Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseNo description of principal activity2023-07-01truefalse88The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06783455 2023-07-01 2024-06-30 06783455 2022-07-01 2023-06-30 06783455 2024-06-30 06783455 2023-06-30 06783455 2022-07-01 06783455 c:Director2 2023-07-01 2024-06-30 06783455 d:FurnitureFittings 2023-07-01 2024-06-30 06783455 d:OfficeEquipment 2023-07-01 2024-06-30 06783455 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 06783455 d:OtherPropertyPlantEquipment 2024-06-30 06783455 d:OtherPropertyPlantEquipment 2023-06-30 06783455 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06783455 d:CurrentFinancialInstruments 2024-06-30 06783455 d:CurrentFinancialInstruments 2023-06-30 06783455 c:FRS102 2023-07-01 2024-06-30 06783455 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06783455 c:FullAccounts 2023-07-01 2024-06-30 06783455 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06783455 2 2023-07-01 2024-06-30 06783455 d:OtherDeferredTax 2024-06-30 06783455 d:OtherDeferredTax 2023-06-30 06783455 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

06783455







GARANCIE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2024

































GARANCIE LIMITED
REGISTERED NUMBER:06783455

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible fixed assets
  
11,348
8,746

Current assets
  

Debtors: amounts falling due within one year
 5 
150,398
167,782

Bank and cash balances
  
294,572
296,951

  
444,970
464,733

Creditors: amounts falling due within one year
 6 
(97,557)
(100,663)

Net current assets
  
 
 
347,413
 
 
364,070

Total assets less current liabilities
  
358,761
372,816

  

Provisions for liabilities
  

Deferred tax
  
(2,334)
(1,784)

  

Net assets
  
356,427
371,032


Capital and reserves
  

Called up share capital 
  
109
109

Profit and loss account
  
356,318
370,923

  
356,427
371,032


Page 1

GARANCIE LIMITED
REGISTERED NUMBER:06783455
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 by: 




H. Clark
Director

Date: 27 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Garancie Limited ('the Company') is a private company limited by shares and domiciled and incorporated in England and Wales.
The address of the Company's registered office and place of business is 160 London Road, Sevenoaks, Kent, TN13 1BT. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

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.
Revenue is recognised upon completion of services provided.

 
2.3

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, as follows:.

The estimated useful lives range as follows:

Fixtures and fittings
-
3 years straight line
Office equipment
-
3 years 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.

Page 3

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.4

Debtors

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

  
2.5

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.

  
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings  except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.8

 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.

 
2.9

 Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

  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.

 
2.11

 Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.12

 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 the Statement of income and retained earnings 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.

 
2.13

 Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 -8).

Page 5

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 July 2023
23,267


Additions
11,294


Disposals
(6,191)



At 30 June 2024

28,370



Depreciation


At 1 July 2023
14,521


Charge for the year on owned assets
6,788


Disposals
(4,287)



At 30 June 2024

17,022



Net book value



At 30 June 2024
11,348



At 30 June 2023
8,746

Page 6

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
103,339
144,364

Other debtors
12,036
942

Prepayments and accrued income
35,023
22,476

150,398
167,782



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,926
17,460

Corporation tax
25,253
43,052

Other taxation and social security
3,372
5,871

Other creditors
877
1,769

Accruals and deferred income
22,129
32,511

97,557
100,663



7.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,784)
(1,752)


Charged to profit or loss
(550)
(32)



At end of year
(2,334)
(1,784)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Timing differences
(2,334)
(1,784)

Page 7

GARANCIE LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Transactions with directors

At the start of the year, the Company was owed £942 (2023: £8,649) by the directors. During the year £8,376 was loaned to the directors (2023: £nil) and £9,318 (2023: £7,776) was repaid, with interest of £nil (2023: £69) charged. At the year-end, the balance owed to the Company was £nil (2023: £942 and was classified in debtors due within one year). The loaned amounts in 2024 were interest-free and any outstanding balance has been repayble on demand.  

 
Page 8