Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseprovision of safety consulting and patient risk management services.2322falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12932714 2023-01-01 2023-12-31 12932714 2022-01-01 2022-12-31 12932714 2023-12-31 12932714 2022-12-31 12932714 2022-01-01 12932714 c:Director3 2023-01-01 2023-12-31 12932714 d:ComputerEquipment 2023-01-01 2023-12-31 12932714 d:ComputerEquipment 2023-12-31 12932714 d:ComputerEquipment 2022-12-31 12932714 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12932714 d:CurrentFinancialInstruments 2023-12-31 12932714 d:CurrentFinancialInstruments 2022-12-31 12932714 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12932714 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12932714 d:ShareCapital 2023-12-31 12932714 d:ShareCapital 2022-12-31 12932714 d:RetainedEarningsAccumulatedLosses 2023-12-31 12932714 d:RetainedEarningsAccumulatedLosses 2022-12-31 12932714 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12932714 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12932714 d:OtherDeferredTax 2023-12-31 12932714 d:OtherDeferredTax 2022-12-31 12932714 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12932714 c:OrdinaryShareClass1 2023-12-31 12932714 c:FRS102 2023-01-01 2023-12-31 12932714 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12932714 c:FullAccounts 2023-01-01 2023-12-31 12932714 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12932714









AXIAN CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AXIAN CONSULTING LIMITED
REGISTERED NUMBER: 12932714

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
42,133
37,819

  
42,133
37,819

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,520,491
528,127

Cash at bank and in hand
  
2,471,568
2,801,278

  
3,992,059
3,329,405

Creditors: amounts falling due within one year
 6 
(1,731,950)
(1,251,278)

NET CURRENT ASSETS
  
 
 
2,260,109
 
 
2,078,127

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,302,242
2,115,946

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
(4,411)
(6,916)

  
 
 
(4,411)
 
 
(6,916)

NET ASSETS
  
2,297,831
2,109,030


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
2,296,831
2,108,030

  
2,297,831
2,109,030


Page 1

 
AXIAN CONSULTING LIMITED
REGISTERED NUMBER: 12932714
    
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 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: 




A D Hobbs
Director

Date: 12 September 2024

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

Page 2

 
AXIAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Axian Consulting Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is The Bradfield Centre, 184 Cambridge Science Park, Milton Road,  Cambridge, CB4 0GA.

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

TURNOVER

Turnover comprises consultancy and subscription services provided by the Company during the period and is recognised to the extent that it is probable that 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, exclusive of Value Added Tax. 
Turnover is recognised when the service is performed in accordance with the terms of the contractual agreement. 

 
2.3

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:

Computer equipment
-
4 years 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.

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
AXIAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
AXIAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

 
2.10

RESEARCH AND DEVELOPMENT

Research and development expenditure is recognised in the Profit and Loss Account in the period in which it is incurred. 

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.12

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 23 (2022 - 22).

Page 5

 
AXIAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 January 2023
47,072


Additions
17,785


Disposals
(670)



At 31 December 2023

64,187



DEPRECIATION


At 1 January 2023
9,253


Charge for the year on owned assets
13,136


Disposals
(335)



At 31 December 2023

22,054



NET BOOK VALUE



At 31 December 2023
42,133



At 31 December 2022
37,819


5.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£


Trade debtors
1,273,574
76,526

Other debtors
21,034
59,640

Prepayments
225,883
391,961

1,520,491
528,127


Page 6

 
AXIAN CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
125,796
16,061

Corporation tax
111,594
55,566

Other taxation and social security
61,664
45,523

Other creditors
50,964
40,969

Accruals and deferred income
1,381,932
1,093,159

1,731,950
1,251,278


Other creditors include contributions of £39,635 (2022 - £18,386) payable to the Company's defined contribution pension scheme at the balance sheet date. 


7.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
6,916
-


Charged to profit or loss
(2,505)
6,916



AT END OF YEAR
4,411
6,916

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
10,533
9,455

Other short-term timing differences
(6,122)
(2,539)

4,411
6,916


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



8,000 Ordinary shares of £0.125 each
1,000
1,000


 
Page 7