Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 false 2024-08-01 2 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 15350362 2024-08-01 2025-07-31 15350362 2023-12-14 2024-07-31 15350362 2025-07-31 15350362 2024-07-31 15350362 c:Director2 2024-08-01 2025-07-31 15350362 d:CurrentFinancialInstruments 2025-07-31 15350362 d:CurrentFinancialInstruments 2024-07-31 15350362 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 15350362 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15350362 d:ShareCapital 2025-07-31 15350362 d:ShareCapital 2024-07-31 15350362 d:RetainedEarningsAccumulatedLosses 2025-07-31 15350362 d:RetainedEarningsAccumulatedLosses 2024-07-31 15350362 c:OrdinaryShareClass1 2024-08-01 2025-07-31 15350362 c:OrdinaryShareClass1 2025-07-31 15350362 c:OrdinaryShareClass1 2024-07-31 15350362 c:OrdinaryShareClass2 2024-08-01 2025-07-31 15350362 c:OrdinaryShareClass2 2025-07-31 15350362 c:OrdinaryShareClass2 2024-07-31 15350362 c:OrdinaryShareClass3 2024-08-01 2025-07-31 15350362 c:OrdinaryShareClass3 2025-07-31 15350362 c:OrdinaryShareClass3 2024-07-31 15350362 c:FRS102 2024-08-01 2025-07-31 15350362 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 15350362 c:FullAccounts 2024-08-01 2025-07-31 15350362 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 15350362 6 2024-08-01 2025-07-31 15350362 e:PoundSterling 2024-08-01 2025-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15350362 ITVET GROUP LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
ITVET GROUP LIMITED REGISTERED NUMBER: 15350362 BALANCE SHEET AS AT 31 JULY 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 35 |  | 35
|  |  | 35 |  | 35
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 330 |  | 330 |
|  | 330 |  | 330 |
Creditors: amounts falling due within one year |  | (5,475) |  | (15) |
Net current (liabilities)/assets |  |  | (5,145) |  | 315
Total assets less current liabilities |  |  | (5,110) |  | 350
Net (liabilities)/assets |  |  | (5,110) |  | 350
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 350 |  | 350
Profit and loss account |  |  | (5,460) |  | -
|  |  | (5,110) |  | 350
Page 1
ITVET GROUP LIMITED REGISTERED NUMBER: 15350362 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 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 income and retained earnings 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:
Daryl Fuller
Director
Date: 12 April 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
ITVET GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
ITVET Group is a private company limited by shares incorporated by shares in England within the United Kingdom. The address of the registered office is ITVET House, London Road, Bishop's Stortford, Hertfordshire, CM23 3DT. The Company is part of a group. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 directors consider that it is appropriate for the Company financial statements to continue to be prepared on a going concern basis. The main creditor is capital owed to the subsidiary entity who have confirmed that they will not seek repayment of amounts owed until the Company is in a financially stable position to do so.
| 2.3 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.4 | 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.
| 2.5 | 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 3
ITVET GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are carried at their amortised cost using the effective interest rate method. Page 4
ITVET GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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. 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.
| 2.7 | 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 2 (2024 - 2)
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 August 2024 (as previously stated) | 350
| Prior Year Adjustment | (315)
| At 1 August 2024 (as restated) | 35
| At 31 July 2025 | 35
Page 5
ITVET GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Debtors
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 330 | 330
|  | 330 | 330
6. | Creditors: Amounts falling due within one year
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 2,640 | -
| Other creditors | 15 | 15
| Accruals and deferred income | 2,820 | -
|  | 5,475 | 15
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 150 (2024 - 150) Ordinary shares of £1.00 each | 150 | 150
|  | 100 (2024 - 100) Ordinary 'B' shares of £1.00 each | 100 | 100
|  | 100 (2024 - 100) Ordinary 'C' shares of £1.00 each | 100 | 100
|  |  | 350 | 350
8. | Prior year adjustment
Within the preparation of the financial statements for the year ended 31 July 2025, an error was identified in respect of the cost of the fixed asset investment in ITVET Limited. The cost of the share capital in ITVET Limited was incorrectly stated as £350. The correct value of the investment is £35. The impact of correcting this error on the 2024 financial statements is as follows: - Fixed Asset Investments: Decreased by £315 - Other Debtors: Increased by £330 - Other Creditors: Increased by £15 The Company has restated its 2024 comparatives within the 2025 financial statements to reflect this correction. Page 6
ITVET GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
9. | Related party transactions
| During the year, the company operated a loan account with the directors. At the end of the year, the directors owed the company a total of £330 (2024 - £330). These loans are interest free and is repayable on demand. During the year, the company operated a loan account with a subsidiary company. The loan is interest free and repayable on demand. The balance outstanding at the year end is:
|  | 2025 | 2024
|  | £ | £
| Amounts owed to subsidiary company | 2,640 | -
|  | 2,640 | -
Page 7