Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseBusiness and domestic software development43truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13341637 2023-05-01 2024-04-30 13341637 2022-05-01 2023-04-30 13341637 2024-04-30 13341637 2023-04-30 13341637 c:Director2 2023-05-01 2024-04-30 13341637 d:ComputerEquipment 2023-05-01 2024-04-30 13341637 d:ComputerEquipment 2024-04-30 13341637 d:ComputerEquipment 2023-04-30 13341637 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13341637 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 13341637 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 13341637 d:ComputerSoftware 2024-04-30 13341637 d:ComputerSoftware 2023-04-30 13341637 d:CurrentFinancialInstruments 2024-04-30 13341637 d:CurrentFinancialInstruments 2023-04-30 13341637 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13341637 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13341637 d:ShareCapital 2024-04-30 13341637 d:ShareCapital 2023-04-30 13341637 d:SharePremium 2024-04-30 13341637 d:SharePremium 2023-04-30 13341637 d:RetainedEarningsAccumulatedLosses 2024-04-30 13341637 d:RetainedEarningsAccumulatedLosses 2023-04-30 13341637 c:OrdinaryShareClass1 2023-05-01 2024-04-30 13341637 c:OrdinaryShareClass1 2024-04-30 13341637 c:OrdinaryShareClass1 2023-04-30 13341637 c:OrdinaryShareClass2 2023-05-01 2024-04-30 13341637 c:OrdinaryShareClass2 2024-04-30 13341637 c:OrdinaryShareClass2 2023-04-30 13341637 c:OrdinaryShareClass3 2023-05-01 2024-04-30 13341637 c:OrdinaryShareClass3 2024-04-30 13341637 c:OrdinaryShareClass3 2023-04-30 13341637 c:FRS102 2023-05-01 2024-04-30 13341637 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13341637 c:FullAccounts 2023-05-01 2024-04-30 13341637 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13341637 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 13341637 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 13341637 2 2023-05-01 2024-04-30 13341637 6 2023-05-01 2024-04-30 13341637 d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 13341637 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-05-01 2024-04-30 13341637 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 13341637 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13341637









EZTENDA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
EZTENDA LIMITED
REGISTERED NUMBER: 13341637

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
613,701
550,179

Tangible assets
 5 
1,600
1,448

Investments
 6 
52
-

  
615,353
551,627

Current assets
  

Debtors: amounts falling due within one year
 7 
117,806
75,243

Cash at bank and in hand
 8 
254,462
641,081

  
372,268
716,324

Creditors: amounts falling due within one year
 9 
(417,426)
(83,014)

Net current (liabilities)/assets
  
 
 
(45,158)
 
 
633,310

Total assets less current liabilities
  
570,195
1,184,937

  

Net assets
  
570,195
1,184,937


Capital and reserves
  

Called up share capital 
 10 
84
84

Share premium account
  
1,711,027
1,711,027

Profit and loss account
  
(1,140,916)
(526,174)

  
570,195
1,184,937


Page 1

 
EZTENDA LIMITED
REGISTERED NUMBER: 13341637
    
BALANCE SHEET (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: 




D Warden
Director

Date: 29 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

EzTenda Limited is a private company limited by shares, registered in England and Wales (registered number: 13341637).
The registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The principal activity of the company is that of a B2B digital marketplace for drinks listings.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Page 3

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 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

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.

 
2.6

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

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer 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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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 5

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Employees



The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


4.


Intangible assets




Trademarks
Computer software
Total

£
£
£



Cost


At 1 May 2023
865
695,421
696,286


Additions
-
356,464
356,464



At 30 April 2024

865
1,051,885
1,052,750



Amortisation


At 1 May 2023
480
145,629
146,109


Charge for the year on owned assets
285
292,655
292,940



At 30 April 2024

765
438,284
439,049



Net book value



At 30 April 2024
100
613,601
613,701



At 30 April 2023
385
549,792
550,177



Page 6

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
2,032


Additions
833



At 30 April 2024

2,865



Depreciation


At 1 May 2023
584


Charge for the year on owned assets
681



At 30 April 2024

1,265



Net book value



At 30 April 2024
1,600



At 30 April 2023
1,447


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
52



At 30 April 2024
52




Page 7

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
1,915
-

Amounts owed by group undertakings
111,529
-

Other debtors
1,102
74,869

Prepayments and accrued income
3,260
374

117,806
75,243



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
254,462
641,081

254,462
641,081



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,237
9,255

Other taxation and social security
6,190
-

Accruals and deferred income
103,267
72,663

Other creditors
286,732
1,096

417,426
83,014



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) A Shares shares of £0.001 each
50.000
50.000
31,093 (2023 - 31,093) B Shares shares of £0.001 each
31.093
31.093
3,265 (2023 - 3,265) C shares shares of £0.001 each
3.265
3.265

84.358

84.358


Page 8

 
EZTENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Share-based payments

In 2022, options were granted for 9,795 C shares under an EMI scheme, with a weighted average exercise price of £0.001 each. The shares were value by the directors. No options were exercised, fortfeited or expired during the year. 9,795 shares with a weighted average exercise price of £0.001 each were outstanding and exercisable at the year-end.

 
Page 9