Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-192023-11-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14430465 2023-11-01 2024-10-31 14430465 2023-02-01 2023-10-31 14430465 2024-10-31 14430465 2023-10-31 14430465 c:Director1 2023-11-01 2024-10-31 14430465 d:OfficeEquipment 2023-11-01 2024-10-31 14430465 d:OfficeEquipment 2024-10-31 14430465 d:OfficeEquipment 2023-10-31 14430465 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 14430465 d:CurrentFinancialInstruments 2024-10-31 14430465 d:CurrentFinancialInstruments 2023-10-31 14430465 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 14430465 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14430465 d:ShareCapital 2024-10-31 14430465 d:ShareCapital 2023-10-31 14430465 d:RetainedEarningsAccumulatedLosses 2024-10-31 14430465 d:RetainedEarningsAccumulatedLosses 2023-10-31 14430465 c:FRS102 2023-11-01 2024-10-31 14430465 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14430465 c:FullAccounts 2023-11-01 2024-10-31 14430465 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14430465 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 14430465





 
Curayio Ltd          
 
Financial statements          

For the year ended 31 October 2024          

 
Curayio Ltd
Registered number:14430465

Balance sheet
As at 31 October 2024


2024 

2023 
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,718
1,204

Current assets
  

Debtors
 5 
11,651
5,995

Cash at bank and in hand
 6 
21,762
15,083

  
33,413
21,078

Creditors: amounts falling due within one year
 7 
(34,454)
(19,363)

Net current (liabilities)/assets
  
 
 
(1,041)
 
 
1,715

  

Net assets
  
1,677
2,919


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,676
2,918

  
1,677
2,919


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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings 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 19 May 2025.





H A Mallace
Director


The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

1.


General information

Curayio Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is 12-15 Rheidol Terrace, London, England, N1 8NT.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

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.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
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 2

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 balance sheet date in the countries where the company operates and generates income.


 
2.6

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, on a reducing balance basis.

Depreciation is provided at the following rate:

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.

 
2.7

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.

 
2.8

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.

Page 3

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
 

Page 4

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.11

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


      Year ended
      31 October
     Period ended
       31 October
        2024
        2023
            No.
            No.







Directors
1
1

Page 5

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 November 2023
1,606


Additions
2,368



At 31 October 2024

3,974



Depreciation


At 1 November 2023
402


Charge for the year
854



At 31 October 2024

1,256



Net book value



At 31 October 2024
2,718



At 31 October 2023
1,204


5.


Debtors

2024
2023
£
£


Trade debtors
11,600
5,950

Prepayments and accrued income
51
45

11,651
5,995



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,762
15,083


Page 6

 
Curayio Ltd
 
 
Notes to the financial statements
For the year ended 31 October 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
82
2,400

Corporation tax
7,402
2,330

Other taxation and social security
3,498
834

Other creditors
21,582
11,999

Accruals and deferred income
1,890
1,800

34,454
19,363


 


 

Page 7