Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-011falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC438131 2022-01-01 2022-12-31 SC438131 2021-01-01 2021-12-31 SC438131 2022-12-31 SC438131 2021-12-31 SC438131 2021-01-01 SC438131 c:RestatedAmount 2021-12-31 SC438131 d:Director1 2022-01-01 2022-12-31 SC438131 c:Buildings c:LongLeaseholdAssets 2022-01-01 2022-12-31 SC438131 c:Buildings c:LongLeaseholdAssets 2022-12-31 SC438131 c:Buildings c:LongLeaseholdAssets 2021-12-31 SC438131 c:CurrentFinancialInstruments 2022-12-31 SC438131 c:CurrentFinancialInstruments 2021-12-31 SC438131 c:Non-currentFinancialInstruments 2022-12-31 SC438131 c:Non-currentFinancialInstruments 2021-12-31 SC438131 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 SC438131 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 SC438131 c:ShareCapital 2022-01-01 2022-12-31 SC438131 c:ShareCapital 2022-12-31 SC438131 c:ShareCapital 2021-12-31 SC438131 c:ShareCapital 2021-01-01 SC438131 c:SharePremium 2022-01-01 2022-12-31 SC438131 c:SharePremium 2022-12-31 SC438131 c:SharePremium 2021-12-31 SC438131 c:SharePremium c:RestatedAmount 2021-12-31 SC438131 c:SharePremium 2021-01-01 SC438131 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 SC438131 c:RetainedEarningsAccumulatedLosses 2022-12-31 SC438131 c:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 SC438131 c:RetainedEarningsAccumulatedLosses 2021-12-31 SC438131 c:RetainedEarningsAccumulatedLosses c:RestatedAmount 2021-12-31 SC438131 c:RetainedEarningsAccumulatedLosses 2021-01-01 SC438131 d:FRS102 2022-01-01 2022-12-31 SC438131 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 SC438131 d:FullAccounts 2022-01-01 2022-12-31 SC438131 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 SC438131 c:WithinOneYear 2022-12-31 SC438131 c:WithinOneYear 2021-12-31 SC438131 c:BetweenOneFiveYears 2022-12-31 SC438131 c:BetweenOneFiveYears 2021-12-31 SC438131 c:MoreThanFiveYears 2022-12-31 SC438131 c:MoreThanFiveYears 2021-12-31 SC438131 c:SharePremium c:PriorPeriodErrorIncreaseDecrease 2022-01-01 2022-12-31 SC438131 c:RetainedEarningsAccumulatedLosses c:PriorPeriodErrorIncreaseDecrease 2022-01-01 2022-12-31 SC438131 c:PriorPeriodErrorIncreaseDecrease 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: SC438131










DAYNART LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
DAYNART LIMITED
REGISTERED NUMBER: SC438131

BALANCE SHEET
AS AT 31 DECEMBER 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
53,053
-

  
53,053
-

Current assets
  

Debtors: amounts falling due after more than one year
 6 
132,500
-

Debtors: amounts falling due within one year
 6 
620,085
2,321

Cash at bank and in hand
  
44,232
16,505

  
796,817
18,826

Creditors: amounts falling due within one year
 7 
(135,740)
(18,825)

Net current assets
  
 
 
661,077
 
 
1

Total assets less current liabilities
  
714,130
1

  

Net assets
  
714,130
1


Capital and reserves
  

Called up share capital 
  
49
1

Share premium account
  
839,952
-

Profit and loss account
  
(125,871)
-

  
714,130
1

Page 1

 
DAYNART LIMITED
REGISTERED NUMBER: SC438131
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 profit and loss account or the director's report 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: 




Ammad Hussain
Director

Date: 1 October 2023

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
DAYNART LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2021
1
-
24,135
24,136



Loss for the year
-
-
(6,330)
(6,330)

Dividends: Equity capital
-
-
(17,805)
(17,805)



At 1 January 2022 (as previously stated)
1
-
17,805
17,806

Prior year adjustment
-
-
(17,805)
(17,805)


At 1 January 2022 (as restated)
1
-
-
1



Loss for the year
-
-
(125,871)
(125,871)

Shares issued during the year
48
839,952
-
840,000


At 31 December 2022
49
839,952
(125,871)
714,130


The notes on pages 4 to 8 form part of these financial statements.
Page 3

 
DAYNART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Daynart Limited is a private company limited by shares, registered in Scotland. The registered office is 5 Rubislaw Terrace, Aberdeen, Scotland, AB10 1XE. The company number is SC438131.

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

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

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

 
DAYNART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
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.

Depreciation is provided on the following basis:

Long-term leasehold property
-
evenly over the lease term

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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

 
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.

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.
 
Page 5

 
DAYNART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.6
Financial instruments (continued)


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.

 
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 year was 1 (2021 - 1).


4.


Taxation

The Company has trade losses carried forward of £132,934 (2021: £19,382).




Page 6

 
DAYNART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


Additions
55,006



At 31 December 2022

55,006



Depreciation


Charge for the year on owned assets
1,953



At 31 December 2022

1,953



Net book value



At 31 December 2022
53,053



At 31 December 2021
-


6.


Debtors

2022
2021
£
£

Due after more than one year

Other debtors
132,500
-


2022
2021
£
£

Due within one year

Trade debtors
751
689

Called up share capital not paid
529,353
-

Prepayments and accrued income
89,981
1,632

620,085
2,321


Page 7

 
DAYNART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Trade creditors
23,556
-

Other creditors
107,084
17,984

Accruals and deferred income
5,100
841

135,740
18,825



8.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.







9.


Prior year adjustment

The prior year comparatives have been restated due to the omission of a dividend in the financial statements. The overall effect of the prior year adjustment is an increase in creditors of £17,805, with a corresponding decrease in the profit and loss reserve. There is no impact on the reported profit for the period.


10.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
265,000
-

Later than 1 year and not later than 5 years
1,060,000
-

Later than 5 years
3,975,000
-

5,300,000
-

 
Page 8