Work AnyWare Limited 05946998 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is provision of Equinox, consisting of case and document management services for intellectual property professionals Digita Accounts Production Advanced 6.30.9574.0 true true 05946998 2024-01-01 2024-12-31 05946998 2024-12-31 05946998 core:RetainedEarningsAccumulatedLosses 2024-12-31 05946998 core:ShareCapital 2024-12-31 05946998 core:SharePremium 2024-12-31 05946998 core:CurrentFinancialInstruments 2024-12-31 05946998 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05946998 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05946998 core:OtherResidualIntangibleAssets 2024-12-31 05946998 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 05946998 core:WithinOneYear 2024-12-31 05946998 core:FurnitureFittingsToolsEquipment 2024-12-31 05946998 bus:SmallEntities 2024-01-01 2024-12-31 05946998 bus:Audited 2024-01-01 2024-12-31 05946998 bus:FilletedAccounts 2024-01-01 2024-12-31 05946998 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05946998 bus:RegisteredOffice 2024-01-01 2024-12-31 05946998 bus:Director5 2024-01-01 2024-12-31 05946998 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05946998 1 2024-01-01 2024-12-31 05946998 core:ComputerSoftware 2024-01-01 2024-12-31 05946998 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05946998 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 1 2024-01-01 2024-12-31 05946998 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 05946998 core:OtherResidualIntangibleAssets 1 2024-01-01 2024-12-31 05946998 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 05946998 core:PatentsTrademarksLicencesConcessionsSimilar 1 2024-01-01 2024-12-31 05946998 core:ComputerEquipment 2024-01-01 2024-12-31 05946998 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05946998 countries:AllCountries 2024-01-01 2024-12-31 05946998 2023-12-31 05946998 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05946998 core:OtherResidualIntangibleAssets 2023-12-31 05946998 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 05946998 core:FurnitureFittingsToolsEquipment 2023-12-31 05946998 2023-01-01 2023-12-31 05946998 2023-12-31 05946998 core:RetainedEarningsAccumulatedLosses 2023-12-31 05946998 core:ShareCapital 2023-12-31 05946998 core:SharePremium 2023-12-31 05946998 core:CurrentFinancialInstruments 2023-12-31 05946998 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05946998 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05946998 core:OtherResidualIntangibleAssets 2023-12-31 05946998 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 05946998 core:WithinOneYear 2023-12-31 05946998 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 05946998

Work AnyWare Limited

Annual Report and Filleted Financial Statements

for the Year Ended 31 December 2024

 

Work AnyWare Limited

Contents

Company Information

1

Statement of Director's Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 12

 

Work AnyWare Limited

Company Information

Director

Mr S R Nicholson

Registered office

11A Alma Road
Leeds
LS6 2AH

Auditors

Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
Kent
TN18 4NR

 

Work AnyWare Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

 

Work AnyWare Limited

(Registration number: 05946998)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

197,306

113,075

Tangible assets

5

12,025

25,025

 

209,331

138,100

Current assets

 

Debtors

6

531,158

314,986

Cash at bank and in hand

 

1,469,082

523,151

 

2,000,240

838,137

Creditors: Amounts falling due within one year

7

(1,030,821)

(474,946)

Net current assets

 

969,419

363,191

Total assets less current liabilities

 

1,178,750

501,291

Provisions for liabilities

(43,594)

(24,900)

Net assets

 

1,135,156

476,391

Capital and reserves

 

Called up share capital

999

999

Share premium reserve

129,900

129,900

Retained earnings

1,004,257

345,492

Shareholders' funds

 

1,135,156

476,391

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2025
 

.........................................
Mr S R Nicholson
Director

   
     
 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
11A Alma Road
Leeds
LS6 2AH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Parent company
The immediate parent company is NovumIP Ltd and the ultimate parent company is Questel Unite SAS. Questel Unite SAS is the smallest and largest group into which these financial statements are consolidated. The registered office of Questel Unite SAS is 23 Rue D'Antin, 75002, Paris.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 29 August 2025 was Alan Staples, who signed for and on behalf of Manningtons.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Office equipment

33% straight line

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Intangible assets

Development of products is capitalised where there is expected to be a benefit to future periods and the following conditions are met:

(i)It is technically feasible to complete the research or development so that the product will be available for use or sale;
(ii)It is intended to use or sell the product being developed;
(iii)The company is able to use or sell the product;
(iv)It can be demonstrated that the product will generate probable future economic benefits;
(v)Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold; and
(vi)Expenditure attributable to the research and development work can be reliably measured.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life. Assessments of useful economic life range from 3 to 10 years. Amortisation expenses for the year and last year are included in administrative expenses.

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

25% straight line

Trademark

10% straight line

Internally generated assets

33% straight line

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 Recognition and measurement
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

 Impairment
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 34 (2023 - 38).

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Internally generated software development costs
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

2,926

125,426

6,767

135,119

Additions internally developed

-

155,053

-

155,053

At 31 December 2024

2,926

280,479

6,767

290,172

Amortisation

At 1 January 2024

1,146

14,372

6,526

22,044

Amortisation charge

293

70,288

241

70,822

At 31 December 2024

1,439

84,660

6,767

92,866

Carrying amount

At 31 December 2024

1,487

195,819

-

197,306

At 31 December 2023

1,780

111,054

241

113,075

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

131,659

131,659

At 31 December 2024

131,659

131,659

Depreciation

At 1 January 2024

106,641

106,641

Charge for the year

12,993

12,993

At 31 December 2024

119,634

119,634

Carrying amount

At 31 December 2024

12,025

12,025

At 31 December 2023

25,025

25,025

6

Debtors

2024
£

2023
£

Trade debtors

444,930

189,426

Prepayments

39,666

36,467

Other debtors

46,562

89,093

531,158

314,986

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

135,163

18,347

Taxation and social security

290,464

113,462

Accruals and deferred income

82,031

85,424

Other creditors

523,163

257,713

1,030,821

474,946

 

Work AnyWare Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

133,751

179,238

The amount of non-cancellable operating lease payments recognised as an expense during the year was £45,487 (2023 - £41,546).