Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31true2false2023-07-01consultancy services2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10805266 2023-07-01 2023-12-31 10805266 2022-07-01 2023-06-30 10805266 2023-12-31 10805266 2023-06-30 10805266 c:Director1 2023-07-01 2023-12-31 10805266 d:FurnitureFittings 2023-07-01 2023-12-31 10805266 d:FurnitureFittings 2023-12-31 10805266 d:FurnitureFittings 2023-06-30 10805266 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2023-12-31 10805266 d:OfficeEquipment 2023-07-01 2023-12-31 10805266 d:OfficeEquipment 2023-12-31 10805266 d:OfficeEquipment 2023-06-30 10805266 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2023-12-31 10805266 d:OwnedOrFreeholdAssets 2023-07-01 2023-12-31 10805266 d:CurrentFinancialInstruments 2023-12-31 10805266 d:CurrentFinancialInstruments 2023-06-30 10805266 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10805266 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10805266 d:ShareCapital 2023-12-31 10805266 d:ShareCapital 2023-06-30 10805266 d:RetainedEarningsAccumulatedLosses 2023-12-31 10805266 d:RetainedEarningsAccumulatedLosses 2023-06-30 10805266 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 10805266 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 10805266 c:FRS102 2023-07-01 2023-12-31 10805266 c:AuditExempt-NoAccountantsReport 2023-07-01 2023-12-31 10805266 c:AbridgedAccounts 2023-07-01 2023-12-31 10805266 c:PrivateLimitedCompanyLtd 2023-07-01 2023-12-31 10805266 2 2023-07-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10805266









CONSUNOVA EU LTD
FORMALLY KNOW AS BEEBY AVIONICS CONSULTING LTD








FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023


 
CONSUNOVA EU LTD
REGISTERED NUMBER:10805266

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,753
321

  
10,753
321

Current assets
  

Debtors
 5 
64,562
85,495

Cash at bank and in hand
 6 
85,165
29,069

  
149,727
114,564

Creditors: amounts falling due within one year
 7 
(158,802)
(95,273)

Net current (liabilities)/assets
  
 
 
(9,075)
 
 
19,291

Total assets less current liabilities
  
1,678
19,612

Net assets
  
1,678
19,612


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
678
18,612

Shareholders' funds
  
1,678
19,612


Page 1


 
CONSUNOVA EU LTD
REGISTERED NUMBER:10805266
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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 on 13 February 2024.




Mr M Beeby
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares. The registered office is located at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
The company’s principal activity continues to be that of consultancy services.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Page 3


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 and value added tax. 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.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

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


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
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:

Fixtures and fittings
-
Office equipment
-
3 year 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.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

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
Page 5


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.

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.

 
2.12

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 (2023 -2).

Page 6


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
-
3,743
3,743


Additions
5,521
6,062
11,583


Disposals
-
(2,334)
(2,334)



At 31 December 2023

5,521
7,471
12,992



Depreciation


At 1 July 2023
-
3,422
3,422


Charge for the period on owned assets
-
1,151
1,151


Disposals
-
(2,334)
(2,334)



At 31 December 2023

-
2,239
2,239



Net book value



At 31 December 2023
5,521
5,232
10,753



At 30 June 2023
-
321
321


5.


Debtors

31 December
30 June
2023
2023
£
£


Trade debtors
59,234
30,231

Other debtors
5,328
55,265

64,562
85,496


Page 7


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

31 December
30 June
2023
2023
£
£

Cash at bank and in hand
85,165
29,069

85,165
29,069



7.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2023
£
£

Trade creditors
69,405
28,349

Corporation tax
84,118
65,537

Other taxation and social security
1,769
-

Accruals and deferred income
3,510
1,387

158,802
95,273



8.


Financial instruments

31 December
30 June
2023
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
85,165
29,069




Financial assets measured at fair value through profit or loss comprise solely of cash at bank and in hand.


9.


Transactions with directors

Included in other debtors due within one year is a loan to the directors, Mr M and Mrs S Beeby amounting to £5,328 (30 June 2023 - £55,265).  Interest has been charged at the official rate set by HMRC.
 

Page 8


 
CONSUNOVA EU LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Controlling party

The company was controlled throughout the current and previous period by its directors, Mr M Beeby and Mrs S Beeby, by virtue of the fact that between them they own all of the company’s ordinary issued share capital.
 
Page 9