Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetrueNo description of principal activity82024-01-01false6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13337058 2024-01-01 2024-12-31 13337058 2023-01-01 2023-12-31 13337058 2024-12-31 13337058 2023-12-31 13337058 c:Director3 2024-01-01 2024-12-31 13337058 d:PlantMachinery 2024-01-01 2024-12-31 13337058 d:PlantMachinery 2024-12-31 13337058 d:PlantMachinery 2023-12-31 13337058 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13337058 d:OfficeEquipment 2024-01-01 2024-12-31 13337058 d:OfficeEquipment 2024-12-31 13337058 d:OfficeEquipment 2023-12-31 13337058 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13337058 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13337058 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 13337058 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 13337058 d:CurrentFinancialInstruments 2024-12-31 13337058 d:CurrentFinancialInstruments 2023-12-31 13337058 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13337058 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13337058 d:ShareCapital 2024-12-31 13337058 d:ShareCapital 2023-12-31 13337058 d:SharePremium 2024-12-31 13337058 d:SharePremium 2023-12-31 13337058 d:RetainedEarningsAccumulatedLosses 2024-12-31 13337058 d:RetainedEarningsAccumulatedLosses 2023-12-31 13337058 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13337058 c:OrdinaryShareClass2 2024-12-31 13337058 c:OrdinaryShareClass2 2023-12-31 13337058 c:OrdinaryShareClass3 2024-01-01 2024-12-31 13337058 c:OrdinaryShareClass3 2024-12-31 13337058 c:OrdinaryShareClass3 2023-12-31 13337058 c:OrdinaryShareClass4 2024-01-01 2024-12-31 13337058 c:OrdinaryShareClass4 2024-12-31 13337058 c:OrdinaryShareClass4 2023-12-31 13337058 c:FRS102 2024-01-01 2024-12-31 13337058 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13337058 c:FullAccounts 2024-01-01 2024-12-31 13337058 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13337058 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 13337058 2 2024-01-01 2024-12-31 13337058 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 13337058 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13337058









LIKE IT LOVE IT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LIKE IT LOVE IT LIMITED
REGISTERED NUMBER: 13337058

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
256,973
135,657

Tangible assets
 5 
29,445
24,804

  
286,418
160,461

Current assets
  

Debtors: amounts falling due within one year
 6 
89,224
70,817

Cash at bank and in hand
 7 
231,179
40,021

  
320,403
110,838

Creditors: amounts falling due within one year
 8 
(518,740)
(218,452)

Net current liabilities
  
 
 
(198,337)
 
 
(107,614)

Total assets less current liabilities
  
88,081
52,847

  

Net assets
  
88,081
52,847


Capital and reserves
  

Called up share capital 
 9 
114
114

Share premium account
  
44,986
44,986

Profit and loss account
  
42,981
7,747

  
88,081
52,847


Page 1

 
LIKE IT LOVE IT LIMITED
REGISTERED NUMBER: 13337058
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 period 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.

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 by: 




C Kier
Director

Date: 19 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Like It Love It Ltd is a private company limited by shares and incorporated in England & Wales (registered number 13337058). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the Company.
 

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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:

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.

 
2.4

Interest income

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

 
2.5

Pensions

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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 reporting date in the countries where the Company operates and generates income.

Page 4

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Office equipment
-
33%

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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

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 period was 8 (2023 - 6).


4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
143,200


Additions
137,558



At 31 December 2024

280,758



Amortisation


At 1 January 2024
7,543


Charge for the period on owned assets
16,242



At 31 December 2024

23,785



Net book value



At 31 December 2024
256,973



At 31 December 2023
135,657



Page 6

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
15,884
32,544
48,428


Additions
6,519
15,589
22,108



At 31 December 2024

22,403
48,133
70,536



Depreciation


At 1 January 2024
3,896
19,728
23,624


Charge for the period on owned assets
5,822
11,645
17,467



At 31 December 2024

9,718
31,373
41,091



Net book value



At 31 December 2024
12,685
16,760
29,445



At 31 December 2023
11,988
12,816
24,804

Page 7

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
23,065
9,748

Other debtors
31,932
19,592

Prepayments and accrued income
34,227
41,477

89,224
70,817



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
231,179
40,021

231,179
40,021



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
19,440
49,078

Corporation tax
3,936
83

Other taxation and social security
7,627
3,685

Other creditors
36,580
60,080

Accruals and deferred income
451,157
105,526

518,740
218,452


Page 8

 
LIKE IT LOVE IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,0005,000 A Ordinary shares of £0.01 each
50
50
5,0005,000 B Ordinary shares of £0.01 each
50
50
1,4291,429 C Ordinary shares of £0.01 each
14
14

114

114


 
Page 9