Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true2022-07-01falsecomputer programming11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08587656 2022-07-01 2023-06-30 08587656 2021-07-01 2022-06-30 08587656 2023-06-30 08587656 2022-06-30 08587656 c:Director1 2022-07-01 2023-06-30 08587656 d:FurnitureFittings 2022-07-01 2023-06-30 08587656 d:FurnitureFittings 2023-06-30 08587656 d:FurnitureFittings 2022-06-30 08587656 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08587656 d:CurrentFinancialInstruments 2023-06-30 08587656 d:CurrentFinancialInstruments 2022-06-30 08587656 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08587656 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08587656 d:ShareCapital 2023-06-30 08587656 d:ShareCapital 2022-06-30 08587656 d:RetainedEarningsAccumulatedLosses 2023-06-30 08587656 d:RetainedEarningsAccumulatedLosses 2022-06-30 08587656 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 08587656 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 08587656 c:FRS102 2022-07-01 2023-06-30 08587656 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08587656 c:FullAccounts 2022-07-01 2023-06-30 08587656 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08587656 2 2022-07-01 2023-06-30 08587656 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 08587656









OXARIX LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
OXARIX LTD
REGISTERED NUMBER: 08587656

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
892
1,785

  
892
1,785

Current assets
  

Debtors: amounts falling due within one year
 5 
24,781
178

Cash at bank and in hand
 6 
155,188
176,085

  
179,969
176,263

Creditors: amounts falling due within one year
 7 
(87,186)
(114,245)

Net current assets
  
 
 
92,783
 
 
62,018

Total assets less current liabilities
  
93,675
63,803

  

Net assets
  
93,675
63,803


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
93,673
63,801

  
93,675
63,803


Page 1

 
OXARIX LTD
REGISTERED NUMBER: 08587656
    
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 her 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 statement of income and retained earnings 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 9 February 2024.




................................................
Oksana Jones
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

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

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of computer programming.

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

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Interest income

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

 
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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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:

Fixtures and fittings
-
33%
straight line

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.

 
2.6

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.

 
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.

Page 4

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

2.Accounting policies (continued)

 
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.

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.

 
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).

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
11,572



At 30 June 2023

11,572



Depreciation


At 1 July 2022
9,787


Charge for the year on owned assets
893



At 30 June 2023

10,680



Net book value



At 30 June 2023
892



At 30 June 2022
1,785


5.


Debtors

2023
2022
£
£


Trade debtors
9,075
75

Other debtors
15,660
-

Prepayments and accrued income
46
103

24,781
178



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
155,188
176,085

155,188
176,085


Page 6

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
16,694
10,635

Other taxation and social security
15,213
-

Other creditors
53,947
102,491

Accruals and deferred income
1,332
1,119

87,186
114,245



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
155,188
176,085




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


9.


Controlling party

The Company is controlled by the director, Oksana Jones, by virtue of her shareholding as described in the director's report.

 
Page 7