Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity76falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08069182 2023-04-01 2024-03-31 08069182 2022-04-01 2023-03-31 08069182 2024-03-31 08069182 2023-03-31 08069182 c:Director1 2023-04-01 2024-03-31 08069182 c:Director2 2023-04-01 2024-03-31 08069182 c:RegisteredOffice 2023-04-01 2024-03-31 08069182 d:MotorVehicles 2023-04-01 2024-03-31 08069182 d:MotorVehicles 2024-03-31 08069182 d:MotorVehicles 2023-03-31 08069182 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08069182 d:ComputerEquipment 2023-04-01 2024-03-31 08069182 d:ComputerEquipment 2024-03-31 08069182 d:ComputerEquipment 2023-03-31 08069182 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08069182 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08069182 d:CurrentFinancialInstruments 2024-03-31 08069182 d:CurrentFinancialInstruments 2023-03-31 08069182 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08069182 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08069182 d:SharePremium 2024-03-31 08069182 d:SharePremium 2023-03-31 08069182 d:RetainedEarningsAccumulatedLosses 2024-03-31 08069182 d:RetainedEarningsAccumulatedLosses 2023-03-31 08069182 c:FRS102 2023-04-01 2024-03-31 08069182 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08069182 c:FullAccounts 2023-04-01 2024-03-31 08069182 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08069182 d:WithinOneYear 2024-03-31 08069182 d:WithinOneYear 2023-03-31 08069182 d:BetweenOneFiveYears 2024-03-31 08069182 d:BetweenOneFiveYears 2023-03-31 08069182 2 2023-04-01 2024-03-31 08069182 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08069182







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


ELIGARF TECHNOLOGIES (UK) LIMITED






































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ELIGARF TECHNOLOGIES (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
V D Desai 
A Hosabettu 




Registered number
08069182



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


ELIGARF TECHNOLOGIES (UK) LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5

 


ELIGARF TECHNOLOGIES (UK) LIMITED
REGISTERED NUMBER:08069182



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
40,567
-

  
40,567
-

Current assets
  

Debtors: amounts falling due within one year
 5 
401,841
606,133

Cash at bank and in hand
  
854,095
504,846

  
1,255,936
1,110,979

Creditors: amounts falling due within one year
 6 
(345,841)
(226,266)

Net current assets
  
 
 
910,095
 
 
884,713

Total assets less current liabilities
  
950,662
884,713

  

Net assets
  
950,662
884,713


Capital and reserves
  

Share premium account
  
1,000
1,000

Profit and loss account
  
949,662
883,713

  
950,662
884,713


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 D Desai
Director

Date: 8 November 2024

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 


ELIGARF TECHNOLOGIES (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Eligarf Technologies (UK) Limited is a private company, limited by shares, registered in England and Wales, company registration number 08069182. The company's registered office is Lynton House 7-12 Tavistock Square, London, United Kingdom, WC1H 9LT.

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 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 generated through providing IT consultancy services, and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 


ELIGARF TECHNOLOGIES (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 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.

 
2.8

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 or a reducing balance basis..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance 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.

 
2.9

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.

Page 3

 


ELIGARF TECHNOLOGIES (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 -6).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
-
14,058
14,058


Additions
54,090
-
54,090



At 31 March 2024

54,090
14,058
68,148



Depreciation


At 1 April 2023
-
14,058
14,058


Charge for the year on owned assets
13,523
-
13,523



At 31 March 2024

13,523
14,058
27,581



Net book value



At 31 March 2024
40,567
-
40,567


5.


Debtors

2024
£


Trade debtors
347,674

Other debtors
34,927

Prepayments and accrued income
19,240

401,841


Page 4

 


ELIGARF TECHNOLOGIES (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
228,315

Corporation tax
10,207

Other taxation and social security
93,672

Other creditors
7,857

Accruals and deferred income
5,790

345,841



7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,000
18,040

Later than 1 year and not later than 5 years
6,050
-

24,050
18,040

 
Page 5