Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true2023-07-01falseNo description of principal activity1615trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05167136 2023-07-01 2024-06-30 05167136 2022-07-01 2023-06-30 05167136 2024-06-30 05167136 2023-06-30 05167136 c:Director1 2023-07-01 2024-06-30 05167136 d:PlantMachinery 2023-07-01 2024-06-30 05167136 d:PlantMachinery 2024-06-30 05167136 d:PlantMachinery 2023-06-30 05167136 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05167136 d:OfficeEquipment 2023-07-01 2024-06-30 05167136 d:OfficeEquipment 2024-06-30 05167136 d:OfficeEquipment 2023-06-30 05167136 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05167136 d:ComputerEquipment 2023-07-01 2024-06-30 05167136 d:ComputerEquipment 2024-06-30 05167136 d:ComputerEquipment 2023-06-30 05167136 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05167136 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05167136 d:Goodwill 2024-06-30 05167136 d:Goodwill 2023-06-30 05167136 d:CurrentFinancialInstruments 2024-06-30 05167136 d:CurrentFinancialInstruments 2023-06-30 05167136 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05167136 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05167136 d:ShareCapital 2024-06-30 05167136 d:ShareCapital 2023-06-30 05167136 d:RetainedEarningsAccumulatedLosses 2024-06-30 05167136 d:RetainedEarningsAccumulatedLosses 2023-06-30 05167136 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05167136 c:OrdinaryShareClass1 2024-06-30 05167136 c:OrdinaryShareClass1 2023-06-30 05167136 c:FRS102 2023-07-01 2024-06-30 05167136 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05167136 c:FullAccounts 2023-07-01 2024-06-30 05167136 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05167136 2 2023-07-01 2024-06-30 05167136 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05167136





 
 
 
 
 
 
 
 
 
 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
REGISTERED NUMBER:05167136

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
18,843
16,474

  
18,843
16,474

Current assets
  

Debtors: amounts falling due within one year
 6 
582,574
406,881

Cash at bank and in hand
 7 
1,453
104,664

  
584,027
511,545

Creditors: amounts falling due within one year
 8 
(424,084)
(453,067)

Net current assets
  
 
 
159,943
 
 
58,478

  

Net assets
  
178,786
74,952


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
178,686
74,852

  
178,786
74,952


Page 1

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
REGISTERED NUMBER:05167136
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 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: 




Mr A N Jemal
Director

Date: 25 June 2025

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

Page 2

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company, limited by shares, registered in the United Kingdom, registration number 05167136. The registered office is 69 London Road, St. Albans, United Kingdom, AL1 1LN.

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

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.

 
2.3

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.

 
2.4

Interest income

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

 
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.

Page 3

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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:

Office equipment
-
Straight line over 4 years
Computer equipment
-
Straight line over 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 year was 16 (2023 - 15).

Page 5

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
449,999



At 30 June 2024

449,999



Amortisation


At 1 July 2023
449,999



At 30 June 2024

449,999



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Website
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
3,240
28,425
38,895
70,560


Additions
-
7,500
1,031
8,531



At 30 June 2024

3,240
35,925
39,926
79,091



Depreciation


At 1 July 2023
3,240
26,362
24,484
54,086


Charge for the year on owned assets
-
2,016
4,146
6,162



At 30 June 2024

3,240
28,378
28,630
60,248



Net book value



At 30 June 2024
-
7,547
11,296
18,843



At 30 June 2023
-
2,063
14,411
16,474

Page 7

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
205,639
42,730

Other debtors
376,935
364,151

582,574
406,881



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,453
104,664

Less: bank overdrafts
(24,757)
(15,719)

(23,304)
88,945



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
24,757
15,719

Trade creditors
106,503
33,961

Corporation tax
206,143
156,974

Other taxation and social security
20,331
119,700

Other creditors
56,780
120,346

Accruals and deferred income
9,570
6,367

424,084
453,067


The bank overdraft of £24,757 (2023: £15,719) is secured by the company. 


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2020: 100) Ordinary shares of £1.00 each
100
100


Page 8

 
ST ALBANS INDEPENDENT COLLEGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Transactions with directors

At the balance sheet date, there is a balance of £288,972 (2023: £279,414) due from Mr A N Jemal, the director of the company. Interest amounting to £7,301 (2023: £5,717) has been charged at 2.25% (2023: 2 - 2.25%) and is included within other debtors. The balance is unsecured and repayable on demand.

 
Page 9