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REGISTERED NUMBER: 14274838 (England and Wales)















Financial Statements for the Year Ended 31st August 2024

for

Opencrvs Limited

Opencrvs Limited (Registered number: 14274838)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Opencrvs Limited

Company Information
for the Year Ended 31st August 2024







DIRECTOR: Ms A Wersun



REGISTERED OFFICE: 179 Park Lane
Poynton
Stockport
SK12 1RH



REGISTERED NUMBER: 14274838 (England and Wales)



SENIOR STATUTORY AUDITOR: Bernard Verby



AUDITORS: Bennett Verby Limited
7 St Petersgate
Stockport
SK1 1EB

Opencrvs Limited (Registered number: 14274838)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Debtors 4 23,417 18,574
Cash at bank 697,137 2,042
720,554 20,616
CREDITORS
Amounts falling due within one year 5 904,478 61,292
NET CURRENT LIABILITIES (183,924 ) (40,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(183,924

)

(40,676

)

RESERVES
Income and expenditure account (183,924 ) (40,676 )
(183,924 ) (40,676 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th May 2025 and were signed by:





Ms A Wersun - Director


Opencrvs Limited (Registered number: 14274838)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

Opencrvs Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Income and expenditure
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future despite the negative balance sheet position which may cause doubt on the company's ability to continue as a going concern.

Detailed budgets have been prepared and future funding secured to ensure the company is able to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Opencrvs Limited (Registered number: 14274838)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors (1 ) 493
VAT 23,418 18,081
23,417 18,574

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 60,871 34,198
Accrued expenses 843,607 27,094
904,478 61,292

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bernard Verby (Senior Statutory Auditor)
for and on behalf of Bennett Verby Limited

7. RELATED PARTY DISCLOSURES

During the period the company entered into the following transactions with related parties:

Consultancy fees paid to New Legacy Digital (a company under common control) totalled £180,643 (2023: £129,384).

8. LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.