Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01No description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13133214 2023-02-01 2024-01-31 13133214 2022-02-01 2023-01-31 13133214 2024-01-31 13133214 2023-01-31 13133214 c:Director1 2023-02-01 2024-01-31 13133214 d:OfficeEquipment 2023-02-01 2024-01-31 13133214 d:OfficeEquipment 2024-01-31 13133214 d:OfficeEquipment 2023-01-31 13133214 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13133214 d:ComputerEquipment 2023-02-01 2024-01-31 13133214 d:ComputerEquipment 2024-01-31 13133214 d:ComputerEquipment 2023-01-31 13133214 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13133214 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13133214 d:CurrentFinancialInstruments 2024-01-31 13133214 d:CurrentFinancialInstruments 2023-01-31 13133214 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13133214 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13133214 d:ShareCapital 2024-01-31 13133214 d:ShareCapital 2023-01-31 13133214 d:RetainedEarningsAccumulatedLosses 2024-01-31 13133214 d:RetainedEarningsAccumulatedLosses 2023-01-31 13133214 c:FRS102 2023-02-01 2024-01-31 13133214 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13133214 c:FullAccounts 2023-02-01 2024-01-31 13133214 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13133214










SAVILL TRANSFORMATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
SAVILL TRANSFORMATIONS LIMITED
REGISTERED NUMBER: 13133214

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,203
1,649

Current assets
  

Debtors: amounts falling due within one year
 5 
2,481
3,174

Cash at bank and in hand
  
927
2,379

Creditors: amounts falling due within one year
 6 
(6,470)
(4,695)

Net current (liabilities)/assets
  
 
 
(3,062)
 
 
858

  

Net (liabilities)/assets
  
(1,859)
2,507


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(1,861)
2,505

  
(1,859)
2,507


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 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 on: 13 February 2024.




Mr D S M Savill
Director

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

Page 1

 
SAVILL TRANSFORMATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Savill Transformations Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 13133214). Its registered office is 2 Salters Cottages, Glatting Lane, Sutton, Pulborough, West Sussex, England, RH20 1PR. The principal activity of the Company throughout the year continued to be that of management consultancy activities.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the Company to generate profits in the future. The director believes this to be well founded, based on current and expected future levels of activity. The financial statements do not include any adjustments that would result if sufficient profits were not
generated.

 
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:

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.

Page 2

 
SAVILL TRANSFORMATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

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 provided on the following basis:

Office equipment
-
20%
Reducing balance
Computer equipment
-
33%
Reducing balance

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 the Statement of Income and Retained Earnings.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 3

 
SAVILL TRANSFORMATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
1,142
1,528
2,670



At 31 January 2024

1,142
1,528
2,670



Depreciation


At 1 February 2023
392
629
1,021


Charge for the year on owned assets
150
296
446



At 31 January 2024

542
925
1,467



Net book value



At 31 January 2024
600
603
1,203



At 31 January 2023
750
899
1,649


5.


Debtors

2024
2023
£
£


Other debtors
2,481
2,841

Prepayments and accrued income
-
333

2,481
3,174



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
622
1,542

Other creditors
4,300
1,405

Accruals
1,548
1,748

6,470
4,695


Page 4

 
SAVILL TRANSFORMATIONS LIMITED
 
 
Page 5
THIS SCHEDULE IS NOT FOR PUBLICATION