Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13148313 2023-12-01 2024-11-30 13148313 2022-12-01 2023-11-30 13148313 2024-11-30 13148313 2023-11-30 13148313 2022-12-01 13148313 c:Director1 2023-12-01 2024-11-30 13148313 d:ComputerEquipment 2023-12-01 2024-11-30 13148313 d:ComputerEquipment 2024-11-30 13148313 d:ComputerEquipment 2023-11-30 13148313 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 13148313 d:CurrentFinancialInstruments 2024-11-30 13148313 d:CurrentFinancialInstruments 2023-11-30 13148313 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 13148313 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13148313 d:ShareCapital 2023-12-01 2024-11-30 13148313 d:ShareCapital 2024-11-30 13148313 d:ShareCapital 2022-12-01 2023-11-30 13148313 d:ShareCapital 2023-11-30 13148313 d:ShareCapital 2022-12-01 13148313 d:SharePremium 2023-12-01 2024-11-30 13148313 d:SharePremium 2024-11-30 13148313 d:SharePremium 2022-12-01 2023-11-30 13148313 d:SharePremium 2023-11-30 13148313 d:SharePremium 2022-12-01 13148313 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 13148313 d:RetainedEarningsAccumulatedLosses 2024-11-30 13148313 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 13148313 d:RetainedEarningsAccumulatedLosses 2023-11-30 13148313 d:RetainedEarningsAccumulatedLosses 2022-12-01 13148313 c:FRS102 2023-12-01 2024-11-30 13148313 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13148313 c:FullAccounts 2023-12-01 2024-11-30 13148313 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13148313 6 2023-12-01 2024-11-30 13148313 e:USDollar 2023-12-01 2024-11-30 13148313 d:UnlistedNon-exchangeTraded 2023-11-30 13148313 d:UnlistedNon-exchangeTraded 2024-11-30 13148313 d:EntityControlledByKeyManagementPersonnel1 2023-12-01 2024-11-30 13148313 d:EntityControlledByKeyManagementPersonnel1 2024-11-30 13148313 d:EntityControlledByKeyManagementPersonnel1 2023-11-30 iso4217:USD xbrli:pure


















10Dynamics Limited























Unaudited

Financial statements



For the year ended 30 November 2024



Registered number: 13148313

 
10Dynamics Limited - Registered number: 13148313



Statement of financial position
As at 30 November 2024

2024
2023
Note
$
$

Fixed assets
  

Tangible assets
 4 
20,351
48,939

Investments
 5 
-
354,378

  
20,351
403,317

Current assets
  

Debtors: amounts falling due within one year
 6 
367,330
532,835

Cash at bank and in hand
  
51,841
49,641

  
419,171
582,476

Creditors: amounts falling due within one year
 7 
(140,693)
(384,733)

Net current assets
  
 
 
278,478
 
 
197,743

Total assets less current liabilities
  
298,829
601,060

  

Net assets
  
298,829
601,060


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
29,999
29,999

Profit and loss account
  
268,828
571,059

  
298,829
601,060


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and member has not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 on 19 August 2025.

Page 1

 
10Dynamics Limited - Registered number: 13148313



Statement of financial position (continued)
As at 30 November 2024


William Gebhardt
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
10Dynamics Limited
 


Statement of changes in equity
For the year ended 30 November 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

$
$
$
$


At 1 December 2022
2
29,999
633,947
663,948


Comprehensive income for the year

Loss for the year
-
-
(62,888)
(62,888)
Total comprehensive income for the year
-
-
(62,888)
(62,888)



At 1 December 2023
2
29,999
571,059
601,060


Comprehensive income for the year

Loss for the year
-
-
(193,994)
(193,994)
Total comprehensive income for the year
-
-
(193,994)
(193,994)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(108,237)
(108,237)


Total transactions with owners
-
-
(108,237)
(108,237)


At 30 November 2024
2
29,999
268,828
298,829


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
10Dynamics Limited


Notes to the financial statements
For the year ended 30 November 2024

1.


General information

10Dynamics Limited ("the Company") is a private company limited by shares incorporated on 20 January 2021 and is registered in England and Wales, registration number 13148313. The registered office is 130 Wood Street, London, EC2V 6DL.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

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 'administrative expenses'. All other foreign exchange gains and losses are also presented in profit or loss within 'administrative expenses'.

 
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:

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 4

 
10Dynamics Limited
 

Notes to the financial statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

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.

 
2.8

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.

Page 5

 
10Dynamics Limited
 

Notes to the financial statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between
an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation
of the amount that the Company would receive for the asset if it were to be sold at the reporting date.re... 

 
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 1 (2023 - 1).

Page 6

 
10Dynamics Limited


Notes to the financial statements
For the year ended 30 November 2024

4.


Tangible fixed assets





Computer equipment

$



Cost or valuation


At 1 December 2023
101,504


Additions
2,711



At 30 November 2024

104,215



Depreciation


At 1 December 2023
52,565


Charge for the year on owned assets
31,299



At 30 November 2024

83,864



Net book value



At 30 November 2024
20,351



At 30 November 2023
48,939

Page 7

 
10Dynamics Limited


Notes to the financial statements
For the year ended 30 November 2024

5.


Fixed asset investments





Unlisted investments

$





At 1 December 2023
354,378


Disposals
(352,424)


Amounts written off
(1,954)



At 30 November 2024
-





6.


Debtors

2024
2023
$
$


Trade debtors
162,129
64,684

Amounts owed by group undertakings
11,028
108,238

Other debtors
163,738
315,978

Prepayments and accrued income
30,435
43,935

367,330
532,835



7.


Creditors: Amounts falling due within one year

2024
2023
$
$

Trade creditors
16,909
14,076

Corporation tax
-
9,580

Other creditors
304
342,426

Accruals and deferred income
123,480
18,651

140,693
384,733



8.


Related party transactions

During the year to 30 November 2024, the Company received loans totalling $nil (2023-$250) from a director. The company also made repayments during the year totalling $21 (2023-$nil) to  a director. As at 30 November 2024, the Company owed the director $304 (2023 - $325) which is included in Other creditors.                                                                    

Page 8