Caseware UK (AP4) 2023.0.135 2023.0.135 40412023-05-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11956145 2023-05-01 2024-04-30 11956145 2022-05-01 2023-04-30 11956145 2024-04-30 11956145 2023-04-30 11956145 c:Director3 2023-05-01 2024-04-30 11956145 d:FurnitureFittings 2023-05-01 2024-04-30 11956145 d:FurnitureFittings 2024-04-30 11956145 d:FurnitureFittings 2023-04-30 11956145 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11956145 d:ComputerEquipment 2023-05-01 2024-04-30 11956145 d:ComputerEquipment 2024-04-30 11956145 d:ComputerEquipment 2023-04-30 11956145 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11956145 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11956145 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 11956145 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 11956145 d:Goodwill 2023-05-01 2024-04-30 11956145 d:Goodwill 2024-04-30 11956145 d:Goodwill 2023-04-30 11956145 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 11956145 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 11956145 d:CurrentFinancialInstruments 2024-04-30 11956145 d:CurrentFinancialInstruments 2023-04-30 11956145 d:Non-currentFinancialInstruments 2024-04-30 11956145 d:Non-currentFinancialInstruments 2023-04-30 11956145 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11956145 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11956145 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11956145 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11956145 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 11956145 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11956145 d:ShareCapital 2024-04-30 11956145 d:ShareCapital 2023-04-30 11956145 d:SharePremium 2024-04-30 11956145 d:SharePremium 2023-04-30 11956145 d:RetainedEarningsAccumulatedLosses 2024-04-30 11956145 d:RetainedEarningsAccumulatedLosses 2023-04-30 11956145 c:FRS102 2023-05-01 2024-04-30 11956145 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11956145 c:FullAccounts 2023-05-01 2024-04-30 11956145 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11956145 d:WithinOneYear 2024-04-30 11956145 d:WithinOneYear 2023-04-30 11956145 d:BetweenOneFiveYears 2024-04-30 11956145 d:BetweenOneFiveYears 2023-04-30 11956145 2 2023-05-01 2024-04-30 11956145 6 2023-05-01 2024-04-30 11956145 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 11956145 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-01 2024-04-30 11956145 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-05-01 2024-04-30 11956145 d:EntityControlledByKeyManagementPersonnel1 2023-05-01 2024-04-30 11956145 d:EntityControlledByKeyManagementPersonnel1 2024-04-30 11956145 d:EntityControlledByKeyManagementPersonnel1 2023-04-30 11956145 d:EntityControlledByKeyManagementPersonnel2 2023-05-01 2024-04-30 11956145 d:EntityControlledByKeyManagementPersonnel2 2024-04-30 11956145 d:EntityControlledByKeyManagementPersonnel2 2023-04-30 iso4217:GBP xbrli:pure


















Metrikus Limited























Unaudited

Financial statements



for the year ended 30 April 2024



Registered number: 11956145

 
Metrikus Limited - Registered number:11956145


Statement of financial position
as at 30 April 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
70,691
85,565

Tangible assets
 5 
35,384
36,797

Investments
 6 
102,088
102,089

  
208,163
224,451

Current assets
  

Debtors
 7 
1,628,013
1,505,815

Cash at bank and in hand
  
47,312
185,947

  
1,675,325
1,691,762

Creditors: amounts falling due within one year
 8 
(5,079,017)
(2,391,190)

Net current liabilities
  
 
 
(3,403,692)
 
 
(699,428)

Total assets less current liabilities
  
(3,195,529)
(474,977)

Creditors: amounts falling due after more than one year
 9 
(79,208)
(133,451)

  

Net liabilities
  
(3,274,737)
(608,428)


Capital and reserves
  

Share capital
  
6,689,666
5,027,828

Share premium account
  
2,790,076
3,610,093

Profit and loss account
  
(12,754,479)
(9,246,349)

  
(3,274,737)
(608,428)


Page 1

 
Metrikus Limited - Registered number:11956145


Statement of financial position (continued)
as at 30 April 2024

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 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: 




Michael Grant
Director

Date: 14 November 2024

Page 2

 
Metrikus Limited
 
 

Notes to the financial statements
for the year ended 30 April 2024

1.


General information

Metrikus Limited is a private company limited by shares and was incorporated in England and Wales. Its company registration number is 11956145. The registered office and principal place of activity of the company is 10 Arthur Street, London, EC4R 9AY. 

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 Republic of Ireland' ('FRS 102') 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 judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from its shareholders that they will continue to give financial support to the company for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors considers it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

 
2.4

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.

Page 3

 
Metrikus Limited
 

Notes to the financial statements
for the year ended 30 April 2024

2.Accounting policies (continued)


2.4
Foreign currency translation (continued)

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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Turnover

Turnover is recognised to the extent that it is probable that the 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, excluding rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

 
2.6

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term.

Page 4

 
Metrikus Limited
 

Notes to the financial statements
for the year ended 30 April 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Interest income

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

 
2.9

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.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

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 reporting date in the countries where the company operates and generates income.

Page 5

 
Metrikus Limited
 

Notes to the financial statements
for the year ended 30 April 2024

2.Accounting policies (continued)

 
2.13

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 comprehensive income 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.

 
2.14

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:

Fixtures and fittings
-
10%
Office equipment
-
25%

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.

 
2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.16

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 6

 
Metrikus Limited
 

Notes to the financial statements
for the year ended 30 April 2024

2.Accounting policies (continued)

 
2.17

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.

  
2.18

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was 40 (2023 - 41).


4.


Intangible assets




Development expenditure
Trademarks
Goodwill
Total

£
£
£
£



Cost


At 1 May 2023
90,000
20,010
38,726
148,736



At 30 April 2024

90,000
20,010
38,726
148,736



Amortisation


At 1 May 2023
36,000
8,004
19,167
63,171


Charge for the year
9,000
2,001
3,873
14,874



At 30 April 2024

45,000
10,005
23,040
78,045



Net book value



At 30 April 2024
45,000
10,005
15,686
70,691



At 30 April 2023
54,000
12,006
19,559
85,565



Page 7

 
Metrikus Limited
 
 

Notes to the financial statements
for the year ended 30 April 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 May 2023
7,682
55,137
62,819


Additions
-
14,552
14,552



At 30 April 2024

7,682
69,689
77,371



Depreciation


At 1 May 2023
1,939
24,083
26,022


Charge for the year
768
15,197
15,965



At 30 April 2024

2,707
39,280
41,987



Net book value



At 30 April 2024
4,975
30,409
35,384



At 30 April 2023
5,743
31,054
36,797


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 May 2023
102,089


Disposals
(1)



At 30 April 2024

102,088






Net book value



At 30 April 2024
102,088



At 30 April 2023
102,089

Page 8

 
Metrikus Limited
 
 

Notes to the financial statements
for the year ended 30 April 2024

7.


Debtors

2024
2023
£
£


Trade debtors
91,921
155,039

Amounts owed by group undertakings
1,087,929
1,185,002

Other debtors
364,293
126,547

Prepayments
83,870
39,227

1,628,013
1,505,815



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
50,026
49,948

Trade creditors
782,093
172,909

Other taxation and social security
825,761
68,261

Other creditors
2,063,793
1,172,384

Accruals and deferred income
1,357,344
927,688

5,079,017
2,391,190



9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
79,208
133,451


Page 9

 
Metrikus Limited
 
 

Notes to the financial statements
for the year ended 30 April 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,026
49,948

Amounts falling due 1-2 years

Bank loans
79,208
133,451



129,234
183,399


Bank loans relate to the Coronavirus Business Interruption Loan Scheme.


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 £97,892 (2023: £85,857) . Contributions
totalling £18,357 (2023: £16,339) were payable to the fund at the reporting date and are included in creditors.


12.


Commitments under operating leases

At 30 April 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 1 year
98,287
131,049

Later than 1 year and not later than 5 years
-
35,186

98,287
166,235

Page 10

 
Metrikus Limited
 
 

Notes to the financial statements
for the year ended 30 April 2024

13.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard  102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
W360 Limited  is a related party by virtue of being a joint venture of the company.
 
During the year, the company incurred expenditure of £414 (2023: £719) on behalf of W360 Limited. At 30 April 2024, £1,133 (2023: £719) was owed by W360 Limited to the company.
 
Smart Building Bootcamp Limited  is a related party by virtue of being an associate of the company.

During the year, the company paid expenditure of £7,456 (2023: £20,753) on behalf of Smart Building Bootcamp Limited. At 30 April 2024,  £28,209 (2023: £20,753) was owed by Smart Building Bootcamp Limited to the company.


Page 11