Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-01 false No description of principal activity 7 7 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12231761 2024-01-01 2024-12-31 12231761 2023-01-01 2023-12-31 12231761 2024-12-31 12231761 2023-12-31 12231761 c:Director2 2024-01-01 2024-12-31 12231761 d:FurnitureFittings 2024-01-01 2024-12-31 12231761 d:FurnitureFittings 2024-12-31 12231761 d:FurnitureFittings 2023-12-31 12231761 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12231761 d:OfficeEquipment 2024-01-01 2024-12-31 12231761 d:OfficeEquipment 2024-12-31 12231761 d:OfficeEquipment 2023-12-31 12231761 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12231761 d:ComputerEquipment 2024-01-01 2024-12-31 12231761 d:ComputerEquipment 2024-12-31 12231761 d:ComputerEquipment 2023-12-31 12231761 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12231761 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12231761 d:CurrentFinancialInstruments 2024-12-31 12231761 d:CurrentFinancialInstruments 2023-12-31 12231761 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12231761 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12231761 d:ShareCapital 2024-12-31 12231761 d:ShareCapital 2023-12-31 12231761 d:RetainedEarningsAccumulatedLosses 2024-12-31 12231761 d:RetainedEarningsAccumulatedLosses 2023-12-31 12231761 c:FRS102 2024-01-01 2024-12-31 12231761 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12231761 c:FullAccounts 2024-01-01 2024-12-31 12231761 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12231761 d:WithinOneYear 2024-12-31 12231761 d:WithinOneYear 2023-12-31 12231761 d:BetweenOneFiveYears 2024-12-31 12231761 d:BetweenOneFiveYears 2023-12-31 12231761 2 2024-01-01 2024-12-31 12231761 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

| WALTLabs.io EMEA Limited
| Unaudited
| Financial statements
| For the year ended 31 December 2024
| Registered number: 12231761
WALTLabs.io EMEA Limited - Registered number:12231761
Statement of financial position As at 31 December 2024
| 2024 | 2024 | 2023 | 2023
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | 6,812 |  | 11,891
|  |  | 6,812 |  | 11,891
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 981,886 |  | 855,384 |
Bank and cash balances |  | 20,909 |  | 47,133 |
|  | 1,002,795 |  | 902,517 |
Creditors: amounts falling due within one year | 6 | (267,082) |  | (432,379) |
Net current assets |  |  | 735,713 |  | 470,138
Total assets less current liabilities |  |  | 742,525 |  | 482,029
Net assets |  |  | 742,525 |  | 482,029
Capital and reserves |  |  |  |  |
Share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 741,525 |  | 481,029
|  |  | 742,525 |  | 482,029
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. Page 1
WALTLabs.io EMEA Limited - Registered number:12231761
Statement of financial position (continued) As at 31 December 2024 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 by:
S Smith
Director
Date: 2 September 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
WALTLabs.io EMEA Limited
Notes to the financial statements For the year ended 31 December 2024
1. | General information
The company is a private company limited by shares and incorporated in England and Wales. Its registered office is C/O Buzzacott LLP, 130 Wood street, London, EC2V 6DL and principal place of business is Suites 401B-C, The Nexus Building, Broadway, Letchworth Garden City, Hertfordshire, SG6 3TA . The company registration number is 12231761. 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 Republic of Ireland' ('FRS102') and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | 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: 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.
| 2.3 | 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 3
WALTLabs.io EMEA Limited
Notes to the financial statements For the year ended 31 December 2024 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 3 years staright line
|  |  |  | Office equipment | - | 3 years straight line
|  |  |  | Computer equipment | - | 3 years straight line
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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.
| 2.4 | 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.
| 2.5 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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. Page 4
WALTLabs.io EMEA Limited
Notes to the financial statements For the year ended 31 December 2024 2.Accounting policies (continued)
| 2.9 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.10 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to statement of income and retained earnings on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.11 | 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 statement of income and retained earnings 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.
| 2.12 | Taxation
Tax is recognised in the statement of income and retained earnings 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.
3. | Employees
| The average monthly number of employees, including the directors, during the year was 7 (2023 -7).
Page 5
WALTLabs.io EMEA Limited
Notes to the financial statements For the year ended 31 December 2024
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 January 2024 | 8,482 | 500 | 13,666 | 22,648
| At 31 December 2024 | 8,482 | 500 | 13,666 | 22,648
| Depreciation |  |  |  |
| At 1 January 2024 | 471 | 440 | 9,846 | 10,757
| Charge for the year | 2,827 | 60 | 2,192 | 5,079
| At 31 December 2024 | 3,298 | 500 | 12,038 | 15,836
| Net book value |  |  |  |
| At 31 December 2024 | 5,184 | - | 1,628 | 6,812
| At 31 December 2023 | 8,011 | 60 | 3,820 | 11,891
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 117,165 | 143,749
| Amounts owed by group undertakings | 846,723 | 691,602
| Other debtors | 9,930 | 9,525
| Prepayments | 8,068 | 10,508
|  | 981,886 | 855,384
Page 6
WALTLabs.io EMEA Limited
Notes to the financial statements For the year ended 31 December 2024
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 58,151 | 236,587
| Corporation tax | 90,316 | 115,971
| Other taxation and social security | 97,965 | 50,549
| Other creditors | 13,950 | 7,872
| Accruals | 6,700 | 21,400
|  | 267,082 | 432,379
7. | Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,858 (2023: £7,930). Contributions totalling to £941 (2023: £1,538) were payable to the fund at 31 December 2024.
8. | Commitments under operating leases
| At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 208 | 34,042
| Later than 1 year and not later than 5 years | - | 208
|  | 208 | 34,250
9. | Controlling party
The ultimate controlling party of WALTLabs.io EMEA Limited is Root Level Technology LLC, a company incorporated in the USA and the director Eric Sengbusch has significant control over the company.
Page 7