Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-072025-05-08No description of principal activityfalse22024-01-01true3falsetrue SC534765 2024-01-01 2024-12-31 SC534765 2023-01-01 2023-12-31 SC534765 2024-12-31 SC534765 2023-12-31 SC534765 c:Director1 2024-01-01 2024-12-31 SC534765 c:RegisteredOffice 2024-01-01 2024-12-31 SC534765 d:CurrentFinancialInstruments 2024-12-31 SC534765 d:CurrentFinancialInstruments 2023-12-31 SC534765 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC534765 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC534765 d:ShareCapital 2024-12-31 SC534765 d:ShareCapital 2023-12-31 SC534765 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC534765 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC534765 c:FRS102 2024-01-01 2024-12-31 SC534765 c:Audited 2024-01-01 2024-12-31 SC534765 c:FullAccounts 2024-01-01 2024-12-31 SC534765 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC534765 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC534765 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: SC534765


 
 
 
 
 
 
 
 
 
INTELLIQUIP EUROPE LIMITED
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 DECEMBER 2024

 
INTELLIQUIP EUROPE LIMITED
 

COMPANY INFORMATION


DIRECTORS
J. Mills 

M. Sabin


REGISTERED NUMBER
SC534765



REGISTERED OFFICE
272 Bath Street

Glasgow

G2 4JR




INDEPENDENT AUDITORS
Wilder Coe Ltd
Chartered Accoutants & Statutory Auditors

1st Floor, Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
INTELLIQUIP EUROPE LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
INTELLIQUIP EUROPE LIMITED
REGISTERED NUMBER: SC534765

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
61,906
58,053

Creditors: amounts falling due within one year
 5 
(119,897)
(116,044)

  

NET LIABILITIES
  
(57,991)
(57,991)


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(58,091)
(58,091)

EQUITY SHAREHOLDERS' DEFICIT
  
(57,991)
(57,991)


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 Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
 7 May 2025.




J. Mills
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
INTELLIQUIP EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Intelliquip Europe Ltd (company number: SC534765), having its registered and trading office at 272 Bath Street, Glasgow, Scotland, G2 4JR is a private limited company incorporated in England and Wales. 

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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

GOING CONCERN

The financial statements have been prepared on a going concern basis as the parent company has been committed to provide financial funding support for at least twelve months from the date of signing these financial statements and will not require repayment until the company is able to do so without jeopardising continuation of trading operations.

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

DEBTORS

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

 
2.6

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Short-term creditors are measured at the transaction price. 

Page 2

 
INTELLIQUIP EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors and loans from and to related
parties.
Debt instruments that are payable or receivable within one year, typically trade creditors and debtors,
are measured, initially and subsequently, at the undiscounted amount of cash or other consideration,
expected to be paid or recieved.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is
an approximation of the amount that the Company would receive for the asset if it were to be sold at
the Balance Sheet.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

 
2.8

PENSION

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 the Statement of Income and Retained Earnings 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.

 
2.9

FOREIGN CURRENCY TRANSLATIONS

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (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 the Statement of Income and Retained Earnings.

Page 3

 
INTELLIQUIP EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

  
2.10

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation 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. 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 2 (2023 - 3).







4.


DEBTORS

2024
2023
£
£

Amounts due within one year

Amounts owed by group undertakings
61,906
58,053



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
-
71

Amounts owed to group undertakings
115,277
111,563

Accruals and deferred income
4,620
4,410

119,897
116,044


Page 4

 
INTELLIQUIP EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2023: £1,116). 


7.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available in accordance with Section 33 of Financial Reporting Standard 102 not to disclose transactions entered into between two or more members of the group, as the Company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.


8.


CONTROLLING PARTY

The Company is controlled by Intelliquip Inc, a company registered in the United States of America, by virtue of its shareholding.
The ultimate controlling party is AQ Software, LLC, a company registered in the United States of America.


9.


AUDITORS' INFORMATION

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

The audit report was signed on 8 May 2025 by Caryl King BSc ACA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 5