Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12938517 2021-11-01 2022-10-31 12938517 2020-10-08 2021-10-31 12938517 2022-10-31 12938517 2021-10-31 12938517 c:Director1 2021-11-01 2022-10-31 12938517 d:OfficeEquipment 2021-11-01 2022-10-31 12938517 d:ComputerEquipment 2021-11-01 2022-10-31 12938517 d:ComputerEquipment 2022-10-31 12938517 d:ComputerEquipment 2021-10-31 12938517 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 12938517 d:CurrentFinancialInstruments 2022-10-31 12938517 d:CurrentFinancialInstruments 2021-10-31 12938517 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12938517 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 12938517 d:ShareCapital 2022-10-31 12938517 d:ShareCapital 2021-10-31 12938517 d:RetainedEarningsAccumulatedLosses 2022-10-31 12938517 d:RetainedEarningsAccumulatedLosses 2021-10-31 12938517 c:FRS102 2021-11-01 2022-10-31 12938517 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 12938517 c:FullAccounts 2021-11-01 2022-10-31 12938517 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 12938517









AVANAYA CONSULTANCY LIMITED LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
AVANAYA CONSULTANCY LIMITED LIMITED
REGISTERED NUMBER: 12938517

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,424
702

  
1,424
702

Current assets
  

Debtors: amounts falling due within one year
 5 
7,000
18,333

Cash at bank and in hand
 6 
136,151
20,786

  
143,151
39,119

Creditors: amounts falling due within one year
 7 
(38,702)
(15,467)

Net current assets
  
 
 
104,449
 
 
23,652

Total assets less current liabilities
  
105,873
24,354

  

Net assets
  
105,873
24,354


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
105,872
24,353

  
105,873
24,354


Page 1

 
AVANAYA CONSULTANCY LIMITED LIMITED
REGISTERED NUMBER: 12938517
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

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 her 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 Gorin
Director

Date: 30 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AVANAYA CONSULTANCY LIMITED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Avanaya Consultancy Limited Limited is a private company, limited by shares, registered in England and Wales (registered number: 12938517).
The company's registered office address is 3 Ludlow Mews, Peterborough, England, PE3 6BW.
The principal activity of the company is that of consultancy services.
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.

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

 
AVANAYA CONSULTANCY LIMITED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

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

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.

 
2.5

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:

Office equipment
-
25%
Computer equipment
-
25%

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.

Page 4

 
AVANAYA CONSULTANCY LIMITED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 5

 
AVANAYA CONSULTANCY LIMITED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2021
822


Additions
948



At 31 October 2022

1,770



Depreciation


At 1 November 2021
120


Charge for the year on owned assets
226



At 31 October 2022

346



Net book value



At 31 October 2022
1,424


5.


Debtors

2022
2021
£
£


Trade debtors
7,000
18,333

7,000
18,333



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
136,151
20,786

136,151
20,786


Page 6

 
AVANAYA CONSULTANCY LIMITED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
32,762
11,636

Other creditors
440
831

Accruals and deferred income
5,500
3,000

38,702
15,467


 
Page 7