Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03649402 2024-01-01 2024-12-31 03649402 2023-01-01 2023-12-31 03649402 2024-12-31 03649402 2023-12-31 03649402 c:Director2 2024-01-01 2024-12-31 03649402 d:PlantMachinery 2024-01-01 2024-12-31 03649402 d:PlantMachinery 2024-12-31 03649402 d:PlantMachinery 2023-12-31 03649402 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 03649402 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 03649402 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 03649402 d:CurrentFinancialInstruments 2024-12-31 03649402 d:CurrentFinancialInstruments 2023-12-31 03649402 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03649402 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03649402 d:ShareCapital 2024-12-31 03649402 d:ShareCapital 2023-12-31 03649402 d:SharePremium 2024-12-31 03649402 d:SharePremium 2023-12-31 03649402 d:CapitalRedemptionReserve 2024-12-31 03649402 d:CapitalRedemptionReserve 2023-12-31 03649402 d:RetainedEarningsAccumulatedLosses 2024-12-31 03649402 d:RetainedEarningsAccumulatedLosses 2023-12-31 03649402 c:FRS102 2024-01-01 2024-12-31 03649402 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03649402 c:FullAccounts 2024-01-01 2024-12-31 03649402 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03649402 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 03649402 2 2024-01-01 2024-12-31 03649402 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 03649402 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 03649402









E.VENTURE SYSTEMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
E.VENTURE SYSTEMS LIMITED
REGISTERED NUMBER: 03649402

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
43,074
50,674

Current assets
  

Debtors: amounts falling due within one year
 6 
92,350
135,568

Cash at bank and in hand
  
178,700
162,719

  
271,050
298,287

Creditors: amounts falling due within one year
 7 
(229,283)
(204,514)

Net current assets
  
 
 
41,767
 
 
93,773

Total assets less current liabilities
  
84,841
144,447

  

Net assets
  
84,841
144,447


Capital and reserves
  

Called up share capital 
  
99
99

Share premium account
  
25,749
25,749

Capital redemption reserve
  
13,315
13,315

Profit and loss account
  
45,678
105,284

  
84,841
144,447


Page 1

 
E.VENTURE SYSTEMS LIMITED
REGISTERED NUMBER: 03649402

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 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2025.




................................................
Mr S Chaudakshetrin
Director

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

Page 2

 
E.VENTURE SYSTEMS LIMITED
 

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

1.


General information

E.Venture Systems Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is 40 High Street, Meldreth, Royston, Hertfordshire, England, SG8 6JU.

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 directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
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

 
E.VENTURE SYSTEMS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
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:

Intangible assets
-
3
years

 
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

 
E.VENTURE SYSTEMS LIMITED
 

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

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:

Plant and machinery
-
50%

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
E.VENTURE SYSTEMS LIMITED
 

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

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
611,626


Additions
29,796



At 31 December 2024

641,422



Amortisation


At 1 January 2024
560,953


Charge for the year on owned assets
37,395



At 31 December 2024

598,348



Net book value



At 31 December 2024
43,074



At 31 December 2023
50,673



Page 6

 
E.VENTURE SYSTEMS LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
10,717


Disposals
(1,083)



At 31 December 2024

9,634



Depreciation


At 1 January 2024
10,717


Disposals
(1,083)



At 31 December 2024

9,634



Net book value



At 31 December 2024
-



At 31 December 2023
-


6.


Debtors

2024
2023
£
£


Trade debtors
92,350
135,568

92,350
135,568



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
189,129
171,981

Trade creditors
-
250

Corporation tax
3,611
4,902

Other taxation and social security
20,739
12,999

Other creditors
4,804
3,231

Accruals and deferred income
11,000
11,151

229,283
204,514


Page 7

 
E.VENTURE SYSTEMS LIMITED
 

 Page 8