Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3114truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-0162012 - Business and domestic software development16falsefalse 5781390 2023-01-01 2023-12-31 5781390 2022-01-01 2022-12-31 5781390 2023-12-31 5781390 2022-12-31 5781390 2022-01-01 5781390 c:Director2 2023-01-01 2023-12-31 5781390 d:Buildings 2023-01-01 2023-12-31 5781390 d:Buildings 2023-12-31 5781390 d:Buildings 2022-12-31 5781390 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 5781390 d:FurnitureFittings 2023-01-01 2023-12-31 5781390 d:FurnitureFittings 2023-12-31 5781390 d:FurnitureFittings 2022-12-31 5781390 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 5781390 d:ComputerEquipment 2023-01-01 2023-12-31 5781390 d:ComputerEquipment 2023-12-31 5781390 d:ComputerEquipment 2022-12-31 5781390 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 5781390 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 5781390 d:ComputerSoftware 2023-12-31 5781390 d:ComputerSoftware 2022-12-31 5781390 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 5781390 d:CurrentFinancialInstruments 2023-12-31 5781390 d:CurrentFinancialInstruments 2022-12-31 5781390 d:Non-currentFinancialInstruments 2023-12-31 5781390 d:Non-currentFinancialInstruments 2022-12-31 5781390 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 5781390 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 5781390 d:ShareCapital 2023-12-31 5781390 d:ShareCapital 2022-12-31 5781390 d:SharePremium 2023-12-31 5781390 d:SharePremium 2022-12-31 5781390 d:CapitalRedemptionReserve 2023-12-31 5781390 d:CapitalRedemptionReserve 2022-12-31 5781390 d:RetainedEarningsAccumulatedLosses 2023-12-31 5781390 d:RetainedEarningsAccumulatedLosses 2022-12-31 5781390 c:OrdinaryShareClass2 2023-01-01 2023-12-31 5781390 c:OrdinaryShareClass2 2023-12-31 5781390 c:OrdinaryShareClass2 2022-12-31 5781390 c:OrdinaryShareClass3 2023-01-01 2023-12-31 5781390 c:OrdinaryShareClass3 2023-12-31 5781390 c:OrdinaryShareClass3 2022-12-31 5781390 c:OrdinaryShareClass4 2023-01-01 2023-12-31 5781390 c:OrdinaryShareClass4 2023-12-31 5781390 c:OrdinaryShareClass4 2022-12-31 5781390 c:FRS102 2023-01-01 2023-12-31 5781390 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 5781390 c:FullAccounts 2023-01-01 2023-12-31 5781390 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 5781390 d:WithinOneYear 2023-12-31 5781390 d:WithinOneYear 2022-12-31 5781390 6 2023-01-01 2023-12-31 5781390 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 5781390 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 5781390 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 5781390 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 5781390 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 5781390










AVIUS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AVIUS LIMITED
REGISTERED NUMBER: 5781390

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
29,706
21,516

Investments
 6 
11,646
11,646

  
41,352
33,162

Current assets
  

Stocks
 7 
11,351
13,738

Debtors: Due after more than one year
 8 
11,329
11,329

Debtors: Due within one year
 8 
578,104
882,670

Cash at bank and in hand
 9 
1,537,666
931,454

  
2,138,450
1,839,191

Current Liabilities
  

Creditors: Due within one year
 10 
(705,496)
(565,572)

Net current assets
  
 
 
1,432,954
 
 
1,273,619

Total assets less current liabilities
  
1,474,306
1,306,781

Provisions for liabilities
  

Deferred tax
 11 
-
(4,165)

Net assets
  
1,474,306
1,302,616


Capital and reserves
  

Called up share capital 
 12 
600
600

Share premium account
  
53,865
53,865

Capital redemption reserve
  
535
535

Profit and loss account
  
1,419,306
1,247,616

  
1,474,306
1,302,616


Page 1

 
AVIUS LIMITED
REGISTERED NUMBER: 5781390

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 by: 




................................................
W R T Gunaratne
Director

Date: 5 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Avius Limited is a limited liability company incorporated in England and Wales limited by shares. The registered office and principal place of business is Dean Park House, 8-10 Dean Park Crescent, Bournemouth, Dorset, BH1 1HL.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:

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.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Licences
-
3
years

Page 3

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using various methods.

Depreciation is provided on the following basis:

Leasehold improvements
-
20% Straight line per annum
Fixtures and fittings
-
20% Straight line per annum
Computer equipment
-
25% Reducing balance per annum or 33% Straight line per annum

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Stocks

Stock is comprised of hardware for the use by the customer when acquiring the services of the Company. The risks and rewards of this hardware are transferred to the customer when the service is acquired. 
Stocks are stated at the lower of cost and net realisable value and are assessed for impairment at each balance sheet date.

 
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

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.
Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, 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.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.11

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.

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 5

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 14).

Page 6

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Licences

£



Cost


At 1 January 2023
47,735



At 31 December 2023

47,735



Amortisation


At 1 January 2023
47,735



At 31 December 2023

47,735



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 7

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
108,281
29,303
75,992
213,576


Additions
-
-
26,076
26,076



At 31 December 2023

108,281
29,303
102,068
239,652



Depreciation


At 1 January 2023
108,281
28,949
54,830
192,060


Charge for the year on owned assets
-
90
17,796
17,886



At 31 December 2023

108,281
29,039
72,626
209,946



Net book value



At 31 December 2023
-
264
29,442
29,706



At 31 December 2022
-
354
21,162
21,516


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
11,646



At 31 December 2023
11,646





7.


Stocks

2023
2022
£
£

Consumables
11,351
13,738


Page 8

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
11,329
11,329


2023
2022
£
£

Due within one year

Trade debtors
401,278
411,977

Amounts owed by group undertakings
80,389
331,022

Other debtors
53,865
112,334

Prepayments and accrued income
31,142
27,337

Deferred taxation
11,430
-

578,104
882,670



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,537,666
931,454

Less: bank overdrafts
(799)
-

1,536,867
931,454



10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
799
-

Trade creditors
31,590
5,424

Corporation tax
141,794
139,070

Other taxation and social security
92,839
91,344

Other creditors
3,588
402

Accruals and deferred income
434,886
329,332

705,496
565,572


Page 9

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(4,165)
(1,931)


Charged to profit or loss
15,595
(2,234)



At end of year
11,430
(4,165)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(6,380)
(4,165)

Short term timing differences
17,810
-

11,430
(4,165)


12.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



200 (2022 - 200) A Ordinary shares of £1.00 each
200
200
200 (2022 - 200) B Ordinary shares of £1.00 each
200
200
200 (2022 - 200) C Ordinary shares of £1.00 each
200
200

600

600



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,636 (2022: £13,050). There were £2,885 contributions (2022: £Nil) payable to the fund at the balance sheet date.


14.


Commitments under operating leases

At 31 December 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
-
33,827

Page 10

 
AVIUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

15.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of the Group by virtue of FRS102 section 33.1A. 
At the year end £Nil (2022: £58,469) was owed by a director. The balance is included in other debtors.


Page 11