Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalsetruefalse1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity1 07940060 2023-04-01 2024-03-31 07940060 2022-04-01 2023-03-31 07940060 2024-03-31 07940060 2023-03-31 07940060 c:Director1 2023-04-01 2024-03-31 07940060 d:CurrentFinancialInstruments 2024-03-31 07940060 d:CurrentFinancialInstruments 2023-03-31 07940060 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07940060 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07940060 d:ShareCapital 2024-03-31 07940060 d:ShareCapital 2023-03-31 07940060 d:RetainedEarningsAccumulatedLosses 2024-03-31 07940060 d:RetainedEarningsAccumulatedLosses 2023-03-31 07940060 c:FRS102 2023-04-01 2024-03-31 07940060 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07940060 c:FullAccounts 2023-04-01 2024-03-31 07940060 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07940060 2 2023-04-01 2024-03-31 07940060 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07940060









FOZ INC. LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FOZ INC. LIMITED
REGISTERED NUMBER: 07940060

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
286,693
228,042

Cash at bank and in hand
 5 
820,194
790,937

  
1,106,887
1,018,979

Creditors: amounts falling due within one year
 6 
(146,713)
(113,454)

Net current assets
  
 
 
960,174
 
 
905,525

Total assets less current liabilities
  
960,174
905,525

  

Net assets
  
960,174
905,525


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
960,173
905,524

  
960,174
905,525


Page 1

 
FOZ INC. LIMITED
REGISTERED NUMBER: 07940060
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 by: 




................................................
M Foster
Director
Date: 14 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FOZ INC. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Foz Inc. Limited is private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 07940060.

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:

 
2.3

Interest income

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

 
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.

Page 3

 
FOZ INC. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.9

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 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
11,693
13,042

Other debtors
275,000
215,000

286,693
228,042



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
820,194
790,937

820,194
790,937


Page 4

 
FOZ INC. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
21,962
21,168

Other taxation and social security
9,271
4,297

Other creditors
115,480
87,989

146,713
113,454



7.


Transactions with directors

Included in other creditors is an amount of £115,480 (2023: £87,989) due to the director of the company. This loan is unsecured, interest free, and repayable on demand.
During the year under review, dividends of £30,000 (2023: £30,000) were paid to the director.

 
Page 5