Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28true22023-03-01falseNo description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12189831 2023-03-01 2024-02-28 12189831 2022-03-01 2023-02-28 12189831 2024-02-28 12189831 2023-02-28 12189831 c:Director1 2023-03-01 2024-02-28 12189831 c:Director2 2023-03-01 2024-02-28 12189831 d:MotorVehicles 2023-03-01 2024-02-28 12189831 d:MotorVehicles 2024-02-28 12189831 d:MotorVehicles 2023-02-28 12189831 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 12189831 d:OfficeEquipment 2023-03-01 2024-02-28 12189831 d:OfficeEquipment 2024-02-28 12189831 d:OfficeEquipment 2023-02-28 12189831 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 12189831 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 12189831 d:CurrentFinancialInstruments 2024-02-28 12189831 d:CurrentFinancialInstruments 2023-02-28 12189831 d:Non-currentFinancialInstruments 2024-02-28 12189831 d:Non-currentFinancialInstruments 2023-02-28 12189831 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 12189831 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12189831 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 12189831 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12189831 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-28 12189831 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 12189831 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-28 12189831 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 12189831 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-28 12189831 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 12189831 d:ShareCapital 2024-02-28 12189831 d:ShareCapital 2023-02-28 12189831 d:RetainedEarningsAccumulatedLosses 2024-02-28 12189831 d:RetainedEarningsAccumulatedLosses 2023-02-28 12189831 d:AcceleratedTaxDepreciationDeferredTax 2024-02-28 12189831 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 12189831 c:OrdinaryShareClass1 2023-03-01 2024-02-28 12189831 c:OrdinaryShareClass1 2024-02-28 12189831 c:OrdinaryShareClass1 2023-02-28 12189831 c:FRS102 2023-03-01 2024-02-28 12189831 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12189831 c:FullAccounts 2023-03-01 2024-02-28 12189831 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12189831 d:HirePurchaseContracts d:WithinOneYear 2024-02-28 12189831 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 12189831 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-28 12189831 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 12189831 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12189831









DARENA SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
DARENA SOLUTIONS LTD
REGISTERED NUMBER: 12189831

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
64,680
85,268

  
64,680
85,268

Current assets
  

Debtors: amounts falling due within one year
 5 
334
-

Cash at bank and in hand
  
51,742
93,888

  
52,076
93,888

Creditors: amounts falling due within one year
 6 
(56,063)
(82,623)

Net current (liabilities)/assets
  
 
 
(3,987)
 
 
11,265

Total assets less current liabilities
  
60,693
96,533

Creditors: amounts falling due after more than one year
 7 
(34,689)
(45,534)

Provisions for liabilities
  

Deferred tax
  
(12,289)
-

  
 
 
(12,289)
 
 
-

Net assets
  
13,715
50,999


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
13,713
50,997

  
13,715
50,999


Page 1

 
DARENA SOLUTIONS LTD
REGISTERED NUMBER: 12189831
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 on 29 November 2024.




Prashant Jindal
Deepti Jindal
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 12189831.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

Cash flow 
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company. 

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 prepared the accounts on a going concern basis.

 
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

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 3

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 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.

 
2.7

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
-
20%
Office equipment
-
25%

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

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 4 (2023 - 2).

Page 5

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
117,350
4,866
122,216


Additions
-
4,798
4,798



At 28 February 2024

117,350
9,664
127,014



Depreciation


At 1 March 2023
35,722
1,226
36,948


Charge for the year on owned assets
23,470
1,916
25,386



At 28 February 2024

59,192
3,142
62,334



Net book value



At 28 February 2024
58,158
6,522
64,680



At 28 February 2023
81,628
3,640
85,268


5.


Debtors

2024
2023
£
£


Other debtors
334
-

334
-


Page 6

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Corporation tax
19,303
5,516

Other taxation and social security
-
333

Obligations under finance lease and hire purchase contracts
5,314
14,761

Other creditors
24,490
55,163

Accruals and deferred income
1,956
1,850

56,063
82,623



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
34,689
40,220

Net obligations under finance leases and hire purchase contracts
-
5,314

34,689
45,534


Page 7

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 1-2 years

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 2-5 years

Bank loans
15,000
15,000


15,000
15,000

Amounts falling due after more than 5 years

Bank loans
14,687
20,219

14,687
20,219

39,687
45,219



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,314
14,761

Between 1-5 years
-
5,314

5,314
20,075

Page 8

 
DARENA SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

10.


Deferred taxation




2024


£






Charged to profit or loss
(12,289)



At end of year
(12,289)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,289)
-

(12,289)
-


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary £1 shares of £1.00 each
2
2



12.


Related party transactions

As at the balance sheet date £22,490 (2023: £55,163) was due to the directors. This loan is interest free and repayable on demand.

 
Page 9