Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue2023-01-01falseNo description of principal activity3125trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06911565 2023-01-01 2023-12-31 06911565 2022-01-01 2022-12-31 06911565 2023-12-31 06911565 2022-12-31 06911565 2022-01-01 06911565 c:Director1 2023-01-01 2023-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2023-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2022-12-31 06911565 d:FurnitureFittings 2023-01-01 2023-12-31 06911565 d:FurnitureFittings 2023-12-31 06911565 d:FurnitureFittings 2022-12-31 06911565 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06911565 d:ComputerEquipment 2023-01-01 2023-12-31 06911565 d:ComputerEquipment 2023-12-31 06911565 d:ComputerEquipment 2022-12-31 06911565 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06911565 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06911565 d:CurrentFinancialInstruments 2023-12-31 06911565 d:CurrentFinancialInstruments 2022-12-31 06911565 d:Non-currentFinancialInstruments 2023-12-31 06911565 d:Non-currentFinancialInstruments 2022-12-31 06911565 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06911565 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06911565 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06911565 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06911565 d:ShareCapital 2023-12-31 06911565 d:ShareCapital 2022-12-31 06911565 d:CapitalRedemptionReserve 2023-12-31 06911565 d:CapitalRedemptionReserve 2022-12-31 06911565 d:RetainedEarningsAccumulatedLosses 2023-12-31 06911565 d:RetainedEarningsAccumulatedLosses 2022-12-31 06911565 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06911565 c:OrdinaryShareClass1 2023-12-31 06911565 c:OrdinaryShareClass1 2022-12-31 06911565 c:FRS102 2023-01-01 2023-12-31 06911565 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06911565 c:FullAccounts 2023-01-01 2023-12-31 06911565 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06911565 d:WithinOneYear 2023-12-31 06911565 d:WithinOneYear 2022-12-31 06911565 d:BetweenOneFiveYears 2023-12-31 06911565 d:BetweenOneFiveYears 2022-12-31 06911565 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06911565 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06911565 2 2023-01-01 2023-12-31 06911565 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06911565










AVANTI RECRUITMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
AVANTI RECRUITMENT LIMITED
REGISTERED NUMBER: 06911565

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,587
29,984

  
29,587
29,984

Current assets
  

Debtors: amounts falling due within one year
 5 
446,356
721,559

Cash at bank and in hand
 6 
540,700
522,060

  
987,056
1,243,619

Creditors: amounts falling due within one year
 7 
(490,513)
(700,156)

Net current assets
  
 
 
496,543
 
 
543,463

Total assets less current liabilities
  
526,130
573,447

Creditors: amounts falling due after more than one year
 8 
(81,055)
(130,710)

Provisions for liabilities
  

Deferred tax
 10 
(4,818)
(3,360)

  
 
 
(4,818)
 
 
(3,360)

Net assets
  
440,257
439,377


Capital and reserves
  

Called up share capital 
 11 
100
100

Capital redemption reserve
  
50
50

Profit and loss account
  
440,107
439,227

  
440,257
439,377


Page 1

 
AVANTI RECRUITMENT LIMITED
REGISTERED NUMBER: 06911565

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 profit and loss account 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: 




................................................
M P Simpson
Director

Date: 9 August 2024

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

Page 2

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Avanti Recruitment Limted is a private company, limited by share capital and incorporated in England and Wales. 
The Company's registered office and principal place of business is 30-31 Friar Street, Reading, England, RG1 1DX.

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

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.

 
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.

Page 3

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases

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

 
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 Profit and Loss Account in the same period as the related expenditure.

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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:

Short-term leasehold property
-
25% straight line
Fixtures and fittings
-
33% straight line and 25% reducing balance
Computer equipment
-
33% 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.

 
2.9

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.

Page 4

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

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.

 
2.14

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.

 
2.15

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

 
2.16

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.

Page 5

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2022 - 25).

Page 6

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
40,149
15,972
99,061
155,182


Additions
-
2,562
13,530
16,092



At 31 December 2023

40,149
18,534
112,591
171,274



Depreciation


At 1 January 2023
23,595
13,563
88,041
125,199


Charge for the year on owned assets
6,238
1,863
8,387
16,488



At 31 December 2023

29,833
15,426
96,428
141,687



Net book value



At 31 December 2023
10,316
3,108
16,163
29,587



At 31 December 2022
16,554
2,410
11,020
29,984

Page 7

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Trade debtors
354,655
628,591

Other debtors
1,469
19,767

Called up share capital not paid
-
50

Prepayments and accrued income
90,232
73,151

446,356
721,559



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
540,700
522,060

Less: bank overdrafts
-
(2,413)

540,700
519,647



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
2,413

Bank loans
50,000
50,000

Trade creditors
46,309
4,404

Corporation tax
134,304
176,603

Other taxation and social security
59,760
76,846

Other creditors
39,228
33,313

Accruals and deferred income
160,912
356,577

490,513
700,156



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
81,055
130,710

81,055
130,710


Page 8

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
50,000
50,000

Amounts falling due 1-2 years

Bank loans
50,000
50,000

Amounts falling due 2-5 years

Bank loans
31,055
80,710


131,055
180,710



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(3,360)
(2,919)


Charged to profit or loss
(1,458)
(441)



At end of year
(4,818)
(3,360)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,818)
(3,360)

(4,818)
(3,360)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100


Page 9

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £52,935 (2022: £88,849). Contributions totalling £nil (2022: £4,546) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
67,234
51,730

Later than 1 year and not later than 5 years
70,499
108,017

137,733
159,747


14.


Related party transactions

At the year end £19,422 (2022: £19,422) was owed to the director, this amount is interest free and repayable upon demand.


15.


Controlling party

The Company is controlled by its directors. 


Page 10