Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falseNo description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12108020 2022-08-01 2023-07-31 12108020 2021-08-01 2022-07-31 12108020 2023-07-31 12108020 2022-07-31 12108020 c:Director1 2022-08-01 2023-07-31 12108020 d:MotorVehicles 2022-08-01 2023-07-31 12108020 d:MotorVehicles 2023-07-31 12108020 d:MotorVehicles 2022-07-31 12108020 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12108020 d:OfficeEquipment 2022-08-01 2023-07-31 12108020 d:OfficeEquipment 2023-07-31 12108020 d:OfficeEquipment 2022-07-31 12108020 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12108020 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12108020 d:CurrentFinancialInstruments 2023-07-31 12108020 d:CurrentFinancialInstruments 2022-07-31 12108020 d:Non-currentFinancialInstruments 2023-07-31 12108020 d:Non-currentFinancialInstruments 2022-07-31 12108020 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12108020 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12108020 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12108020 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 12108020 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 12108020 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 12108020 d:ShareCapital 2023-07-31 12108020 d:ShareCapital 2022-07-31 12108020 d:RetainedEarningsAccumulatedLosses 2023-07-31 12108020 d:RetainedEarningsAccumulatedLosses 2022-07-31 12108020 c:FRS102 2022-08-01 2023-07-31 12108020 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12108020 c:FullAccounts 2022-08-01 2023-07-31 12108020 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12108020 2 2022-08-01 2023-07-31 12108020 6 2022-08-01 2023-07-31 12108020 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12108020









ALA SEARCH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
ALA SEARCH LIMITED
REGISTERED NUMBER: 12108020

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,589
2,101

Investments
 5 
1,241,554
80,820

  
1,255,143
82,921

Current assets
  

Debtors: amounts falling due within one year
 6 
12,812
23,836

Cash at bank and in hand
  
328,104
1,416,856

  
340,916
1,440,692

Creditors: amounts falling due within one year
 7 
(196,418)
(324,678)

Net current assets
  
 
 
144,498
 
 
1,116,014

Total assets less current liabilities
  
1,399,641
1,198,935

Creditors: amounts falling due after more than one year
 8 
(5,163)
-

  

Net assets
  
1,394,478
1,198,935


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,394,477
1,198,934

  
1,394,478
1,198,935


Page 1

 
ALA SEARCH LIMITED
REGISTERED NUMBER: 12108020
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 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: 




A Bord
Director

Date: 16 January 2024

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

Page 2

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

ALA Search Limited is a private company limited by shares and incorporated in England & Wales (registered number 12108020). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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, 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.

 
2.4

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

Page 4

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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.

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:

Motor vehicles
-
25%
straight - line
Office equipment
-
25%
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

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 balance sheet 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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 5

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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

2023
£

Wages and salaries
48,629

Social security costs
154

Cost of defined contribution scheme
120,000

168,783


The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
-
3,116
3,116


Additions
14,515
-
14,515



At 31 July 2023

14,515
3,116
17,631



Depreciation


At 1 August 2022
-
1,015
1,015


Charge for the year on owned assets
2,248
779
3,027



At 31 July 2023

2,248
1,794
4,042



Net book value



At 31 July 2023
12,267
1,322
13,589



At 31 July 2022
-
2,101
2,101

Page 6

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
80,820


Additions
1,172,087


Disposals
(11,353)



At 31 July 2023
1,241,554




Page 7

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Debtors

2023
2022
£
£


Other debtors
12,812
23,836

12,812
23,836



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
3,873
-

Corporation tax
82,144
181,792

Other creditors
108,401
140,886

Accruals and deferred income
2,000
2,000

196,418
324,678



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
5,163
-

5,163
-


Page 8

 
ALA SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
3,873
-


3,873
-

Amounts falling due 1-2 years

Other loans
5,163
-


5,163
-



9,036
-


 
Page 9