Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3112023-06-01falseDental services1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11972275 2023-06-01 2024-05-31 11972275 2022-06-01 2023-05-31 11972275 2024-05-31 11972275 2023-05-31 11972275 c:Director1 2023-06-01 2024-05-31 11972275 d:OfficeEquipment 2023-06-01 2024-05-31 11972275 d:OfficeEquipment 2024-05-31 11972275 d:OfficeEquipment 2023-05-31 11972275 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11972275 d:ComputerEquipment 2023-06-01 2024-05-31 11972275 d:ComputerEquipment 2024-05-31 11972275 d:ComputerEquipment 2023-05-31 11972275 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11972275 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11972275 d:CurrentFinancialInstruments 2024-05-31 11972275 d:CurrentFinancialInstruments 2023-05-31 11972275 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11972275 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11972275 d:ShareCapital 2024-05-31 11972275 d:ShareCapital 2023-05-31 11972275 d:RetainedEarningsAccumulatedLosses 2024-05-31 11972275 d:RetainedEarningsAccumulatedLosses 2023-05-31 11972275 c:FRS102 2023-06-01 2024-05-31 11972275 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11972275 c:FullAccounts 2023-06-01 2024-05-31 11972275 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11972275 2 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 11972275










WARAF LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
WARAF LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFWARAF LTD
FOR THE YEAR ENDED 31 MAY 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 Waraf Ltd for the year ended 31 May 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Waraf Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Waraf Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waraf Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Waraf Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Waraf 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 Waraf 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.







Shipleys Tax Planning
 

20 January 2025
Page 1

 
WARAF LTD
REGISTERED NUMBER: 11972275

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
375
500

  
375
500

Current assets
  

Debtors: amounts falling due within one year
 5 
6,005
13,387

Cash at bank and in hand
 6 
48,646
43,884

  
54,651
57,271

Creditors: amounts falling due within one year
 7 
(22,797)
(23,467)

Net current assets
  
 
 
31,854
 
 
33,804

Total assets less current liabilities
  
32,229
34,304

  

Net assets
  
32,229
34,304


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
32,129
34,204

  
32,229
34,304


The director considers 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 director acknowledges his 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 20 January 2025.






Page 2

 
WARAF LTD
REGISTERED NUMBER: 11972275

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

Ali A Reshid Al-salihi
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
WARAF LTD
 

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

1.


General information

Waraf Ltd is a company domiciled in England & Wales, registration number 11972275. The registered office is 10 Greenland Square, Skgeness, PE25 2FF. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
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.

 
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.

Page 4

 
WARAF LTD
 

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

2.Accounting policies (continued)

 
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.

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
-
25%
Computer equipment
-
33%

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. 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.

 
2.8

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. 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.

 
2.9

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.

 
2.10

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.

Page 5

 
WARAF LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
1,188
4,691
5,879


Additions
-
499
499



At 31 May 2024

1,188
5,190
6,378



Depreciation


At 1 June 2023
900
4,479
5,379


Charge for the year on owned assets
288
336
624



At 31 May 2024

1,188
4,815
6,003



Net book value



At 31 May 2024
-
375
375



At 31 May 2023
288
212
500


5.


Debtors

2024
2023
£
£


Trade debtors
5,419
13,387

Other debtors
586
-

6,005
13,387


Page 6

 
WARAF LTD
 

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

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
48,646
43,884

48,646
43,884



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
22,797
23,467

22,797
23,467



8.


Related party transactions

There were no related party transactions.


9.


Controlling party

The company is controlled by the director Ali A. Reshid Al-Salihi.


Page 7