Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity5845truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06442091 2023-04-01 2024-03-31 06442091 2022-04-01 2023-03-31 06442091 2024-03-31 06442091 2023-03-31 06442091 2022-04-01 06442091 c:Director2 2023-04-01 2024-03-31 06442091 d:FurnitureFittings 2023-04-01 2024-03-31 06442091 d:FurnitureFittings 2024-03-31 06442091 d:FurnitureFittings 2023-03-31 06442091 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06442091 d:OfficeEquipment 2023-04-01 2024-03-31 06442091 d:OfficeEquipment 2024-03-31 06442091 d:OfficeEquipment 2023-03-31 06442091 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06442091 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06442091 d:CurrentFinancialInstruments 2024-03-31 06442091 d:CurrentFinancialInstruments 2023-03-31 06442091 d:Non-currentFinancialInstruments 2024-03-31 06442091 d:Non-currentFinancialInstruments 2023-03-31 06442091 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06442091 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06442091 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06442091 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06442091 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06442091 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06442091 d:ShareCapital 2023-04-01 2024-03-31 06442091 d:ShareCapital 2024-03-31 06442091 d:ShareCapital 2022-04-01 2023-03-31 06442091 d:ShareCapital 2023-03-31 06442091 d:ShareCapital 2022-04-01 06442091 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 06442091 d:CapitalRedemptionReserve 2024-03-31 06442091 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 06442091 d:CapitalRedemptionReserve 2023-03-31 06442091 d:CapitalRedemptionReserve 2022-04-01 06442091 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06442091 d:RetainedEarningsAccumulatedLosses 2024-03-31 06442091 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06442091 d:RetainedEarningsAccumulatedLosses 2023-03-31 06442091 d:RetainedEarningsAccumulatedLosses 2022-04-01 06442091 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06442091 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06442091 d:RetirementBenefitObligationsDeferredTax 2024-03-31 06442091 d:RetirementBenefitObligationsDeferredTax 2023-03-31 06442091 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-01 2024-03-31 06442091 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 06442091 c:FRS102 2023-04-01 2024-03-31 06442091 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06442091 c:FullAccounts 2023-04-01 2024-03-31 06442091 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06442091 d:Subsidiary1 2023-04-01 2024-03-31 06442091 d:Subsidiary1 1 2023-04-01 2024-03-31 06442091 2 2023-04-01 2024-03-31 06442091 6 2023-04-01 2024-03-31 06442091 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06442091









NIYAA PEOPLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NIYAA PEOPLE LIMITED
REGISTERED NUMBER: 06442091

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
140,345
167,922

Investments
  
2
-

  
140,347
167,922

Current assets
  

Debtors: amounts falling due within one year
 6 
3,456,135
1,825,028

Cash at bank and in hand
  
251,033
856,549

  
3,707,168
2,681,577

Creditors: amounts falling due within one year
 7 
(1,597,757)
(1,452,994)

Net current assets
  
 
 
2,109,411
 
 
1,228,583

Total assets less current liabilities
  
2,249,758
1,396,505

Creditors: amounts falling due after more than one year
 8 
-
(125,000)

Provisions for liabilities
  

Deferred tax
  
(34,369)
(31,905)

Other provisions
 11 
(36,000)
-

  
 
 
(70,369)
 
 
(31,905)

Net assets
  
2,179,389
1,239,600


Capital and reserves
  

Called up share capital 
  
3
3

Capital redemption reserve
  
2
2

Profit and loss account
  
2,179,384
1,239,595

  
2,179,389
1,239,600


Page 1

 
NIYAA PEOPLE LIMITED
REGISTERED NUMBER: 06442091
    
BALANCE SHEET (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 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 11 March 2025.




Dalvinder Singh Shoker
Director

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
NIYAA PEOPLE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
3
2
1,239,595
1,239,600


Comprehensive income for the year

Profit for the year

-
-
1,012,389
1,012,389


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
1,012,389
1,012,389


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(72,600)
(72,600)


Total transactions with owners
-
-
(72,600)
(72,600)


At 31 March 2024
3
2
2,179,384
2,179,389


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
NIYAA PEOPLE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
3
2
682,173
682,178


Comprehensive income for the year

Profit for the year

-
-
572,822
572,822


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
572,822
572,822


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(15,400)
(15,400)


Total transactions with owners
-
-
(15,400)
(15,400)


At 31 March 2023
3
2
1,239,595
1,239,600


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 06442091.  The Company's registered office is 46 The Priory Queensway, Mclaren Building 12th Floor, Birmingham, B4 7LR.
 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

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 accounts have been prepared on the 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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

Borrowing costs

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

 
2.8

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 profit or loss 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.

 
2.9

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.

Page 6

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Office equipment
-
15-25%

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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.

 
2.14

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 7

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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 58 (2023 - 45 as restated).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
131,783
262,786
394,569


Additions
-
3,434
3,434



At 31 March 2024

131,783
266,220
398,003



Depreciation


At 1 April 2023
86,078
140,569
226,647


Charge for the year on owned assets
6,856
24,155
31,011



At 31 March 2024

92,934
164,724
257,658



Net book value



At 31 March 2024
38,849
101,496
140,345



At 31 March 2023
45,705
122,217
167,922

Page 8

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2



At 31 March 2024
2





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Piara House Properties Limited
Ordinary
100%

On 1 April 2023 the company acquired 100% of the share capital of Piara House Properties Limited.  The registered office of the subsidiary company is the same as the parent company, being; Mclaren Building 12th Floor, 46 The Priory Queensway, Birmingham, B4 7LR.


6.


Debtors

2024
2023
£
£


Trade debtors
1,983,150
1,775,793

Amounts owed by group undertakings
1,398,069
-

Other debtors
-
70

Prepayments and accrued income
74,916
49,165

3,456,135
1,825,028


Page 9

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
75,129

Trade creditors
320,269
141,890

Corporation tax
82,835
128,991

Other taxation and social security
282,898
225,121

Other creditors
585,064
630,592

Accruals and deferred income
326,691
251,271

1,597,757
1,452,994



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
125,000

-
125,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
75,129


-
75,129

Amounts falling due 1-2 years

Bank loans
-
125,000


-
125,000



-
200,129


Page 10

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
(31,905)


Charged to profit or loss
(2,464)



At end of year
(34,369)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(35,086)
(31,905)

Pension surplus
717
-

(34,369)
(31,905)


11.


Provisions




Dilapidations provision

£





Charged to profit or loss
36,000



At 31 March 2024
36,000


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £7,648 (2023 - £8,270) were payable to the fund at the balance sheet date and are included in creditors.


13.Other financial commitments

At the balance sheet date the company had total commitments of £453,438.
The company acts as guarantor for a loan held by a subsidiary company.  The total amount outstanding and due on that loan at the 31 March 2024 was £2,782,579 (2023 - £Nil).

Page 11

 
NIYAA PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

14.


Related party transactions

During the year the company received loans from the directors of £253,600 (2023 - £Nil) and made repayments of loans of £30,000 (2023 - £49,600).  In addition the company settled expenses on behalf of the directors of £8,661 (2023 - £3,628) and the directors settled expenses on behalf of the company of £11,997 (2023 - £9,941).  The amount due to directors at 31 March 2024 was £271,798 (2023 - £44,863).
Loans are interest free and repayable on demand.

 
Page 12