Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true42024-01-01false5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07352321 2024-01-01 2024-12-31 07352321 2024-12-31 07352321 2023-01-01 2023-12-31 07352321 2023-12-31 07352321 c:Director1 2024-01-01 2024-12-31 07352321 c:Director2 2024-01-01 2024-12-31 07352321 c:Director5 2024-01-01 2024-12-31 07352321 c:Director6 2024-01-01 2024-12-31 07352321 c:Director6 2024-12-31 07352321 c:Director7 2024-01-01 2024-12-31 07352321 c:Director7 2024-12-31 07352321 c:Director8 2024-01-01 2024-12-31 07352321 c:Director8 2024-12-31 07352321 c:RegisteredOffice 2024-01-01 2024-12-31 07352321 d:ComputerEquipment 2024-01-01 2024-12-31 07352321 d:ComputerEquipment 2024-12-31 07352321 d:ComputerEquipment 2023-12-31 07352321 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07352321 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 07352321 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 07352321 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07352321 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07352321 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 07352321 d:CurrentFinancialInstruments 2024-12-31 07352321 d:CurrentFinancialInstruments 2023-12-31 07352321 d:Non-currentFinancialInstruments 2024-12-31 07352321 d:Non-currentFinancialInstruments 2023-12-31 07352321 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07352321 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07352321 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07352321 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07352321 d:ShareCapital 2024-12-31 07352321 d:ShareCapital 2023-12-31 07352321 d:SharePremium 2024-12-31 07352321 d:SharePremium 2023-12-31 07352321 d:CapitalRedemptionReserve 2024-12-31 07352321 d:CapitalRedemptionReserve 2023-12-31 07352321 d:RetainedEarningsAccumulatedLosses 2024-12-31 07352321 d:RetainedEarningsAccumulatedLosses 2023-12-31 07352321 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07352321 c:OrdinaryShareClass1 2024-12-31 07352321 c:OrdinaryShareClass1 2023-12-31 07352321 c:OrdinaryShareClass2 2024-01-01 2024-12-31 07352321 c:OrdinaryShareClass2 2024-12-31 07352321 c:OrdinaryShareClass2 2023-12-31 07352321 c:OrdinaryShareClass3 2024-01-01 2024-12-31 07352321 c:OrdinaryShareClass3 2024-12-31 07352321 c:FRS102 2024-01-01 2024-12-31 07352321 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07352321 c:FullAccounts 2024-01-01 2024-12-31 07352321 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07352321 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 07352321 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 07352321 2 2024-01-01 2024-12-31 07352321 d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 07352321 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07352321 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07352321 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 07352321







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


EMOQUO LIMITED






































img3bff.png                        

 


EMOQUO LIMITED
 


 
COMPANY INFORMATION


Directors
Mr T Aston 
Mr J Bailey 
Mr W J Flind 
Ms S C Meaney (appointed 1 June 2024)
Mr M W Lyons (appointed 28 February 2025)
Mr C Smith (appointed 5 February 2025)




Registered number
07352321



Registered office
2nd Floor, Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

2nd Floor, Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


EMOQUO LIMITED
 



CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7


 


EMOQUO LIMITED
REGISTERED NUMBER:07352321



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
564,505
550,812

Tangible assets
 5 
-
650

  
564,505
551,462

Current assets
  

Debtors: amounts falling due within one year
 6 
74,262
71,711

Cash at bank and in hand
  
241,923
-

  
316,185
71,711

Creditors: amounts falling due within one year
 7 
(74,354)
(315,793)

Net current assets/(liabilities)
  
 
 
241,831
 
 
(244,082)

Total assets less current liabilities
  
806,336
307,380

Creditors: amounts falling due after more than one year
 8 
(853)
(2,280)

  

Net assets
  
805,483
305,100


Capital and reserves
  

Called up share capital 
 9 
958,373
232,705

Share premium account
  
2,929,825
2,692,823

Capital redemption reserve
  
3,000
3,000

Profit and loss account
  
(3,085,715)
(2,623,428)

  
805,483
305,100


Page 1

 


EMOQUO LIMITED
REGISTERED NUMBER:07352321


    
STATEMENT OF FINANCIAL POSITION (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 10 July 2025.




................................................
Mr J Bailey
Director

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

Page 2

 


EMOQUO LIMITED
 


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

1.


General information

Emoquo Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is shown on the Company Informartion page and the principal place of business is Capital House, 42 Weston Street London, SE1 3QD. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has made a loss for the year to 31 December 2024 and has negative profit and loss reserves at the year end. The Company is therefore reliant on the continued support of investors and shareholders in order to meet its liabilities as they fall due. 
The Company's current financial position is in line with directors' expectations based on the current stage of the company in the development of its products and services and introduction of its innovative solutions to both large and medium-sized organisations. The company continues to attract the investor support required to pursue its growth plans. The accounts are therefore prepared on the going concern basis.

 
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 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 3

 


EMOQUO LIMITED
 


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

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

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:

Intangible Assets
-
10
years

 
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.

Depreciation 

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Equipment
-
33%
Straight Line

Page 4

 


EMOQUO LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).


4.


Intangible assets




Intellectual Property
Development Costs
Total

£
£
£



Cost


At 1 January 2024
1,172,621
87,287
1,259,908


Additions
127,731
-
127,731



At 31 December 2024

1,300,352
87,287
1,387,639



Amortisation


At 1 January 2024
621,809
87,287
709,096


Charge for the year on owned assets
114,038
-
114,038



At 31 December 2024

735,847
87,287
823,134



Net book value



At 31 December 2024
564,505
-
564,505



At 31 December 2023
550,812
-
550,812



Page 5

 


EMOQUO LIMITED
 


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

5.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 January 2024
4,936



At 31 December 2024

4,936



Depreciation


At 1 January 2024
4,286


Charge for the year on owned assets
650



At 31 December 2024

4,936



Net book value



At 31 December 2024
-



At 31 December 2023
650


6.


Debtors

2024
2023
£
£


Trade debtors
4,712
3,996

Other debtors
69,550
67,715

74,262
71,711



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,235

Bank loans
1,429
1,393

Trade creditors
9,964
61,697

Other taxation and social security
11,657
481

Other creditors
22,270
190,636

Accruals and deferred income
29,034
60,351

74,354
315,793


Page 6

 


EMOQUO LIMITED
 


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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
853
2,280

853
2,280



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



29,804,764 (2023 - 20,238,039) Ordinary shares of £0.01 each
298,048
202,380
3,032,471 (2023 - 1,646,471) Ordinary B shares of £0.01 each
30,325
30,325
63,000,000 (2023 - ) Oridnary C shares of £0.01 each
630,000
-

958,373

232,705


During the year the company issued 4,999,995 Ordinary shares of £0.01 each for £0.03, 4,566,730 Ordinary shares of £0.01 each for £0.04 each and 63,000,000 Ordinary C shares of £0.01 each at par. 

 
Page 7