Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.162023-01-01false15truetruefalse 10524522 2023-01-01 2023-12-31 10524522 2022-01-01 2022-12-31 10524522 2023-12-31 10524522 2022-12-31 10524522 2022-01-01 10524522 c:Director2 2023-01-01 2023-12-31 10524522 d:OfficeEquipment 2023-01-01 2023-12-31 10524522 d:OfficeEquipment 2023-12-31 10524522 d:OfficeEquipment 2022-12-31 10524522 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10524522 d:ComputerEquipment 2023-01-01 2023-12-31 10524522 d:ComputerEquipment 2023-12-31 10524522 d:ComputerEquipment 2022-12-31 10524522 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10524522 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10524522 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 10524522 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 10524522 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 10524522 d:CurrentFinancialInstruments 2023-12-31 10524522 d:CurrentFinancialInstruments 2022-12-31 10524522 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10524522 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10524522 d:ShareCapital 2023-01-01 2023-12-31 10524522 d:ShareCapital 2023-12-31 10524522 d:ShareCapital 2022-01-01 2022-12-31 10524522 d:ShareCapital 2022-12-31 10524522 d:ShareCapital 2022-01-01 10524522 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 10524522 d:CapitalRedemptionReserve 2023-12-31 10524522 d:CapitalRedemptionReserve 2022-12-31 10524522 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10524522 d:RetainedEarningsAccumulatedLosses 2023-12-31 10524522 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10524522 d:RetainedEarningsAccumulatedLosses 2022-12-31 10524522 d:RetainedEarningsAccumulatedLosses 2022-01-01 10524522 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10524522 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10524522 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10524522 c:OrdinaryShareClass1 2023-12-31 10524522 c:OrdinaryShareClass1 2022-12-31 10524522 c:OrdinaryShareClass2 2023-01-01 2023-12-31 10524522 c:OrdinaryShareClass2 2023-12-31 10524522 c:OrdinaryShareClass2 2022-12-31 10524522 c:OrdinaryShareClass3 2023-01-01 2023-12-31 10524522 c:OrdinaryShareClass3 2023-12-31 10524522 c:OrdinaryShareClass3 2022-12-31 10524522 c:OrdinaryShareClass4 2023-01-01 2023-12-31 10524522 c:OrdinaryShareClass4 2022-12-31 10524522 c:OrdinaryShareClass5 2023-01-01 2023-12-31 10524522 c:OrdinaryShareClass5 2023-12-31 10524522 c:OrdinaryShareClass5 2022-12-31 10524522 c:FRS102 2023-01-01 2023-12-31 10524522 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10524522 c:FullAccounts 2023-01-01 2023-12-31 10524522 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10524522 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 10524522 2 2023-01-01 2023-12-31 10524522 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 10524522 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10524522










Alirity Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Alirity Ltd
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Alirity Ltd for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alirity Ltd for the year ended 31 December 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Alirity Ltd, as a body, in accordance with the terms of our engagement letter dated 16 June 2021Our work has been undertaken solely to prepare for your approval the financial statements of Alirity Ltd and state those matters that we have agreed to state to the Board of Directors of Alirity Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alirity Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Alirity Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alirity Ltd. You consider that Alirity Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Alirity Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
16 September 2024
Page 1

 
Alirity Ltd
Registered number: 10524522

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
103,765
66,964

Tangible assets
 5 
12,555
14,841

  
116,320
81,805

Current assets
  

Debtors: amounts falling due within one year
 6 
614,513
597,209

Cash at bank and in hand
  
312,030
869,213

  
926,543
1,466,422

Creditors: amounts falling due within one year
 7 
(604,448)
(716,396)

Net current assets
  
 
 
322,095
 
 
750,026

Total assets less current liabilities
  
438,415
831,831

Provisions for liabilities
  

Deferred tax
 8 
(3,139)
(3,711)

Net assets
  
 
 
435,276
 
 
828,120


Capital and reserves
  

Called up share capital 
 9 
800
1,000

Capital redemption reserve
  
200
-

Profit and loss account
  
434,276
827,120

  
435,276
828,120


Page 2

 
Alirity Ltd
Registered number: 10524522

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 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: 




................................................
B Crockford
Director
Date: 16 September 2024

The notes on pages 6 to 12 form part of these financial statements.

Page 3

 
Alirity Ltd
 

Statement of Changes in Equity
For the Year Ended 31 December 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
1,000
-
827,120
828,120


Comprehensive income for the year

Profit for the year
-
-
342,186
342,186
Total comprehensive income for the year
-
-
342,186
342,186


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(590,030)
(590,030)

Purchase of own shares
-
200
(145,000)
(144,800)

Shares purchased into treasury
(200)
-
-
(200)


Total transactions with owners
(200)
200
(735,030)
(735,030)


At 31 December 2023
800
200
434,276
435,276


The notes on pages 6 to 12 form part of these financial statements.

Page 4

 
Alirity Ltd
 

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
1,000
568,338
569,338


Comprehensive income for the year

Profit for the year
-
922,100
922,100
Total comprehensive income for the year
-
922,100
922,100


Contributions by and distributions to owners

Dividends: Equity capital
-
(663,318)
(663,318)


Total transactions with owners
-
(663,318)
(663,318)


At 31 December 2022
1,000
827,120
828,120


The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 106 Brighton Junction, 1a Isetta Square, 35 New England Street, Brighton, BN1 4GQ.

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

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

 
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.

 
2.4

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.

 The estimated useful lives range as follows:

Development expenditure
-
10
years straight line

Page 6

 
Alirity 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.

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%
reducing balance
Computer equipment
-
25%
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.

 
2.6

Debtors

Short-term debtors are measured at transaction price.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
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

Interest income

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

Page 7

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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. 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 15 (2022 - 16).

Page 8

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Intangible assets




Development expenditure

£





At 1 January 2023
74,885


Additions
44,290



At 31 December 2023

119,175





At 1 January 2023
7,921


Charge for the year on owned assets
7,489



At 31 December 2023

15,410



Net book value



At 31 December 2023
103,765



At 31 December 2022
66,964



Page 9

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
1,400
17,139
18,539


Additions
605
1,927
2,532



At 31 December 2023

2,005
19,066
21,071



Depreciation


At 1 January 2023
280
3,418
3,698


Charge for the year on owned assets
422
4,396
4,818



At 31 December 2023

702
7,814
8,516



Net book value



At 31 December 2023
1,303
11,252
12,555



At 31 December 2022
1,120
13,721
14,841


6.


Debtors

2023
2022
£
£


Trade debtors
605,158
559,678

Amounts owed by group undertakings
8,317
5,596

Other debtors
403
30,980

Called up share capital not paid
-
350

Prepayments and accrued income
635
605

614,513
597,209


Page 10

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
430,168
469,219

Corporation tax
112,905
212,707

Other taxation and social security
61,325
21,220

Other creditors
50
13,250

604,448
716,396



8.


Deferred taxation




2023


£






At beginning of year
(3,711)


Charged to profit or loss
572



At end of year
(3,139)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,139)
(3,711)

Page 11

 
Alirity Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



325 (2022 - 325) Ordinary A shares of £1.00 each
325
325
325 (2022 - 325) Ordinary B shares of £1.00 each
325
325
100 (2022 - Nil) Ordinary C shares of £1.00 each
100
-
50 (2022 - Nil) Ordinary E shares of £1.00 each
50
-

800

650

Allotted, called up and partly paid



Nil (2022 - 250) Ordinary C shares of £1.00 each
-
250
Nil (2022 - 50) Ordinary D shares of £1.00 each
-
50
Nil (2022 - 50) Ordinary E shares of £1.00 each
-
50

-

350




Page 12