Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01The principal activity during the year was online retail sales of technology products.true22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11177860 2023-02-01 2024-01-31 11177860 2024-01-31 11177860 2022-02-01 2023-01-31 11177860 2023-01-31 11177860 c:Director2 2023-02-01 2024-01-31 11177860 d:OfficeEquipment 2023-02-01 2024-01-31 11177860 d:OfficeEquipment 2024-01-31 11177860 d:OfficeEquipment 2023-01-31 11177860 d:CurrentFinancialInstruments 2024-01-31 11177860 d:CurrentFinancialInstruments 2023-01-31 11177860 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11177860 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11177860 d:ShareCapital 2024-01-31 11177860 d:ShareCapital 2023-01-31 11177860 d:RetainedEarningsAccumulatedLosses 2024-01-31 11177860 d:RetainedEarningsAccumulatedLosses 2023-01-31 11177860 c:FRS102 2023-02-01 2024-01-31 11177860 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11177860 c:FullAccounts 2023-02-01 2024-01-31 11177860 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11177860 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 11177860


SHEVAT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
SHEVAT LIMITED
REGISTERED NUMBER: 11177860

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
574

  
-
574

Current assets
  

Debtors: amounts falling due within one year
 5 
143,746
143,713

Cash at bank and in hand
 6 
7,175
9,234

  
150,921
152,947

Creditors: amounts falling due within one year
 7 
(101,883)
(93,707)

Net current assets
  
 
 
49,038
 
 
59,240

Total assets less current liabilities
  
49,038
59,814

  

Net assets
  
49,038
59,814


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
49,036
59,812

  
49,038
59,814


Page 1

 
SHEVAT LIMITED
REGISTERED NUMBER: 11177860
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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: 




___________________________
V Wolf
Director

Date: 31 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SHEVAT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Shevat Limited is a private limited company limited by share capital, incorporated in England and Wales. The companys registration number is 11177860. The address of the registered office is Oakfield House, Bollington Lane, Nether Alderley, Cheshire, England, SK10 4TB.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
SHEVAT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue 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 revenue 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.

 
2.4

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:

Office equipment
-
3 years 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.

 
2.5

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.

 
2.6

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

 
SHEVAT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£





At 1 February 2023
713


Disposals
(713)



At 31 January 2024

-





At 1 February 2023
139


Disposals
(139)



At 31 January 2024

-



Net book value



At 31 January 2024
-



At 31 January 2023
574

Page 5

 
SHEVAT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
143,193
143,193

Prepayments and accrued income
553
520

143,746
143,713



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,175
9,234

7,175
9,234



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,321
3,775

Other creditors
91,762
85,972

Accruals and deferred income
1,800
3,960

101,883
93,707


 
Page 6