Caseware UK (AP4) 2023.0.135 2023.0.135 2022-08-01falseNo description of principal activity15586truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09091806 2022-08-01 2023-07-31 09091806 2021-08-01 2022-07-31 09091806 2023-07-31 09091806 2022-07-31 09091806 c:Director1 2022-08-01 2023-07-31 09091806 d:PlantMachinery 2022-08-01 2023-07-31 09091806 d:FurnitureFittings 2022-08-01 2023-07-31 09091806 d:FurnitureFittings 2023-07-31 09091806 d:FurnitureFittings 2022-07-31 09091806 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09091806 d:OfficeEquipment 2022-08-01 2023-07-31 09091806 d:OfficeEquipment 2023-07-31 09091806 d:OfficeEquipment 2022-07-31 09091806 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09091806 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09091806 d:CurrentFinancialInstruments 2023-07-31 09091806 d:CurrentFinancialInstruments 2022-07-31 09091806 d:Non-currentFinancialInstruments 2023-07-31 09091806 d:Non-currentFinancialInstruments 2022-07-31 09091806 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09091806 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09091806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09091806 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09091806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 09091806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 09091806 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 09091806 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 09091806 d:ShareCapital 2023-07-31 09091806 d:ShareCapital 2022-07-31 09091806 d:RetainedEarningsAccumulatedLosses 2023-07-31 09091806 d:RetainedEarningsAccumulatedLosses 2022-07-31 09091806 c:FRS102 2022-08-01 2023-07-31 09091806 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09091806 c:FullAccounts 2022-08-01 2023-07-31 09091806 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09091806 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09091806 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 09091806 d:OtherDeferredTax 2023-07-31 09091806 d:OtherDeferredTax 2022-07-31 09091806 6 2022-08-01 2023-07-31 09091806 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 09091806










Always Flourishing International Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2023

 
Always Flourishing International Ltd
Registered number: 09091806

Statement of Financial Position
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,854
3,617

Current assets
  

Debtors: amounts falling due within one year
 5 
738,685
596,108

Bank and cash balances
  
136,403
4,257

  
875,088
600,365

Creditors: amounts falling due within one year
 6 
(425,532)
(382,750)

Net current assets
  
 
 
449,556
 
 
217,615

Total assets less current liabilities
  
453,410
221,232

Creditors: amounts falling due after more than one year
 7 
(24,108)
(33,206)

Provisions for liabilities
  

Deferred tax
 9 
(832)
(832)

Net assets
  
 
 
428,470
 
 
187,194


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
428,466
187,190

  
428,470
187,194


Page 1

 
Always Flourishing International Ltd
Registered number: 09091806
    
Statement of Financial Position (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 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 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 5 March 2024.




V L Nyssen
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

1.


General information

Always Flourishing Internantional Ltd (09091806) is a private company limited by shares. It is incorporated in England & Wales. The registered office is Abacus House, Horseshoe Road, Pangboume, Berkshire, RG8 7JQ.

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

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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.

Page 3

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33% on cost and 20% on 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 profit or loss.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

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 reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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.

Page 4

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.9

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.

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 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.

 
2.10

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

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.

Page 5

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.12

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 155 (2022 - 86).

Page 6

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
7,816
3,876
11,692


Additions
-
2,342
2,342


Disposals
-
(1,954)
(1,954)



At 31 July 2023

7,816
4,264
12,080



Depreciation


At 1 August 2022
6,083
1,992
8,075


Charge for the year on owned assets
347
1,063
1,410


Disposals
-
(1,259)
(1,259)



At 31 July 2023

6,430
1,796
8,226



Net book value



At 31 July 2023
1,386
2,468
3,854



At 31 July 2022
1,733
1,884
3,617

Page 7

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

5.


Debtors

2023
2022
£
£


Trade debtors
163,337
209,656

Other debtors
561,892
370,507

Prepayments and accrued income
13,456
15,945

738,685
596,108


Included within other debtors due within one year is a loan to V L Nyssen, a director, amounting to
£416,745 ( 2022 - £273,708). The loan is interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
86,813

Bank loans
9,094
9,687

Trade creditors
9,517
9,186

Corporation tax
168,053
62,101

Other taxation and social security
225,376
202,744

Other creditors
4,282
320

Accruals and deferred income
9,210
11,899

425,532
382,750



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,108
33,206

24,108
33,206


Page 8

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,094
9,687

Amounts falling due 1-2 years

Bank loans
10,162
9,094

Amounts falling due 2-5 years

Bank loans
13,948
24,111


33,204
42,892


Page 9

 
Always Flourishing International Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2023

9.


Deferred taxation




2023


£






At beginning of year
(832)



At end of year
(832)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(905)
(905)

Short term timing differences
73
73

(832)
(832)

 
Page 10