Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-07-011010truetruefalse 06936178 2023-07-01 2024-06-30 06936178 2022-07-01 2023-06-30 06936178 2024-06-30 06936178 2023-06-30 06936178 c:Director2 2023-07-01 2024-06-30 06936178 d:FurnitureFittings 2023-07-01 2024-06-30 06936178 d:FurnitureFittings 2024-06-30 06936178 d:FurnitureFittings 2023-06-30 06936178 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06936178 d:ComputerEquipment 2023-07-01 2024-06-30 06936178 d:ComputerEquipment 2024-06-30 06936178 d:ComputerEquipment 2023-06-30 06936178 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06936178 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06936178 d:CurrentFinancialInstruments 2024-06-30 06936178 d:CurrentFinancialInstruments 2023-06-30 06936178 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06936178 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06936178 d:ShareCapital 2024-06-30 06936178 d:ShareCapital 2023-06-30 06936178 d:SharePremium 2024-06-30 06936178 d:SharePremium 2023-06-30 06936178 d:CapitalRedemptionReserve 2024-06-30 06936178 d:CapitalRedemptionReserve 2023-06-30 06936178 d:RetainedEarningsAccumulatedLosses 2024-06-30 06936178 d:RetainedEarningsAccumulatedLosses 2023-06-30 06936178 c:FRS102 2023-07-01 2024-06-30 06936178 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06936178 c:FullAccounts 2023-07-01 2024-06-30 06936178 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06936178 d:WithinOneYear 2024-06-30 06936178 d:WithinOneYear 2023-06-30 06936178 d:BetweenOneFiveYears 2024-06-30 06936178 d:BetweenOneFiveYears 2023-06-30 06936178 d:MoreThanFiveYears 2024-06-30 06936178 d:MoreThanFiveYears 2023-06-30 06936178 2 2023-07-01 2024-06-30 06936178 6 2023-07-01 2024-06-30 06936178 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06936178









ENGYS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ENGYS LIMITED
REGISTERED NUMBER: 06936178

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
198,515
309,023

Investments
 6 
1,056,654
948,126

  
1,255,169
1,257,149

Current assets
  

Debtors: amounts falling due within one year
 7 
515,073
684,691

Cash at bank and in hand
  
981,159
1,108,060

  
1,496,232
1,792,751

Creditors: amounts falling due within one year
 8 
(1,121,439)
(1,095,296)

Net current assets
  
 
 
374,793
 
 
697,455

Total assets less current liabilities
  
1,629,962
1,954,604

  

Net assets
  
1,629,962
1,954,604


Capital and reserves
  

Called up share capital 
  
1,411
1,355

Share premium account
  
69,602
30,507

Capital redemption reserve
  
69
69

Profit and loss account
  
1,558,880
1,922,673

  
1,629,962
1,954,604

Page 1

 
ENGYS LIMITED
REGISTERED NUMBER: 06936178
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 on 25 March 2025.




Mr F Campos
Director

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

Page 2

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

1.


General information

Engys Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company limited by shares and is registered in England and Wales. The address of the Company's registered office is: 1 The Green, Richmond, Surrey, TW9 1PL.

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 (see note 3).

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The financial statements are prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.4

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
Page 3

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

2.Accounting policies (continued)


2.4
Foreign currency translation (continued)

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'.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

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.

Page 4

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

2.Accounting policies (continued)

 
2.9

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.


 
2.10

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:

Fixtures & fittings
-
Straight line depreciation over 3 to 10 years.
Computer equipment
-
Straight line depreciation over 3 to 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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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.

 
2.13

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 5

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

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management were not required to make any estimates or judgments which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, apart from the estimating the estimated useful lives of the company's tangible fixed assets.


4.


Employees

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


        2024
        2023
            No.
            No.







Directors and employees
10
10

Page 6

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

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
14,658
693,366
708,024


Additions
329
4,302
4,631



At 30 June 2024

14,987
697,668
712,655



Depreciation


At 1 July 2023
13,322
385,679
399,001


Charge for the year on owned assets
441
114,698
115,139



At 30 June 2024

13,763
500,377
514,140



Net book value



At 30 June 2024
1,224
197,291
198,515



At 30 June 2023
1,336
307,687
309,023


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
948,126


Additions
108,528



At 30 June 2024
1,056,654




Page 7

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

7.


Debtors

2024
2023
£
£


Trade debtors
465,843
682,564

Other debtors
41,353
1,693

Prepayments and accrued income
7,877
434

515,073
684,691



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
318,778
287,693

Corporation tax
-
75,625

Other taxation and social security
60,134
35,174

Other creditors
135,266
125,945

Accruals and deferred income
607,261
570,859

1,121,439
1,095,296



9.


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 £27,570 (2023 - £27,555). Contributions totalling £3,398 (2023 - £3,295) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
16,000
14,400

Later than 1 year and not later than 5 years
64,000
-

Later than 5 years
16,000
-

96,000
14,400

Page 8

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

11.


Related party transactions

Included in creditors are amounts totalling £113,400 (2023: £108,000) owed to company directors and owners holding a participating interest.

 
Page 9