Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 The principal activity of the company is engineering related scientific and technical consulting activities.true 2024-07-01 false 40 42 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01296291 2024-07-01 2025-06-30 01296291 2023-07-01 2024-06-30 01296291 2025-06-30 01296291 2024-06-30 01296291 c:Director1 2024-07-01 2025-06-30 01296291 d:Buildings d:LongLeaseholdAssets 2024-07-01 2025-06-30 01296291 d:Buildings d:LongLeaseholdAssets 2025-06-30 01296291 d:Buildings d:LongLeaseholdAssets 2024-06-30 01296291 d:OfficeEquipment 2024-07-01 2025-06-30 01296291 d:OfficeEquipment 2025-06-30 01296291 d:OfficeEquipment 2024-06-30 01296291 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 01296291 d:ComputerEquipment 2024-07-01 2025-06-30 01296291 d:ComputerEquipment 2025-06-30 01296291 d:ComputerEquipment 2024-06-30 01296291 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 01296291 d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 01296291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 01296291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 01296291 d:CurrentFinancialInstruments 2025-06-30 01296291 d:CurrentFinancialInstruments 2024-06-30 01296291 d:CurrentFinancialInstruments 4 2025-06-30 01296291 d:CurrentFinancialInstruments 4 2024-06-30 01296291 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 01296291 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01296291 d:ShareCapital 2025-06-30 01296291 d:ShareCapital 2024-06-30 01296291 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 01296291 d:RetainedEarningsAccumulatedLosses 2025-06-30 01296291 d:RetainedEarningsAccumulatedLosses 2024-06-30 01296291 c:OrdinaryShareClass1 2024-07-01 2025-06-30 01296291 c:OrdinaryShareClass1 2025-06-30 01296291 c:OrdinaryShareClass1 2024-06-30 01296291 c:OrdinaryShareClass2 2024-07-01 2025-06-30 01296291 c:OrdinaryShareClass2 2025-06-30 01296291 c:OrdinaryShareClass2 2024-06-30 01296291 c:FRS102 2024-07-01 2025-06-30 01296291 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 01296291 c:FullAccounts 2024-07-01 2025-06-30 01296291 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 01296291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 01296291 2 2024-07-01 2025-06-30 01296291 6 2024-07-01 2025-06-30 01296291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-07-01 2025-06-30 01296291 f:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01296291 FINITE ELEMENT ANALYSIS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
FINITE ELEMENT ANALYSIS LIMITED REGISTERED NUMBER: 01296291 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 1,784,264 |  | 1,674,334
Tangible assets | 5 |  | 24,510 |  | 44,800
Investments | 6 |  | 33,961 |  | 33,961
|  |  | 1,842,735 |  | 1,753,095
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 723,699 |  | 814,275 |
Cash at bank and in hand |  | 101,205 |  | 54,642 |
|  | 824,904 |  | 868,917 |
Creditors: amounts falling due within one year | 8 | (630,105) |  | (602,972) |
Net current assets |  |  | 194,799 |  | 265,945
Total assets less current liabilities |  |  | 2,037,534 |  | 2,019,040
Net assets |  |  | 2,037,534 |  | 2,019,040
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 43,625 |  | 43,625
Profit and loss account | 10 |  | 1,993,909 |  | 1,975,415
|  |  | 2,037,534 |  | 2,019,040
Page 1
FINITE ELEMENT ANALYSIS LIMITED REGISTERED NUMBER: 01296291 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The director considers 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 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 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:
Dr L P R Lyons
Director
Date: 30 June 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Finite Element Analysis Limited (01296291) is a private Company limited by shares incorporated in England and Wales. The Company's registered and trading office is Forge House, 66 High Street, Kingston upon Thames, Surrey, KT1 1HN. The principal activity of the Company continued to be that of engineering related scientific and technical consulting activities. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The Company is the parent undertaking of a small group and as such is not required by Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual and not about its group. 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: Turnover is recognised as follows: 1) Licenses and upgrades are recognised on the sale of the product providing that no significant obligation remains. 2) Maintenance and support is recognised over the term of the contract, on a straight line basis, which is nearly always one year. 3) Training and consultancy is recognised when the service is performed. Page 3
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.3 | 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. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Amortisation will begin being charged from the point that the intangible assets are available in a condition necessary for use as intended by management. At the date of the financial statements, this criteria has been met and amortisation is now being charged. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made by management, the assets will be amortised on a straight line basis over their useful lives, which range from 3 to 6 years.
| 2.4 | 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 provided on the following basis:
|  |  |  | Land and buildings | - | over the period of the lease
|  |  |  | Office equipment | - | 25% straight line
|  |  |  | Computer equipment | - | 50% 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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.6 | 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. Page 4
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. 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.
| 2.9 | 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 | 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 the Statement of Income and Retained Earnings 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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income'. Page 5
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Finance costs
Finance costs are charged to the Statement of Income and Retained Earnings 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.
| 2.12 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.13 | 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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.14 | Interest income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
| 2.15 | Borrowing costs
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred. Page 6
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.16 | 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet date.
| 2.17 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 40 (2024 - 42).
Page 7
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 July 2024 | 5,458,671
| Additions | 229,930
| At 30 June 2025 | 5,688,601
| Amortisation |
| At 1 July 2024 | 3,784,337
| Charge for the year on owned assets | 120,000
| At 30 June 2025 | 3,904,337
| Net book value |
| At 30 June 2025 | 1,784,264
| At 30 June 2024 | 1,674,334
Page 8
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Tangible fixed assets
|  | Long-term leasehold property | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 July 2024 | 64,681 | 198,159 | 405,235 | 668,075
| Additions | - | 1,532 | 36,397 | 37,929
| At 30 June 2025 | 64,681 | 199,691 | 441,632 | 706,004
| Depreciation |  |  |  |
| At 1 July 2024 | 64,681 | 174,131 | 384,463 | 623,275
| Charge for the year on owned assets | - | 19,248 | 38,971 | 58,219
| At 30 June 2025 | 64,681 | 193,379 | 423,434 | 681,494
| Net book value |  |  |  |
| At 30 June 2025 | - | 6,312 | 18,198 | 24,510
| At 30 June 2024 | - | 24,028 | 20,772 | 44,800
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 July 2024 | 33,961
| At 30 June 2025 | 33,961
Page 9
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 377,127 | 375,869
| Amounts owed by group undertakings | 212,967 | 225,608
| Other debtors | 4,658 | 76,509
| Prepayments and accrued income | 57,724 | 46,624
| Tax recoverable | 71,223 | 89,665
|  | 723,699 | 814,275
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 68 | 29,365
| Trade creditors | 5,277 | 33,308
| Other taxation and social security | 151,582 | 123,199
| Other creditors | 16,009 | 11,068
| Accruals | 105,012 | 70,812
| Deferred income | 352,157 | 335,220
|  | 630,105 | 602,972
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 400,000 (2024 - 400,000) Ordinary A shares of £0.10 each | 40,000 | 40,000
|  | 36,250 (2024 - 36,250) Ordinary B shares of £0.10 each | 3,625 | 3,625
|  |  | 43,625 | 43,625
10. | Reserves
Profit and loss account The Profit and loss account represents cumulative profit and losses net of dividends. Page 10
FINITE ELEMENT ANALYSIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. | 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 £168,573 (2024: £73,845). Contributions totalling £15,584 (2024: £10,643) were payable to the fund at the balance sheet date and are included in creditors.
12. | Related party transactions
| The Company has taken advantage of the exemption available under FRS102 for non disclosure of transactions with wholly owned subsidiary companies. During the year the Company paid £126,000 (2024: £126,000) to Dr L P R Lyons, a director, in rent and service charges for use of the Company's premises which he owns.
Page 11