Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08570000 2023-08-01 2024-07-31 08570000 2022-08-01 2023-07-31 08570000 2024-07-31 08570000 2023-07-31 08570000 c:Director2 2023-08-01 2024-07-31 08570000 d:OfficeEquipment 2023-08-01 2024-07-31 08570000 d:OfficeEquipment 2024-07-31 08570000 d:OfficeEquipment 2023-07-31 08570000 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08570000 d:CurrentFinancialInstruments 2024-07-31 08570000 d:CurrentFinancialInstruments 2023-07-31 08570000 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08570000 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08570000 d:ShareCapital 2024-07-31 08570000 d:ShareCapital 2023-07-31 08570000 d:RetainedEarningsAccumulatedLosses 2024-07-31 08570000 d:RetainedEarningsAccumulatedLosses 2023-07-31 08570000 c:OrdinaryShareClass2 2023-08-01 2024-07-31 08570000 c:OrdinaryShareClass2 2024-07-31 08570000 c:OrdinaryShareClass3 2023-08-01 2024-07-31 08570000 c:OrdinaryShareClass3 2024-07-31 08570000 c:FRS102 2023-08-01 2024-07-31 08570000 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08570000 c:FullAccounts 2023-08-01 2024-07-31 08570000 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08570000 2 2023-08-01 2024-07-31 08570000 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08570000









ELANAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
ELANAR LIMITED
REGISTERED NUMBER: 08570000

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
624
832

Current assets
  

Debtors: amounts falling due within one year
 5 
1,521,908
1,468,399

Cash at bank and in hand
 6 
741,462
458,439

  
2,263,370
1,926,838

Creditors: amounts falling due within one year
 7 
(1,178,167)
(931,502)

Net current assets
  
 
 
1,085,203
 
 
995,336

Net assets
  
1,085,827
996,168


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
1,085,825
996,166

  
1,085,827
996,168


Page 1

 
ELANAR LIMITED
REGISTERED NUMBER: 08570000
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 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 16 April 2025.




I Wright
Director


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

Page 2

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Elanar Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in providing the services of the directors
.

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

The directors have taken consideration of the impact of the inflationary pressures on the business and note that the company has seen trading volumes continue to increase and expect 2025 to continue be profitable and that the company has sufficient working capital and other finance available to continue for a period of not less than 12 months from the date of approval of the Statement of financial position date. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a 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

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.

Page 3

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Office equipment
-
25%
Reducing balance

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.9

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.

Page 4

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.
Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.11

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.


 
2.12

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 comprehensive income 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 the Statement of comprehensive income within 'other operating income'.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 5

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 August 2023
2,060



At 31 July 2024

2,060



Depreciation


At 1 August 2023
1,228


Charge for the year on owned assets
208



At 31 July 2024

1,436



Net book value



At 31 July 2024
624



At 31 July 2023
832

Page 6

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
476,465
332,215

Other debtors
1,045,443
1,136,184

1,521,908
1,468,399



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
741,462
458,439

741,462
458,439



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
137,146
158,517

Corporation tax
549,017
450,041

Other taxation and social security
109,618
86,213

Other creditors
4,073
582

Accruals and deferred income
378,313
236,149

1,178,167
931,502



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£

 
-
 
-

Page 7

 
ELANAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary A share of £1
1
1
1 Ordinary B share of £1
1
1

2

2


The Ordinary "A" £1 shares and Ordinary "B" £1 shares are separate classes of shares for the purpose of declaration of dividends, but rank pari passu in all other respects.



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 £62 (2023 - £Nil). Contributions totalling £62 (2023 - £Nil) were payable at the reporting date.


11.


Transactions with directors

During the year, the directors has withdrawn £1,238,631 (2023 - £1,092,391) from the company. Also during the year, the directors made loans of £1,329,118 (2023 - £1,328,857) to the company. At the year end, an amount of £995,443 (2023 - £1,085,930) was due from the directors and was included within other debtors.


12.


Controlling party

The company was controlled throughout the period by its directors.

 
Page 8