ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13297847 2022-04-01 2023-03-31 13297847 2021-04-01 2022-03-31 13297847 2023-03-31 13297847 2022-03-31 13297847 c:Director1 2022-04-01 2023-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 13297847 d:CurrentFinancialInstruments 2023-03-31 13297847 d:CurrentFinancialInstruments 2022-03-31 13297847 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13297847 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13297847 d:ShareCapital 2023-03-31 13297847 d:ShareCapital 2022-03-31 13297847 d:SharePremium 2023-03-31 13297847 d:SharePremium 2022-03-31 13297847 d:RetainedEarningsAccumulatedLosses 2023-03-31 13297847 d:RetainedEarningsAccumulatedLosses 2022-03-31 13297847 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13297847 c:OrdinaryShareClass1 2023-03-31 13297847 c:OrdinaryShareClass1 2022-03-31 13297847 c:FRS102 2022-04-01 2023-03-31 13297847 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13297847 c:FullAccounts 2022-04-01 2023-03-31 13297847 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13297847 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13297847

ONO APP LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

ONO APP LTD

REGISTERED NUMBER: 13297847

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Intangible assets	4		99,875		-
Current assets
Debtors: amounts falling due within one year	5	-		100
Cash at bank and in hand	6	89,467		-
		89,467		100
Creditors: amounts falling due within one year	7	(66,159)		-
Net current assets			23,308		100

Net assets			123,183		100

Capital and reserves
Called up share capital	8	218	100
Share premium account		152,981	-
Profit and loss account		(30,016)	-
		123,183	100

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ONO APP LTD

REGISTERED NUMBER: 13297847

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2023

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 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 16 October 2023.

R J Rogers

Director

The notes on pages 3 to 5 form part of these financial statements.

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ONO APP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales. The
address of its registered office is Regina House, 124 Finchley Road, London, United Kingdom, NW3 5JS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial, and financial feasibility can be demonstrated.
The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

2.3

Borrowing costs

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

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Intangible assets comprises development costs and have not been amortised as the development has not been completed.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment

2.6

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.

2.7

Creditors

Short-term creditors are measured at the transaction price.

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ONO APP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

4.	Intangible assets

		Development costs
		£
	Cost
	Additions - internal	99,875
	At 31 March 2023	99,875

	Net book value
	At 31 March 2023	99,875
	At 31 March 2022	-

Debtors

					2023	2022
					£	£


Other debtors	-	100

6.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	89,467	-

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ONO APP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other loans	5,000	-
Other creditors	61,159	-
	66,159	-

8.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

2,179,994 (2022 - 1,000,000) ordinary shares of £0.0001 each	218	100

During the year, 179,994 ordinary shares of £0.0001 each were issued fully paid for cash at £152,999
The shares have attached to them full voting, dividend and capital distributions (including on winding up) rights; they do not confer and rights of redemption
Called-up share capital represents the nominal value of shares that have been issued.
The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

9.	Related party transactions
	At the reporting date, £61,159 was owed to Renee Rogers, a director of the company (2022: Nil).

10.	Controlling party

The company is controlled by Renee Rogers, a director of the company, through her ownership of shares.

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