Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01truefalseNo description of principal activity32falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13707804 2024-01-01 2024-12-31 13707804 2023-01-01 2023-12-31 13707804 2024-12-31 13707804 2023-12-31 13707804 c:Director1 2024-01-01 2024-12-31 13707804 d:OfficeEquipment 2024-01-01 2024-12-31 13707804 d:OfficeEquipment 2024-12-31 13707804 d:OfficeEquipment 2023-12-31 13707804 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13707804 d:CurrentFinancialInstruments 2024-12-31 13707804 d:CurrentFinancialInstruments 2023-12-31 13707804 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13707804 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13707804 d:ShareCapital 2024-12-31 13707804 d:ShareCapital 2023-12-31 13707804 d:RetainedEarningsAccumulatedLosses 2024-12-31 13707804 d:RetainedEarningsAccumulatedLosses 2023-12-31 13707804 c:FRS102 2024-01-01 2024-12-31 13707804 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13707804 c:FullAccounts 2024-01-01 2024-12-31 13707804 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13707804 2 2024-01-01 2024-12-31 13707804 6 2024-01-01 2024-12-31 13707804 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 13707804









OXPROX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
OXPROX LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OXPROX LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OXPROX LIMITED for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of OXPROX LIMITED, as a body, in accordance with the terms of our engagement letter dated 10 December 2021Our work has been undertaken solely to prepare for your approval the financial statements of OXPROX LIMITED and state those matters that we have agreed to state to the Board of Directors of OXPROX LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OXPROX LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that OXPROX LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of OXPROX LIMITED. You consider that OXPROX LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of OXPROX LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



The Woodstock Accountancy Practice Limited
Chartered Accountants
3a Market Place
Woodstock
OX20 1SY
24 April 2025
Page 1

 
OXPROX LIMITED
REGISTERED NUMBER: 13707804

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
948
-

Investments
 5 
15
15

  
963
15

Current assets
  

Debtors: amounts falling due within one year
 6 
4,138
1,553

Cash at bank and in hand
 7 
30,225
39,546

  
34,363
41,099

Creditors: amounts falling due within one year
 8 
(510,377)
(295,832)

Net current liabilities
  
 
 
(476,014)
 
 
(254,733)

Total assets less current liabilities
  
(475,051)
(254,718)

  

Net liabilities
  
(475,051)
(254,718)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(475,151)
(254,818)

  
(475,051)
(254,718)


Page 2

 
OXPROX LIMITED
REGISTERED NUMBER: 13707804
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 24 April 2025.



I Robertson
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
OXPROX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

OxProx Limited is a private company, limited by shares, incorporated in England and Wales,
registered number 13707804.
The registered office is 3a Market Place, Woodstock, Oxfordshire, OX20 1SY.
The principal activity of the company is that of information technology services.

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 CAD. This differs from the presentational currency which is GBP. The reason for the difference is that the Company is incorporated in the UK and files its statutory accounts in the UK, however, its day to day opeartions are based in Canada.

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 4

 
OXPROX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

Page 5

 
OXPROX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Office equipment
-
33%
Straight Line

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.

 
2.7

Valuation of investments

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 Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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 3 (2023 - 2).

Page 6

 
OXPROX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,422



At 31 December 2024

1,422



Depreciation


Charge for the year on owned assets
474



At 31 December 2024

474



Net book value



At 31 December 2024
948



At 31 December 2023
-


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2024
15



At 31 December 2024
15




Page 7

 
OXPROX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
1,134
-

Called up share capital not paid
10
10

Prepayments and accrued income
2,994
1,543

4,138
1,553



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,225
39,546

Less: bank overdrafts
(2,345)
-

27,880
39,546



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
2,345
-

Trade creditors
13,475
5,462

Other creditors
491,670
288,870

Accruals and deferred income
2,887
1,500

510,377
295,832


 
Page 8