4
years

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.

Page 3

 
AICOMP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.


3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Management do not consider there to be any significant or material judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses in the financial statements.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
AICOMP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST


At 1 January 2024
8,978


Additions
2,771



At 31 December 2024

11,749



DEPRECIATION


At 1 January 2024
7,523


Charge for the year
817



At 31 December 2024

8,340



NET BOOK VALUE



At 31 December 2024
3,409



At 31 December 2023
1,455


6.


DEBTORS

2024
2023
£
£


Amounts owed by group undertakings
4,637
56,657

Other debtors
429
975

Prepayments and accrued income
13,407
155

18,473
57,787


Page 5

 
AICOMP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
710
622

Amounts owed to group undertakings
71,152
102,989

Other taxation and social security
6,615
10,035

Other creditors
-
1,202

Accruals and deferred income
13,900
3,750

92,377
118,598


Amounts owed to group undertakings include a loan due to a fellow subsidiary undertaking which is unsecured, bears interest at 4% per annum and is repayable on demand.
Other creditors include contributions of £NIL (2023 - £1,202) payable to the Company's defined contribution pension scheme at the balance sheet date.


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



25,000 (2023 - 25,000) Ordinary shares of £1.00 each
25,000
25,000



9.


CONTROLLING PARTY

The immediate parent undertaking is AICOMP Group AG, which holds 100% of the Company's issued share capital.
The parent undertaking of the smallest and largest group to consolidate the results of the Company is that headed by AICOMP Group AG, a private company limited by shares and incorporated in Switzerland. Its registered office is Bottighoferstrasse 1, 8280 Kreuzlingen.
There is no ultimate controlling party as no single shareholder exercises overall control.


10.


AUDITOR'S INFORMATION

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 2 May 2025 by James Burrett (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 6