Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03678387 2023-01-01 2023-12-31 03678387 2022-01-01 2022-12-31 03678387 2023-12-31 03678387 2022-12-31 03678387 c:CompanySecretary1 2023-01-01 2023-12-31 03678387 c:Director1 2023-01-01 2023-12-31 03678387 c:Director2 2023-01-01 2023-12-31 03678387 c:RegisteredOffice 2023-01-01 2023-12-31 03678387 d:MotorVehicles 2023-01-01 2023-12-31 03678387 d:MotorVehicles 2023-12-31 03678387 d:MotorVehicles 2022-12-31 03678387 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03678387 d:FurnitureFittings 2023-01-01 2023-12-31 03678387 d:ComputerEquipment 2023-01-01 2023-12-31 03678387 d:ComputerEquipment 2023-12-31 03678387 d:ComputerEquipment 2022-12-31 03678387 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03678387 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03678387 d:CurrentFinancialInstruments 2023-12-31 03678387 d:CurrentFinancialInstruments 2022-12-31 03678387 d:Non-currentFinancialInstruments 2023-12-31 03678387 d:Non-currentFinancialInstruments 2022-12-31 03678387 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03678387 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03678387 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03678387 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03678387 d:ShareCapital 2023-12-31 03678387 d:ShareCapital 2022-12-31 03678387 d:RetainedEarningsAccumulatedLosses 2023-12-31 03678387 d:RetainedEarningsAccumulatedLosses 2022-12-31 03678387 c:FRS102 2023-01-01 2023-12-31 03678387 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03678387 c:FullAccounts 2023-01-01 2023-12-31 03678387 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03678387 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 03678387 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 03678387 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 03678387 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 03678387 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 03678387 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 03678387 d:LeasedAssetsHeldAsLessee 2023-12-31 03678387 d:LeasedAssetsHeldAsLessee 2022-12-31 03678387 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 03678387







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


NAVROH (UK) LIMITED
































      





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NAVROH (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
K R Bhojwani 
U K Bhojwani 




Company secretary
K R Bhojwani



Registered number
03678387



Registered office
9 Ritz Parade

London

W5 3RA




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


NAVROH (UK) LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


NAVROH (UK) LIMITED
REGISTERED NUMBER:03678387



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,464
48,734

Investments
  
150,000
-

  
186,464
48,734

Current assets
  

Debtors: amounts falling due within one year
 6 
25,415
20,620

Cash at bank and in hand
  
158,426
247,380

  
183,841
268,000

Creditors: amounts falling due within one year
 7 
(40,388)
(42,687)

Net current assets
  
 
 
143,453
 
 
225,313

Total assets less current liabilities
  
329,917
274,047

Creditors: amounts falling due after more than one year
 8 
(26,474)
(25,571)

Provisions for liabilities
  

Deferred tax
  
(9,116)
(9,259)

  
 
 
(9,116)
 
 
(9,259)

Net assets
  
294,327
239,217


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
294,227
239,117

  
294,327
239,217


Page 1

 


NAVROH (UK) LIMITED
REGISTERED NUMBER:03678387


    
STATEMENT OF FINANCIAL POSITION (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: 


K R Bhojwani
Director

Date: 24 September 2024

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

Page 2

 


NAVROH (UK) LIMITED
 


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

1.


General information

Navroh (UK) Limited is a private company, limited by shares, registered in England and Wales, company registration
number 03678387. The registered office is stated on the company information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue represents the invoiced value of services provided, net of value added tax. Revenue is recognised when delivery of services is accepted by the customers.

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


NAVROH (UK) LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 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.

 
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:

Motor vehicles
-
25%
Fixtures and fittings
-
33.33%
Computer equipment
-
33.33%

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.

Page 4

 


NAVROH (UK) LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 


NAVROH (UK) LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
48,385
523
48,908



At 31 December 2023

48,385
523
48,908



Depreciation


At 1 January 2023
-
174
174


Charge for the year on owned assets
12,096
174
12,270



At 31 December 2023

12,096
348
12,444



Net book value



At 31 December 2023
36,289
175
36,464



At 31 December 2022
48,385
349
48,734

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
36,289
48,385

36,289
48,385


5.


Fixed asset investments





Fixed asset investments

£



Cost or valuation


Additions
150,000



At 31 December 2023
150,000




Page 6

 


NAVROH (UK) LIMITED
 


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

6.


Debtors

2023
2022
£
£


Trade debtors
6,000
10,290

Other debtors
5
10,330

Prepayments and accrued income
19,410
-

25,415
20,620



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
22,876
9,182

Other taxation and social security
10,443
6,672

Obligations under finance lease and hire purchase contracts
3,865
3,543

Other creditors
629
18,129

Accruals and deferred income
2,575
5,161

40,388
42,687



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
26,474
25,571

26,474
25,571



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
3,543
3,543

Between 1-5 years
24,663
25,571

28,206
29,114

Page 7

 


NAVROH (UK) LIMITED
 


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

10.


Related party transactions

At the year end the company owed Mr K Bhojwani, a director of the company £629 (2022: £18,129).

 
Page 8