Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13297847 2023-04-01 2024-03-31 13297847 2022-04-01 2023-03-31 13297847 2024-03-31 13297847 2023-03-31 13297847 c:Director1 2023-04-01 2024-03-31 13297847 d:ComputerEquipment 2023-04-01 2024-03-31 13297847 d:ComputerEquipment 2024-03-31 13297847 d:ComputerEquipment 2023-03-31 13297847 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13297847 d:CurrentFinancialInstruments 2024-03-31 13297847 d:CurrentFinancialInstruments 2023-03-31 13297847 d:Non-currentFinancialInstruments 2024-03-31 13297847 d:Non-currentFinancialInstruments 2023-03-31 13297847 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13297847 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13297847 d:ShareCapital 2024-03-31 13297847 d:ShareCapital 2023-03-31 13297847 d:SharePremium 2024-03-31 13297847 d:SharePremium 2023-03-31 13297847 d:RetainedEarningsAccumulatedLosses 2024-03-31 13297847 d:RetainedEarningsAccumulatedLosses 2023-03-31 13297847 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13297847 c:OrdinaryShareClass1 2024-03-31 13297847 c:OrdinaryShareClass1 2023-03-31 13297847 c:FRS102 2023-04-01 2024-03-31 13297847 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13297847 c:FullAccounts 2023-04-01 2024-03-31 13297847 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-04-01 2024-03-31 13297847 2 2023-04-01 2024-03-31 13297847 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13297847









ONO APP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ONO APP LTD
 

CONTENTS



Page
Accountants' Report
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
ONO APP LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ONO APP LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ONO App Ltd for the year ended 31 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of ONO App Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of ONO App Ltd and state those matters that we have agreed to state to the Board of Directors of ONO App Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ONO App Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that ONO App Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ONO App Ltd. You consider that ONO App Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of ONO App Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
124 Finchley Road
London
NW3 5JS
17 July 2024
Page 1

 
ONO APP LTD
REGISTERED NUMBER: 13297847

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
  
147,634
99,875

Tangible assets
 5 
2,058
-

  
149,692
99,875

Current assets
  

Debtors: amounts falling due after more than one year
 6 
50,003
-

Debtors: amounts falling due within one year
 6 
11,419
-

Cash at bank and in hand
  
68,232
89,467

  
129,654
89,467

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(103,013)
(66,159)

Net current assets
  
 
 
26,641
 
 
23,308

Total assets less current liabilities
  
176,333
123,183

  

Net assets
  
176,333
123,183


Capital and reserves
  

Called up share capital 
 8 
227
218

Share premium account
  
239,970
152,981

Profit and loss account
  
(63,864)
(30,016)

  
176,333
123,183


Page 2

 
ONO APP LTD
REGISTERED NUMBER: 13297847
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 on 17 July 2024.




R J Rogers
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ONO APP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales. The
address of its registered office is Regina House, 124 Finchley Road, London, United Kingdom, NW3 5JS.

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

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial, and financial feasibility can be demonstrated.
The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Intangible assets comprises development costs and have not been amortised as the development has not been completed.

 
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.

Page 4

 
ONO APP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Computer equipment
-
3 Years

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.

 
2.7

Debtors

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

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

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

Page 5

 
ONO APP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Development  costs

£



Cost


At 1 April 2023
99,875


Additions - internal
47,759



At 31 March 2024

147,634






Net book value



At 31 March 2024
147,634



At 31 March 2023
99,875




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
2,282



At 31 March 2024

2,282



Depreciation


Charge for the year on owned assets
224



At 31 March 2024

224



Net book value



At 31 March 2024
2,058



At 31 March 2023
-

Page 6

 
ONO APP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
50,003
-

50,003
-


2024
2023
£
£

Due within one year

Other debtors
11,419
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
30,000
5,000

Other creditors
73,013
61,159

103,013
66,159



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,270,328 (2023 - 2,180,000) ordinary shares of £0.0001 each
227
218


During the year, 90,334 ordinary shares of £0.0001 each were issued fully paid for cash at £86,998
The shares have attached to them full voting, dividend and capital distributions (including on winding up) rights; they do not confer and rights of redemption
Called-up share capital represents the nominal value of shares that have been issued.
The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

Page 7

 
ONO APP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

At the reporting date, £69,008 was owed to Renee Rogers, a director of the company (2022: £61,159).

 
Page 8