Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truetrue452023-02-01falseNo description of principal activity41The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12463096 2023-02-01 2024-01-31 12463096 2022-02-01 2023-01-31 12463096 2024-01-31 12463096 2023-01-31 12463096 2022-02-01 12463096 2 2023-02-01 2024-01-31 12463096 2 2022-02-01 2023-01-31 12463096 1 2023-02-01 2024-01-31 12463096 e:Director1 2023-02-01 2024-01-31 12463096 e:Director3 2023-02-01 2024-01-31 12463096 e:Director4 2023-02-01 2024-01-31 12463096 e:RegisteredOffice 2023-02-01 2024-01-31 12463096 d:CurrentFinancialInstruments 2024-01-31 12463096 d:CurrentFinancialInstruments 2023-01-31 12463096 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12463096 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12463096 d:ShareCapital 2024-01-31 12463096 d:ShareCapital 2023-01-31 12463096 d:ShareCapital 2022-02-01 12463096 d:OtherMiscellaneousReserve 2023-02-01 2024-01-31 12463096 d:OtherMiscellaneousReserve 2024-01-31 12463096 d:OtherMiscellaneousReserve 2 2023-02-01 2024-01-31 12463096 d:OtherMiscellaneousReserve 2023-01-31 12463096 d:OtherMiscellaneousReserve 2022-02-01 12463096 d:OtherMiscellaneousReserve 2 2022-02-01 2023-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2024-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2 2023-02-01 2024-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2023-01-31 12463096 d:RetainedEarningsAccumulatedLosses 2022-02-01 12463096 d:RetainedEarningsAccumulatedLosses 2 2022-02-01 2023-01-31 12463096 e:FRS102 2023-02-01 2024-01-31 12463096 e:Audited 2023-02-01 2024-01-31 12463096 e:FullAccounts 2023-02-01 2024-01-31 12463096 e:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12463096 d:WithinOneYear 2024-01-31 12463096 d:WithinOneYear 2023-01-31 12463096 e:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 12463096 (England and Wales)














FULLSTORY INTERNATIONAL UK LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024


 
FULLSTORY INTERNATIONAL UK LIMITED
 

 
COMPANY INFORMATION


Directors
S M Voigt 
A A Fairbank 
M Gosis 




Registered number
12463096



Registered office
1st Floor West
Davidson House

Forbury Square

Reading

Berkshire
England

RG1 3EU




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited






 
FULLSTORY INTERNATIONAL UK LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 6


 
FULLSTORY INTERNATIONAL UK LIMITED
REGISTERED NUMBER:12463096


BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,288,144
1,000,363

Bank and cash balances
  
622,513
259,642

  
1,910,657
1,260,005

Creditors: amounts falling due within one year
 5 
(858,059)
(655,491)

Net current assets
  
 
 
1,052,598
 
 
604,514

Total assets less current liabilities
  
1,052,598
604,514

  

Net assets
  
1,052,598
604,514


Capital and reserves
  

Called up share capital 
  
1
1

Capital contribution reserve
 6 
403,547
200,968

Profit and loss account
 6 
649,050
403,545

  
1,052,598
604,514


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: 



M Gosis
Director

Date: 10 October 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 1


 
FULLSTORY INTERNATIONAL UK LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Capital contribution reserve
Profit and loss account
Total equity

£
£
£
£


At 1 February 2022
1
29,199
179,530
208,730



Profit for the year
-
-
224,015
224,015

Share-based payment
-
171,769
-
171,769



At 1 February 2023
1
200,968
403,545
604,514



Profit for the year
-
-
245,505
245,505

Share-based payment
-
202,579
-
202,579


At 31 January 2024
1
403,547
649,050
1,052,598
Page 2


 
FULLSTORY INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

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:

  
1.2

Going concern

FullStory International UK Limited is in a net asset position which is supported primarily by an intercompany receivable due from its parent company, FullStory, Inc. The directors have considered the parent company's ability to provide financial support and have received written confirmation that it will continue to do so for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

 
1.5

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.

Page 3


 
FULLSTORY INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.6

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

 
1.7

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.

 
1.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.10

Creditors

Short term creditors are measured at the transaction price.


2.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 11 October 2024 by Nick Whitehead FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Page 4


 
FULLSTORY INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees during the year was 45 (2023 - 41).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,244,960
953,224

Other debtors
34,013
43,123

Prepayments and accrued income
9,171
4,016

1,288,144
1,000,363



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,774
20,249

Corporation tax
84,102
100,705

Other taxation and social security
307,460
244,293

Other creditors
64,308
45,923

Accruals and deferred income
394,415
244,321

858,059
655,491



6.


Reserves

Capital contribution reserve

Certain employees of the Company along with other group employees have been granted options over the shares in the parent company, FullStory, Inc. The options are granted at an independently determined fair value.

Vesting conditions for these options are as follows:

25% of the options vest one year after the vesting commencement date and then monthly for three years thereafter.

An expense equivalent to the fair value of the share options granted is recognised evenly over the vesting period with a corresponding amount being recognised as a capital contribution reserve.

Page 5


 
FULLSTORY INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than one year
152,505
179,550

152,505
179,550


8.


Controlling party

FullStory, Inc. is the parent of the smallest group for which consolidated financial statements are drawn
up of which the Company is a member. The registered office of the parent company is 1745 Peachtree Road NW, Suite N, Atlanta, Georgia, 30309, United States.


9.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date these financial statements were approved.
Page 6