Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08478299 2023-01-01 2023-12-31 08478299 2022-01-01 2022-12-31 08478299 2023-12-31 08478299 2022-12-31 08478299 2022-01-01 08478299 c:Director1 2023-01-01 2023-12-31 08478299 d:CurrentFinancialInstruments 2023-12-31 08478299 d:CurrentFinancialInstruments 2022-12-31 08478299 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08478299 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08478299 d:ShareCapital 2023-12-31 08478299 d:ShareCapital 2022-12-31 08478299 d:ShareCapital 2022-01-01 08478299 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08478299 d:RetainedEarningsAccumulatedLosses 2023-12-31 08478299 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08478299 d:RetainedEarningsAccumulatedLosses 2022-12-31 08478299 d:RetainedEarningsAccumulatedLosses 2022-01-01 08478299 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08478299 c:OrdinaryShareClass1 2023-12-31 08478299 c:OrdinaryShareClass1 2022-12-31 08478299 c:FRS102 2023-01-01 2023-12-31 08478299 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08478299 c:FullAccounts 2023-01-01 2023-12-31 08478299 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08478299 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08478299










DRIVE ANGEL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023
 


 
DRIVE ANGEL LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 7


 
DRIVE ANGEL LIMITED
REGISTERED NUMBER: 08478299

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                                    Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
2,244
1,519

  
2,244
1,519

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(43,378)
(43,539)

Net current liabilities
  
 
 
(41,134)
 
 
(42,020)

Total assets less current liabilities
  
(41,134)
(42,020)

  

Net liabilities
  
(41,134)
(42,020)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(41,135)
(42,021)

  
(41,134)
(42,020)


Page 1

 
DRIVE ANGEL LIMITED
REGISTERED NUMBER: 08478299

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 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: 






M Popovic
Director

Date: 9 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
DRIVE ANGEL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1
(42,021)
(42,020)


Comprehensive income for the year

Profit for the year
-
886
886


At 31 December 2023
1
(41,135)
(41,134)


The notes on pages 4 to 7 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
1
(42,348)
(42,347)


Comprehensive income for the year

Profit for the year
-
327
327


At 31 December 2022
1
(42,021)
(42,020)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
DRIVE ANGEL LIMITED
 

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

1.


General information

Drive Angel Limited is a private company, limited by shares and incorporated in England (registered number 08478299). The registered office is Wilson's Corner 23 Wilson Street, 3rd Floor, London, England, EC2M 2TE.

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

At 31 December 2023, the company had net liabilities of £41,134 (2022: £42,020). Nonetheless the directors have considered the position of the company and consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.4

Development costs

Development expenditure is written off in the year in which it is incurred.

 
2.5

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

 
DRIVE ANGEL LIMITED
 

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

2.Accounting policies (continued)

 
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.

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.

 
2.7

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.

Page 5

 
DRIVE ANGEL LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 1 (2022 - 1).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,244
1,519



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
39,223
39,223

Trade creditors
66
61

Other taxation and social security
201
512

Other creditors
2,288
2,273

Accruals and deferred income
1,600
1,470

43,378
43,539


Page 6

 
DRIVE ANGEL LIMITED
 

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

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.0
1.0
1.0



7.


Controlling party

The Company is controlled by P Popovic who owns 100% of the Company's share capital.


Page 7