Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalse2024-01-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09347705 2024-01-01 2024-12-31 09347705 2023-01-01 2023-12-31 09347705 2024-12-31 09347705 2023-12-31 09347705 c:Director1 2024-01-01 2024-12-31 09347705 d:FurnitureFittings 2024-01-01 2024-12-31 09347705 d:FurnitureFittings 2024-12-31 09347705 d:FurnitureFittings 2023-12-31 09347705 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09347705 d:OfficeEquipment 2024-01-01 2024-12-31 09347705 d:OfficeEquipment 2024-12-31 09347705 d:OfficeEquipment 2023-12-31 09347705 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09347705 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09347705 d:CurrentFinancialInstruments 2024-12-31 09347705 d:CurrentFinancialInstruments 2023-12-31 09347705 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09347705 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09347705 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09347705 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09347705 d:ShareCapital 2024-12-31 09347705 d:ShareCapital 2023-12-31 09347705 d:RetainedEarningsAccumulatedLosses 2024-12-31 09347705 d:RetainedEarningsAccumulatedLosses 2023-12-31 09347705 c:FRS102 2024-01-01 2024-12-31 09347705 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09347705 c:FullAccounts 2024-01-01 2024-12-31 09347705 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09347705 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09347705










CYGENTA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CYGENTA LIMITED
REGISTERED NUMBER: 09347705

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,496
16,316

Current assets
  

Debtors: amounts falling due within one year
 5 
423
26,697

Cash at bank and in hand
  
4,669
33,296

  
5,092
59,993

Creditors: amounts falling due within one year
 6 
(20,874)
(17,297)

Net current (liabilities)/assets
  
 
 
(15,782)
 
 
42,696

Total assets less current liabilities
  
(3,286)
59,012

Creditors: amounts falling due after more than one year
  
(28,123)
(34,375)

  

Net (liabilities)/assets
  
(31,409)
24,637


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(31,411)
24,635

  
(31,409)
24,637


Page 1

 
CYGENTA LIMITED
REGISTERED NUMBER: 09347705
    
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 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 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 2 June 2025.




FC Barker
Director

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

Page 2

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

1.


General information

Cygenta Limited is a Company limited by shares, incorporated in England and Wales (registered number: 09347705). Its registered office is Cedar House, Napier Street, Sheffield, South Yorkshire, S11 8HA. The principal activity of the Company throughout the year continued to be that of cyber security.

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.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. This assumption has been made on the basis that the Directors will introduce additional funds from personal sources, or via their US Company.

 
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.

Page 3

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

2.Accounting policies (continued)

 
2.4

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, as follows.

The depreciation rates used are:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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 the Statement of Income and Retained Earnings. 

 
2.5

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

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

2.Accounting policies (continued)

 
2.6

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 the Statement of Income and Retained Earnings 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.

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
 

The current 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.



3.


Employees

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

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
6,510
38,134
44,644


Additions
-
328
328



At 31 December 2024

6,510
38,462
44,972



Depreciation


At 1 January 2024
904
27,424
28,328


Charge for the year on owned assets
1,402
2,746
4,148



At 31 December 2024

2,306
30,170
32,476



Net book value



At 31 December 2024
4,204
8,292
12,496



At 31 December 2023
5,606
10,710
16,316

Page 6

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

5.


Debtors

2024
2023
£
£


Amounts owed by related company
-
19,700

Prepayments
423
992

Tax recoverable
-
6,005

423
26,697



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loan
6,250
6,250

Other taxation and social security
2,850
6,434

Other creditors
172
88

Accruals and deferred income
11,602
4,525

20,874
17,297



7.


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 £1,411 (2023 - £1,072). Contributions totalling £nil (2023 - £nil) were payable to the fund at the Balance Sheet date and are included in creditors.
 

 
Page 7