Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3142024-01-01falsebusiness and domestic software development and sales.6truetruefalse 08694289 2024-01-01 2024-12-31 08694289 2023-01-01 2023-12-31 08694289 2024-12-31 08694289 2023-12-31 08694289 c:Director1 2024-01-01 2024-12-31 08694289 d:OfficeEquipment 2024-01-01 2024-12-31 08694289 d:OfficeEquipment 2024-12-31 08694289 d:OfficeEquipment 2023-12-31 08694289 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08694289 d:CurrentFinancialInstruments 2024-12-31 08694289 d:CurrentFinancialInstruments 2023-12-31 08694289 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08694289 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08694289 d:ShareCapital 2024-12-31 08694289 d:ShareCapital 2023-12-31 08694289 d:RetainedEarningsAccumulatedLosses 2024-12-31 08694289 d:RetainedEarningsAccumulatedLosses 2023-12-31 08694289 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08694289 c:OrdinaryShareClass1 2024-12-31 08694289 c:OrdinaryShareClass1 2023-12-31 08694289 c:FRS102 2024-01-01 2024-12-31 08694289 c:Audited 2024-01-01 2024-12-31 08694289 c:FullAccounts 2024-01-01 2024-12-31 08694289 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08694289 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08694289 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08694289














WIIISDOM UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
WIIISDOM UK LTD
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6


 
WIIISDOM UK LTD
REGISTERED NUMBER:08694289

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,540
3,418

Current assets
  

Debtors: amounts falling due within one year
 5 
271,779
144,165

Cash at bank and in hand
  
63,201
59,651

  
334,980
203,816

Creditors: amounts falling due within one year
 6 
(1,746,505)
(1,479,868)

Net current liabilities
  
 
 
(1,411,525)
 
 
(1,276,052)

  

Net liabilities
  
(1,409,985)
(1,272,634)


Capital and reserves
  

Called up share capital 
 7 
5,000
5,000

Profit and loss account
  
(1,414,985)
(1,277,634)

  
(1,409,985)
(1,272,634)


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 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 by: 




S Goiffon
Director

Date: 24 June 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
WIIISDOM UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Wiiisdom UK Ltd is a limited liability company incorporated in England and Wales with its registered office at 22 Mount Ephraim, Tunbridge Wells, TN4 8AS.
The principal activity of the company is business and domestic software development and sale.

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 is dependent on the continued funding and financial support provided by the parent company. The parent company have confirmed their continued support to the operations of the Company for at least 12 months from the date of the signing of these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
WIIISDOM UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

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.

 
2.6

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 reporting date in the countries where the Company operates and generates income.


 
2.8

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 3

 
WIIISDOM UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)


Depreciation is provided on the following basis:

Office equipment
-
25% or 33% on cost

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 6).

Page 4

 
WIIISDOM UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
10,850


Disposals
(4,313)



At 31 December 2024

6,537



Depreciation


At 1 January 2024
7,432


Charge for the year on owned assets
1,878


Disposals
(4,313)



At 31 December 2024

4,997



Net book value



At 31 December 2024
1,540



At 31 December 2023
3,418


5.


Debtors

2024
2023
£
£


Trade debtors
173,989
42,799

Amounts owed by group undertakings
95,126
47,403

Other debtors
-
44,071

Prepayments and accrued income
2,664
9,892

271,779
144,165


Page 5

 
WIIISDOM UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
387
754

Amounts owed to group undertakings
1,265,676
1,200,969

Other taxation and social security
36,870
23,070

Accruals and deferred income
443,572
255,075

1,746,505
1,479,868



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £50 each
5,000
5,000



8.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administrated fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,294 (2023 : £11,163).


9.


Controlling party

The Company is controlled by the parent entity Groupe Wiiisdom Software SAS, incorporated in France.

The ultimate controlling party is S Goiffon.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 24 June 2025 by Hazel Young (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 6