Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse0No description of principal activitytruetrue2024-01-010The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12320325 2024-01-01 2024-12-31 12320325 2023-01-01 2023-12-31 12320325 2024-12-31 12320325 2023-12-31 12320325 1 2024-01-01 2024-12-31 12320325 d:Director1 2024-01-01 2024-12-31 12320325 d:RegisteredOffice 2024-01-01 2024-12-31 12320325 c:CurrentFinancialInstruments 2024-12-31 12320325 c:CurrentFinancialInstruments 2023-12-31 12320325 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 12320325 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 12320325 c:ShareCapital 2024-12-31 12320325 c:ShareCapital 2023-12-31 12320325 c:RetainedEarningsAccumulatedLosses 2024-12-31 12320325 c:RetainedEarningsAccumulatedLosses 2023-12-31 12320325 d:FRS102 2024-01-01 2024-12-31 12320325 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12320325 d:FullAccounts 2024-01-01 2024-12-31 12320325 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12320325 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 12320325 (England and Wales)














FIVEBY UK LTD
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FIVEBY UK LTD
 
 
COMPANY INFORMATION


Director
A G Kochis 




Registered number
12320325



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

EC3V 9DU




Accountants 
ZEDRA Corporate Reporting Services (UK) Limited





 
FIVEBY UK LTD
 

CONTENTS



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


 
FIVEBY UK LTD
REGISTERED NUMBER:12320325

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 2 
22,889
16,035

Bank and cash balances
  
9,178
13,752

  
32,067
29,787

Creditors: amounts falling due within one year
 3 
(8,593)
(7,233)

Net current assets
  
 
 
23,474
 
 
22,554

Total assets less current liabilities
  
23,474
22,554

  

Net assets
  
23,474
22,554


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
23,473
22,553

  
23,474
22,554


The director considers 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 director acknowledges his 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: 


A G Kochis
Director

Date: 12 March 2025

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

Page 1

 
FIVEBY UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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.

  
1.2

Going concern

FiveBy UK Ltd has received written confirmation from its parent company, FiveBy Solutions Inc. that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 7% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised 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 intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

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.

 
1.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 2

 
FIVEBY UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

  
1.7

Creditors

Short term creditors are measured at the transaction price.


2.


Debtors

2024
2023
£
£



Amounts owed by group undertakings
20,914
14,616

Other debtors
1,136
580

Prepayments and accrued income
839
839

22,889
16,035



3.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,140
-

Corporation tax
213
193

Accruals and deferred income
7,240
7,040

8,593
7,233



4.


Controlling party

FiveBy Solutions Inc. is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 140 Lakeside Ave. Ste. A-#354, Seattle, WA 98122-6538, United States.


5.


Post balance sheet events

There were no adjusting or non-adjusting events occuring between the end of the reporting period and the date these financial statements were approved. 

 
Page 3