Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30152022-07-01falseNo description of principal activity14truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10844977 2022-07-01 2023-06-30 10844977 2021-07-01 2022-06-30 10844977 2023-06-30 10844977 2022-06-30 10844977 2021-07-01 10844977 c:CompanySecretary1 2022-07-01 2023-06-30 10844977 c:Director1 2022-07-01 2023-06-30 10844977 c:Director2 2022-07-01 2023-06-30 10844977 c:Director3 2022-07-01 2023-06-30 10844977 c:Director4 2022-07-01 2023-06-30 10844977 c:RegisteredOffice 2022-07-01 2023-06-30 10844977 d:OfficeEquipment 2022-07-01 2023-06-30 10844977 d:OfficeEquipment 2023-06-30 10844977 d:OfficeEquipment 2022-06-30 10844977 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10844977 d:ComputerEquipment 2022-07-01 2023-06-30 10844977 d:ComputerEquipment 2023-06-30 10844977 d:ComputerEquipment 2022-06-30 10844977 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10844977 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10844977 d:CurrentFinancialInstruments 2023-06-30 10844977 d:CurrentFinancialInstruments 2022-06-30 10844977 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10844977 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10844977 d:ShareCapital 2023-06-30 10844977 d:ShareCapital 2022-06-30 10844977 d:ShareCapital 2021-07-01 10844977 d:SharePremium 2023-06-30 10844977 d:SharePremium 2022-06-30 10844977 d:SharePremium 2021-07-01 10844977 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10844977 d:RetainedEarningsAccumulatedLosses 2023-06-30 10844977 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 10844977 d:RetainedEarningsAccumulatedLosses 2022-06-30 10844977 d:RetainedEarningsAccumulatedLosses 2021-07-01 10844977 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10844977 c:OrdinaryShareClass1 2023-06-30 10844977 c:OrdinaryShareClass1 2022-06-30 10844977 c:FRS102 2022-07-01 2023-06-30 10844977 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10844977 c:FullAccounts 2022-07-01 2023-06-30 10844977 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10844977 d:WithinOneYear 2023-06-30 10844977 d:WithinOneYear 2022-06-30 10844977 2 2022-07-01 2023-06-30 10844977 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10844977












MOX LONDON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 

MOX LONDON LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 10


 

MOX LONDON LIMITED
 
COMPANY INFORMATION


Directors
M Bolton 
O J Eavis 
J B Saunders 
A C Pietrovito 




Company secretary
M Page



Registered number
10844977



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:10844977
MOX LONDON LIMITED

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,780
21,951

  
13,780
21,951

Current assets
  

Debtors: amounts falling due within one year
 5 
946,220
842,183

Cash at bank and in hand
  
1,763,206
1,095,601

  
2,709,426
1,937,784

Creditors: amounts falling due within one year
 6 
(757,188)
(903,528)

Net current assets
  
 
 
1,952,238
 
 
1,034,256

  

Net assets
  
1,966,018
1,056,207


Capital and reserves
  

Called up share capital 
  
11,764
11,764

Share premium account
  
22,954
22,954

Profit and loss account
  
1,931,300
1,021,489

Total equity
  
1,966,018
1,056,207


Page 2


 
REGISTERED NUMBER:10844977
MOX LONDON LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 by: 




J B Saunders
Director

Date: 19 February 2024

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 

MOX LONDON LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


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

£
£
£
£


At 1 July 2021
11,764
22,954
341,458
376,176



Profit for the year
-
-
1,082,747
1,082,747

Dividends
-
-
(402,716)
(402,716)



At 30 June 2022 and 1 July 2022
11,764
22,954
1,021,489
1,056,207



Profit for the year
-
-
909,811
909,811


At 30 June 2023
11,764
22,954
1,931,300
1,966,018


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

MOX London Limited is a private company limited by shares and incorporated in England and Wales. The Company’s registered number is 10844977. Its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£).

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

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, she continues to adopt the going concern basis in preparing the financial statements.

 
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

Interest income

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

Page 5

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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:

Office equipment
-
25%
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.

 
2.8

Cash

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.

  
2.9

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 6

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

  
2.10

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
 
Page 7

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

 
2.11

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'.

 
2.12

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 15 (2022 - 14).

Page 8

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost


At 1 July 2022
28,132
33,956
62,088


Additions
357
1,686
2,043



At 30 June 2023

28,489
35,642
64,131



Depreciation


At 1 July 2022
15,002
25,135
40,137


Charge for the year on owned assets
5,729
4,485
10,214



At 30 June 2023

20,731
29,620
50,351



Net book value



At 30 June 2023
7,758
6,022
13,780



At 30 June 2022
13,130
8,821
21,951


5.


Debtors

2023
2022
£
£


Trade debtors
383,197
797,534

Amounts owed by group undertakings
379,459
-

Other debtors
-
3,000

Prepayments and accrued income
183,564
41,649

946,220
842,183


Page 9

 

MOX LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
233,904
263,241

Amounts owed to group undertakings
-
98,651

Corporation tax
243,980
259,472

Other taxation and social security
192,488
103,675

Accruals and deferred income
86,816
178,489

757,188
903,528



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



11,764 (2022 - 11,764) Ordinary shares of £1.00 each
11,764
11,764



8.


Commitments under operating leases

At 30 June 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
6,600

-
6,600


9.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

 
Page 10