Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311trueNo description of principal activitytrue2023-04-01false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09602791 2023-04-01 2024-03-31 09602791 2022-04-01 2023-03-31 09602791 2024-03-31 09602791 2023-03-31 09602791 c:Director1 2023-04-01 2024-03-31 09602791 d:ComputerEquipment 2023-04-01 2024-03-31 09602791 d:ComputerEquipment 2024-03-31 09602791 d:ComputerEquipment 2023-03-31 09602791 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09602791 d:CurrentFinancialInstruments 2024-03-31 09602791 d:CurrentFinancialInstruments 2023-03-31 09602791 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09602791 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09602791 d:ShareCapital 2024-03-31 09602791 d:ShareCapital 2023-03-31 09602791 d:RetainedEarningsAccumulatedLosses 2024-03-31 09602791 d:RetainedEarningsAccumulatedLosses 2023-03-31 09602791 c:FRS102 2023-04-01 2024-03-31 09602791 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09602791 c:FullAccounts 2023-04-01 2024-03-31 09602791 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09602791 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09602791













MACROVECTOR LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


 
MACROVECTOR LIMITED
REGISTERED NUMBER:09602791


BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
67

Current assets
  

Cash at bank and in hand
  
223
138

Creditors: amounts falling due within one year
 5 
(115,792)
(101,547)

Net current liabilities
  
 
 
(115,569)
 
 
(101,409)

  

Net liabilities
  
(115,569)
(101,342)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(125,569)
(111,342)

  
(115,569)
(101,342)


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 by: 




F Zavliaris
Director

Date: 7 March 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


 
MACROVECTOR LIMITED
 

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

1.


General information

The financial statements of Macrovector Limited (the "Company") for the period ended 31 March 2024 were approved by the board and authorised for issue on 07 March 2025 and the Balance Sheet was signed on the board's behalf by F Zavliaris
The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP. Macrovector Limited is incorporated and domiciled in England and Wales, United Kingdom.  

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

Going concern

During the year ended 31 March 2024 the company suffered a loss before tax of £14,227 (2023: £13,812), giving rise to a balance sheet deficit of £115,569 (2023: £101,342) at the year end. Within this is a balance of £111,832 (2023: £99,747) owed to the director who has agreed to continue to provide such financial support as is required whilst the company strengthens its own financial position. This results is consistent with the directors' expectations.
In light of the above and after taking into account all information that could reasonably be expected to be available, the directors are confident that the company will continue in operational existence for the foreseeable future and that the going concern is therefore appropriate for the preparation of the company's accounts.

 
2.3

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2


 
MACROVECTOR LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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. 

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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:

Computer 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.

 
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.

Page 3


 
MACROVECTOR LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument 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 and loans to related parties. 


3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
3,339



At 31 March 2024

3,339



Depreciation


At 1 April 2023
3,273


Charge for the year on owned assets
66



At 31 March 2024

3,339



Net book value



At 31 March 2024
-



At 31 March 2023
67


5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,980
-

Other creditors
111,832
99,747

Accruals and deferred income
1,980
1,800

115,792
101,547


Page 4


 
MACROVECTOR LIMITED
 

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

6.


Related party transactions

During the period F Zavliaris, a director, loaned cash to the Company. At 31 March 2024, a balance of £111,832 (2023: £99,747) remained outstanding and is included within Other creditors.

 
Page 5