Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3102022-06-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13401162 2022-06-01 2023-05-31 13401162 2021-06-01 2022-05-31 13401162 2023-05-31 13401162 2022-05-31 13401162 2021-06-01 13401162 c:Director1 2022-06-01 2023-05-31 13401162 d:CurrentFinancialInstruments 2023-05-31 13401162 d:CurrentFinancialInstruments 2022-05-31 13401162 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13401162 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13401162 d:ShareCapital 2022-06-01 2023-05-31 13401162 d:ShareCapital 2023-05-31 13401162 d:ShareCapital 2021-06-01 2022-05-31 13401162 d:ShareCapital 2022-05-31 13401162 d:ShareCapital 2021-06-01 13401162 d:SharePremium 2022-06-01 2023-05-31 13401162 d:SharePremium 2023-05-31 13401162 d:SharePremium 2021-06-01 2022-05-31 13401162 d:SharePremium 2022-05-31 13401162 d:SharePremium 2021-06-01 13401162 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 13401162 d:RetainedEarningsAccumulatedLosses 2023-05-31 13401162 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 13401162 d:RetainedEarningsAccumulatedLosses 2022-05-31 13401162 d:RetainedEarningsAccumulatedLosses 2021-06-01 13401162 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 13401162 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 13401162 c:OrdinaryShareClass1 2022-06-01 2023-05-31 13401162 c:OrdinaryShareClass1 2022-05-31 13401162 c:OrdinaryShareClass2 2022-06-01 2023-05-31 13401162 c:OrdinaryShareClass2 2023-05-31 13401162 c:FRS102 2022-06-01 2023-05-31 13401162 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13401162 c:FullAccounts 2022-06-01 2023-05-31 13401162 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13401162 2 2022-06-01 2023-05-31 13401162 e:PoundSterling 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13401162









OXVALUE.AI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
OXVALUE.AI LIMITED
REGISTERED NUMBER: 13401162

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,852
-

Cash at bank and in hand
 5 
182,772
1

  
184,624
1

Creditors: amounts falling due within one year
 6 
(6,181)
-

Total assets less current liabilities
  
 
 
178,443
 
 
1

  

Net assets
  
178,443
1


Capital and reserves
  

Called up share capital 
 8 
2
1

Share premium account
  
200,000
-

Profit and loss account
  
(21,559)
-

  
178,443
1


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 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 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 16 February 2024.




X Fu
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
OXVALUE.AI LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023


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

£
£
£
£


At 1 June 2021
1
-
-
1


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
-
-


Total transactions with owners
-
-
-
-



At 1 June 2022
1
-
-
1


Comprehensive income for the year

Loss for the year

-
-
(21,559)
(21,559)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(21,559)
(21,559)


Contributions by and distributions to owners

Shares issued during the year
1
200,000
-
200,001


Total transactions with owners
1
200,000
-
200,001


At 31 May 2023
2
200,000
(21,559)
178,443


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OXVALUE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

OxValue.AI Limited is a private company, limited by shares, incorporated in England and Wales, registered number 13401162.
The registered office is 3a Market Place, Woodstock, Oxfordshire, OX20 1SY.
The company's principal activity is that of management consultancy.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
OXVALUE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
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

Basic financial assets

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

Page 4

 
OXVALUE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

2023
2022
£
£

Wages and salaries
17,917
-

17,917
-


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


        2023
        2022
            No.
            No.







Staff
1
-



Directors
3
-

4
0


4.


Debtors

2023
2022
£
£


Other debtors
1,852
-

1,852
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
182,772
1

182,772
1


Page 5

 
OXVALUE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
450
-

Other taxation and social security
388
-

Other creditors
2,543
-

Accruals and deferred income
2,800
-

6,181
-



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
182,771
1




Financial assets measured at fair value through profit or loss comprise. Cash at bank and in hand.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



0 (2022 - 1) Ordinary Shares shares of £1.00000 each
-
1
150,161 (2022 - 0) Ordinary Shares shares of £0.00001 each
2
-

2

1


During the year the company sub-divided the £1 issued ordinary share to 100,000 ordinary shares of £0.00001 each.
On 16 January it issued 30,744 ordinary shares at par, and 8,090 ordinary shares at £24.72 each
On 11 May it issued 11,327 ordinary shares at par.

 
Page 6