Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseNo description of principal activity22truefalse 11789471 2023-04-01 2024-03-31 11789471 2022-04-01 2023-03-31 11789471 2024-03-31 11789471 2023-03-31 11789471 c:Director1 2023-04-01 2024-03-31 11789471 c:Director2 2023-04-01 2024-03-31 11789471 c:RegisteredOffice 2023-04-01 2024-03-31 11789471 d:OfficeEquipment 2023-04-01 2024-03-31 11789471 d:OfficeEquipment 2024-03-31 11789471 d:OfficeEquipment 2023-03-31 11789471 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11789471 d:ComputerEquipment 2023-04-01 2024-03-31 11789471 d:ComputerEquipment 2024-03-31 11789471 d:ComputerEquipment 2023-03-31 11789471 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11789471 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11789471 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 11789471 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 11789471 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 11789471 d:ComputerSoftware 2023-04-01 2024-03-31 11789471 d:ComputerSoftware 2024-03-31 11789471 d:ComputerSoftware 2023-03-31 11789471 d:CurrentFinancialInstruments 2024-03-31 11789471 d:CurrentFinancialInstruments 2023-03-31 11789471 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11789471 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11789471 d:ShareCapital 2024-03-31 11789471 d:ShareCapital 2023-03-31 11789471 d:RetainedEarningsAccumulatedLosses 2024-03-31 11789471 d:RetainedEarningsAccumulatedLosses 2023-03-31 11789471 c:FRS102 2023-04-01 2024-03-31 11789471 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11789471 c:FullAccounts 2023-04-01 2024-03-31 11789471 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11789471 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 11789471 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 11789471 2 2023-04-01 2024-03-31 11789471 d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 11789471 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 11789471







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


EASYA LIMITED






































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EASYA LIMITED
 


 
COMPANY INFORMATION


Directors
P Kwok 
D Kwok 




Registered number
11789471



Registered office
PKF Littlejohn LLP
15 Westferry Circus

Canary Wharf

London

E14 4HD




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


EASYA LIMITED
 



CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 8


 


EASYA LIMITED
REGISTERED NUMBER:11789471



BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
206,668

Tangible assets
 5 
19,613
983

  
19,613
207,651

Current assets
  

Debtors: amounts falling due within one year
 6 
1,638,034
37,680

Cash at bank and in hand
  
129,724
123,558

  
1,767,758
161,238

Creditors: amounts falling due within one year
 7 
(1,047,548)
(314,767)

Net current assets/(liabilities)
  
 
 
720,210
 
 
(153,529)

Total assets less current liabilities
  
739,823
54,122

  

Net assets
  
739,823
54,122

Page 1

 


EASYA LIMITED
REGISTERED NUMBER:11789471


    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
739,723
54,022

  
739,823
54,122


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: 




P Kwok
Director

Date: 25 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


EASYA LIMITED
 


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

1.


General information

EasyA Limited is a private company limited by shares, registered in England and Wales. The address of its registered office, which is the same as its principal place of business, is disclosed on the company information page.

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

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

Page 3

 


EASYA LIMITED
 


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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Borrowing costs

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

 
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

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.

Page 4

 


EASYA LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Intangible assets

Computer software is initially recognised at cost. After recognition, under the cost model, computer software is measured at cost less any accumulated amortisation and any accumulated impairment losses.
All computer software is 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.
Crypto currency is initially recognised at cost. After recognition, under the revaluation model, crypto currencies are measured at market value.

 
2.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 5

 


EASYA LIMITED
 


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

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

2024
2023
£
£

Wages and salaries
79,658
52,487

Social security costs
1,912
-

Cost of defined contribution scheme
121,020
863

202,590
53,350


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Crypto currency
Computer software
Total

£
£
£





At 1 April 2023
138,820
67,848
206,668


Additions
1,164,032
-
1,164,032


Disposals
(1,460,001)
(67,848)
(1,527,849)


Revaluation surplus
157,149
-
157,149



At 31 March 2024

-
-
-






Net book value



At 31 March 2024
-
-
-



At 31 March 2023
138,820
67,848
206,668

Page 6

 


EASYA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
           4.Intangible assets (continued)

During the year crypto currency balances were revalued using a crypto currency valuation platform. 




5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
-
1,310
1,310


Additions
8,441
16,728
25,169



At 31 March 2024

8,441
18,038
26,479



Depreciation


At 1 April 2023
-
328
328


Charge for the year on owned assets
2,110
4,428
6,538



At 31 March 2024

2,110
4,756
6,866



Net book value



At 31 March 2024
6,331
13,282
19,613



At 31 March 2023
-
983
983

Page 7

 


EASYA LIMITED
 


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

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,414,000
-

Other debtors
114,324
17,723

Prepayments and accrued income
109,710
19,957

1,638,034
37,680



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
20,079
-

Trade creditors
192,861
40,096

Corporation tax
297,100
-

Other taxation and social security
4,894
-

Other creditors
529,164
271,221

Accruals and deferred income
3,450
3,450

1,047,548
314,767



8.


Related party transactions

Included within creditors due within one year are amounts owed to the directors amounting to £430,991 (2023 - £203,854)

 
Page 8