Caseware UK (AP4) 2023.0.135 2023.0.135 falseNo description of principal activity202023-03-0130falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07939811 2023-03-01 2024-02-29 07939811 2022-03-01 2023-02-28 07939811 2024-02-29 07939811 2023-02-28 07939811 2022-03-01 07939811 c:Director3 2023-03-01 2024-02-29 07939811 d:OfficeEquipment 2023-03-01 2024-02-29 07939811 d:OfficeEquipment 2024-02-29 07939811 d:OfficeEquipment 2023-02-28 07939811 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07939811 d:CurrentFinancialInstruments 2024-02-29 07939811 d:CurrentFinancialInstruments 2023-02-28 07939811 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07939811 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07939811 d:ShareCapital 2024-02-29 07939811 d:ShareCapital 2023-02-28 07939811 d:ShareCapital 2022-03-01 07939811 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 07939811 d:RetainedEarningsAccumulatedLosses 2024-02-29 07939811 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 07939811 d:RetainedEarningsAccumulatedLosses 2023-02-28 07939811 d:RetainedEarningsAccumulatedLosses 2022-03-01 07939811 c:FRS102 2023-03-01 2024-02-29 07939811 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07939811 c:FullAccounts 2023-03-01 2024-02-29 07939811 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07939811 2 2023-03-01 2024-02-29 07939811 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07939811










Billigence Europe Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 29 February 2024

 
Billigence Europe Limited
Registered number: 07939811

Balance sheet
As at 29 February 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,426
22,211

  
14,426
22,211

Current assets
  

Debtors: amounts falling due within one year
 5 
2,310,215
1,423,170

Cash at bank and in hand
 6 
784,593
762,904

  
3,094,808
2,186,074

Creditors: amounts falling due within one year
 7 
(1,578,643)
(791,062)

Net current assets
  
 
 
1,516,165
 
 
1,395,012

Total assets less current liabilities
  
1,530,591
1,417,223

  

Net assets
  
1,530,591
1,417,223


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,529,591
1,416,223

  
1,530,591
1,417,223


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 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 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: 




Jana Kaprova
Director
Date: 27 November 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
Billigence Europe Limited
 

Statement of changes in equity
For the year ended 29 February 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2022
1,000
1,546,380
1,547,380


Comprehensive income for the year

Profit for the year
-
69,843
69,843

Dividends: Equity capital
-
(200,000)
(200,000)



At 1 March 2023
1,000
1,416,223
1,417,223


Comprehensive income for the year

Profit for the year
-
213,368
213,368

Dividends: Equity capital
-
(100,000)
(100,000)


At 29 February 2024
1,000
1,529,591
1,530,591


The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
Billigence Europe Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

The Company is a private limited company, incorporated and domiciled in England and Wales. The Company's registered office is 2nd Floor, 168 Shoreditch High St, London, E1 6RA and their principal activity is that of provision of software and consultancy services.

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

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.

 
2.3

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.

Page 3

 
Billigence Europe Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Office equipment
-
Straight line over 3 years

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
Billigence Europe Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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 5

 
Billigence Europe Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

3.


Employees

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


        2024
        2023
            No.
            No.







Employees
30
20


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
69,378


Additions
11,670



At 29 February 2024

81,048



Depreciation


At 1 March 2023
47,167


Charge for the year on owned assets
19,455



At 29 February 2024

66,622



Net book value



At 29 February 2024
14,426



At 28 February 2023
22,211


5.


Debtors

2024
2023
£
£


Trade debtors
1,771,997
808,238

Amounts owed by related undertakings
257,236
291,259

Other debtors
164,421
14,388

Called up share capital not paid
1,000
1,000

Prepayments and accrued income
115,561
308,285

2,310,215
1,423,170


Page 6

 
Billigence Europe Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
784,593
762,904



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
585,677
404,919

Amounts owed to related undertakings
51,693
34,112

Corporation tax
33,031
25,138

Other taxation and social security
69,076
108,207

Other creditors
5,791
4,107

Accruals and deferred income
833,375
214,579

1,578,643
791,062



8.


Related party transactions

At 28 February 2023, the directors owed the company £1,000 (2023: £1,000) in relation to unpaid share capital.
During the year the company charged fees of £1,159,666 (2023: £687,899) to and were charged fess of £431,275 (2023: £487,402) from entities under common control. At the Balance Sheet date, £257,236 (2023: £291,259) was owed to the company and £51,693 (2023: £34,112) owed from the company and are included in Debtors and Creditors respectivley.


Page 7