Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01false11 09656189 2022-07-01 2023-06-30 09656189 2023-06-30 09656189 2021-07-01 2022-06-30 09656189 2022-06-30 09656189 c:Director1 2022-07-01 2023-06-30 09656189 d:CurrentFinancialInstruments 2023-06-30 09656189 d:CurrentFinancialInstruments 2022-06-30 09656189 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09656189 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09656189 d:ShareCapital 2023-06-30 09656189 d:ShareCapital 2022-06-30 09656189 d:RetainedEarningsAccumulatedLosses 2023-06-30 09656189 d:RetainedEarningsAccumulatedLosses 2022-06-30 09656189 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 09656189 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 09656189 c:FRS102 2022-07-01 2023-06-30 09656189 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09656189 c:FullAccounts 2022-07-01 2023-06-30 09656189 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 09656189


EXAVY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
EXAVY LIMITED
REGISTERED NUMBER: 09656189

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
609
117,731

Cash at bank and in hand
 5 
143,342
48,848

  
143,951
166,579

Creditors: amounts falling due within one year
 6 
(7,002)
(52,573)

Net current assets
  
 
 
136,949
 
 
114,006

Total assets less current liabilities
  
136,949
114,006

  

Net assets
  
136,949
114,006


Capital and reserves
  

Called up share capital 
  
16,400
16,400

Profit and loss account
  
120,549
97,606

  
136,949
114,006


Page 1

 
EXAVY LIMITED
REGISTERED NUMBER: 09656189
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The Director considers 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 Director acknowledges his 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: 



................................................
Dr Daniel Kilper
Director

Date: 8 March 2024

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

Page 2

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

1.


General information

Exavy Limited is a private company limited by share capital, incorporated in Egland and Wales, registration number 09656189. The address of the registered office is 8 King Edward Street, Oxford, OX1 4HL.

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

Foreign currency translation

Functional and presentation currency

The Company's functional currency is EUR. This differs from the presentational currency which is GBP. The reason for the difference is that the head office is in Germany and the company's main bank account is operated there.

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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

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

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

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet 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.

 
2.10

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 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
-
117,431

Other debtors
609
300

609
117,731


Page 5

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

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
143,342
48,848

143,342
48,848



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,382
50,954

Other creditors
6
6

Accruals and deferred income
1,614
1,613

7,002
52,573



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
143,342
48,848




Financial assets measured at fair value through profit or loss comprise the balance at the bank at the year end.

 
Page 6