Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueNo description of principal activity0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-12false5true 14414628 2022-10-11 14414628 2022-10-12 2023-12-31 14414628 2021-10-12 2022-10-11 14414628 2023-12-31 14414628 c:Director1 2022-10-12 2023-12-31 14414628 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 14414628 d:Goodwill 2022-10-12 2023-12-31 14414628 d:Goodwill 2023-12-31 14414628 d:CurrentFinancialInstruments 2023-12-31 14414628 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14414628 d:ShareCapital 2023-12-31 14414628 d:SharePremium 2023-12-31 14414628 d:RetainedEarningsAccumulatedLosses 2023-12-31 14414628 c:FRS102 2022-10-12 2023-12-31 14414628 c:AuditExempt-NoAccountantsReport 2022-10-12 2023-12-31 14414628 c:FullAccounts 2022-10-12 2023-12-31 14414628 c:PrivateLimitedCompanyLtd 2022-10-12 2023-12-31 14414628 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-10-12 2023-12-31 14414628 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-10-12 2023-12-31 14414628 d:ExternallyAcquiredIntangibleAssets 2022-10-12 2023-12-31 14414628 d:Goodwill d:OwnedIntangibleAssets 2022-10-12 2023-12-31 14414628 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-10-12 2023-12-31 14414628 e:PoundSterling 2022-10-12 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14414628









OXFORD DATA PLAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
OXFORD DATA PLAN LIMITED
REGISTERED NUMBER: 14414628

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
  
251,657

  
251,657

Current assets
  

Debtors: amounts falling due within one year
 5 
79,689

Cash at bank and in hand
 6 
111,782

  
191,471

Creditors: amounts falling due within one year
 7 
(359,952)

Net current (liabilities)/assets
  
 
 
(168,481)

Total assets less current liabilities
  
83,176

  

Net assets
  
83,176


Capital and reserves
  

Called up share capital 
  
1

Share premium account
  
400,000

Profit and loss account
  
(316,825)

  
83,176


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 Period 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 on 11 October 2024.



Page 1

 
OXFORD DATA PLAN LIMITED
REGISTERED NUMBER: 14414628
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Josef Schmalfuss
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OXFORD DATA PLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The director presents his report and the financial statements for the period ended 31 December 2023.
The company was incorporated on 12 October 2022. The principal activity of the company is to use alternative data and machine learning to generate explainable AI to provide insights into trends of the overall economy and the economic participants in it (sectors, companies, consumer groups).

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

Going concern

The company meets its day to day working capital requirements through the utilisation of its own
funds and the support of the director. After reviewing the Company's forecasts and projections, the
directors have a reasonable expectation that the Company has adequate resources to continue in
operational existence for the foreseeable future. The Company therefore continues to adopt the
going concern basis in preparing its financial statements.

 
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.

 
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.

Page 3

 
OXFORD DATA PLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

Other 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.

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.

 
2.8

Debtors

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

 
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.

Page 4

 
OXFORD DATA PLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 5.


4.


Intangible assets



Development expenditure
Goodwill
Total

£
£
£



Cost


Additions
176,222
88,400
264,622



At 31 December 2023

176,222
88,400
264,622



Amortisation


Charge for the Period on owned assets
4,125
8,840
12,965



At 31 December 2023

4,125
8,840
12,965



Net book value



At 31 December 2023
172,097
79,560
251,657



Page 5

 
OXFORD DATA PLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
£


Trade debtors
79,689

79,689



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
111,782

111,782



7.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
13,108

Other creditors
126,480

Accruals and deferred income
220,364

359,952



8.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,823. Contributions totalling £nil were payable to the fund at the reporting date.


9.


Related party transactions

At the reporting date £120,000 was owed to J Schmalfuss, the director of the company.

 
Page 6