Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-14The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseOther research and experimental development on natural sciences and engineering11truetruefalse 11897883 2024-04-01 2025-03-31 11897883 2023-04-01 2024-03-31 11897883 2025-03-31 11897883 2024-03-31 11897883 c:Director1 2024-04-01 2025-03-31 11897883 d:MotorVehicles 2024-04-01 2025-03-31 11897883 d:MotorVehicles 2025-03-31 11897883 d:MotorVehicles 2024-03-31 11897883 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 11897883 d:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 11897883 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 11897883 d:CurrentFinancialInstruments 2025-03-31 11897883 d:CurrentFinancialInstruments 2024-03-31 11897883 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11897883 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11897883 d:ShareCapital 2025-03-31 11897883 d:ShareCapital 2024-03-31 11897883 d:RetainedEarningsAccumulatedLosses 2025-03-31 11897883 d:RetainedEarningsAccumulatedLosses 2024-03-31 11897883 c:OrdinaryShareClass1 2024-04-01 2025-03-31 11897883 c:OrdinaryShareClass1 2025-03-31 11897883 c:OrdinaryShareClass1 2024-03-31 11897883 c:FRS102 2024-04-01 2025-03-31 11897883 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11897883 c:FullAccounts 2024-04-01 2025-03-31 11897883 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11897883 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 11897883 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-04-01 2025-03-31 11897883 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11897883









DEBYE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
DEBYE LTD
REGISTERED NUMBER: 11897883

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2025
2024
2024
Note
£
£
£
£

FIXED ASSETS
  

Intangible assets
 4 
917
642

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
51,503
45,341

Cash at bank and in hand
  
149
15,934

  
51,652
61,275

Creditors: amounts falling due within one year
 7 
(62,534)
(64,858)

NET CURRENT LIABILITIES
  
 
 
(10,882)
 
 
(3,583)

  

NET LIABILITIES
  
(9,965)
(2,941)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(10,065)
(3,041)

  
(9,965)
(2,941)


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.

Page 1

 
DEBYE LTD
REGISTERED NUMBER: 11897883
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr B Karadag
Director

Date: 14 May 2025

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

Page 2

 
DEBYE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Debye Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 86-90 Paul Street, London, EC2A 4NE.

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

GOING CONCERN

The Company was loss making in the year and had a net liabilities position at the balance sheet date of £7,468 (2024 - £2,941). This is consistent with the business model of the Company, and the accounts have been prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its director and shareholders in order to meet its liabilities as they fall due.

 
2.3

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 presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
DEBYE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

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.

 The estimated useful lives range as follows:

Trademarks
-
10
years straight line

 
2.7

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 4

 
DEBYE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.7
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:

Motor vehicles
-
25%

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.

 
2.8

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 1 (2024 - 1).

Page 5

 
DEBYE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


INTANGIBLE ASSETS




Trademarks

£



COST


At 1 April 2024
653


Additions
358



At 31 March 2025

1,011



AMORTISATION


At 1 April 2024
11


Charge for the year on owned assets
83



At 31 March 2025

94



NET BOOK VALUE



At 31 March 2025
917



At 31 March 2024
642




5.


TANGIBLE FIXED ASSETS





Motor vehicles

£





Additions
1,762


Disposals
(1,762)



At 31 March 2025

-






NET BOOK VALUE



At 31 March 2025
-



At 31 March 2024
-

Page 6

 
DEBYE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


DEBTORS

2025
2024
£
£


Other debtors
34,102
17,963

Prepayments and accrued income
17,401
27,378

51,503
45,341



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Other taxation and social security
17
4,776

Other creditors
58,892
57,532

Accruals and deferred income
3,625
2,550

62,534
64,858



8.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2024 - 1,000) Ordinary shares of £0.10 each
100
100


 
Page 7