Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2025-01-01 true false No description of principal activity 4 4 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04970220 2025-01-01 2025-12-31 04970220 2024-01-01 2024-12-31 04970220 2025-12-31 04970220 2024-12-31 04970220 c:Director1 2025-01-01 2025-12-31 04970220 d:OfficeEquipment 2025-01-01 2025-12-31 04970220 d:OfficeEquipment 2025-12-31 04970220 d:OfficeEquipment 2024-12-31 04970220 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04970220 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 04970220 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 04970220 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04970220 d:CurrentFinancialInstruments 2025-12-31 04970220 d:CurrentFinancialInstruments 2024-12-31 04970220 d:Non-currentFinancialInstruments 2025-12-31 04970220 d:Non-currentFinancialInstruments 2024-12-31 04970220 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 04970220 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04970220 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 04970220 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04970220 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-12-31 04970220 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 04970220 d:ShareCapital 2025-12-31 04970220 d:ShareCapital 2024-12-31 04970220 d:RetainedEarningsAccumulatedLosses 2025-12-31 04970220 d:RetainedEarningsAccumulatedLosses 2024-12-31 04970220 c:OrdinaryShareClass1 2025-01-01 2025-12-31 04970220 c:OrdinaryShareClass1 2025-12-31 04970220 c:OrdinaryShareClass1 2024-12-31 04970220 c:OrdinaryShareClass2 2025-01-01 2025-12-31 04970220 c:OrdinaryShareClass2 2025-12-31 04970220 c:OrdinaryShareClass2 2024-12-31 04970220 c:FRS102 2025-01-01 2025-12-31 04970220 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04970220 c:FullAccounts 2025-01-01 2025-12-31 04970220 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04970220 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 04970220 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 04970220 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04970220 d:OtherDeferredTax 2025-12-31 04970220 d:OtherDeferredTax 2024-12-31 04970220 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2025-01-01 2025-12-31 04970220 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04970220 EXPENSE ON DEMAND LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
EXPENSE ON DEMAND LIMITED REGISTERED NUMBER: 04970220 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 338,427 |  | 293,172
Tangible assets | 5 |  | 15,166 |  | 10,534
|  |  | 353,593 |  | 303,706
Current assets |  |  |  |  |
Stocks |  | 658,176 |  | 446,597 |
Debtors: amounts falling due within one year | 6 | 138,362 |  | 138,755 |
Cash at bank and in hand | 7 | 126,946 |  | 172,460 |
|  | 923,484 |  | 757,812 |
Creditors: amounts falling due within one year | 8 | (370,057) |  | (352,785) |
Net current assets |  |  | 553,427 |  | 405,027
Total assets less current liabilities |  |  | 907,020 |  | 708,733
Creditors: amounts falling due after more than one year | 9 |  | (138,464) |  | (93,274)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (3,792) |  | (2,634) |
|  |  | (3,792) |  | (2,634)
Net assets |  |  | 764,764 |  | 612,825
Page 1
EXPENSE ON DEMAND LIMITED REGISTERED NUMBER: 04970220 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 1,262,105 |  | 1,122,105
Profit and loss account |  |  | (497,341) |  | (509,280)
|  |  | 764,764 |  | 612,825
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 23 March 2026.
Sunil Nigam
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is a private company limited by shares, registered and incorporated in England & Wales. The address of the registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London E14 9FJ. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 financial statements are prepared in Sterling (£), which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. Page 3
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 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:
|  |  |  | Development expenditure | - | 5 | years
Page 4
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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 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:
|  |  |  | Office equipment | - | 33% | reducing balance basis
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.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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. Page 5
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
4. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 January 2025 | 1,001,137
| Additions | 306,852
| At 31 December 2025 | 1,307,989
| Amortisation |
| At 1 January 2025 | 707,965
| Charge for the year on owned assets | 261,597
| At 31 December 2025 | 969,562
| Net book value |
| At 31 December 2025 | 338,427
| At 31 December 2024 | 293,172
Page 6
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 67,812
| Additions | 12,102
| At 31 December 2025 | 79,914
| Depreciation |
| At 1 January 2025 | 57,278
| Charge for the year on owned assets | 7,470
| At 31 December 2025 | 64,748
| Net book value |
| At 31 December 2025 | 15,166
| At 31 December 2024 | 10,534
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 127,161 | 128,766
| Other debtors | 9,873 | 9,989
| Prepayments and accrued income | 1,328 | -
|  | 138,362 | 138,755
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 126,946 | 172,460
|  | 126,946 | 172,460
Page 7
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 62,750 | 37,333
| Trade creditors | 300,620 | 304,931
| Accruals and deferred income | 6,687 | 10,521
|  | 370,057 | 352,785
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 138,464 | 93,274
|  | 138,464 | 93,274
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 62,750 | 37,333
|  | 62,750 | 37,333
| Amounts falling due 2-5 years |  |
| Bank loans | 138,464 | 93,274
|  | 138,464 | 93,274
|  | 201,214 | 130,607
Page 8
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (2,634)
| Charged to profit or loss | (1,158)
| At end of year | (3,792)
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (2,634) | (2,026)
| Decrease /(incease) in deferred tax during the year | (1,158) | (608)
|  | (3,792) | (2,634)
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 131,100 (2024 - 131,100) Ordinary shares of £1.00 each | 131,100 | 131,100
|  | 1,131,005 (2024 -991,005) Preference shares of £1.00 each | 1,131,005 | 991,005
|  |  | 1,262,105 | 1,122,105
During the period, the Company issued 140,000 redeemable preference shares with aggregate nominal value of £140,000 for cash consideration of £140,000. The redemption of the preference shares and payment of dividends is discretionary, and based upon future cashflows. No premium is payable on redemption.
13. | Related party transactions
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 9
EXPENSE ON DEMAND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Controlling party
The immediate and ultimate parent company is Infospectrum Worldwide Holdings Limited, a company incorporated in England and Wales. The registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London E14 9FJ. In the opinion of the directors there is no ultimate controlling party. The parent company does not prepare group accounts as the group is small and not ineligible.
Page 10