Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-30true2024-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14547114 2024-01-01 2024-12-31 14547114 2022-12-19 2023-12-31 14547114 2024-12-31 14547114 2023-12-31 14547114 c:Director2 2024-01-01 2024-12-31 14547114 d:CurrentFinancialInstruments 2024-12-31 14547114 d:CurrentFinancialInstruments 2023-12-31 14547114 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14547114 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14547114 d:ShareCapital 2024-01-01 2024-12-31 14547114 d:ShareCapital 2024-12-31 14547114 d:ShareCapital 2022-12-19 2023-12-31 14547114 d:ShareCapital 2023-12-31 14547114 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14547114 d:RetainedEarningsAccumulatedLosses 2024-12-31 14547114 d:RetainedEarningsAccumulatedLosses 2022-12-19 2023-12-31 14547114 d:RetainedEarningsAccumulatedLosses 2023-12-31 14547114 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14547114 c:OrdinaryShareClass1 2024-12-31 14547114 c:OrdinaryShareClass1 2023-12-31 14547114 c:FRS102 2024-01-01 2024-12-31 14547114 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14547114 c:FullAccounts 2024-01-01 2024-12-31 14547114 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14547114 2 2024-01-01 2024-12-31 14547114 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14547114






NISOPROJECT LIMITED

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

 
NISOPROJECT LIMITED
REGISTERED NUMBER: 14547114

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
44,336
-

Debtors: amounts falling due within one year
  
-
3,236

Cash at bank and in hand
  
70,307
97,737

  
114,643
100,973

Creditors: amounts falling due within one year
  
(52,650)
(9,237)

Net current assets
  
 
 
61,993
 
 
91,736

Total assets less current liabilities
  
61,993
91,736

  

Net assets
  
61,993
91,736


Capital and reserves
  

Called up share capital 
 7 
100,000
100,000

Profit and loss account
  
(38,007)
(8,264)

  
61,993
91,736


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.

Page 1

 
NISOPROJECT LIMITED
REGISTERED NUMBER: 14547114
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 30 May 2025.




N Sorbac
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
NISOPROJECT 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

Loss for the period
-
(8,264)
(8,264)
Total comprehensive income for the period
-
(8,264)
(8,264)


Contributions by and distributions to owners

Shares issued during the period
100,000
-
100,000


Total transactions with owners
100,000
-
100,000



At 1 January 2024
100,000
(8,264)
91,736


Comprehensive income for the year

Loss for the year
-
(29,743)
(29,743)
Total comprehensive income for the year
-
(29,743)
(29,743)


Total transactions with owners
-
-
-


At 31 December 2024
100,000
(38,007)
61,993


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
NISOPROJECT 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.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

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

1.Accounting policies (continued)

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.5

Interest income

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

 
1.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a SELECT OR ENTER METHOD basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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.

 
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.

Page 5

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

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 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
-
3,236

-
3,236



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
70,307
97,737

70,307
97,737


Page 6

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,107
-

Other taxation and social security
1,332
-

Other creditors
45,211
4,237

Accruals and deferred income
5,000
5,000

52,650
9,237



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares of £1.00 each
100,000
100,000


 
Page 7