Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-318true5The principal activity of the Company is the provision of legal services.true2023-08-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13197985 2023-08-01 2024-07-31 13197985 2022-08-01 2023-07-31 13197985 2024-07-31 13197985 2023-07-31 13197985 c:Director1 2023-08-01 2024-07-31 13197985 d:CurrentFinancialInstruments 2024-07-31 13197985 d:CurrentFinancialInstruments 2023-07-31 13197985 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13197985 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13197985 d:ShareCapital 2024-07-31 13197985 d:ShareCapital 2023-07-31 13197985 d:RetainedEarningsAccumulatedLosses 2024-07-31 13197985 d:RetainedEarningsAccumulatedLosses 2023-07-31 13197985 c:OrdinaryShareClass1 2023-08-01 2024-07-31 13197985 c:OrdinaryShareClass1 2024-07-31 13197985 c:OrdinaryShareClass1 2023-07-31 13197985 c:FRS102 2023-08-01 2024-07-31 13197985 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13197985 c:FullAccounts 2023-08-01 2024-07-31 13197985 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13197985 2 2023-08-01 2024-07-31 13197985 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13197985









ALAWCO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
ALAWCO LIMITED
REGISTERED NUMBER: 13197985

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
77,662
8,508

Cash at bank and in hand
  
378,787
197,058

  
456,449
205,566

Creditors: amounts falling due within one year
 5 
(136,323)
(88,641)

NET CURRENT ASSETS
  
 
 
320,126
 
 
116,925

NET ASSETS
  
320,126
116,925


CAPITAL AND RESERVES
  

Called up share capital 
 6 
310,001
310,001

Profit and loss account
  
10,125
(193,076)

  
320,126
116,925


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: 




Hayley Betteridge
Director

Date: 19 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ALAWCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


GENERAL INFORMATION

Alawco Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of legal services provided in the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised as the services are provided.

 
2.3

INTEREST INCOME

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

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
ALAWCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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 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 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 balance sheet date.

 
2.6

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.

 
2.7

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.

 
2.8

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 8 (2023 -  5).

Page 3

 
ALAWCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


DEBTORS

2024
2023
£
£

Trade debtors
11,513
8,508

Amounts owed by group undertakings
65,000
-

Prepayments and accrued income
1,149
-

77,662
8,508



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
2,693
2,005

Amounts owed to group undertakings
50,000
62,000

Corporation tax
36,001
-

Other taxation and social security
41,629
21,886

Accruals and deferred income
6,000
2,750

136,323
88,641


Other creditors include contributions of £NIL (2023 - £NIL) payable to the Company's defined contribution pension scheme at the balance sheet date.


6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



310,001 (2023 - 310,001) Ordinary shares of £1.00 each
310,001
310,001


 
Page 4