Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-302false2021-07-01falseSale of computer software, however, no longer trading2true 03778354 2021-07-01 2022-06-30 03778354 2020-07-01 2021-06-30 03778354 2022-06-30 03778354 2021-06-30 03778354 2020-07-01 03778354 c:RestatedAmount 2021-06-30 03778354 c:RestatedAmount 2020-07-01 03778354 d:Director2 2021-07-01 2022-06-30 03778354 c:CurrentFinancialInstruments 2022-06-30 03778354 c:CurrentFinancialInstruments 2021-06-30 03778354 c:CurrentFinancialInstruments c:WithinOneYear 2022-06-30 03778354 c:CurrentFinancialInstruments c:WithinOneYear 2021-06-30 03778354 c:ShareCapital 2022-06-30 03778354 c:ShareCapital 2021-06-30 03778354 c:ShareCapital 2020-07-01 03778354 c:SharePremium 2021-07-01 2022-06-30 03778354 c:SharePremium 2022-06-30 03778354 c:SharePremium 2021-06-30 03778354 c:SharePremium c:RestatedAmount 2021-06-30 03778354 c:SharePremium 2020-07-01 03778354 c:SharePremium c:RestatedAmount 2020-07-01 03778354 c:CapitalRedemptionReserve 2022-06-30 03778354 c:CapitalRedemptionReserve 2020-07-01 2021-06-30 03778354 c:CapitalRedemptionReserve 2021-06-30 03778354 c:CapitalRedemptionReserve c:RestatedAmount 2021-06-30 03778354 c:CapitalRedemptionReserve 2020-07-01 03778354 c:CapitalRedemptionReserve c:RestatedAmount 2020-07-01 03778354 c:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 03778354 c:RetainedEarningsAccumulatedLosses 2022-06-30 03778354 c:RetainedEarningsAccumulatedLosses 2020-07-01 2021-06-30 03778354 c:RetainedEarningsAccumulatedLosses 2021-06-30 03778354 c:RetainedEarningsAccumulatedLosses c:RestatedAmount 2021-06-30 03778354 c:RetainedEarningsAccumulatedLosses 2020-07-01 03778354 c:RetainedEarningsAccumulatedLosses c:RestatedAmount 2020-07-01 03778354 d:OrdinaryShareClass1 2021-07-01 2022-06-30 03778354 d:OrdinaryShareClass1 2022-06-30 03778354 d:OrdinaryShareClass1 2021-06-30 03778354 d:OrdinaryShareClass2 2021-07-01 2022-06-30 03778354 d:OrdinaryShareClass2 2022-06-30 03778354 d:OrdinaryShareClass2 2021-06-30 03778354 d:OrdinaryShareClass3 2021-07-01 2022-06-30 03778354 d:OrdinaryShareClass3 2022-06-30 03778354 d:OrdinaryShareClass3 2021-06-30 03778354 d:FRS102 2021-07-01 2022-06-30 03778354 d:Audited 2021-07-01 2022-06-30 03778354 d:FullAccounts 2021-07-01 2022-06-30 03778354 d:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 03778354 d:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 03778354 c:SharePremium c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 03778354 c:SharePremium c:PriorPeriodErrorIncreaseDecrease 2020-07-01 2021-06-30 03778354 c:CapitalRedemptionReserve c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 03778354 c:CapitalRedemptionReserve c:PriorPeriodErrorIncreaseDecrease 2020-07-01 2021-06-30 03778354 c:RetainedEarningsAccumulatedLosses c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 03778354 c:RetainedEarningsAccumulatedLosses c:PriorPeriodErrorIncreaseDecrease 2020-07-01 2021-06-30 03778354 c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 03778354 c:PriorPeriodErrorIncreaseDecrease 2020-07-01 2021-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03778354










EXONY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

 
EXONY LIMITED
REGISTERED NUMBER: 03778354

BALANCE SHEET
AS AT 30 JUNE 2022

As restated
2022
2021
Note
£
£

  

Current assets
  

Debtors
 4 
7,610,381
7,516,397

Cash at bank and in hand
 5 
23,345
23,624

  
7,633,726
7,540,021

Creditors: amounts falling due within one year
 6 
(4,926,540)
(4,861,927)

Net current assets
  
2,707,186
2,678,094

Total assets less current liabilities
  
2,707,186
2,678,094

  

Net assets
  
2,707,186
2,678,094


Capital and reserves
  

Called up share capital 
  
7,073
7,073

Share premium account
  
149,390
149,390

Profit and loss account
  
2,550,723
2,521,631

  
2,707,186
2,678,094


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

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 profit and loss account 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 17 October 2023.




E Smit
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 1

 
EXONY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2021 (as previously stated)
7,073
149,390
545,202
1,839,597
2,541,262

Prior year adjustment - correction of error
-
-
(545,202)
682,034
136,832

At 1 July 2021 (as restated)
7,073
149,390
-
2,521,631
2,678,094


Comprehensive income for the year

Profit for the year
-
-
-
29,092
29,092


At 30 June 2022
7,073
149,390
-
2,550,723
2,707,186


The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
EXONY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2021


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2020 (as previously stated)
7,073
149,390
545,202
508,937
1,210,602

Prior year adjustment - correction of error
-
-
-
50,214
50,214

At 1 July 2020 (as restated)
7,073
149,390
545,202
559,151
1,260,816


Comprehensive income for the year

Profit for the year
-
-
-
1,417,278
1,417,278

Transfer to/from profit and loss account
-
-
(545,202)
545,202
-


At 30 June 2021
7,073
149,390
-
2,521,631
2,678,094


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
EXONY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1.


General information

Exony Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The company's registered office is St Catherines House, Oxford Square, Oxford Street, Newbury, RG14 1JQ.
The principal activity of the Company is the sale of computer software technology.

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 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.

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

Page 4

 
EXONY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
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.

 
2.4

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.

 
2.5

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.

 
2.6

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. 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.

 
2.7

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.

 
2.8

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 5

 
EXONY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)


2.8
Financial instruments (continued)

initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.


3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2021: 2).


4.


Debtors

As restated
2022
2021
£
£



Amounts owed by group undertakings
7,610,381
7,515,125

Other debtors
-
1,272

7,610,381
7,516,397


Amounts owed by group undertakings are non-interest bearing and are repayable on demand. 

Page 6

 
EXONY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
23,345
23,624

23,345
23,624



6.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Amounts owed to group undertakings
4,926,540
4,860,655

Corporation tax
-
1,272

4,926,540
4,861,927


Amounts owed to group undertakings are non-interest bearing and are repayable on demand. 


7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



6,114,428 (2021 - 6,114,428) Ordinary shares of £0.00100 each
6,114
6,114
3,177,936 (2021 - 3,177,936) Deferred ordinary shares of £0.00010 each
318
318
6,405,272 (2021 - 6,405,272) Preferred ordinary shares of £0.00010 each
641
641

7,073

7,073



8.


Reserves

Share premium account

The share premium account includes the premium on issue of equity shares, net of any issue costs. 

Profit and loss account

The profit and loss account represents cumulative profits or losses net of dividends paid and other adjustments. 

Page 7

 
EXONY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

9.


Prior year adjustment

A prior year adjustment has been made to correctly account for intercompany royalty income that was omitted during the years ended 30 June 2020 and 30 June 2021. The effect of this adjustment is to increase revenue for the year ended 30 June 2021 by £86,618, increase opening retained earnings by £50,214 and increase amounts owed by group undertakings by £136,832.
A prior year reclassification has also been made to transfer the capital contribution reserve to the profit and loss account. The effect is to increase retained earnings and reduce the capital contribution reserve by £545,202.
A prior year reclassification has also been made to release historic accruals. The effect is to decrease accruals and increase amounts due to group undertakings by £25,311.


10.


Controlling party

The ultimate controlling party is eGain Corporation, a company incorporated in the United States of America. The address of the ultimate controlling party party is 1252 Borregas Avenue, Sunnyvale, CA 94089, USA.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 30 June 2022 was unqualified.

The audit report was signed on 20 October 2023 by Alan Poole BA (Hons) FCA (Senior statutory auditor) on behalf of James Cowper Kreston.

Page 8