Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-05-01falseNo description of principal activity47falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10726796 2023-05-01 2023-12-31 10726796 2022-05-01 2023-04-30 10726796 2023-12-31 10726796 2023-04-30 10726796 c:Director1 2023-05-01 2023-12-31 10726796 c:Director1 2023-12-31 10726796 c:Director2 2023-05-01 2023-12-31 10726796 c:Director2 2023-12-31 10726796 c:Director3 2023-05-01 2023-12-31 10726796 c:Director3 2023-12-31 10726796 c:Director4 2023-05-01 2023-12-31 10726796 c:Director4 2023-12-31 10726796 c:RegisteredOffice 2023-05-01 2023-12-31 10726796 d:ComputerEquipment 2023-05-01 2023-12-31 10726796 d:ComputerEquipment 2023-12-31 10726796 d:ComputerEquipment 2023-04-30 10726796 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2023-12-31 10726796 d:ComputerSoftware 2023-12-31 10726796 d:ComputerSoftware 2023-04-30 10726796 d:CurrentFinancialInstruments 2023-12-31 10726796 d:CurrentFinancialInstruments 2023-04-30 10726796 d:Non-currentFinancialInstruments 2023-12-31 10726796 d:Non-currentFinancialInstruments 2023-04-30 10726796 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10726796 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10726796 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10726796 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10726796 d:ShareCapital 2023-12-31 10726796 d:ShareCapital 2023-04-30 10726796 d:SharePremium 2023-12-31 10726796 d:SharePremium 2023-04-30 10726796 d:OtherMiscellaneousReserve 2023-12-31 10726796 d:OtherMiscellaneousReserve 2023-04-30 10726796 d:RetainedEarningsAccumulatedLosses 2023-12-31 10726796 d:RetainedEarningsAccumulatedLosses 2023-04-30 10726796 c:FRS102 2023-05-01 2023-12-31 10726796 c:AuditExempt-NoAccountantsReport 2023-05-01 2023-12-31 10726796 c:FullAccounts 2023-05-01 2023-12-31 10726796 c:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 10726796 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-05-01 2023-12-31 10726796 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2023-12-31 10726796 e:PoundSterling 2023-05-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 10726796







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


PHRONESIS TECHNOLOGIES LIMITED






































img16c0.png                        

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
COMPANY INFORMATION


Directors
F Parkinson (appointed 27 July 2023)
J Wilkinson (appointed 13 July 2023)
J M Hornsey (resigned 13 July 2023)
J W Trenholme (resigned 13 July 2023)




Registered number
10726796



Registered office
Mansion House
33 Queen Street

London

EC4R 1BR




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


PHRONESIS TECHNOLOGIES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


PHRONESIS TECHNOLOGIES LIMITED
REGISTERED NUMBER:10726796



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 April
2023
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
448,688
509,937

Tangible assets
 5 
2,669
6,755

  
451,357
516,692

Current assets
  

Debtors: amounts falling due within one year
 6 
160,370
86,304

Bank and cash balances
  
193,260
55,308

  
353,630
141,612

Creditors: amounts falling due within one year
 7 
(319,370)
(159,336)

Net current assets/(liabilities)
  
 
 
34,260
 
 
(17,724)

Total assets less current liabilities
  
485,617
498,968

Creditors: amounts falling due after more than one year
 8 
(15,750)
(21,667)

Provisions for liabilities
  

Deferred tax
  
(60,577)
(3,080)

  
 
 
(60,577)
 
 
(3,080)

Net assets
  
409,290
474,221


Capital and reserves
  

Called up share capital 
  
110
110

Share premium account
  
379,978
379,978

Other reserves
  
12
12

Profit and loss account
  
29,190
94,121

  
409,290
474,221


Page 1

 


PHRONESIS TECHNOLOGIES LIMITED
REGISTERED NUMBER:10726796


    
STATEMENT OF FINANCIAL POSITION (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 period 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 income and retained earnings 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 16 April 2025.




................................................
J Wilkinson
Director

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

Page 2

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Phronesis Technologies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. 
The presentation currency of the financial statements is the Pound Sterling (£). 
The comparative period shown in the finanial statements is a 12 month period from 1 May 2022 to 30 April 2023. The directors have chosen a 31 December reporting date going forward, which is in line with other group undertakings' financial reporting dates. The shortened financial period should be taken into account when reviewing the information within these financial statements. 

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

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.

Page 3

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period 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 reporting 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 reporting 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 reporting date.

 
2.4

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.

 
2.5

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
-
33%

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.

Page 4

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 7).


4.


Intangible assets






Computer software

£



Cost


At 1 May 2023
683,565


Additions
23,119



At 31 December 2023

706,684



Amortisation


At 1 May 2023
173,628


Charge for the period on owned assets
84,368



At 31 December 2023

257,996



Net book value



At 31 December 2023
448,688



At 30 April 2023
509,937



Page 5

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 May 2023
15,420



At 31 December 2023

15,420



Depreciation


At 1 May 2023
8,665


Charge for the period on owned assets
4,086



At 31 December 2023

12,751



Net book value



At 31 December 2023
2,669



At 30 April 2023
6,755


6.


Debtors

31 December
30 April
2023
2023
£
£


Trade debtors
102,847
25,346

Amounts owed by group undertakings
27,261
-

Other debtors
29,120
-

Prepayments and accrued income
1,142
60,958

160,370
86,304


Page 6

 


PHRONESIS TECHNOLOGIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

31 December
30 April
2023
2023
£
£

Bank loans
10,000
10,000

Trade creditors
58,386
65,083

Other taxation and social security
5,432
42,815

Accruals and deferred income
245,552
41,438

319,370
159,336



8.


Creditors: Amounts falling due after more than one year

31 December
30 April
2023
2023
£
£

Bank loans
15,750
21,667

15,750
21,667


 
Page 7