Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity2531truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06911565 2024-01-01 2024-12-31 06911565 2023-01-01 2023-12-31 06911565 2024-12-31 06911565 2023-12-31 06911565 2023-01-01 06911565 c:Director1 2024-01-01 2024-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2024-12-31 06911565 d:Buildings d:ShortLeaseholdAssets 2023-12-31 06911565 d:FurnitureFittings 2024-01-01 2024-12-31 06911565 d:FurnitureFittings 2024-12-31 06911565 d:FurnitureFittings 2023-12-31 06911565 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06911565 d:ComputerEquipment 2024-01-01 2024-12-31 06911565 d:ComputerEquipment 2024-12-31 06911565 d:ComputerEquipment 2023-12-31 06911565 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06911565 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06911565 d:CurrentFinancialInstruments 2024-12-31 06911565 d:CurrentFinancialInstruments 2023-12-31 06911565 d:Non-currentFinancialInstruments 2024-12-31 06911565 d:Non-currentFinancialInstruments 2023-12-31 06911565 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06911565 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06911565 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06911565 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 06911565 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06911565 d:ShareCapital 2024-12-31 06911565 d:ShareCapital 2023-12-31 06911565 d:CapitalRedemptionReserve 2024-12-31 06911565 d:CapitalRedemptionReserve 2023-12-31 06911565 d:RetainedEarningsAccumulatedLosses 2024-12-31 06911565 d:RetainedEarningsAccumulatedLosses 2023-12-31 06911565 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06911565 c:OrdinaryShareClass1 2024-12-31 06911565 c:OrdinaryShareClass1 2023-12-31 06911565 c:FRS102 2024-01-01 2024-12-31 06911565 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06911565 c:FullAccounts 2024-01-01 2024-12-31 06911565 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06911565 d:WithinOneYear 2024-12-31 06911565 d:WithinOneYear 2023-12-31 06911565 d:BetweenOneFiveYears 2024-12-31 06911565 d:BetweenOneFiveYears 2023-12-31 06911565 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 06911565 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06911565 2 2024-01-01 2024-12-31 06911565 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06911565










AVANTI RECRUITMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024



 
AVANTI RECRUITMENT LIMITED
REGISTERED NUMBER: 06911565

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,338
29,587

  
26,338
29,587

Current assets
  

Debtors: amounts falling due within one year
 5 
507,151
446,355

Cash at bank and in hand
 6 
343,420
540,700

  
850,571
987,055

Creditors: amounts falling due within one year
 7 
(444,100)
(490,512)

Net current assets
  
 
 
406,471
 
 
496,543

Total assets less current liabilities
  
432,809
526,130

Creditors: amounts falling due after more than one year
 8 
(31,071)
(81,055)

Provisions for liabilities
  

Deferred tax
 10 
(5,565)
(4,818)

  
 
 
(5,565)
 
 
(4,818)

Net assets
  
396,173
440,257


Capital and reserves
  

Called up share capital 
 11 
100
100

Capital redemption reserve
  
50
50

Profit and loss account
  
396,023
440,107

  
396,173
440,257


Page 1

 
AVANTI RECRUITMENT LIMITED
REGISTERED NUMBER: 06911565

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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: 




M P Simpson
Director

Date: 29 April 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Avanti Recruitment Limted is a private company, limited by share capital and incorporated in England and Wales. 
The Company's registered office and principal place of business is 30-31 Friar Street, Reading, England, RG1 1DX.

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

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.

 
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.

Page 3

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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:

Short-term leasehold property
-
25% straight line
Fixtures and fittings
-
33% straight line and 25% reducing balance
Computer equipment
-
33% straight line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

 
2.13

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.

 
2.14

Interest income

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

 
2.15

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.

Page 5

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.16

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 31).

Page 6

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
40,149
18,534
112,591
171,274


Additions
-
-
15,724
15,724



At 31 December 2024

40,149
18,534
128,315
186,998



Depreciation


At 1 January 2024
29,833
15,426
96,428
141,687


Charge for the year on owned assets
6,239
1,818
10,916
18,973



At 31 December 2024

36,072
17,244
107,344
160,660



Net book value



At 31 December 2024
4,077
1,290
20,971
26,338



At 31 December 2023
10,316
3,108
16,163
29,587

Page 7

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Trade debtors
243,376
354,655

Other debtors
172,841
1,468

Prepayments and accrued income
90,934
90,232

507,151
446,355



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
343,420
540,700

343,420
540,700



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
38,874
46,309

Corporation tax
143,778
134,304

Other taxation and social security
36,002
59,760

Other creditors
13,605
39,227

Accruals and deferred income
161,841
160,912

444,100
490,512



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
31,071
81,055

31,071
81,055


Page 8

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
50,000

Amounts falling due 1-2 years

Bank loans
31,071
50,000

Amounts falling due 2-5 years

Bank loans
-
31,055


81,071
131,055



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(4,818)
(3,360)


Charged to profit or loss
(747)
(1,458)



At end of year
(5,565)
(4,818)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,565)
(4,818)

(5,565)
(4,818)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


Page 9

 
AVANTI RECRUITMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £98,838 (2023: £52,935). Contributions totalling £nil (2023: £nil) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
65,942
67,234

Later than 1 year and not later than 5 years
4,557
70,499

70,499
137,733


14.


Related party transactions

At the year end £nil (2023: £19,422) was owed to M P Simpson, a director, this amount is interest free and repayable upon demand.
At the year end £116,392 (2023: £nil) was owed to the Company from G S James, a director. Interest has been charged at 2.25% and repayable upon demand.


15.


Controlling party

The Company is controlled by its directors. 


Page 10