Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseDelivery of interactive services and content via fixed line, mobile telephony and internet1120truetrue 03487227 2023-01-01 2023-12-31 03487227 2021-10-01 2022-12-31 03487227 2023-12-31 03487227 2022-12-31 03487227 c:Director3 2023-01-01 2023-12-31 03487227 d:ComputerEquipment 2023-01-01 2023-12-31 03487227 d:ComputerEquipment 2023-12-31 03487227 d:ComputerEquipment 2022-12-31 03487227 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03487227 d:CurrentFinancialInstruments 2023-12-31 03487227 d:CurrentFinancialInstruments 2022-12-31 03487227 d:Non-currentFinancialInstruments 2023-12-31 03487227 d:Non-currentFinancialInstruments 2022-12-31 03487227 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03487227 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03487227 d:ShareCapital 2023-12-31 03487227 d:ShareCapital 2022-12-31 03487227 d:RetainedEarningsAccumulatedLosses 2023-12-31 03487227 d:RetainedEarningsAccumulatedLosses 2022-12-31 03487227 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03487227 c:OrdinaryShareClass1 2023-12-31 03487227 c:OrdinaryShareClass1 2022-12-31 03487227 c:FRS102 2023-01-01 2023-12-31 03487227 c:Audited 2023-01-01 2023-12-31 03487227 c:FullAccounts 2023-01-01 2023-12-31 03487227 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03487227 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03487227 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03487227









ADVIQO UK LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ADVIQO UK LIMITED
REGISTERED NUMBER: 03487227

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
883
6,464

  
883
6,464

Current assets
  

Debtors: amounts falling due after more than one year
 6 
-
68,925

Debtors: amounts falling due within one year
 6 
94,608
223,183

Cash at bank and in hand
  
741,427
380,401

  
836,035
672,509

Creditors: amounts falling due within one year
 7 
(832,527)
(657,874)

Net current assets
  
 
 
3,508
 
 
14,635

Total assets less current liabilities
  
4,391
21,099

Provisions for liabilities
  

Deferred tax
  
-
(854)

  
 
 
-
 
 
(854)

Net assets
  
4,391
20,245


Capital and reserves
  

Called up share capital 
 8 
164
164

Profit and loss account
  
4,227
20,081

  
4,391
20,245


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 comprehensive income 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 5 February 2024.




T Tews
Director

Page 1

 
ADVIQO UK LIMITED
REGISTERED NUMBER: 03487227

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Adviqo UK Limited is a private company limited by shares, incorporated in England and Wales. The registered number of the company is 03487227. The address of the registered office of the company is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR. 
The principal activity of the company during the period was the delivery of interactive services and content via fixed line, mobile telephony and internet.
The financial period reported for the prior period is for the 15 month period ended 31 December 2022, and consequently the comparatives are not directly comparable as they are for a 12 month period. The prior  financial period was extended to align the balance sheet date of the company with the rest of the group.

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 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 (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which the directors consider to be appropriate. The Company continues to maintain strong financial performance and ends the year with positive net assets and net current assets. The Company also has a very strong cash balance.
In determining that the Company is a going concern, the directors have prepared detailed profit and loss forecasts for a period of 12 months from the date of approval of these financial statements. The directors consider that, taking into account all reasonably possible downsides, the Company will have sufficient funds to continue to meet its liabilities as they fall due.

Page 3

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 Statement of Comprehensive Income 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:

Turnover is the aggregate amount of revenue derived from the provision of fixed line mobile telephony and internet services supplied to customers in the ordinary course of business. Revenue is recognised on delivery of the services based on the recorded duration of the service.

 
2.5

Interest income

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises corporation and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

Page 5

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.9

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 balance sheet 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 Balance Sheet.

  
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

 
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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements in conformity with FRS 102 requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (15 month period to 31 December 2022 - 20).

Page 6

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
34,704


Disposals
(31,415)



At 31 December 2023

3,289



Depreciation


At 1 January 2023
28,240


Charge for the year on owned assets
2,065


Disposals
(27,899)



At 31 December 2023

2,406



Net book value



At 31 December 2023
883



At 31 December 2022
6,464

Page 7

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
-
68,925


2023
2022
£
£

Due within one year

Trade debtors
8,959
89,942

Amounts owed by group undertakings
-
72,338

Other debtors
37,824
32,496

Prepayments and accrued income
46,884
28,407

Deferred taxation
941
-

94,608
223,183



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
59,097
113,364

Amounts owed to group undertakings
160,287
-

Corporation tax
97,178
28,553

Other taxation and social security
157,204
108,817

Other creditors
3,654
7,132

Accruals and deferred income
355,107
400,008

832,527
657,874



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,639,033 (2022 - 1,639,033) Ordinary shares of £0.0001- each
164
164



9.


Pension commitments

The pension cost charge represents contributions payable by the company to the fund and amounted to £57,992 (2022: £44,171). Contributions totalling £4,384 (2022: £3,479) were payable to the fund at the balance sheet date.

Page 8

 
ADVIQO UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Controlling party

The immediate parent company of Adviqo UK Limited is Adviqo GmbH, a company incorporated in Germany. The registered office of Adviqo GmbH is Max-Dohrn-Str. 8-10, 10589 Berlin, Germany. 
The ultimate controlling party of Adviqo UK Limited is Graham Weaver by virtue of his 100% control and voting rights. 
The consolidated accounts are publically available at Adviqo GmbH Max-Dohrn-Str. 8-10, 10589 Berlin, Germany.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 5 February 2024 by Aaron Widdows ACA FCCA (Senior Statutory Auditor) on behalf of Price Bailey LLP.


Page 9