Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsefalse58290 - Other software publishing62012 - Business and domestic software development62020 - Information technology consultancy activities63110 - Data processing, hosting and related activities107falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14203536 2023-07-01 2024-06-30 14203536 2022-06-29 2023-06-30 14203536 2024-06-30 14203536 2023-06-30 14203536 1 2023-07-01 2024-06-30 14203536 d:Director4 2023-07-01 2024-06-30 14203536 c:PlantMachinery 2023-07-01 2024-06-30 14203536 c:PlantMachinery 2024-06-30 14203536 c:PlantMachinery 2023-06-30 14203536 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14203536 c:ComputerEquipment 2023-07-01 2024-06-30 14203536 c:ComputerEquipment 2024-06-30 14203536 c:ComputerEquipment 2023-06-30 14203536 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14203536 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14203536 c:CurrentFinancialInstruments 2024-06-30 14203536 c:CurrentFinancialInstruments 2023-06-30 14203536 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 14203536 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 14203536 c:ShareCapital 2023-07-01 2024-06-30 14203536 c:ShareCapital 2024-06-30 14203536 c:ShareCapital 2022-06-29 2023-06-30 14203536 c:ShareCapital 2023-06-30 14203536 c:SharePremium 2023-07-01 2024-06-30 14203536 c:SharePremium 2024-06-30 14203536 c:SharePremium 2022-06-29 2023-06-30 14203536 c:SharePremium 2023-06-30 14203536 c:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 14203536 c:RetainedEarningsAccumulatedLosses 2024-06-30 14203536 c:RetainedEarningsAccumulatedLosses 2022-06-29 2023-06-30 14203536 c:RetainedEarningsAccumulatedLosses 2023-06-30 14203536 d:OrdinaryShareClass1 2023-07-01 2024-06-30 14203536 d:OrdinaryShareClass1 2024-06-30 14203536 d:OrdinaryShareClass1 2023-06-30 14203536 d:OrdinaryShareClass2 2023-07-01 2024-06-30 14203536 d:OrdinaryShareClass2 2024-06-30 14203536 d:OrdinaryShareClass3 2023-07-01 2024-06-30 14203536 d:OrdinaryShareClass3 2024-06-30 14203536 d:FRS102 2023-07-01 2024-06-30 14203536 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14203536 d:FullAccounts 2023-07-01 2024-06-30 14203536 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14203536 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14203536










NAVLIVE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
NAVLIVE LIMITED
REGISTERED NUMBER: 14203536

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,972
26,144

  
9,972
26,144

Current assets
  

Stocks
  
64,654
-

Debtors: amounts falling due within one year
 6 
143,786
14,028

Cash at bank and in hand
 7 
255,019
69,885

  
463,459
83,913

Creditors: amounts falling due within one year
 8 
(473,498)
(149,225)

Net current (liabilities)
  
 
 
(10,039)
 
 
(65,312)

Total assets less current liabilities
  
(67)
(39,168)

  

Net liabilities
  
(67)
(39,168)


Capital and reserves
  

Called up share capital 
 9 
393
300

Share premium account
  
1,241,231
-

Profit and loss account
  
(1,241,691)
(39,468)

  
(67)
(39,168)


Page 1

 
NAVLIVE LIMITED
REGISTERED NUMBER: 14203536

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




C Davison
Director

Date: 27 March 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
NAVLIVE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£



Loss for the period
-
-
(39,468)
(39,468)

Shares issued during the period
300
-
-
300



At 1 July 2023
300
-
(39,468)
(39,168)



Loss for the year
-
-
(1,202,223)
(1,202,223)

Shares issued during the year
93
1,241,231
-
1,241,324


At 30 June 2024
393
1,241,231
(1,241,691)
(67)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
NAVLIVE LIMITED
 

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

1.


General information

Navlive Limited is a private company, limited by share capital and incorporated in England on 29 June 2022. The registered office is 46 Woodstock Road, Oxford, England, OX2 6HT. 

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

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

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made losses of £1,202,223 (2023: £39,468) during the period and has net current liabilities of £10,039 (2023: £65,312) at the statement of financial position date. The directors have considered likely future results and forecasts together with available resources and sources of future funding and consider that the Company is in a position to continue to trade and meet its liabilities as they fall due through to the point at which the directors expect the company to become profitable and cash flow positive.

 
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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
NAVLIVE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.5

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

Borrowing costs

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

Page 5

 
NAVLIVE LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


 
2.9

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:

Plant and machinery
-
25%
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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
NAVLIVE LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was 10 (2023: 7).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
26,144
-
26,144


Additions
-
11,308
11,308


Disposals
(26,144)
-
(26,144)



At 30 June 2024

-
11,308
11,308



Depreciation


Charge for the year
-
1,336
1,336



At 30 June 2024

-
1,336
1,336



Net book value



At 30 June 2024
-
9,972
9,972



At 30 June 2023
26,144
-
26,144

Page 7

 
NAVLIVE LIMITED
 

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

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
64,654
-

64,654
-



6.


Debtors

2024
2023
£
£


Trade debtors
-
14,028

Other debtors
140,643
-

Prepayments and accrued income
3,143
-

143,786
14,028



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
255,019
69,885

Less: bank overdrafts
(15)
-

255,004
69,885



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
15
-

Other loans
-
137,147

Trade creditors
80,517
2,392

Other taxation and social security
-
6,836

Other creditors
389,916
-

Accruals and deferred income
3,050
2,850

473,498
149,225


Page 8

 
NAVLIVE LIMITED
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



325,532 (2023 - 300,000) Ordinary shares of £0.001 each
326
300
12,302 (2023 - Nil) Deferred shares of £0.001 each
12
-
55,287 (2023 - Nil) Seed preferred shares of £0.001 each
55
-

393

300


During the year, 37,834 Ordinary shares of £0.001 each were issued for the consideration of £504,327. On 13 May 2024, 12,302 Ordinary shares were re-classified as 12,302 Deferred shares of £0.001 each.
On 21 August 2023, 55,287 Seed preferred shares of £0.001 each were issued for the consideration of £736,997.


10.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,715 (2023: £667). Contributions totalling £nil were payable to the fund at the balance sheet date and are included in creditors.


11.


Post balance sheet events

In August 2024, 33,948 Seed preferred shares were issued for consideration of £469,928.


Page 9