Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31trueNo description of principal activity2022-06-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10783835 2022-06-01 2023-05-31 10783835 2021-06-01 2022-05-31 10783835 2023-05-31 10783835 2022-05-31 10783835 c:Director1 2022-06-01 2023-05-31 10783835 d:FurnitureFittings 2022-06-01 2023-05-31 10783835 d:FurnitureFittings 2023-05-31 10783835 d:FurnitureFittings 2022-05-31 10783835 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10783835 d:ComputerEquipment 2022-06-01 2023-05-31 10783835 d:ComputerEquipment 2023-05-31 10783835 d:ComputerEquipment 2022-05-31 10783835 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10783835 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10783835 d:CurrentFinancialInstruments 2023-05-31 10783835 d:CurrentFinancialInstruments 2022-05-31 10783835 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10783835 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10783835 d:ShareCapital 2023-05-31 10783835 d:ShareCapital 2022-05-31 10783835 d:RetainedEarningsAccumulatedLosses 2023-05-31 10783835 d:RetainedEarningsAccumulatedLosses 2022-05-31 10783835 c:FRS102 2022-06-01 2023-05-31 10783835 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10783835 c:FullAccounts 2022-06-01 2023-05-31 10783835 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10783835 2 2022-06-01 2023-05-31 10783835 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 10783835









SMALIOR LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SMALIOR LTD
REGISTERED NUMBER: 10783835

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
304
1,052

Investments
 5 
200,000
200,000

  
200,304
201,052

Current assets
  

Debtors: amounts falling due within one year
 6 
39,718
-

Cash at bank and in hand
  
32,696
11,440

  
72,414
11,440

Creditors: amounts falling due within one year
 7 
(140,652)
(140,429)

Net current liabilities
  
 
 
(68,238)
 
 
(128,989)

Total assets less current liabilities
  
132,066
72,063

  

Net assets
  
132,066
72,063


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
131,866
71,863

  
132,066
72,063


Page 1

 
SMALIOR LTD
REGISTERED NUMBER: 10783835
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

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 by: 




Lior Eisenberg
Director

Date: 1 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SMALIOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Smalior Ltd is a private company, limited by shares, registered in England and Wales (Registered number 10783835). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH 
The financial statements are presented in Sterling, which is the functional currency of the company.

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.

 
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

Interest income

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

 
2.4

Borrowing costs

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

 
2.5

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
SMALIOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

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:

Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

Page 4

 
SMALIOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

2023
£

Wages and salaries
8,400

8,400


The average monthly number of employees, including directors, during the year was 2.


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
24,678
3,876
28,554



At 31 May 2023

24,678
3,876
28,554



Depreciation


At 1 June 2022
24,528
2,974
27,502


Charge for the year on owned assets
139
609
748



At 31 May 2023

24,667
3,583
28,250



Net book value



At 31 May 2023
11
293
304



At 31 May 2022
150
902
1,052

Page 5

 
SMALIOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2022
200,000



At 31 May 2023
200,000





6.


Debtors

2023
2022
£
£


Other debtors
39,718
-

39,718
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
91,888
91,888

Corporation tax
33,287
28,999

Other taxation and social security
11,977
6,625

Other creditors
-
9,415

Accruals and deferred income
3,500
3,502

140,652
140,429


 
Page 6