ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2falseNo description of principal activity2022-05-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02759246 2022-05-01 2023-04-30 02759246 2021-05-01 2022-04-30 02759246 2023-04-30 02759246 2022-04-30 02759246 c:Director1 2022-05-01 2023-04-30 02759246 d:CurrentFinancialInstruments 2023-04-30 02759246 d:CurrentFinancialInstruments 2022-04-30 02759246 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02759246 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 02759246 d:ShareCapital 2023-04-30 02759246 d:ShareCapital 2022-04-30 02759246 d:SharePremium 2023-04-30 02759246 d:SharePremium 2022-04-30 02759246 d:CapitalRedemptionReserve 2023-04-30 02759246 d:CapitalRedemptionReserve 2022-04-30 02759246 d:RetainedEarningsAccumulatedLosses 2023-04-30 02759246 d:RetainedEarningsAccumulatedLosses 2022-04-30 02759246 c:FRS102 2022-05-01 2023-04-30 02759246 c:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 02759246 c:FullAccounts 2022-05-01 2023-04-30 02759246 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02759246 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 02759246

EXGM Limited

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2023

EXGM Limited

Contents

	Page
Accountant's report	1
Balance sheet	2
Notes to the financial statements	3 - 5

EXGM Limited

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of EXGM Limited for the year ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EXGM Limited for the year ended 30 April 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of EXGM Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of EXGM Limited and state those matters that we have agreed to state to the Board of directors of EXGM Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EXGM Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that EXGM Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EXGM Limited. You consider that EXGM Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of EXGM Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Chartered Accountants

Montague Place

Quayside

Chatham Maritime

Chatham

Kent

ME4 4QU

21 December 2023

Page 1

EXGM Limited

Registered number: 02759246

Balance sheet

As at 30 April 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	51,399		80,387
Cash at bank and in hand		61,774		80,649
		113,173		161,036
Creditors: amounts falling due within one year	5	(28,101)		(38,449)
Net current assets			85,072		122,587
Total assets less current liabilities			85,072		122,587

Net assets			85,072		122,587

Capital and reserves
Called up share capital	57	57
Share premium account	19,984	19,984
Capital redemption reserve	60	60
Profit and loss account	64,971	102,486
	85,072	122,587

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 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 on 21 December 2023.

P A Carver

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

EXGM Limited

Notes to the financial statements

For the year ended 30 April 2023

1.	General information

EXGM Limited is a private company limited by shares and is incorporated in England with the registration number 02759246. The address of the registered office is 14 Copthall Gardens, London, NW7 2NG.

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

Going concern

The financial statements have been prepared on a going concern basis. The company's trade and assets were sold on 4 September 2020 and the sale of the business was as a going concern. The company remains in order to collect the deferred consideration from the sale.

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:

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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

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.

Page 3

EXGM Limited

Notes to the financial statements

For the year ended 30 April 2023

2.Accounting policies (continued)

2.6

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 balance sheet date in the countries where the Company operates and generates income.

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.

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

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

EXGM Limited

Notes to the financial statements

For the year ended 30 April 2023

Debtors

					2023	2022
					£	£


Other debtors	10,090	10,936
Prepayments and accrued income	41,309	69,451
	51,399	80,387

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	156	627
Corporation tax	2,482	-
Other creditors	-	1,967
Accruals and deferred income	25,463	35,855
	28,101	38,449

Related party transactions

During the year the company paid dividends to those directors who were also shareholders in the company totalling £70,000 (2022: £Nil). All other transactions with related parties that arose during the current and prior years, including any directors' remuneration payable, were done so under normal market conditions.
At the year end, the director's owed the company £9,611 (2022: £Nil). This balance was repaid within 9 months of the financial year end.

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