Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 No description of principal activity 2 2024-01-01 false 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 1157995 2024-01-01 2024-12-31 1157995 2023-01-01 2023-12-31 1157995 2024-12-31 1157995 2023-12-31 1157995 c:Director2 2024-01-01 2024-12-31 1157995 d:Buildings 2024-01-01 2024-12-31 1157995 d:Buildings 2024-12-31 1157995 d:Buildings 2023-12-31 1157995 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 1157995 d:FurnitureFittings 2024-01-01 2024-12-31 1157995 d:FurnitureFittings 2024-12-31 1157995 d:FurnitureFittings 2023-12-31 1157995 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 1157995 d:OfficeEquipment 2024-01-01 2024-12-31 1157995 d:OfficeEquipment 2024-12-31 1157995 d:OfficeEquipment 2023-12-31 1157995 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 1157995 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 1157995 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 1157995 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 1157995 d:CurrentFinancialInstruments 2024-12-31 1157995 d:CurrentFinancialInstruments 2023-12-31 1157995 d:Non-currentFinancialInstruments 2024-12-31 1157995 d:Non-currentFinancialInstruments 2023-12-31 1157995 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 1157995 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 1157995 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 1157995 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 1157995 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 1157995 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 1157995 d:ShareCapital 2024-12-31 1157995 d:ShareCapital 2023-12-31 1157995 d:RetainedEarningsAccumulatedLosses 2024-12-31 1157995 d:RetainedEarningsAccumulatedLosses 2023-12-31 1157995 c:FRS102 2024-01-01 2024-12-31 1157995 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 1157995 c:FullAccounts 2024-01-01 2024-12-31 1157995 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 1157995 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 1157995 FISA (GREAT BRITAIN) LTD. UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
FISA (GREAT BRITAIN) LTD. CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FISA (GREAT BRITAIN) LTD. FOR THE YEAR ENDED 31 DECEMBER 2024 In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of FISA (Great Britain) Ltd. for the year ended 31 December 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given me. As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of FISA (Great Britain) Ltd., as a body, in accordance with the terms of my engagement letter dated 22/01/2019. My work has been undertaken solely to prepare for your approval the financial statements of FISA (Great Britain) Ltd. and state those matters that I have agreed to state to the Board of directors of FISA (Great Britain) Ltd., as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than FISA (Great Britain) Ltd. and its Board of directors, as a body, for my work or for this report. It is your duty to ensure that FISA (Great Britain) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FISA (Great Britain) Ltd.. You consider that FISA (Great Britain) Ltd. is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit or review of the financial statements of FISA (Great Britain) Ltd.. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements. Drennan & Co Chartered Accountants 64 Belsize Park London NW3 4EH 27 January 2025 Page 1
FISA (GREAT BRITAIN) LTD. REGISTERED NUMBER: 1157995 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 45,050 |  | 46,044
|  |  | 45,050 |  | 46,044
Current assets |  |  |  |  |
Stocks |  | 75,161 |  | 80,525 |
Debtors: amounts falling due within one year | 6 | 23,855 |  | 35,538 |
Cash at bank and in hand | 7 | 6,295 |  | 19,689 |
|  | 105,311 |  | 135,752 |
Creditors: amounts falling due within one year | 8 | (76,180) |  | (105,765) |
Net current assets |  |  | 29,131 |  | 29,987
Total assets less current liabilities |  |  | 74,181 |  | 76,031
Creditors: amounts falling due after more than one year | 9 |  | (65,858) |  | (63,834)
Net assets |  |  | 8,323 |  | 12,197
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 327,200 |  | 327,200
Profit and loss account |  |  | (318,877) |  | (315,003)
|  |  | 8,323 |  | 12,197
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. 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 27 January 2025. Page 2
FISA (GREAT BRITAIN) LTD. REGISTERED NUMBER: 1157995 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024
M. Rodriguez
Director
The notes on pages 4 to 9 form part of these financial statements. Page 3
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The entity is a limited company registered in England & Wales. 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 | Going concern
The company has incurred losses. Continuance of the business is dependent on the continuing support of the company's bankers and directors. The going concern basis of accounting has been used.
| 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: 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | 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. Page 4
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | 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:
|  |  |  | Freehold property | - | 2% |
|  |  |  | Fixtures & fittings | - | 15% |
|  |  |  | Office equipment | - | 15% |
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.
| 2.7 | 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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet 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.
3. | Employees
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Wages and salaries | 47,500 | 45,402
|  | 47,500 | 45,402
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
Page 5
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Intangible assets
|  | Patents
|  | £
| Cost |
| At 1 January 2024 | 4,715
| At 31 December 2024 | 4,715
| Amortisation |
| At 1 January 2024 | 4,715
| At 31 December 2024 | 4,715
| Net book value |
| At 31 December 2024 | -
| At 31 December 2023 | -
Page 6
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Freehold property | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2024 | 77,425 | 22,875 | 15,936 | 116,236
| At 31 December 2024 | 77,425 | 22,875 | 15,936 | 116,236
| Depreciation |  |  |  |
| At 1 January 2024 | 31,383 | 22,874 | 15,935 | 70,192
| Charge for the year on owned assets | 994 | - | - | 994
| At 31 December 2024 | 32,377 | 22,874 | 15,935 | 71,186
| Net book value |  |  |  |
| At 31 December 2024 | 45,048 | 1 | 1 | 45,050
| At 31 December 2023 | 46,042 | 1 | 1 | 46,044
| The company moved out of its freehold premises in London N1 in October 2002 to premises in Bromley, Kent. The Bromley property was exchanged for the London N1 premises. Legal completion of the transaction took place in July 2004 and was recorded at the Land Registry on 29 November 2004. The property continues to be shown in the note above at the original cost of the London N1 premises.
Page 7
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 23,482 | 35,538
| Other debtors | 373 | -
|  | 23,855 | 35,538
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 6,295 | 19,689
|  | 6,295 | 19,689
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 18,319 | 26,406
| Trade creditors | 53,106 | 72,214
| Other taxation and social security | 4,755 | 7,145
|  | 76,180 | 105,765
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 18,406 | 26,406
|  | 18,406 | 26,406
| Details of security provided:
The bank loans are secured on the freehold property and other assets of the business. Page 8
FISA (GREAT BRITAIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 14,350 | 22,550
| Other loans | 51,508 | 41,284
|  | 65,858 | 63,834
| The other loan is unsecured and interest free. The Bank loan is under the Bounce Back Scheme.
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 18,319 | 26,406
|  | 18,319 | 26,406
| Amounts falling due 1-2 years |  |
| Bank loans | 14,350 | 22,550
| Other loans | 51,508 | 41,284
|  | 65,858 | 63,834
|  | 84,177 | 90,240
Page 9