Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01No description of principal activity11388falsetrue NI659107 2023-01-01 2023-12-31 NI659107 2022-01-01 2022-12-31 NI659107 2023-12-31 NI659107 2022-12-31 NI659107 c:Director1 2023-01-01 2023-12-31 NI659107 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 NI659107 d:Buildings d:LongLeaseholdAssets 2023-12-31 NI659107 d:Buildings d:LongLeaseholdAssets 2022-12-31 NI659107 d:LandBuildings 2023-12-31 NI659107 d:LandBuildings 2022-12-31 NI659107 d:OfficeEquipment 2023-01-01 2023-12-31 NI659107 d:OfficeEquipment 2023-12-31 NI659107 d:OfficeEquipment 2022-12-31 NI659107 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI659107 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI659107 d:CurrentFinancialInstruments 2023-12-31 NI659107 d:CurrentFinancialInstruments 2022-12-31 NI659107 d:Non-currentFinancialInstruments 2023-12-31 NI659107 d:Non-currentFinancialInstruments 2022-12-31 NI659107 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI659107 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI659107 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI659107 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 NI659107 d:ShareCapital 2023-12-31 NI659107 d:ShareCapital 2022-12-31 NI659107 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI659107 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI659107 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI659107 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 NI659107 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI659107 c:OrdinaryShareClass1 2023-12-31 NI659107 c:OrdinaryShareClass1 2022-12-31 NI659107 c:FRS102 2023-01-01 2023-12-31 NI659107 c:Audited 2023-01-01 2023-12-31 NI659107 c:FullAccounts 2023-01-01 2023-12-31 NI659107 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI659107 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI659107 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: NI659107














ESO Solutions UK Ltd





Directors' Report and Financial Statements

For the Year Ended 31 December 2023

 
ESO Solutions UK Ltd
Registered number: NI659107

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
918,533
1,068,389

  
918,533
1,068,389

Current assets
  

Debtors: amounts falling due within one year
 5 
3,382,839
1,844,632

Cash at bank and in hand
 6 
218,785
368,213

  
3,601,624
2,212,845

Creditors: amounts falling due within one year
 7 
(1,437,977)
(979,835)

Net current assets
  
 
 
2,163,647
 
 
1,233,010

Total assets less current liabilities
  
3,082,180
2,301,399

Creditors: amounts falling due after more than one year
 8 
-
(155,670)

Provisions for liabilities
  

Deferred tax
 9 
(188,140)
(224,316)

  
 
 
(188,140)
 
 
(224,316)

Net assets
  
2,894,040
1,921,413


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
2,893,940
1,921,313

  
2,894,040
1,921,413


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ESO Solutions UK Ltd
Registered number: NI659107

Balance Sheet (continued)
As at 31 December 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 27 June 2024.




Robert Linton Reeves Munden
Director

The notes on pages 3 to 9 form part of these financial statements.

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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

ESO Solutions UK Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company section of these financial statements. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors of ESO Solutions UK Limited have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future.

 
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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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:

Long-term leasehold property
-
10%
Straight line
Office equipment
-
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.

 
2.8

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.

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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
113
88

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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
984,496
384,164
1,368,660


Additions
2,738
73,291
76,029


Transfers between classes
(74,610)
74,610
-



At 31 December 2023

912,624
532,065
1,444,689



Depreciation


At 1 January 2023
151,348
148,923
300,271


Charge for the year on owned assets
92,725
133,160
225,885



At 31 December 2023

244,073
282,083
526,156



Net book value



At 31 December 2023
668,551
249,982
918,533



At 31 December 2022
833,148
235,241
1,068,389




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Long leasehold
668,551
833,148

668,551
833,148


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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
168,660
72,492

Amounts owed by group undertakings
2,469,817
1,528,436

Other debtors
674,119
162,123

Prepayments and accrued income
70,243
81,581

3,382,839
1,844,632



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
218,785
368,213

218,785
368,213



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,860
177,682

Amounts owed to group undertakings
448,793
-

Corporation tax
325,236
-

Other taxation and social security
572
251,822

Other creditors
330,123
236,520

Accruals and deferred income
329,393
313,811

1,437,977
979,835



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
-
155,670

-
155,670


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ESO Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

9.


Deferred taxation




2023


£






At beginning of year
(224,316)


Charged to profit or loss
36,176



At end of year
(188,140)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(188,140)
(224,316)

(188,140)
(224,316)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £0.10 each
100
100



11.


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 £312,773 (2022 -£316,773). Contributions totalling £76,666 (2022: £69,492) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

ESO Solutions, Inc., a company established in the USA controls 100% of the Company's equity share capital and is the ultimate parent company.

13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 27 June 2024 by Adrian Patton (Senior Statutory Auditor) on behalf of ASM (B)  Ltd.

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