Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-301The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The Company's principal activity is the development, hosting and service management for managed service solutions in the telecommunication and utility sector.false12023-07-01truetruefalse 09656189 2023-07-01 2024-06-30 09656189 2024-06-30 09656189 2022-07-01 2023-06-30 09656189 2023-06-30 09656189 c:Director1 2023-07-01 2024-06-30 09656189 d:CurrentFinancialInstruments 2024-06-30 09656189 d:CurrentFinancialInstruments 2023-06-30 09656189 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09656189 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09656189 d:ShareCapital 2024-06-30 09656189 d:ShareCapital 2023-06-30 09656189 d:RetainedEarningsAccumulatedLosses 2024-06-30 09656189 d:RetainedEarningsAccumulatedLosses 2023-06-30 09656189 c:FRS102 2023-07-01 2024-06-30 09656189 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09656189 c:FullAccounts 2023-07-01 2024-06-30 09656189 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09656189 2 2023-07-01 2024-06-30 09656189 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 09656189


EXAVY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
EXAVY LIMITED
REGISTERED NUMBER: 09656189

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
932
609

Cash at bank and in hand
 5 
170,623
143,342

  
171,555
143,951

Creditors: amounts falling due within one year
 6 
(7,920)
(7,002)

Net current assets
  
 
 
163,635
 
 
136,949

Total assets less current liabilities
  
163,635
136,949

  

Net assets
  
163,635
136,949


Capital and reserves
  

Called up share capital 
  
16,400
16,400

Profit and loss account
  
147,235
120,549

  
163,635
136,949


Page 1

 
EXAVY LIMITED
REGISTERED NUMBER: 09656189
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 profit and loss account 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: 



................................................
Dr Daniel Kilper
Director

Date: 14 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EXAVY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Exavy Limited is a private company limited by share capital, incorporated in Egland and Wales, registration number 09656189. The address of the registered office is 8 King Edward Street, Oxford, OX1 4HL.

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 currency is EUR. This differs from the presentational currency which is GBP. The reason for the difference is that the head office is in Germany and the company's main bank account is operated there.

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

 
EXAVY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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

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.


 
2.6

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.

 
2.7

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.

Page 4

 
EXAVY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
932
609

932
609



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
170,623
143,342

170,623
143,342



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,260
5,382

Other creditors
6
6

Accruals and deferred income
1,654
1,614

7,920
7,002


 
Page 5