Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-302025-04-30falsetrueEngineering related scientific and technical consulting activitiestrue2024-05-0122false 10011032 2024-05-01 2025-04-30 10011032 2023-05-01 2024-04-30 10011032 2025-04-30 10011032 2024-04-30 10011032 c:Director1 2024-05-01 2025-04-30 10011032 d:CurrentFinancialInstruments 2025-04-30 10011032 d:CurrentFinancialInstruments 2024-04-30 10011032 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 10011032 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10011032 d:ShareCapital 2025-04-30 10011032 d:ShareCapital 2024-04-30 10011032 d:RetainedEarningsAccumulatedLosses 2025-04-30 10011032 d:RetainedEarningsAccumulatedLosses 2024-04-30 10011032 c:FRS102 2024-05-01 2025-04-30 10011032 c:Audited 2024-05-01 2025-04-30 10011032 c:FullAccounts 2024-05-01 2025-04-30 10011032 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10011032 c:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10011032 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 10011032










FS DYNAMICS UK LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

 
FS DYNAMICS UK LIMITED
REGISTERED NUMBER: 10011032

BALANCE SHEET
AS AT 30 APRIL 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,931
56,853

Cash at bank and in hand
  
1,709
48

  
8,640
56,901

Creditors: amounts falling due within one year
 5 
(277,874)
(326,066)

  

Net liabilities
  
(269,234)
(269,165)


Capital and reserves
  

Called up share capital 
  
2,223
2,223

Profit and loss account
  
(271,457)
(271,388)

  
(269,234)
(269,165)


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 June 2025.




C Stein
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
FS DYNAMICS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1.


General information

FS Dynamics UK Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10011032). Its registered office is Cedar House, 63 Napier Street, Sheffield, S11 8HA. The principal activity of the Company is that of engineering related scientific and technical consultancy.

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 Republic of Ireland' ('FRS 102') 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

As at 30 April 2025 the Company had an excess of liabilities over its total assets amounting to £269,234 (2024: £269,165). Adequate support is available and provided by the Group to enable the Company to meet its liabilities as they fall due. Consequently the directors are confident that the Company will be able to pay its debts as they fall due, for a period of at least 12 months from the date of signature of the financial statements and accordingly these accounts are prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pounds 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.

Page 2

 
FS DYNAMICS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.4

Revenue

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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

  
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).






Page 3

 
FS DYNAMICS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

4.


Debtors

2025
2024
£
£

Trade debtors
969
38,881

Amounts owed by group undertakings
791
-

Other debtors
737
-

Prepayments and accrued income
4,434
17,972

6,931
56,853



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Amounts owed to group undertakings
274,874
318,538

Other taxation and social security
-
4,528

Other creditors
3,000
3,000

277,874
326,066



6.


Deferred taxation


A deferred tax asset of £67,710 (2024: £67,693) on trading losses of £270,842 (2024: £270,773) has not
been recognised at the year end due to the uncertainty of the Company utilising these losses in future periods.


7.


Controlling party

The immediate shareholder is FS Dynamics AB and the ultimate shareholder is Priveq Investment VII (A) AB. There is no controlling party of the ultimate parent undertaking as no shareholder owns more than 50% of the share capital.
The results of FS Dynamics UK Limited are consolidated into the group accounts of FS Dynamics AB whose registered office is Mölndalsvägen 24, SE-412 63 Gothenburg, Sweden.                                                                                                                                                                                          
The company has taken the available exemptions within FRS102 section 33.1A, whereby it has not disclosed related party transactions within a wholly owned group.

Page 4

 
FS DYNAMICS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

8.


Auditor's information

The auditor's report on the financial statements for the year ended 30 April 2025 was unqualified.

The audit report was signed on 24 June 2025 by Kirstie Wilson ACA DChA (Senior Statutory Auditor) on behalf of Shorts.

 
Page 5