Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsetrue1819trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03777518 2024-01-01 2024-12-31 03777518 2023-01-01 2023-12-31 03777518 2024-12-31 03777518 2023-12-31 03777518 c:Director2 2024-01-01 2024-12-31 03777518 d:PlantMachinery 2024-01-01 2024-12-31 03777518 d:PlantMachinery 2024-12-31 03777518 d:PlantMachinery 2023-12-31 03777518 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03777518 d:FurnitureFittings 2024-01-01 2024-12-31 03777518 d:OfficeEquipment 2024-01-01 2024-12-31 03777518 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 03777518 d:CurrentFinancialInstruments 2024-12-31 03777518 d:CurrentFinancialInstruments 2023-12-31 03777518 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03777518 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03777518 d:ShareCapital 2024-12-31 03777518 d:ShareCapital 2023-12-31 03777518 d:RetainedEarningsAccumulatedLosses 2024-12-31 03777518 d:RetainedEarningsAccumulatedLosses 2023-12-31 03777518 c:FRS102 2024-01-01 2024-12-31 03777518 c:Audited 2024-01-01 2024-12-31 03777518 c:FullAccounts 2024-01-01 2024-12-31 03777518 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03777518 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03777518










FOODCHAIN ID CERTIFICATION LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FOODCHAIN ID CERTIFICATION LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 9


 
FOODCHAIN ID CERTIFICATION LIMITED
REGISTERED NUMBER: 03777518

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Tangible assets
 4 
5,062
1,512

Current assets
  

Debtors: amounts falling due within one year
 5 
2,046,285
1,312,603

Cash at bank and in hand
  
190,926
164,904

  
2,237,211
1,477,507

Creditors: amounts falling due within one year
 6 
(1,059,427)
(751,795)

Net current assets
  
 
 
1,177,784
 
 
725,712

Total assets less current liabilities
  
1,182,846
727,224

Provisions for liabilities
  

Deferred tax
  
(3,194)
(3,194)

Net assets
  
1,179,652
724,030


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,179,650
724,028

  
1,179,652
724,030


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 on 27 August 2025.




C. Parmar
Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Foodchain ID Certification Limited (the Company) is a private company limited by shares. The Company is incorporated and domiciled in England. The address of its registered office is Blackbrook Hall, London Road, Lichfield, England, WS14 0PS, which is also the address of its principal place of business.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company had net assets of £1,179,652 (2023: £724,030) at the Balance sheet date and made a
profit before tax of £455,622 (2023: £325,829). Having reviewed the Company's forecasts and
expected future trading for a period of at least 12 months from the date of signing the accounts, the directors believe that the Company remains a going concern and as such the financial statements have been prepared on this basis.
Fellow subsidiary, Hamilton Grant Software Ltd. has provided financial support to the Company for the forseeable future and for a period of at least 12 months from the date of signing the financial statements. This support will take the form of an undertaking not to require repayment of the balances owing to it either in preference to other creditors or to the extent that it impedes the Company from carrying out its normal trading activities or meeting its debts as they fall due and the provision of any financial support that the entity may require to continue as a going concern.

 
2.3

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.

Page 2

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

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

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

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.

Page 4

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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 and the reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
On a straight line basis
Fixtures and fittings
-
25%
On a straight line basis
Office equipment
-
15%
On a reducing balance basis
Computer equipment
-
50%
On a straight line basis

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.

The following asset classes detailed above are included within 'Plant and equipment': Fixtures and fittings, Office equipment and Computer equipment.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 5

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally 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.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.




 
Page 6

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 19).


4.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 January 2024
105,500


Additions
8,423



At 31 December 2024

113,923



Depreciation


At 1 January 2024
103,988


Charge for the year
4,873



At 31 December 2024

108,861



Net book value



At 31 December 2024
5,062



At 31 December 2023
1,512

Page 7

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
535,670
339,366

Amounts owed by group undertakings
1,475,741
948,093

Other debtors
6,281
3,350

Prepayments and accrued income
28,593
21,794

2,046,285
1,312,603


Amounts owed by group undertakings are interest free, unsecured, and repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
189,936
164,827

Amounts owed to group undertakings
437,677
322,835

Corporation tax
1,743
1,743

Other taxation and social security
72,887
57,465

Other creditors
32,783
8,501

Accruals and deferred income
324,401
196,424

1,059,427
751,795


Amounts owed to group undertakings are interest free, unsecured and repayable on demand.


7.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £38,109 (2023: £44,642). The contribution payable at the year end amounted to £8,408 (2023: £8,501).


8.


Related party transactions

The Company has taken advantage of the exemption available under Section 33.1A of FRS 102 from disclosing related party transactions and balances with other companies that are wholly owned as part of a group.

Page 8

 
FOODCHAIN ID CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Controlling party

The ultimate parent company is FCID Holdings, Inc, a company incorporated and domiciled in the USA.
The results of the Company are included within the consolidated financial statements of P&P Food Safety Holdings (Delaware), Inc., a company incorporated and domiciled in the USA which is a fully-owned subsidiary of FCID Holdings, Inc. The parent undertaking of the largest group that the company is a part of for which consolidated financial statements are prepared is FCID Holdings Inc.


10.


Auditor's information

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

The audit report was signed on 28 August 2025 by Martin Ramsey BSc (Hons) FCCA (Senior Statutory Auditor) on behalf of MHA.
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)

 
Page 9