Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08735304 2022-11-01 2023-10-31 08735304 2021-11-01 2022-10-31 08735304 2023-10-31 08735304 2022-10-31 08735304 c:Director1 2022-11-01 2023-10-31 08735304 d:OfficeEquipment 2022-11-01 2023-10-31 08735304 d:OfficeEquipment 2023-10-31 08735304 d:OfficeEquipment 2022-10-31 08735304 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08735304 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 08735304 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 08735304 d:Goodwill 2023-10-31 08735304 d:Goodwill 2022-10-31 08735304 d:CurrentFinancialInstruments 2023-10-31 08735304 d:CurrentFinancialInstruments 2022-10-31 08735304 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08735304 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08735304 d:ShareCapital 2023-10-31 08735304 d:ShareCapital 2022-10-31 08735304 d:SharePremium 2023-10-31 08735304 d:SharePremium 2022-10-31 08735304 d:RetainedEarningsAccumulatedLosses 2023-10-31 08735304 d:RetainedEarningsAccumulatedLosses 2022-10-31 08735304 c:FRS102 2022-11-01 2023-10-31 08735304 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08735304 c:FullAccounts 2022-11-01 2023-10-31 08735304 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08735304 2 2022-11-01 2023-10-31 08735304 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 08735304 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-11-01 2023-10-31 08735304 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 08735304










ALIBRATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ALIBRATE LIMITED
REGISTERED NUMBER: 08735304

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
478
1,077

Tangible assets
 5 
1,036
212

  
1,514
1,289

Current assets
  

Stocks
  
37,414
37,667

Debtors: amounts falling due within one year
 6 
11,633
9,927

Bank and cash balances
  
10,497
47,597

  
59,544
95,191

Creditors: amounts falling due within one year
 7 
(98,627)
(73,947)

Net current (liabilities)/assets
  
 
 
(39,083)
 
 
21,244

Total assets less current liabilities
  
(37,569)
22,533

  

Net (liabilities)/assets
  
(37,569)
22,533


Capital and reserves
  

Called up share capital 
  
135
135

Share premium account
  
99,965
99,965

Profit and loss account
  
(137,669)
(77,567)

  
(37,569)
22,533


Page 1

 
ALIBRATE LIMITED
REGISTERED NUMBER: 08735304
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 11 July 2024.




A L Ehrmann
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Alibrate Limited (08735304) is a private company limited by shares and incorporated in England. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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 following principal accounting policies have been applied:

 
2.2

Going concern

During the period under review the company made a trading loss of £60,102 (2022 - £21,892). The company ended the period with a deficit balance sheet of £37,569 (2022 - £22,533 positive). This may call into question the company's continued ability to trade.
The company continues to be supported financially by the directors and this support will remain for the foreseeable future.
The director therefore considers it is appropriate for the accounts to be prepared on a going concern basis.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

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

Page 3

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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% 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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.

Page 4

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.

 
2.12

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 5

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 November 2022
5,778
5,000
10,778



At 31 October 2023

5,778
5,000
10,778



Amortisation


At 1 November 2022
4,701
5,000
9,701


Charge for the year on owned assets
599
-
599



At 31 October 2023

5,300
5,000
10,300



Net book value



At 31 October 2023
478
-
478



At 31 October 2022
1,077
-
1,077



Page 6

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
2,149


Additions
1,167



At 31 October 2023

3,316



Depreciation


At 1 November 2022
1,937


Charge for the year on owned assets
343



At 31 October 2023

2,280



Net book value



At 31 October 2023
1,036



At 31 October 2022
212


6.


Debtors

2023
2022
£
£


Trade debtors
11,633
9,927

11,633
9,927


Page 7

 
ALIBRATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,715
7,608

Other taxation and social security
3,790
6,867

Other creditors
86,622
57,972

Accruals and deferred income
1,500
1,500

98,627
73,947


 
Page 8