| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st August 2024 |
| for |
| Opencrvs Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| RESERVES |
| Income and expenditure account | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| Opencrvs Limited (Registered number: 14274838) |
| Notes to the Financial Statements |
| for the Year Ended 31st August 2024 |
| 1. | COMPANY INFORMATION |
| Opencrvs Limited is a |
| 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 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 |
| 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 | ( |
) |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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. |