Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity54truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09211607 2023-01-01 2023-12-31 09211607 2022-01-01 2022-12-31 09211607 c:Director1 2023-01-01 2023-12-31 09211607 c:Director2 2023-01-01 2023-12-31 09211607 c:RegisteredOffice 2023-01-01 2023-12-31 09211607 d:MotorVehicles 2023-01-01 2023-12-31 09211607 d:MotorVehicles 2023-12-31 09211607 d:MotorVehicles 2022-12-31 09211607 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09211607 d:OfficeEquipment 2023-01-01 2023-12-31 09211607 d:OfficeEquipment 2023-12-31 09211607 d:OfficeEquipment 2022-12-31 09211607 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09211607 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09211607 d:CurrentFinancialInstruments 2023-12-31 09211607 d:CurrentFinancialInstruments 2022-12-31 09211607 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09211607 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09211607 d:ShareCapital 2023-12-31 09211607 d:ShareCapital 2022-12-31 09211607 d:SharePremium 2023-12-31 09211607 d:SharePremium 2022-12-31 09211607 d:OtherMiscellaneousReserve 2023-12-31 09211607 d:OtherMiscellaneousReserve 2022-12-31 09211607 d:RetainedEarningsAccumulatedLosses 2023-12-31 09211607 d:RetainedEarningsAccumulatedLosses 2022-12-31 09211607 c:FRS102 2023-01-01 2023-12-31 09211607 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09211607 c:FullAccounts 2023-01-01 2023-12-31 09211607 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09211607 2023-12-31 09211607 2022-12-31 09211607 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09211607









ELECTRO SCAN (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ELECTRO SCAN (UK) LIMITED
 
 
COMPANY INFORMATION


Directors
C A Hansen 
BB Weston 




Registered number
09211607



Registered office
71-75 Shelton Street
Covent Garden  London  WC2H 9JQ




Accountants
Ecovis Wingrave Yeats UK Limited

3rd Floor

Waverley House

7-12 Noel Street

London

W1F 8GQ





 
ELECTRO SCAN (UK) LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
ELECTRO SCAN (UK) LIMITED
REGISTERED NUMBER: 09211607

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022 (restated)
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
7,495
15,799

  
7,495
15,799

Current assets
  

Debtors: amounts falling due within one year
 5 
587,708
447,160

Cash at bank and in hand
  
83,641
36,095

  
671,349
483,255

Creditors: amounts falling due within one year
 6 
(116,582)
(40,209)

Net current assets
  
 
 
554,767
 
 
443,046

Total assets less current liabilities
  
562,262
458,845

Provisions for liabilities
  

Deferred tax
  
-
(3,296)

Net assets
  
 
 
562,262
 
 
455,549


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
31,232
31,232

Other reserves
  
198,963
198,963

Profit and loss account
  
331,067
224,354

  
562,262
455,549


Page 1

 
ELECTRO SCAN (UK) LIMITED
REGISTERED NUMBER: 09211607
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 23 December 2024.

C A Hansen
Director

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

Page 2

 
ELECTRO SCAN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Electro Scan (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09211607. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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 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.

 
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

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, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ELECTRO SCAN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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 4

 
ELECTRO SCAN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
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:

Motor vehicles
-
10 Years
Office equipment
-
5 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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).

Page 5

 
ELECTRO SCAN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
19,098
8,996
28,094


Additions
-
1,526
1,526



At 31 December 2023

19,098
10,522
29,620



Depreciation


At 1 January 2023
9,336
2,959
12,295


Charge for the year on owned assets
6,366
3,464
9,830



At 31 December 2023

15,702
6,423
22,125



Net book value



At 31 December 2023
3,396
4,099
7,495



At 31 December 2022
9,762
6,037
15,799


5.


Debtors

2023
2022 (restated)
£
£


Trade debtors
-
160,022

Amounts owed by related parties
559,984
251,483

Other debtors
11,605
11,605

Prepayments and accrued income
16,119
24,050

587,708
447,160


Page 6

 
ELECTRO SCAN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
192

Corporation tax
73,939
14,569

Other taxation and social security
31,869
11,283

Other creditors
5,499
2,615

Accruals and deferred income
5,275
11,550

116,582
40,209



7.


Prior year adjustment

A prior year adjustment has been made in respect to a series of intercompany transactions, which had not previously been recognised for the year ended 31 December 2022. There was an increase in intercompany recharges to Elektro Scan GmbH of £151,403. The change has resulted in an increase in net profit for the year ended 31 December 2022 of £151,403.
An adjustment has also been made to recognise a share premium account, previously included within other reserves.  There is no impact on the profit of the Company resulting from this presentational change.
A bank balance included a rent deposit of £6,480 which has been moved to other debtors for the year ended 31 December 2022.


8.


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 £2,631 (2022: £2,048). Contributions totalling £Nil (2022: £2,615 overpaid) were due at 31 December 2023.


9.


Related party transactions

During the year, the Company made payments of £508,332 (2022: £363,435) and received £220,181 (2022: £181,098) from Electro Scan Inc. At the year end the company was owed £383,615 (2022: owed £95,465) by Electro Scan Inc., a related party by virtue of common control.                       During the year, the Company incurred expenses of £20,351 (2022 (restated): £151,403) on behalf of Elektro Scan GmbH. At the year end the company was owed £176,369 (2022 (restated): owed £156,018) by Elektro Scan GmbH a related party by virtue of common control. 

 
Page 7