Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10992817 2023-11-01 2024-10-31 10992817 2022-11-01 2023-10-31 10992817 2024-10-31 10992817 2023-10-31 10992817 2022-11-01 10992817 c:Director1 2023-11-01 2024-10-31 10992817 d:CurrentFinancialInstruments 2024-10-31 10992817 d:CurrentFinancialInstruments 2023-10-31 10992817 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10992817 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10992817 d:ShareCapital 2023-11-01 2024-10-31 10992817 d:ShareCapital 2024-10-31 10992817 d:ShareCapital 2022-11-01 2023-10-31 10992817 d:ShareCapital 2023-10-31 10992817 d:ShareCapital 2022-11-01 10992817 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 10992817 d:RetainedEarningsAccumulatedLosses 2024-10-31 10992817 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 10992817 d:RetainedEarningsAccumulatedLosses 2023-10-31 10992817 d:RetainedEarningsAccumulatedLosses 2022-11-01 10992817 c:OrdinaryShareClass1 2023-11-01 2024-10-31 10992817 c:OrdinaryShareClass1 2024-10-31 10992817 c:OrdinaryShareClass1 2023-10-31 10992817 c:FRS102 2023-11-01 2024-10-31 10992817 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10992817 c:FullAccounts 2023-11-01 2024-10-31 10992817 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10992817 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10992817







ASSEGAIA LTD


UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024

 
ASSEGAIA LTD
REGISTERED NUMBER: 10992817

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
802
47

Cash at bank and in hand
 5 
11,820
18,696

  
12,622
18,743

Creditors: amounts falling due within one year
 6 
(600)
(3,496)

Net current assets
  
 
 
12,022
 
 
15,247

Total assets less current liabilities
  
12,022
15,247

  

Net assets
  
12,022
15,247


Capital and reserves
  

Called up share capital 
 7 
20
20

Profit and loss account
 8 
12,002
15,227

  
12,022
15,247


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 her 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 11 April 2025.



M Naude
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
ASSEGAIA LTD
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 November 2022
20
2,881
2,901


Comprehensive income for the year

Profit for the year
-
12,346
12,346
Total comprehensive income for the year
-
12,346
12,346



At 1 November 2023
20
15,227
15,247


Comprehensive income for the year

Loss for the year
-
(3,225)
(3,225)
Total comprehensive income for the year
-
(3,225)
(3,225)


At 31 October 2024
20
12,002
12,022


The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

Page 3

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

1.Accounting policies (continued)

 
1.4

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.


 
1.5

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.

 
1.6

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.

 
1.7

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.

Page 4

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

3.


Employees




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


4.


Debtors

2024
2023
£
£


Other debtors
802
47

802
47



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,820
18,696

11,820
18,696



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
2,896

Accruals and deferred income
600
600

600
3,496



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



20 (2023 - 20) Ordinary shares of £1.00 each
20
20


Page 5

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

8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 6