Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true3No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01false3false 12952193 2022-11-01 2023-10-31 12952193 2021-11-01 2022-10-31 12952193 2023-10-31 12952193 2022-10-31 12952193 c:Director2 2022-11-01 2023-10-31 12952193 d:CurrentFinancialInstruments 2023-10-31 12952193 d:CurrentFinancialInstruments 2022-10-31 12952193 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12952193 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12952193 d:ShareCapital 2023-10-31 12952193 d:ShareCapital 2022-10-31 12952193 d:SharePremium 2023-10-31 12952193 d:SharePremium 2022-10-31 12952193 d:RetainedEarningsAccumulatedLosses 2023-10-31 12952193 d:RetainedEarningsAccumulatedLosses 2022-10-31 12952193 c:OrdinaryShareClass1 2022-11-01 2023-10-31 12952193 c:OrdinaryShareClass1 2023-10-31 12952193 c:OrdinaryShareClass1 2022-10-31 12952193 c:FRS102 2022-11-01 2023-10-31 12952193 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12952193 c:FullAccounts 2022-11-01 2023-10-31 12952193 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12952193 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12952193














TRAXIS GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 OCTOBER 2023

 
TRAXIS GROUP LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
TRAXIS GROUP LIMITED
REGISTERED NUMBER:12952193

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,003
1,109

Cash at bank and in hand
  
4,373
2,164

  
6,376
3,273

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(10,467)
(23,999)

  

Net liabilities
  
(4,091)
(20,726)


Capital and reserves
  

Called up share capital 
 6 
4,670
120

Share premium account
  
25,452
-

Profit and loss account
  
(34,213)
(20,846)

  
(4,091)
(20,726)


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 on 30 July 2024.




S B Anderson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TRAXIS GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Traxis Group Limited is a limited liability Company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the Company during the year was that of management consultancy and business and domestic software development. 

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

The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Directors have obtained assurance from the shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis

 
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.

 
2.4

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding Value Added Tax. 
 
Revenue is recognised when the service is provided.

Page 2

 
TRAXIS GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 -3).


4.


Debtors

2023
2022
£
£


Other debtors
513
-

Prepayments and accrued income
1,490
1,109

2,003
1,109



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,784
636

Other taxation and social security
-
127

Other creditors
2,278
19,578

Accruals and deferred income
3,405
3,658

10,467
23,999



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4,670 (2022 -120) Ordinary shares of £1 each
4,670
120

Page 3

 
TRAXIS GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.Share capital (continued)


During the year 3,000 Ordinary shares of £1 each were issued at a value of £5 per share, 1,000 Orindary Shares were issued at a value of £7.50 per share, and 550 Ordinary Shares were issued at a value £13.64 per share.

 
Page 4