Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falsemanagement consulting activities and executive coaching11falsetruefalse 12980754 2023-11-01 2024-10-31 12980754 2022-11-01 2023-10-31 12980754 2024-10-31 12980754 2023-10-31 12980754 c:Director1 2023-11-01 2024-10-31 12980754 d:OfficeEquipment 2023-11-01 2024-10-31 12980754 d:OfficeEquipment 2024-10-31 12980754 d:OfficeEquipment 2023-10-31 12980754 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12980754 d:ComputerEquipment 2023-11-01 2024-10-31 12980754 d:ComputerEquipment 2024-10-31 12980754 d:ComputerEquipment 2023-10-31 12980754 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12980754 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12980754 d:CurrentFinancialInstruments 2024-10-31 12980754 d:CurrentFinancialInstruments 2023-10-31 12980754 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12980754 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12980754 d:ShareCapital 2024-10-31 12980754 d:ShareCapital 2023-10-31 12980754 d:RetainedEarningsAccumulatedLosses 2024-10-31 12980754 d:RetainedEarningsAccumulatedLosses 2023-10-31 12980754 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12980754 c:FRS102 2023-11-01 2024-10-31 12980754 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12980754 c:FullAccounts 2023-11-01 2024-10-31 12980754 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12980754 2 2023-11-01 2024-10-31 12980754 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 12980754














SHUMULY LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
SHUMULY LTD
 

CONTENTS



Page
Statement of financial position
 
1
Notes to the financial statements
 
2 - 5


 
SHUMULY LTD
REGISTERED NUMBER:12980754

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,413
7,935

Current assets
  

Debtors: amounts falling due within one year
 5 
41,567
82,820

Cash at bank and in hand
  
54,472
190,622

  
96,039
273,442

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(44,095)
(76,900)

Net current assets
  
 
 
51,944
 
 
196,542

  

Net assets
  
60,357
204,477


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
60,356
204,476

  
60,357
204,477


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 27 March 2025.



A Semaan
Director

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

Page 1

 
SHUMULY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Shumuly Limited is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the company continued to be that of management consulting activities and executive coaching.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised in the period the services are performed.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
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.

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at
Page 2

 
SHUMULY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.4
Basic financial instruments (continued)

amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. 
Cash and cash equivalents comprise cash balances and call deposits.

 
2.5

Interest income

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

 
2.6

Current and deferred 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 reporting 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 reporting 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Foreign currency translation

The Company's functional and presentational currency is GBP.
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 3

 
SHUMULY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable.


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 November 2023
3,675
9,212
12,887


Additions
2,149
416
2,565



At 31 October 2024

5,824
9,628
15,452



Depreciation


At 1 November 2023
1,750
3,202
4,952


Charge for the year on owned assets
568
1,519
2,087



At 31 October 2024

2,318
4,721
7,039



Net book value



At 31 October 2024
3,506
4,907
8,413


5.


Debtors

2024
2023
£
£


Trade debtors
36,489
78,321

Prepayments and accrued income
4,874
4,499

Tax recoverable
204
-

41,567
82,820


Page 4

 
SHUMULY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
47
91

Other taxation and social security
39,875
68,668

Other creditors
61
3,714

Accruals and deferred income
4,112
4,427

44,095
76,900



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



 Ordinary share of £1
1
1


 
Page 5