Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity2023-01-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC209352 2023-01-01 2023-12-31 SC209352 2022-01-01 2022-12-31 SC209352 2023-12-31 SC209352 2022-12-31 SC209352 c:CompanySecretary1 2023-01-01 2023-12-31 SC209352 c:Director1 2023-01-01 2023-12-31 SC209352 c:RegisteredOffice 2023-01-01 2023-12-31 SC209352 d:ComputerEquipment 2023-01-01 2023-12-31 SC209352 d:ComputerEquipment 2023-12-31 SC209352 d:ComputerEquipment 2022-12-31 SC209352 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC209352 d:CurrentFinancialInstruments 2023-12-31 SC209352 d:CurrentFinancialInstruments 2022-12-31 SC209352 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC209352 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC209352 d:ShareCapital 2023-12-31 SC209352 d:ShareCapital 2022-12-31 SC209352 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC209352 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC209352 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC209352 c:OrdinaryShareClass1 2023-12-31 SC209352 c:FRS102 2023-01-01 2023-12-31 SC209352 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC209352 c:FullAccounts 2023-01-01 2023-12-31 SC209352 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC209352 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC209352










AVANTI GRAPHIC DESIGN LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
AVANTI GRAPHIC DESIGN LTD.
 

COMPANY INFORMATION


Director
Elizabeth Hughes (nee Miller) 




Company secretary
Donna Miller - resigned 28 July 2024



Registered number
SC209352



Registered office
11 North Street
Milnathort

Kinross-Shire

KY13 9YF




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
AVANTI GRAPHIC DESIGN LTD.
REGISTERED NUMBER: SC209352

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
417
764

  
417
764

Current assets
  

Debtors: amounts falling due within one year
 5 
1,025
-

Cash at bank and in hand
  
100
57

  
1,125
57

Creditors: amounts falling due within one year
 6 
(40,078)
(39,328)

Net current liabilities
  
 
 
(38,953)
 
 
(39,271)

Total assets less current liabilities
  
(38,536)
(38,507)

  

Net liabilities
  
(38,536)
(38,507)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(38,538)
(38,509)

  
(38,536)
(38,507)


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 



Elizabeth Hughes (nee Miller)
Director

Date: 19 August 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
AVANTI GRAPHIC DESIGN LTD.
 

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

1.


General information

The company is limited by shares and incorporated in Scotland, registration number SC209352. The address of the registered office is 11 North Street, Milnathort, Kinross-Shire, KY13 9YF. 
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company meets its day to day working capital requirements through a director’s loan. The director considers that the company will continue to operate by utilising the director’s loan. Thus the director continuse to adopt the going concern basis of accounting in preparing the financial statements.

Page 2

 
AVANTI GRAPHIC DESIGN LTD.
 

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

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Rendering of services

Turnover 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 turnover 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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

Page 3

 
AVANTI GRAPHIC DESIGN LTD.
 

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

2.Accounting policies (continued)

 
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:

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.

 
2.6

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
1
1

Page 4

 
AVANTI GRAPHIC DESIGN LTD.
 

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

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
1,052



At 31 December 2023

1,052



Depreciation


At 1 January 2023
288


Charge for the year on owned assets
347



At 31 December 2023

635



Net book value



At 31 December 2023
417



At 31 December 2022
764

Page 5

 
AVANTI GRAPHIC DESIGN LTD.
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
1,025
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
39,058
38,358

Accruals and deferred income
1,020
970

40,078
39,328



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
2
2



Page 6