Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3022true2023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseIT Development servicestrue 03254071 2023-10-01 2024-09-30 03254071 2022-10-01 2023-09-30 03254071 2024-09-30 03254071 2023-09-30 03254071 c:Director1 2023-10-01 2024-09-30 03254071 d:CurrentFinancialInstruments 2024-09-30 03254071 d:CurrentFinancialInstruments 2023-09-30 03254071 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03254071 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03254071 d:ShareCapital 2024-09-30 03254071 d:ShareCapital 2023-09-30 03254071 d:SharePremium 2024-09-30 03254071 d:SharePremium 2023-09-30 03254071 d:RetainedEarningsAccumulatedLosses 2024-09-30 03254071 d:RetainedEarningsAccumulatedLosses 2023-09-30 03254071 c:FRS102 2023-10-01 2024-09-30 03254071 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03254071 c:FullAccounts 2023-10-01 2024-09-30 03254071 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03254071 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 03254071









ITOPICA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ITOPICA LIMITED
REGISTERED NUMBER: 03254071

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,000
3,000

Cash at bank and in hand
  
2,050
100

  
5,050
3,100

Creditors: amounts falling due within one year
 6 
(11,152)
(11,087)

Net current liabilities
  
 
 
(6,102)
 
 
(7,987)

Total assets less current liabilities
  
(6,102)
(7,987)

  

Net liabilities
  
(6,102)
(7,987)


Capital and reserves
  

Called up share capital 
  
112
112

Share premium account
  
10,890
10,890

Profit and loss account
  
(17,104)
(18,989)

  
(6,102)
(7,987)


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 by: 


J J Brewer
Director

Date: 5 June 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 1

 
ITOPICA LIMITED
REGISTERED NUMBER: 03254071
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


Page 2

 
ITOPICA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Itopica Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

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.

 
2.2

Going concern

The company meets its day to day working capital requirements through a Directors loan. The Directors intend to continue to support the company. As a result they have adopted the going concern basis of accounting.

 
2.3

Revenue

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.

 
2.4

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

Page 3

 
ITOPICA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Employees

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


5.


Debtors

2024
2023
£
£


Trade debtors
3,000
3,000

3,000
3,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
10,252
10,205

Accruals and deferred income
900
882

11,152
11,087



7.


Related party transactions

Other creditors include a Directors loan of £10,252 (2023: £10,205) due to J J Brewer.
Sales of £3,000 (2023: £3,000) have been made to a related party Flower Bee Limited.

 
Page 4