Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falsetrue1No description of principal activity2022-09-01false1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07254205 2022-09-01 2023-08-31 07254205 2021-09-01 2022-08-31 07254205 2023-08-31 07254205 2022-08-31 07254205 c:Director1 2022-09-01 2023-08-31 07254205 d:CurrentFinancialInstruments 2023-08-31 07254205 d:CurrentFinancialInstruments 2022-08-31 07254205 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07254205 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 07254205 d:ShareCapital 2023-08-31 07254205 d:ShareCapital 2022-08-31 07254205 d:RetainedEarningsAccumulatedLosses 2023-08-31 07254205 d:RetainedEarningsAccumulatedLosses 2022-08-31 07254205 c:FRS102 2022-09-01 2023-08-31 07254205 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07254205 c:FullAccounts 2022-09-01 2023-08-31 07254205 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07254205 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 07254205






ALVAGO LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 AUGUST 2023

 
ALVAGO LIMITED
REGISTERED NUMBER: 07254205

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
955
1,255

Cash at bank and in hand
  
886
31

  
1,841
1,286

Creditors: amounts falling due within one year
 6 
(29,033)
(26,386)

Net current liabilities
  
 
 
(27,192)
 
 
(25,100)

Total assets less current liabilities
  
(27,192)
(25,100)

  

Net liabilities
  
(27,192)
(25,100)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(27,193)
(25,101)

  
(27,192)
(25,100)


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 9 April 2024.




F. Gottardo
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
ALVAGO LIMITED
REGISTERED NUMBER: 07254205
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023


Page 2

 
ALVAGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Alvago Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts have been prepared on the going concern basis. The shareholder has expressed a
commitment to continue to support the company financially.

 
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 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;
 the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

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

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
ALVAGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.8

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt.

 
2.9

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.


3.


Employees

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


4.


Taxation



Factors affecting tax charge for the year

The company has a tax loss for the year.



Factors that may affect future tax charges

The company has tax losses of £18,388 to carry forward for offset against future profits.

Page 4

 
ALVAGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


VAT repayable
150
450

CEWU Ltd Loan
805
805

955
1,255



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,820
6,380

Other creditors
20,813
17,606

Accruals
2,400
2,400

29,033
26,386


 
Page 5