Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28142022-03-01falseNo description of principal activity10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06508888 2022-03-01 2023-02-28 06508888 2021-03-01 2022-02-28 06508888 2023-02-28 06508888 2022-02-28 06508888 c:Director1 2022-03-01 2023-02-28 06508888 c:Director2 2022-03-01 2023-02-28 06508888 c:Director3 2022-03-01 2023-02-28 06508888 d:FurnitureFittings 2022-03-01 2023-02-28 06508888 d:FurnitureFittings 2023-02-28 06508888 d:FurnitureFittings 2022-02-28 06508888 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06508888 d:ComputerEquipment 2022-03-01 2023-02-28 06508888 d:ComputerEquipment 2023-02-28 06508888 d:ComputerEquipment 2022-02-28 06508888 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06508888 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06508888 d:CurrentFinancialInstruments 2023-02-28 06508888 d:CurrentFinancialInstruments 2022-02-28 06508888 d:Non-currentFinancialInstruments 2023-02-28 06508888 d:Non-currentFinancialInstruments 2022-02-28 06508888 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06508888 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 06508888 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 06508888 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 06508888 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 06508888 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 06508888 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 06508888 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 06508888 d:ShareCapital 2023-02-28 06508888 d:ShareCapital 2022-02-28 06508888 d:RetainedEarningsAccumulatedLosses 2023-02-28 06508888 d:RetainedEarningsAccumulatedLosses 2022-02-28 06508888 c:FRS102 2022-03-01 2023-02-28 06508888 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06508888 c:FullAccounts 2022-03-01 2023-02-28 06508888 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06508888 2 2022-03-01 2023-02-28 06508888 6 2022-03-01 2023-02-28 06508888 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 06508888 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 06508888










EXIM SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
EXIM SOLUTIONS LIMITED
REGISTERED NUMBER: 06508888

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,759
21,653

Investments
 5 
2
1

  
15,761
21,654

Current assets
  

Debtors: amounts falling due within one year
 6 
1,138,660
1,352,771

Cash at bank and in hand
  
785,787
490,653

  
1,924,447
1,843,424

Creditors: amounts falling due within one year
 7 
(1,078,591)
(1,288,403)

Net current assets
  
 
 
845,856
 
 
555,021

Total assets less current liabilities
  
861,617
576,675

Creditors: amounts falling due after more than one year
 8 
-
(38,467)

Provisions for liabilities
  

Deferred tax
 10 
(2,937)
(3,916)

  
 
 
(2,937)
 
 
(3,916)

Net assets
  
858,680
534,292


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
858,380
533,992

  
858,680
534,292


Page 5

 
EXIM SOLUTIONS LIMITED
REGISTERED NUMBER: 06508888
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 income statement 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 26 September 2023.




................................................
B Scully
................................................
D Lampin
Director
Director



................................................
L Ashdown
Director




The notes on pages 7 to 15 form part of these financial statements.

Page 6

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

EXIM Solutions Limited is a company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is 78 Claydon Business Park, Great Blakenham, Ipswich, England, IP6 0NL.

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 company has taken advantage of the exemption under section 399 of the Companies Act 2006
not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies
as a small group. The financial statements present information about the company as an individual
entity and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. Nevertheless, the Directors have considered the current financial strength of the Company, together with the range of measures the Directors can take to mitigate ongoing costs should they need to.
Based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, and, based on the economic environment recovering within the timeframe currently being widely anticipated, at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Page 7

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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 8

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 9

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

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 on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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 10

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.15

Financial instruments

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.16

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 directors, during the year was 14 (2022 - 10).

Page 11

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
10,611
39,328
49,939


Additions
-
1,206
1,206



At 28 February 2023

10,611
40,534
51,145



Depreciation


At 1 March 2022
7,357
20,929
28,286


Charge for the year on owned assets
815
6,285
7,100



At 28 February 2023

8,172
27,214
35,386



Net book value



At 28 February 2023
2,439
13,320
15,759



At 28 February 2022
3,254
18,399
21,653


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
1


Additions
1



At 28 February 2023
2




Page 12

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,066,494
1,344,687

Other debtors
4,539
3,974

Prepayments and accrued income
67,627
4,110

1,138,660
1,352,771



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
-
5,833

Trade creditors
830,998
1,084,128

Amounts owed to group undertakings
2,348
2,348

Corporation tax
146,082
119,997

Other taxation and social security
89,681
63,878

Other creditors
1,119
3,029

Accruals and deferred income
8,363
9,190

1,078,591
1,288,403



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
38,467

-
38,467


Page 13

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
-
5,833


-
5,833

Amounts falling due 1-2 years

Other loans
-
10,000


-
10,000

Amounts falling due 2-5 years

Other loans
-
28,467


-
28,467


-
44,300



10.


Deferred taxation




2023


£






At beginning of year
(3,916)


Charged to profit or loss
979



At end of year
(2,937)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,937)
(3,916)

(2,937)
(3,916)

Page 14

 
EXIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

11.


Capital commitments


At 28 February 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for but not provided in these financial statements
444,422
-

444,422
-

 
Page 15